T
Seller's Agent in 2019
Todd Hornberger
Kale Realty
(818) 568-4982
29 Total Sales
1515 N Mannheim Rd Stone Park, IL 60165
16
Beds
11
Baths
--
Sq Ft
1956
Built
About This Home
As of March 2019*This property is under contract.Mixed use property at 1515 N Mannheim in Stone Park, IL. The building is a California style with eleven (11) apartment units and one (1) warehouse space. The property lot size is 2900 sf. The building consists of five (5) two-bedroom units and six (6) 1-bedroom units. Each unit has one (1) bathroom. Six (6) of the eleven (11) apartment units have been rehabbed in the last 2 years. The asset offers consistent cash flow with 100% occupancy and collections. The apartment units are of higher rental quality compared with the local inventory resulting in higher rent/sf than average. The successful investor can benefit from the capital improvements completed on the units for this high demand product. There are 15 off-street parking spaces for tenants and coin-operated laundry for additional income.
Last Agent to Sell the Property
Kale Realty License #475183681 Listed on: 11/26/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,359
Year Built
- Built in 1956
Bedrooms and Bathrooms
- 16 Bedrooms
- 11 Bathrooms
Additional Features
- 2-Story Property
- Additional Parcels
- Radiant Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $1,000
- Fuel Expense $4,000
- Insurance Expense $3,500
- Maintenance Expense $2,400
- Other Expense $1,200
- Trash Expense $1,500
- Water Sewer Expense $6,000
- Operating Expense $67,389
- Gross Income $117,960
- Net Operating Income $48,157
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2019 06/19/19 | Off Market | $625,000 | -- | -- |
| 03/20/2019 03/20/19 | Sold | $625,000 | -10.1% | -- |
| 03/07/2019 03/07/19 | Pending | -- | -- | -- |
| 11/26/2018 11/26/18 | For Sale | $695,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Todd Hornberger
-
Matt Halper
Buyer Co-Listing Agent in 2019
Matt Halper
Process Driven Real Estate
(773) 405-6384
8 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10264239
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