NOT LISTED FOR SALE

Estimated Value: $650,000 - $737,140

8 Beds
16 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold January 28, 2020

Last sale price $425,000

Est. 63% increase in value since last sale

Current estimated payment $4,847/month

459 Days on Market

About This Home

As of January 2020

TWO BRICK BUILDINGS COMPLEX LOCATED IN DESIRABLE WEST SIDE OF TOWN ACROSS FROM YEOMAN PARK. VERY GOOD AND PEACEFUL RENTAL AREA WITH PROXIMITY TO SCHOOLS, PUBLIC TRANSPORTATION, SHOPPING. ALL UNITS RENTED. TOTAL OF 15 APARTMENTS; ONE 2 BR, FIVE 1 BR. AND 9 STUDIOS. UNITS ARE UPDATED. NUMEROUS IMPROVEMENTS DONE; NEW ROOF (2018 AND 2017), NEW HEATING FURNACE (2016), 3 NEW HOT WATER BOILERS (2016). RECENT TUCK-POINTING. NEW HALLWAY FLOORS. ALL NEW ENERGY EFFICIENT WINDOWS. 20 PARKING SPACES.

Last Agent to Sell the Property

Richard Ratay

Century 21 Circle License #475105651 Listed on: 10/09/2018

Last Buyer's Agent

David Garrigus

Castlewood Properties License #471003995

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,203

Year Built

  • 1960

Lot Details

  • 10,454

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $7,158
  • Insurance Expense $4,933

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,203

Year Built

1960

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 49082
  • Outdoor Parking: 19-30 Spaces
  • Repairs Decor Expense: 980
  • Roof Coverings: Rubber
  • Roof Structure: Flat, Pitched
  • Scavenger Expense: 3649
  • Total Annual Exp: 40918
  • Total Annual Income: 89400
  • Total Monthly Income: 7450
  • Number of Ranges: 15
  • Number Of Refrigs: 15
  • Number Of Stories: 2
  • Estimated Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 20

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Sprinklers-Wet
  • Heatventilation: Central Bldg Heat
  • Water Expense: 4909

Condo/Co-op/Association

  • Units in Building: 15
  • Assessment Includes: Heat, Water, Electric, Gas, Parking, Exterior Maintenance, Lawn Care, Snow Removal

Fee Information

  • Electricity Expense: 1004
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 86X125
  • Land Amenities: Children's Play Yard, Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 08202060450000

Rental Info

  • Gross Rental Income: 90000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 7158
  • Insurance Expense: 4933
  • Other Expenses: 1909
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 19904

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2021
Sold by
Clear Capital Llc
Bought by
Clear Capital Core 1 Llc
Current Estimated Value
$693,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$930,852
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
-$247,710

Purchase Details

Listed on
Oct 9, 2018
Closed on
Jan 28, 2020
Sold by
Grandpol Inc
Bought by
Clear Capital Llc
Seller's Agent
Richard Ratay
Century 21 Circle
Buyer's Agent
David Garrigus
Castlewood Properties
List Price
$549,000
Sold Price
$425,000
Premium/Discount to List
-$124,000
-22.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%

Purchase Details

Closed on
Nov 14, 2003
Sold by
Mendez Pastor and Mendez Maria
Bought by
Kutty Yohannan Kunjuman and Kutty Yohannan George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2003
Sold by
Chicago Title Land Trust Co
Bought by
Mendez Pastor and Mendez Maria
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Clear Capital Core 1 Llc -- None Listed On Document
Clear Capital Llc $425,000 National Title
Kutty Yohannan Kunjuman $510,000 Multiple
Mendez Pastor $430,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clear Capital Core 1 Llc $1,020,000
Previous Owner Kutty Yohannan Kunjuman $408,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2020 01/28/20 Sold $425,000 -9.6% --
01/11/2020 01/11/20 Pending -- -- --
12/22/2019 12/22/19 Price Changed $469,900 -1.1% --
10/30/2019 10/30/19 Price Changed $474,900 -1.1% --
10/05/2019 10/05/19 Price Changed $480,000 -1.0% --
09/08/2019 09/08/19 Price Changed $485,000 -0.8% --
08/03/2019 08/03/19 Price Changed $489,000 -1.0% --
07/13/2019 07/13/19 Price Changed $494,000 -1.0% --
06/06/2019 06/06/19 Price Changed $499,000 -2.0% --
05/07/2019 05/07/19 Price Changed $509,000 -3.8% --
03/30/2019 03/30/19 Price Changed $529,000 -3.6% --
10/09/2018 10/09/18 For Sale $549,000 -- --
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 $14,203 $157,528 $21,579 $135,949
2023 $14,203 $150,620 $20,633 $129,987
2022 $13,970 $142,898 $19,650 $123,248
2021 $14,768 $141,652 $19,479 $122,173
2020 $19,966 $141,653 $18,147 $123,506
2019 $19,966 $160,371 $16,629 $143,742
2018 $20,448 $158,155 $16,400 $141,755
2017 $19,904 $139,923 $14,509 $125,414
2016 $18,789 $121,588 $12,608 $108,980
2015 $18,383 $108,823 $11,284 $97,539
2014 $18,644 $110,201 $11,427 $98,774
2012 $19,933 $119,391 $12,380 $107,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10107513

Midwest Real Estate Data (MRED)

APN: 08-20-206-045