NOT LISTED FOR SALE

141 W Michael Ln Addison, IL 60101

8 Beds
4 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold July 24, 2018

Last sale price $440,000

14 Days on Market

Highlights

  • Recreation Room
  • Soaking Tub
  • Ceiling Fan
  • Lower Floor Utility Room
  • Two Heating Systems
  • Paved or Partially Paved Lot

About This Home

As of July 2018

Tremendous investment opportunity and cash flow!Rents can be increased. Long term very clean tenants. Solid, all brick 3 level, 4 town homes. Open floor plan. Each unit with 2 Bedrooms-each has ceiling fans with light fixtures, 1 bath, kitchen with eating area-built in Microwave ovens and dishwashers, huge living room with cathedral ceiling, walk out finished lower level with above ground window. Newer heating and cooling systems and interiors newly painted. Beautiful refinished hardwood floors in Living room and Bed rooms, ceramic tiles in Rec.room and Bathroom. Paint free exteriors. Easy to maintain and keep clean. Tenant pays gas for heating, cooking and hot water. Individual gas and electric meters. Ample parking. Close to I-355,290,294. Walk to schools, park, pool, shopping, library, medical center, restaurants, bus stop-quick access to Metra railway station. Right into the heart of down town!!!

Last Agent to Sell the Property

Mala Gandhi

@properties Christie's International Real Estate License #475111132 Listed on: 04/18/2018

@properties Christie's International Real Estate

Last Buyer's Agent

Jayesh Parekh

ARNI Realty Incorporated License #475149245

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,875

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x115
  • Paved or Partially Paved Lot

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Recreation Room
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 7 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Lincoln Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • Green Meadows Subdivision, 4 Flat Floorplan

Building Details

  • Gross Income $50,340
  • Net Operating Income $36,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,875

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Subdivision Name: GREEN MEADOWS
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Recreation Room, Utility Room-Lower Level
  • Basement Description: Finished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors
  • Room: 5

Exterior Features

  • ExteriorFeatures: Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 459500
  • Roof: Asphalt, Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Street
  • ParkingTotal: 7
  • Number of Cars: 7
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 14075

Schools

  • Elementary School: LINCOLN ELEMENTARY SCHOOL
  • High School: Addison Trail High School
  • Middle/Junior School: INDIAN TRAIL JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 4

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 60X115
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 36265
  • GrossIncome: 50340
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,3 Story Unit/s

Tax Info

  • Tax Annual Amount: 7875.24
  • 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 Change Sq Ft Price
07/24/2018 07/24/18 Sold $440,000 -4.2% --
05/02/2018 05/02/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $459,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mala Gandhi

    Seller's Agent in 2018

    Mala Gandhi

    @ Properties

    (630) 660-7440

    85 Total Sales

    Mala Gandhi
    Section Image

  • J

    Buyer's Agent in 2018

    Jayesh Parekh

    ARNI Realty Incorporated

    (847) 962-0239

    87 Total Sales

    Jayesh Parekh
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09920397

Midwest Real Estate Data (MRED)

Illinois DuPage County Addison 60101

141 W Michael Ln, Addison, IL

This home is located at 141 W Michael Ln, Addison, IL 60101 since 18 April 2018. This property was built in 1965. 141 W Michael Ln is a home located in DuPage County with nearby schools including Lincoln Elementary School, Indian Trail Jr High School, and Addison Trail High School.

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