NOT LISTED FOR SALE

Estimated Value: $1,405,026 - $1,619,000

9 Beds
9 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold September 27, 2019

Last sale price $915,000

Est. 65% increase in value since last sale

Current estimated payment $10,789/month

52 Days on Market

About This Home

As of September 2019

9 residential units in Prime downtown Highland Park location. High density property with 9 outdoor parking spaces. This property has multiple options: 1 Continue to collect current rent. Apartments are clean in an easy rent location. 2. Remodel apartments and raise rents. 3. Redevelop with high RO zoning. Front building is a pre war 4 unit apartment building with common entrance and hallways. The back building has California style apartments and was built in 1972. Each back apartment has its own entrance and pays their own heat. Common outdoor patio area between the two buildings. Dont miss this opportunity to own a significant property in a great location!

Last Listed By

Ted Nash

Jameson Sotheby's Intl Realty Listed on: 05/14/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,390

Year Built

  • 1972

Lot Details

  • 10,454

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $3,145
  • Insurance Expense $9,499

Listing and Financial Details

  • Tenant pays for electric, heat
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,390

Year Built

1972

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 63234
  • Outdoor Parking: 6-12 Spaces, Assigned Spaces, Open, Paved
  • Scavenger Expense: 1259
  • Total Annual Exp: 39186
  • Total Annual Income: 102420
  • Total Monthly Income: 8535
  • Number of Ranges: 9
  • Number Of Refrigs: 9
  • Number Of Stories: 2
  • Estimated Year Built: 1972
  • Type Multi Family: Corridor-Exterior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1972

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.24
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 9

Utilities

  • Heatventilation: Central Bldg Heat, Separate Per Unit
  • Water Expense: 408

Condo/Co-op/Association

  • Units in Building: 9

Fee Information

  • Electricity Expense: 295

Lot Info

  • Lot Dimensions: 75X140
  • Lot Sq Ft: 10500
  • Parcel Identification Number: 16233200280000

Rental Info

  • Gross Rental Income: 102420
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2018
  • Fuel Expense: 3145
  • Gross Rent Multiplier: 12
  • Insurance Expense: 9499
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: $25,355

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Sep 16, 2019
Sold by
Chicago Title Land Trust Company
Bought by
A Squared Property Investments Llc
Seller's Agent
Ted Nash
Jameson Sotheby's Intl Realty
Buyer's Agent
Linda Levin
Jameson Sotheby's Intl Realty
List Price
$1,250,000
Sold Price
$915,000
Premium/Discount to List
-$335,000
-26.8%
Total Days on Market
52
Current Estimated Value
$1,512,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$597,013
Avg. Annual Appreciation
9.30%
Original Mortgage
$900,000
Interest Rate
4.95%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 8, 1999
Sold by
Seftenberg Stephen L
Bought by
American National Bk & Tr Co Of Chicago and Trust #60094505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.94%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
A Squared Property Investments Llc $915,000 Chicago Title
American National Bk & Tr Co Of Chicago -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A Squared Property Investments $50,000
Open A Squared Propcrty Investments Llc $937,500
Closed A Squared Property Investments Llc $900,000
Previous Owner Chicago Title Land Trust Co $410,000
Previous Owner Lasalle Bank National Assn $350,000
Previous Owner American National Bk & Tr Co Of Chicago $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $915,000 -20.4% --
07/05/2019 07/05/19 Pending -- -- --
06/10/2019 06/10/19 Price Changed $1,150,000 -8.0% --
05/14/2019 05/14/19 For Sale $1,250,000 -- --
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
2023 $28,390 $323,634 $152,888 $170,746
2022 $28,544 $316,973 $167,955 $149,018
2021 $26,336 $306,402 $162,354 $144,048
2020 $25,483 $306,402 $162,354 $144,048
2019 $24,619 $304,969 $161,595 $143,374
2018 $24,968 $327,691 $106,157 $221,534
2017 $24,579 $325,802 $105,545 $220,257
2016 $23,726 $310,170 $100,481 $209,689
2015 $23,040 $288,182 $93,358 $194,824
2014 $25,236 $308,226 $94,538 $213,688
2012 $24,519 $310,025 $95,090 $214,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10382443

Midwest Real Estate Data (MRED)

APN: 16-23-320-028