NOT LISTED FOR SALE

1650 Harbor Ave Calumet City, IL 60409

11 Beds
6 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $297,500

112 Days on Market

About This Home

As of December 2020

Kiser Group is pleased to present 1650 Harbor Ave. This well maintained 6-Unit Building is Fully Occupied with outstanding tenants. The buildings consists of five (5)- 2 Bedroom Units and One (1) 1 bedroom units. All of the units have their own furnace/AC units and water heaters. Tenants pay gas and electric. Recent capital improvements include: 4 units have remodel tubs, all units have new water heaters, 4 units have new Pella sliding doors installed within the last 12 months, and all wooden decks have been rebuilt. THIS PROPERTY IS APART OF A PORTFOLIO AND MUST BE SOLD WITH 75 OGLESBY IN CALUMET CITY, IL. (MLS #10784285) Please see Offering Memorandum in "Additional Information" tab for more information.

Last Agent to Sell the Property

Jimal Gilbert

Diamond Rock Partners LLC License #475172046 Listed on: 07/16/2020

Diamond Rock Partners LLC

Last Buyer's Agent

Egle Vasiliauskiene

Amber Realty Inc. License #471004418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,083

Year Built

  • Built in 1978

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $420
  • Insurance Expense $1,550
  • Other Expense $1,200
  • Trash Expense $2,100
  • Water Sewer Expense $1,440
  • Operating Expense $21,773
  • Gross Income $58,440
  • Net Operating Income $37,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,083

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 307500

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Separate Per Unit

Fee Information

  • Trash Expense: 2100
  • Water Sewer Expenses: 1440
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 60X120
  • Alternate Phone Number: (773) 293-5003

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 37027
  • Insurance Expense: 1550
  • ElectricExpense: 420
  • GrossIncome: 58440
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 21773
  • Expense Year: 2019
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15083
  • Tax Year: 2019

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 Change Sq Ft Price
03/31/2021 03/31/21 Off Market $297,500 -- --
12/30/2020 12/30/20 Sold $297,500 -3.3% --
11/05/2020 11/05/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $307,500 -- --
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: 10784112

Midwest Real Estate Data (MRED)