NOT LISTED FOR SALE

138 Sherman Place Dekalb, IL 60115

Estimated Value: $229,000 - $454,944

8 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold November 23, 2020

Last sale price $315,000

Est. 15% increase in value since last sale

Current estimated payment $2,581/month

67 Days on Market

Highlights

  • Property is near a park
  • 4 Car Attached Garage
  • Heating Available
  • Balcony
  • Paved or Partially Paved Lot

About This Home

As of November 2020

Excellent income potential awaits you in this 4-unit property with separate washer/dryer hookups. Each unit is approximately 1,100 sq ft and offers 2BR and 1BA, 2 built-in wall AC units, balconies, carport and more. 1st floor laundry in units could be used as 3rd bedroom. All new windows in 2015-2016. New sliding doors 2018. Exterior Paint 2019. 4 a/c units in past few years. Flooring replaced in past few years. Long term tenants. Excellent cash flow! Room to raise rents! Don't pass this opportunity up! Very well maintained unit.

Last Agent to Sell the Property

Matt Kombrink

One Source Realty License #471007391 Listed on: 07/13/2020

Co-Listed By

Miles Tischhauser

One Source Realty License #475122416

Last Buyer's Agent

Peggy Ramirez

Coldwell Banker Real Estate Group License #475134803

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,102

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 84x127
  • Paved or Partially Paved Lot

Parking

  • 4 Car Attached Garage
  • Carport
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Additional Features

  • 3-Story Property
  • Balcony
  • Property is near a park
  • Heating Available

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,183
  • Maintenance Expense $1,690
  • Professional Management Expense $1,779
  • Trash Expense $848
  • Net Operating Income $22,878

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,102

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 1779
  • Year Built: 1978
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Oven/Built-in
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Oven/Built-in
  • Room: 4

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens
  • List Price: 319900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Off Street
  • ParkingTotal: 8
  • Garage Details: Carport
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Street Paved

Fee Information

  • Trash Expense: 848

Schools

  • Middle/Junior School District: 428

Lot Info

  • Lot Dimensions: 84X127
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Heat,Sewer,Water

Multi Family

  • Net Operating Income: 22878
  • Insurance Expense: 1183
  • Maintenance Expense: 1690
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 8102
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2022
Sold by
Burton Christopher R
Bought by
C & Kb Properties Llc
Current Estimated Value
$360,736

Purchase Details

Listed on
Jul 13, 2020
Closed on
Nov 23, 2020
Sold by
Foust Lance G
Bought by
Burton Christopher R
Seller's Agent
Matt Kombrink
One Source Realty
Buyer's Agent
Peggy Ramirez
Coldwell Banker Real Estate Group
List Price
$329,000
Sold Price
$315,000
Premium/Discount to List
-$14,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$298,076
Interest Rate
2.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2007
Sold by
Teague Donald E
Bought by
Foust Lance G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
C & Kb Properties Llc -- Dionna Reynolds Llc
Burton Christopher R $315,000 Dorta-Dean Elsie
Foust Lance G $278,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burton Christopher R $298,076
Previous Owner Foust Lance G $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $315,000 -1.5% --
09/18/2020 09/18/20 Pending -- -- --
08/24/2020 08/24/20 Price Changed $319,900 -2.8% --
07/13/2020 07/13/20 For Sale $329,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,029 $97,822 $7,209 $90,613
2023 $8,029 $85,293 $6,286 $79,007
2022 $7,870 $77,872 $7,174 $70,698
2021 $8,082 $73,037 $6,729 $66,308
2020 $8,265 $71,873 $6,622 $65,251
2019 $8,103 $69,049 $6,362 $62,687
2018 $7,912 $66,707 $6,146 $60,561
2017 $7,987 $64,123 $5,908 $58,215
2016 $7,899 $62,504 $5,759 $56,745
2015 -- $59,223 $5,457 $53,766
2014 -- $59,985 $7,896 $52,089
2013 -- $63,009 $8,294 $54,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10779569

Midwest Real Estate Data (MRED)

APN: 08-22-284-011