NOT LISTED FOR SALE
9 Beds
6 Baths
-- Sq Ft
0.25 Acres

Last Sold September 04, 2018

Last sale price $235,000

8 Days on Market

About This Home

As of September 2018

MULTIPLE OFFERS RECEIVED: HIGHEST AND BEST DUE BY 5:00 PM CENTAL ON 7/20/18. Excellent investment opportunity on this jumbo brick three flat located across the street from Benjamin Franklin Park! Currently two of the three units are rented for a combined rent of $2400 a month. The vacant unit is move-in ready and this great building is ready for the next owner occupant or investor. Each unit has an individual furnace and hot water heater. Estimated CAP rate including vacancy loss and property management is over 9% with an estimated cash on cash return of over 23.5%! Building is being sold in AS-IS condition.

Last Agent to Sell the Property

Keith Hatzfeld

Homeriver Illinois LLC License #471022814 Listed on: 07/16/2018

Last Buyer's Agent

Jorge Luna

Luna Realty Group License #471019589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $980

Year Built

  • Built in 1928 | Remodeled in 2005

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 30x125

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 6 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $42,000
  • Net Operating Income $19,034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$980

Year Built

Built in 1928 | Remodeled in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2005
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2005

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 3
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 209900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 18766

Schools

  • Middle/Junior School District: 99

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 19034
  • GrossIncome: 42000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 980
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2018 09/04/18 Sold $235,000 +12.0% --
07/24/2018 07/24/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $209,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10019684

Midwest Real Estate Data (MRED)

APN: 16-22-210-041-0000