NOT LISTED FOR SALE

1620 N 31st Ave Melrose Park, IL 60160

5 Beds
8 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold July 14, 2016

Last sale price $280,000

9 Days on Market

About This Home

As of July 2016

Great Value for the Sharp Investor! This Building Consists of 4 Studios,3 - 1 Bedroom units and 1- 2 bedroom unit.. Rents are at Below average ..much potential..Baseboard Heat with 1 Central Boiler..Window A/C only. 1 Hot Water Tank 75-100 Gallon.All city sewer and water with on-site Parking..Fully Rented Also Available Building next door which is a 6 Unit all 1 Bedroom units...Package them together....for a total of 14 UNITS!!!

Last Agent to Sell the Property

Michael Giliano

Compass License #475135259 Listed on: 05/16/2016

Compass

Co-Listed By

Patrick Fraticola

Berkshire Hathaway HomeServices Chicago License #475126659

Last Buyer's Agent

Eric Johnson

eXp Realty License #471007041

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 5,227

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $2,800
  • Insurance Expense $2,700

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 23853
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Membrane, Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 800
  • Total Annual Exp: 35062
  • Total Annual Income: 60900
  • Total Monthly Income: 5075
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 2
  • Estimated Year Built: 1965
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1965

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.12
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Gas, Hot Water, Baseboard
  • Water Expense: 3500

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 2000
  • Electrical Service: Circuit Breakers, 0-100 Amps
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 52X134
  • Lot Sq Ft: 7109
  • Parcel Identification Number: 15042060240000

Rental Info

  • Gross Rental Income: 60900
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 2800
  • Gross Rent Multiplier: 8
  • Insurance Expense: 2700
  • Other Expenses: 5892

Tax Info

  • Taxes: 10592

Range of Values:

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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 List to Sale Price per Sq Ft
07/14/2016 07/14/16 Sold $280,000 -14.9% --
05/25/2016 05/25/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $329,000 -- --
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: MRD09228013

Midwest Real Estate Data (MRED)