NOT LISTED FOR SALE

15 Clay Ave Highwood, IL 60040

Estimated Value: $4,322,184

23 Beds
23 Baths
-- Sq Ft
1 Acres

Last Sold May 13, 2019

Last sale price $3,250,000

Est. 33% increase in value since last sale

Current estimated payment $33,049/month

165 Days on Market

Highlights

  • Central Air
  • Wayne Thomas Elementary School Rated A
  • 2-minute walk to Robert McClory Path

About This Home

As of May 2019

12 luxury apartments in Highwood, Illinois FULLY RENTED! Highwood is approximately 30 miles north of downtown Chicago . The city is easily accessible from the North or South by interstate 94.. The property was constructed in 2008 and features an elevator, balconies and an underground heated garage. All units have individual HVAC and in-unit washers and dryers. There are 12 outdoor parking spaces as well as 12 indoor spaces. Close to Metra, Lake Michigan Beaches, downtown Highwood restaurants and shopping.

Last Agent to Sell the Property

Galina Iklov

RE/MAX United License #475124042 Listed on: 11/01/2018

RE/MAX United

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $106,818

Year Built

  • 2008

Lot Details

  • 1

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air
  • Vented Exhaust Fan

Community Details

  • Fuel Expense $1,950
  • Insurance Expense $2,556

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$106,818

Year Built

2008

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Condominium
  • Utilities To Site: Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
  • Zoning Type: COMMR
  • Estimated Age: 1-6 Years
  • Net Oper Income: 220178
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 3860
  • Roof Coverings: Shingle Composition
  • Roof Structure: Flat
  • Scavenger Expense: 1735
  • Total Annual Exp: 83422
  • Total Annual Income: 303600
  • Total Monthly Income: 25300
  • Number Of Disposals: 12
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 3
  • Estimated Year Built: 2008
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 2008

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 1
  • Construction: Brick, Concrete
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 13-18 Spaces
  • Number Of Parking Spaces: 24

Utilities

  • Air Conditioner: Central Individual, Exhaust Fan/s
  • Fire Protection: Alarm Monitored
  • Heatventilation: Forced Air, Gas
  • Water Expense: 5403

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 5396
  • Electrical Service: 0-100 Amps
  • Janitor Expense: 6500

Lot Info

  • Lot Dimensions: 200X200
  • Parcel Identification Number: 16152100080000

Rental Info

  • Gross Rental Income: 303600
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Fuel Expense: 1950
  • Gross Rent Multiplier: 7
  • Insurance Expense: 2556
  • Other Expenses: 1750
  • Number Of Dishwashers: 12
  • Number Of Dryers: 12
  • Number Of Washers: 12

Tax Info

  • Taxes: 54992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
15 Clay Ave Llc
Bought by
Bme Apartments Llc Series Little Fort Fifteen
Total Days on Market
165
Current Estimated Value
$4,322,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,704,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2018
Closed on
May 10, 2019
Sold by
Asg Development Llc
Bought by
15 Clay Ave Llc
Seller's Agent
Galina Iklov
RE/MAX United
Buyer's Agent
Non Member
NON MEMBER
List Price
$3,450,000
Sold Price
$3,250,000
Premium/Discount to List
-$200,000
-5.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%

Purchase Details

Closed on
Nov 29, 2006
Sold by
Chicago Title Land Trust Co
Bought by
A S G Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,010,000
Interest Rate
7.62%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bme Apartments Llc Series Little Fort Fifteen $3,700,000 Chicago Title
15 Clay Ave Llc $3,250,000 Chicago Title
A S G Development Llc $1,010,000 Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bme Apartments Llc Series Little Fort Fifteen $2,704,000
Previous Owner Asg Development Llc $3,985,000
Previous Owner A S G Development Llc $1,010,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $3,250,000 -5.8% --
05/13/2019 05/13/19 For Sale $3,450,000 +6.2% --
05/07/2019 05/07/19 Off Market $3,250,000 -- --
04/15/2019 04/15/19 Pending -- -- --
11/01/2018 11/01/18 For Sale $3,450,000 -- --
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 $106,818 $1,400,255 $215,725 $1,184,530
2023 $75,334 $1,262,173 $194,452 $1,067,721
2022 $75,334 $866,048 $648,224 $217,824
2021 $69,790 $837,166 $626,606 $210,560
2020 $68,165 $837,166 $626,606 $210,560
2019 $66,132 $833,250 $623,675 $209,575
2018 $55,643 $731,184 $209,077 $522,107
2017 $54,992 $726,967 $207,871 $519,096
2016 $55,561 $782,435 $212,997 $569,438
2015 $58,528 $895,918 $197,897 $698,021
2014 $46,160 $575,881 $200,399 $375,482
2012 $45,027 $579,241 $201,568 $377,673
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10129793

Midwest Real Estate Data (MRED)

APN: 16-15-210-008