NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1978 Built

Last Sold July 13, 2018

Last sale price $560,000

1 Day on Market

Highlights

  • Forced Air Heating System
  • Palatine High School Rated A
  • Hot Water Heating System

About This Home

As of July 2018

Part of Palatine Square Apartments. Face brick on all sides. 5 two bedroom and 1 one bedroom. Owned laundry machines. CASH FLOW!

Last Agent to Sell the Property

Bob Edmiston

Weichert Realtors Ambassador Listed on: 04/02/2018

Weichert Realtors Ambassador

Last Buyer's Agent

Ming Gui

LITS Realty LLC License #475170668

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,192

Year Built

  • Built in 1978

Parking

  • Open Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 50 x 50

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include parking, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Electric Expense $533
  • Fuel Expense $2,188
  • Insurance Expense $1,974
  • Other Expense $4,920
  • Water Sewer Expense $1,399
  • Operating Expense $23,206
  • Gross Income $66,180
  • Net Operating Income $44,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,192

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: Other-See Remarks
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 579000
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies,Patio

Garage/Parking

  • Outdoor Parking: Open

Utilities

  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • Leased Washer Dryer YN: No

Fee Information

  • Association Fee Includes: Parking, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 1399
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 50
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 44224
  • Fuel Expense: 2188
  • Insurance Expense: 1974
  • ElectricExpense: 533
  • GrossIncome: 66180
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23206
  • Expense Year: 2017
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12192
  • Tax Year: 2016

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
07/13/2018 07/13/18 Sold $560,000 -3.3% --
04/03/2018 04/03/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $579,000 -- --
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: 09901760

Midwest Real Estate Data (MRED)