NOT LISTED FOR SALE

14547 Lamon Ave Midlothian, IL 60445

12 Beds
6 Baths
-- Sq Ft
1981 Built

Last Sold August 30, 2019

Last sale price $500,000

23 Days on Market

About This Home

As of August 2019

Great investment opportunity! Profitable 6 unit building with 5 - 2 bedroom units and 1 - 2 bedroom (possible 3rd) two level unit which was originally the owners unit. This building is located on a residential street across from Midlothian County Club property and not part of a large complex. Each unit has their own newer furnace and HWH which is a plus. Tenants enjoy balconies, all appliances and long term neighbors. First floors are not ground level, which is desirable. Great location to walk to all local businesses, green areas and ample parking for each tenant on a recently repaved parking lot. Basement has laundry facilities and storage lockers for each unit. Please be discreet - no sign on property and tenants are not aware that this property is on the market.

Last Agent to Sell the Property

Linda Grahovec

TerraMark Realty Network License #471007793 Listed on: 06/01/2019

Last Buyer's Agent

Rima Odeh

Better Homes & Gardens Real Estate License #475102798

Better Homes & Gardens Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1981

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Air

Additional Features

  • Partially Finished Basement

Community Details

  • Insurance Expense $3,924

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 31728
  • Outdoor Parking: 6-12 Spaces, Assigned Spaces, Common Parking, Paved, Private Lot
  • Repairs Decor Expense: 2400
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 1080
  • Total Annual Exp: 28272
  • Total Annual Income: 60000
  • Total Monthly Income: 5000
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1981
  • Type Multi Family: Corridor-Interior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1981

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick, Wood Frame
  • Frontage Access: Public Road

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Central Air
  • Fire Protection: Fire Extinguisher/s
  • Heatventilation: Electric, Separate Per Unit
  • Water Expense: 1990

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Common Insurance

Fee Information

  • Electricity Expense: 672
  • Electrical Service: Separate Meters

Lot Info

  • Lot Dimensions: 72X125
  • Lot Sq Ft: 9000
  • Land Amenities: Lighting/Exterior, Security Entrance, Sidewalks
  • Parcel Identification Number: 28092060310000

Rental Info

  • Gross Rental Income: 58800
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 3924
  • Number Of Dishwashers: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 19717

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 List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $500,000 -5.6% --
06/24/2019 06/24/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $529,900 -- --
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: MRD10400057

Midwest Real Estate Data (MRED)