$1,605,000
SOLD OCT 24, 2024

1508 Topp Ln Glenview, IL 60025

12 Beds
8 Baths
7,668 Sq Ft
0.3 Acres

Recently Sold

$209 Per Sq Ft

12% Below List Price

35 Days on Market

Highlights

  • 1 Fireplace
  • Pleasant Ridge Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2024

4 Unit Townhouse Complex in Stellar, Glenview Location just off of Waukegan Rd and Lake Ave! Developed by a local woman in the 1970's, the complex has been lovingly maintained and is coming to the market for the first time in its history! Incredible rental location, combined with low maintenance/upkeep and no utility bills for the owner, make this investment a great find! Purchase and rent in current condition for immediate income OR update, increase rents and add value! 4 Separate Pin Numbers allow for future potential to sell separately! These over-sized townhomes are comprised of 4 spacious, well-appointed 3 bed/2.5 bath units with attached 2 car garages and rear patios. Tenants will enjoy the sunlight that streams into the living room through the expansive windows. The living rooms open to the dining rooms and the kitchens have breakfast table space. The 2nd floors are comprised of 3 Bedrooms. The primary suites are spacious with attached bathrooms. The walkout basements add loads of storage space and direct, interior access to the attached 2 car garages. This is an ideal rental location - close to restaurants and shopping of all kinds. It's also minutes to the train in downtown Glenview, The Glen and Hwy 94. Award winning schools!

Last Agent to Sell the Property

Santiago Valdez

Compass License #475153660 Listed on: 08/02/2024

Compass

Co-Listed By

Kathleen Barnett

Compass License #475144957

Last Buyer's Agent

Dorota Dynak

Coldwell Banker Residential

Coldwell Banker Residential

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,086

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot
  • Additional Parcels

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 7,668 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,603
  • Other Expense $2,160
  • Trash Expense $1,623
  • Operating Expense $7,386
  • Gross Income $10,750
  • Net Operating Income $87,529

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,086

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Fireplaces: 1
  • Fireplaces: 4
  • Dishwashers: 4
  • Refrigerators: 4
  • Ranges: 4
  • Number of Washers: 4
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1700000
  • Exterior Building Type: Brick
  • Roof Structure: Mansard

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1623
  • Janitor Expense: 0
  • Operating Expense Includes: Gardener,Snow Removal

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.3
  • Lot Dimensions: 13199
  • Lot Size Sq Ft: 13199
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 7668

Multi Family

  • Net Operating Income: 87529
  • Insurance Expense: 3603
  • GrossIncome: 10750
  • NumberOfUnitsTotal: 4
  • OperatingExpense: 7386
  • Expense Year: 2023
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 34085.8
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Oct 10, 2024
Sold by
Flores Linda
Bought by
Pyzikiewicz Lukasz and Pyzikiewicz Kinga
Seller's Agent
Santiago Valdez
Compass
Buyer's Agent
Dorota Dynak
Coldwell Banker Residential
List Price
$1,820,000
Sold Price
$1,605,000
Premium/Discount to List
-$215,000
-11.81%
Views
386
Current Estimated Value
$446,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,158,906
Avg. Annual Appreciation
-82.69%
Original Mortgage
$307,500
Outstanding Balance
$305,965
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$140,129

Purchase Details

Closed on
Mar 31, 2011
Sold by
Flores Linda
Bought by
Flores Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2003
Sold by
Prock Rose N
Bought by
Prock Rose N and Rose N Prock Trust

Purchase Details

Closed on
Jun 9, 1997
Sold by
Pacini Rose Nancy and Prock Rose N
Bought by
Prock Rose N and Rose N Prock Living Trust
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 Type Sale Price Title Company
Warranty Deed $410,000 Chicago Title
Interfamily Deed Transfer -- Fidelity Natl Title Ins Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $307,500 New Conventional
Previous Owner $162,000 New Conventional
Previous Owner $204,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Sold $1,605,000 -5.6% $209 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $1,700,000 -6.6% $222 / Sq Ft
08/02/2024 08/02/24 For Sale $1,820,000 0.0% $237 / Sq Ft
02/01/2020 02/01/20 Rented $2,100 -4.5% --
11/06/2019 11/06/19 For Rent $2,200 -- --
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 $8,521 $38,501 $6,501 $32,000
2023 $8,281 $38,501 $6,501 $32,000
2022 $8,281 $38,501 $6,501 $32,000
2021 $6,730 $27,039 $4,719 $22,320
2020 $6,650 $27,039 $4,719 $22,320
2019 $6,198 $29,714 $4,719 $24,995
2018 $6,256 $27,200 $4,104 $23,096
2017 $6,089 $27,200 $4,104 $23,096
2016 $5,754 $27,200 $4,104 $23,096
2015 $15,055 $63,219 $3,283 $59,936
2014 $1,894 $8,101 $3,283 $4,818
2013 $1,836 $8,101 $3,283 $4,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12121054

Midwest Real Estate Data (MRED)

APN: 04-26-409-034-0000