NOT LISTED FOR SALE

14801 Kilpatrick Ave Midlothian, IL 60445

9 Beds
5 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold August 19, 2019

Last sale price $395,000

10 Days on Market

Highlights

  • Landscaped Professionally
  • Traditional Architecture
  • Lower Floor Utility Room
  • Oak Forest High School Rated A-
  • Corner Lot
  • Balcony

About This Home

As of August 2019

10.2% CAP Rate 14.06 GRM estimated. Total Annual Gross Income including units and garage rents and coin laundry is $59,760. Total Annual Expenses including utilities, yard maintenance and property tax is $16,320. Current property tax is $10,925. 4 Unit brick building. New water heater. Nice location and yard. All units are fully remodeled. 1 - 3 Bedrooms 2 Full Baths with Patio. 3 - 2 Bedrooms 1 Full Bath with Balcony. 3 Car detached garage for rent to tenants or neighborhood residents. 6 parking spaces for tenants back of Building. Large basement is perfect for storage and expansion. 4 tenant storage units and coin operated laundry are in basement. Tenants pay electricity separate meter for each tenant. Close to Cicero Ave, schools, library, country club, shopping, I-294 and Metra. Great tenants, clean and well managed building. Ready for pre-qualified investors or owner occupants. Must see and make your offer today.

Last Listed By

Ieva Macius

Kale Realty License #475186028 Listed on: 07/06/2019

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,956

Year Built

  • Built in 1980 | Remodeled in 2019

Lot Details

  • 10,454 Sq Ft Lot
  • Landscaped Professionally
  • Corner Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Lower Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms
  • Soaking Tub

Outdoor Features

  • Balcony
  • Patio
  • Porch

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $2,188
  • Trash Expense $744
  • Water Sewer Expense $1,560
  • Gross Income $59,760
  • Net Operating Income $43,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,956

Year Built

Built in 1980 | Remodeled in 2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1980
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • Room: 4

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Porch, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 425000
  • Lot Features: Corner Lot, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Unassigned
  • ParkingTotal: 6
  • Number of Cars: 9
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Lake Michigan, Public

Fee Information

  • Trash Expense: 744
  • Water Sewer Expenses: 1560
  • Other Expenses $: 600
  • Trash Expense Year: 2018

Schools

  • Middle/Junior School District: 142

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 10790
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 43440
  • Fuel Expense: 2188
  • ElectricExpense: 300
  • GrossIncome: 59760
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 10956
  • Tax Year: 2018

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
08/19/2019 08/19/19 Sold $395,000 -7.1% --
07/15/2019 07/15/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $425,000 +60.4% --
11/05/2017 11/05/17 Off Market $265,000 -- --
08/03/2017 08/03/17 Sold $265,000 -8.6% --
05/26/2017 05/26/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $290,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ieva Macius

    Seller's Agent in 2019

    Ieva Macius

    Kale Realty

    (312) 852-8779

    5 Total Sales

    Ieva Macius
    Section Image

  • B

    Buyer's Agent in 2019

    Boleslaw Jaronczyk

    Polmex Realty Inc.

    (708) 717-2992

    Section Image
  • Gin Albanese

    Seller's Agent in 2017

    Gin Albanese

    Baird & Warner

    (847) 444-9729

    34 Total Sales

    Gin Albanese
    Section Image

  • M

    Buyer's Agent in 2017

    Mark Malevskis

    Kale Realty

    (608) 383-4200

    10 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10441131

Midwest Real Estate Data (MRED)

Illinois Cook County Midlothian 60445

14801 Kilpatrick Ave, Midlothian, IL

Homes for Sale in Midlothian, IL

This home is located at 14801 Kilpatrick Ave, Midlothian, IL 60445 since 06 July 2019. This property was built in 1980. 14801 Kilpatrick Ave is a home located in Cook County with nearby schools including Lee R Foster Elementary School, Jack Hille Middle School, and Oak Forest High School.

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