NOT LISTED FOR SALE

1636 S Mannheim Rd Westchester, IL 60154

8 Beds
5 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold February 12, 2024

Last sale price $524,000

3 Days on Market

Highlights

  • Two Heating Systems
  • Heating System Uses Steam
  • Paved or Partially Paved Lot

About This Home

As of February 2024

Welcome to a prime investment opportunity in Westchester, IL! This charming 3-unit brick building boasts a full finished basement and six dedicated parking spaces at the rear, providing convenience for residents. The sizable units are a standout feature of this property. The first and second-floor residences each offer three bedrooms and 1.5 baths, and they are currently leased, ensuring a steady income stream. These units have recently undergone updates, including hardwood floors, new window air conditioners, spacious kitchens, and dining areas, enhancing the overall appeal. The garden unit, recently renovated with a new kitchen and appliances, presents an attractive and modern space for potential tenants. Currently vacant, this unit is ready for a new owner to either rent it out for additional income or move in and enjoy living rent-free. Residents will appreciate the comfort and style of these well-maintained living spaces. Location is key, and this property is strategically situated near the library, schools, expressways, and the Oak Brook shopping center. It's an ideal location for tenants seeking both convenience and accessibility. Investors will find this property particularly attractive, considering the current lease agreements and the potential for increased income. Take note of the coin laundry facility located in a separate section of the basement, providing an additional income stream for savvy investors. Recent updates, such as a new wooden fence and a new GFA furnace in the basement, 2nd floor unit was updated with refinished hardwood floors in all the rooms, and tiled flooring in the kitchen that contribute to the property's overall appeal and value. Don't miss out on this fantastic investment opportunity. Schedule your appointment today to explore the potential of this Legal 3-unit rental building in Westchester, IL. The City of Westchester compliance certificate can be found in "Additional information", there are no repairs required by the City.

Last Agent to Sell the Property

Juan F. Garcia

HomeSmart Realty Group License #475101432 Listed on: 12/26/2023

HomeSmart Realty Group

Last Buyer's Agent

Alonso Chavez

Re/Max In The Village License #475189903

Re/Max In The Village

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,111

Year Built

  • Built in 1969

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 49x106
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Westchester Primary Elementary School
  • Westchester Intermediate School
  • Proviso West High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,111

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1969
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 2

Exterior Features

  • List Price: 520000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam, Sep Heating Systems - 2+
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Westchester Primary School
  • High School: Proviso West High School
  • Middle/Junior School: Westchester Intermediate School
  • Middle/Junior School District: 92.5
  • Junior High/Middle School #2: Proviso Mathematics and Science Academy
  • Junior High/Middle School #2: Westchester Middle School

Lot Info

  • Additional Parcels Description: 15204080360000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.06
  • Lot Dimensions: 49X106
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9110.58
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

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 Prior Sale
02/12/2024 02/12/24 Sold $524,000 +0.8% --
12/30/2023 12/30/23 Pending -- -- --
12/26/2023 12/26/23 For Sale $520,000 +20.9% --
11/23/2022 11/23/22 Sold $430,000 -2.3% -- View Prior Sale
09/28/2022 09/28/22 For Sale $440,000 0.0% --
09/15/2022 09/15/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $440,000 -2.2% --
08/09/2022 08/09/22 For Sale $450,000 +141.8% --
02/24/2016 02/24/16 Sold $186,100 +3.4% -- View Prior Sale
01/25/2016 01/25/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $179,900 -- --
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: 11951395

Midwest Real Estate Data (MRED)