NOT LISTED FOR SALE

14539 Lamon Ave Midlothian, IL 60445

12 Beds
6 Baths
6,078 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: April 15, 2021

Last sale price $505,000 $83 Per Sq Ft

19 Days on Market

Highlights

  • Atrium Room
  • Laundry Room
  • Central Heating and Cooling System
  • Oak Forest High School Rated A-
  • Storage Room

About This Home

As of April 2021

6 Unit Flexicore Brick Building! Long time owners are selling this money maker! Located on quiet residential street near the Country Club - 6 identical units on 3 floors - each with 2 bedrooms, 1.1 baths, with walk in closets, pantry, and extra storage/linen closets. Long time tenants in place. 1 empty unit for showings. NEW high efficiency gas water heater keeps the cost down. Coin Laundry (2 washers & 2 dryers) in the basement yields $100/month of additional income. Storage units in the basement provide extra storage for tenants. Flexicore keeps the building quiet and tenants happy. 12 paved parking spaces makes 2 off street parking spaces per unit. Tenants pay their electric bills and in-unit central heat & air. Units are easy to rent, some long term tenants are already in place. Current rental comparisons are $1,100-1,200 per unit.

Last Agent to Sell the Property

Beth Conaghan

eXp Realty License #475170457 Listed on: 01/19/2021

Last Buyer's Agent

Eileen Hermann

Keller Williams Preferred Rlty License #475179042

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,297

Year Built

  • Built in 1979

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 124x74

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,078 Sq Ft Home
  • 3-Story Property
  • Atrium Room
  • Storage Room
  • Laundry Room
  • Carbon Monoxide Detectors
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $1,512
  • Insurance Expense $2,416
  • Maintenance Expense $1,592
  • Other Expense $600
  • Trash Expense $1,224
  • Water Sewer Expense $3,240
  • Operating Expense $27,625
  • Gross Income $67,320
  • Net Operating Income $39,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,297

Year Built

Built in 1979

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Fire Protection: Carbon Monoxide Detector(s)
  • Misc Inside: Atrium,Inside Corridor/s,Storage Inside,Laundry Room
  • Fireplaces: 2
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies,Enclosed Stairs,Patio

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1224
  • Water Sewer Expenses: 3240
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Fixed Expenses,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 124X74
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks
  • Alternate Phone Number: (815) 351-4851

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6078
  • Building Unit Info: Fire Alarm

Multi Family

  • Net Operating Income: 39625
  • Fuel Expense: 1512
  • Insurance Expense: 2416
  • ElectricExpense: 360
  • GrossIncome: 67320
  • Maintenance Expense: 1592
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27625
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 18297
  • Tax Year: 2019
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $505,000 -1.0% $83 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $509,999 0.0% $84 / Sq Ft
02/04/2021 02/04/21 Price Changed $509,999 +2.0% $84 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $500,000 -- $82 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,292 $51,000 $5,175 $45,825
2024 $18,292 $51,000 $5,175 $45,825
2023 $23,418 $51,000 $5,175 $45,825
2022 $23,418 $50,500 $4,500 $46,000
2021 $22,759 $50,500 $4,500 $46,000
2020 $27,624 $63,945 $4,500 $59,445
2019 $18,670 $42,888 $4,050 $38,838
2018 $18,297 $42,888 $4,050 $38,838
2017 $20,823 $50,364 $4,050 $46,314
2016 $16,468 $38,427 $3,600 $34,827
2015 $16,093 $38,427 $3,600 $34,827
2014 $18,107 $44,566 $3,600 $40,966
2013 $14,327 $39,643 $3,600 $36,043
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10975380

Midwest Real Estate Data (MRED)
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