NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold October 31, 2023

Last sale price $651,000

5 Days on Market

Highlights

  • First Floor Utility Room
  • Balcony
  • Soaking Tub
  • Lowell Elementary School Rated A

About This Home

As of October 2023

Introducing a Fantastic Investment Opportunity for a 1031, long term hold or Owner occupant, all in a Charming Neighborhood. This property practically guarantees immediate tenant occupancy. This four-unit building showcases generously proportioned apartments. One of these units comprises 1 bedroom and 1 bathroom, while the remaining three units each offer 2 bedrooms and 1 bathroom. Notably, two of the two-bedroom units have recently undergone extensive kitchen and bathroom renovations. All 4 units are leased. This property boasts a prime location, providing convenient access to shopping, downtown Wheaton, the Metra commuter train, a bus stop conveniently located right in front, and proximity to Wheaton College. Maintenance is a breeze, thanks to the solid all-brick construction, updated windows, and doors throughout. Each unit is equipped with gas cooking facilities and features balconies for the top two apartments. Electric meters are individually metered for each unit, and there is a shared laundry facility for added convenience. Tenants are responsible for their own electric expenses, and ample parking is available. While the building is in excellent condition, it is being offered for sale AS-IS, ensuring a hassle-free transaction.

Last Agent to Sell the Property

Lance Kammes

RE/MAX Suburban License #475090263 Listed on: 09/27/2023

RE/MAX Suburban

Last Buyer's Agent

Katerina Pavlova

Pavlova Properties License #471022201

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,767

Year Built

  • Built in 1970 | Remodeled in 2019

Lot Details

  • 0.25

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Parking

  • 7 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Unassigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • First Floor Utility Room
  • Balcony
  • Lot Dimensions are 60x142

Community Details

  • 4 Units
  • Net Operating Income $46,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,767

Year Built

Built in 1970 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Room Type: Utility Room-1st Floor
  • Basement Description: Slab
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Driveway
  • ParkingTotal: 7
  • Number of Cars: 7
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 11372

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X142
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 46861
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7767
  • Tax Year: 2022

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/31/2023 10/31/23 Sold $651,000 +0.2% --
10/03/2023 10/03/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $650,000 -- --
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: 11895101

Midwest Real Estate Data (MRED)