$2,395,000
SOLD OCT 30, 2025
-- Bed
-- Bath
13,568 Sq Ft
0.77 Acres

Recently Sold

$177 Per Sq Ft

5 Days on Market

Highlights

  • 0.77 Acre Lot
  • Corner Lot
  • Heating Available

About This Home

As of October 2025

16 unit multifamily building with 15 units offering a 2 bed/1 bath arrangement and 1 unit offering a 1 bed/1 bath arrangement. On-site coin operated laundry offering 2 washers/2 dryers leased by WASH with six years remaining on lease agreement. All units have been updated in past five years with new shower surrounds, flooring, lighting, window treatments, appliances, air conditioners, and most heating elements replaced. Parking lot replaced in 2019. Mansard Roof replaced in 2020. Fencing around property replaced in 2023. All residents receive two parking stalls reserved (except from one bedroom). Residents only responsible for electric bill as water bill is included and no gas services property. Building backs to Gilman bike path. Minutes from I88 expressway and new casino being built next to Premium Outlet Mall. All apartments on 12-24 month leases at this time.

Last Agent to Sell the Property

SEAN MORRISSEY

Chicagoland Realty Group Partners LLC License #471001461 Listed on: 09/02/2025

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,888

Year Built

  • Built in 1974

Lot Details

  • 0.77 Acre Lot
  • Lot Dimensions are 176.67 x 138.38
  • Corner Lot

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 13,568 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $1,159
  • Insurance Expense $11,660
  • Maintenance Expense $3,667
  • Other Expense $2,950
  • Trash Expense $3,983
  • Water Sewer Expense $21,168
  • Operating Expense $63,557
  • Gross Income $217,105
  • Net Operating Income $171,003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,888

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Possible Use: Multi-Family
  • Fire Protection: Fire Extinguisher/s,Hydrants On Site,Smoke or Fire Protectors
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 16
  • Ranges: 16
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood, Shingle Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Roof Structure: Mansard,Pitched

Garage/Parking

  • Outdoor Parking: 31-50 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 3983
  • Water Sewer Expenses: 21168
  • Operating Expense Includes: Maintenance Grounds

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.77
  • Lot Dimensions: 176.67 X 138.38
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 13568
  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 171003
  • Insurance Expense: 11660
  • ElectricExpense: 1159
  • GrossIncome: 217105
  • Maintenance Expense: 3667
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 63557
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 30888
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2025
Closed on
Oct 20, 2025
Sold by
1655 Felten Road Llc
Bought by
1655 Felton Llc
Seller's Agent
SEAN MORRISSEY
Chicagoland Realty Group Partners LLC
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$2,395,000
Sold Price
$2,395,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-93.06%
Original Mortgage
$1,650,000
Outstanding Balance
$1,650,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$88,738

Purchase Details

Closed on
Jun 23, 2020
Sold by
Clpm Series Of Sean Morrissey Llc
Bought by
1655 Felten Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2018
Sold by
T And S Investment Properties Llc
Bought by
Clpm Seris Of Sean Morrissey Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2011
Sold by
Mb Financial Bank N A
Bought by
Bcb Development I Llc

Purchase Details

Closed on
Sep 26, 2011
Sold by
Chavez Juan
Bought by
Mb Financial Bank N A

Purchase Details

Closed on
Oct 31, 2001
Sold by
Delta Capital Llc
Bought by
Chavez Juan and Chavez Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2001
Sold by
Trautman George E
Bought by
Delta Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1994
Sold by
Galena Capital Inc
Bought by
Trautman George E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
8.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Warranty Deed $870,000 Attorney
Quit Claim Deed -- None Available
Sheriffs Deed -- None Available
Warranty Deed $800,000 First American Title Co
Warranty Deed $600,000 Law Title Insurance Co Inc
Warranty Deed $515,000 Law Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,650,000 New Conventional
Previous Owner $1,140,000 Commercial
Previous Owner $696,000 Commercial
Previous Owner $742,500 Commercial
Previous Owner $600,000 Commercial
Previous Owner $448,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 Sold $2,395,000 0.0% $177 / Sq Ft
09/07/2025 09/07/25 Pending -- -- --
09/02/2025 09/02/25 For Sale $2,395,000 -- $177 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $30,888 $443,208 $43,208 $400,000
2023 $32,518 $428,686 $38,606 $390,080
2022 $27,940 $361,906 $35,224 $326,682
2021 $27,642 $336,939 $32,794 $304,145
2020 $26,468 $312,966 $30,461 $282,505
2019 $25,990 $289,971 $28,223 $261,748
2018 $25,740 $277,791 $26,106 $251,685
2017 $23,246 $232,755 $24,054 $208,701
2016 $23,694 $220,953 $20,619 $200,334
2015 -- $190,761 $17,731 $173,030
2014 -- $176,649 $16,295 $160,354
2013 -- $176,321 $17,301 $159,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12460277

Midwest Real Estate Data (MRED)

APN: 15-12-256-015