NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1982 Built

Last Sold July 09, 2019

Last sale price $561,000

9 Days on Market

About This Home

As of July 2019

***Highest and best due 4/30/2019 by 8pm***WONDERFUL WATERFRONT MULTI-FAMILY FULLY RENTED, RARELY VACANT AND OWNER FOR A LONG TIME. EXCELENT INVESTMENT IN THRIVING PALATINE / ARLINGTON HEIGHTS CORRIDOR W/QUICK ACCESS TO 53/355, MULTIPLE METRA AND DOWNTOWN LOCATIONS, GROWING NUMBERS OF BUSINESS, RESTAURANTS, AND SHOPS, AND QUICKLY INCREASING RENTS. 5 X 2 BEDROOM 1 BATH / 1 X 1 BEDROOM 1 BATH / TENANTS PAY HEAT & ELECTRIC / ASSOC. COVERS LANDSCAPING, SNOW REMOVAL, SCAVENGER, LAWN CARE AND EXTERIOR MAINTENANCE. NEW ROOF BEING PUT ON THIS MONTH / NEW CARPETING AND PAINT IN THE HALLWAYS / VARIOUS UPDATES IN THE UNITS - LONG TIME TENANTS (SOME AS FAR BACK AS 2002). / WASHER + DRYER LEASED OFFERING EXTRA INCOME. AGENT RELATED TO SELLER.

Last Agent to Sell the Property

Mario Bilotas

Four Daughters Real Estate License #471016608 Listed on: 04/24/2019

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Basement

  • Crawl Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System

Community Details

  • Insurance Expense $2,208
  • Manager Expense $3,120

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 49716
  • Outdoor Parking: 6-12 Spaces, Paved
  • Owners Assoc: Yes
  • Roof Coverings: Shingle Composition
  • Total Annual Exp: 12948
  • Total Annual Income: 62664
  • Total Monthly Income: 5222
  • Unincorporated: Yes
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1982
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1982

Interior Features

  • Basement: Crawl

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: Frontage Road

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve, Window Unit/s
  • Heatventilation: Central Heat/Indiv Controls, Electric
  • Water Expense: 4200

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Manager Expense: 3120

Fee Information

  • Electricity Expense: 1020
  • Electrical Service: Circuit Breakers, Over 600 Amps
  • Janitor Expense: 200

Lot Info

  • Lot Dimensions: 56X43
  • Lot Sq Ft: 2409
  • Parcel Identification Number: 02122060880000

Rental Info

  • Gross Rental Income: 62664
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 2208
  • Number Of Dishwashers: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 13455

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $561,000 0.0% --
05/03/2019 05/03/19 Pending -- -- --
04/30/2019 04/30/19 Off Market $561,000 -- --
04/24/2019 04/24/19 For Sale $575,000 -- --
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: MRD10354436

Midwest Real Estate Data (MRED)