NOT LISTED FOR SALE

14007 S Torrence Ave Burnham, IL 60633

-- Bed
-- Bath
-- Sq Ft
1978 Built

Sale Details

Date Sold: May 8, 2024

Last sale price $320,000

275 Days on Market

About This Home

As of May 2024

This home is located at 14007 S Torrence Ave, Burnham, IL 60633 since 17 May 2023. This property was built in 1978. 14007 S Torrence Ave is a home located in Cook County with nearby schools including Burnham Elementary School, Thornton Fractional North High School, and New Life Celebration Christian Academy.

Last Agent to Sell the Property

Tanius Stamper

Greyson Brokerage Group LLC License #471019972 Listed on: 05/17/2023

Last Buyer's Agent

Mike Lepore

Village Realty, Inc. License #475119088

Village Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property
  • Exterior Basement Entry

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $350
  • Insurance Expense $4,300
  • Maintenance Expense $250
  • Trash Expense $1,300
  • Water Sewer Expense $840
  • Operating Expense $25,886
  • Gross Income $46,200
  • Net Operating Income $20,314

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: Show-Call Listing Office,48-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Water Source: Municipal Water
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1300
  • Water Sewer Expenses: 840

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5940
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 20314
  • Insurance Expense: 4300
  • ElectricExpense: 350
  • GrossIncome: 46200
  • Maintenance Expense: 250
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25886
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 17646
  • Tax Year: 2021
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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
05/08/2024 05/08/24 Sold $320,000 -8.6% --
02/17/2024 02/17/24 Pending -- -- --
12/12/2023 12/12/23 Price Changed $350,000 0.0% --
12/12/2023 12/12/23 For Sale $350,000 -7.9% --
11/27/2023 11/27/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $380,000 0.0% --
08/21/2023 08/21/23 For Sale $380,000 -1.3% --
07/28/2023 07/28/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $385,000 -6.1% --
05/22/2023 05/22/23 Price Changed $410,000 -3.5% --
05/17/2023 05/17/23 For Sale $425,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $21,298 $32,324 $3,456 $28,868
2024 $21,298 $32,324 $3,456 $28,868
2023 $18,082 $39,000 $3,456 $35,544
2022 $18,082 $25,001 $3,072 $21,929
2021 $17,647 $25,000 $3,072 $21,928
2020 $16,129 $25,000 $3,072 $21,928
2019 $15,553 $22,779 $2,880 $19,899
2018 $16,842 $25,647 $2,880 $22,767
2017 $15,162 $25,647 $2,880 $22,767
2016 $13,578 $22,918 $2,688 $20,230
2015 $12,418 $22,918 $2,688 $20,230
2014 $11,976 $22,918 $2,688 $20,230
2013 $12,051 $25,299 $2,688 $22,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11785805

Midwest Real Estate Data (MRED)
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