NOT LISTED FOR SALE

1674 Downs Dr Calumet City, IL 60409

11 Beds
6 Baths
6,093 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: September 23, 2022

Last sale price $331,000 $54 Per Sq Ft

5 Days on Market

About This Home

As of September 2022

Looking for your next turn-key investment property? Then you won't want to miss this positive cash-flowing 6 unit! Fully occupied with long-term tenants that want to remain. 5 two-bedroom apartments and 1 one-bedroom. Coin laundry facility for additional income. Schedule your private tour today! Calumet City inspection has been completed w/in last 30 days.

Last Agent to Sell the Property

Kristina Fleischman

Village Realty Inc License #475193009 Listed on: 07/29/2022

Village Realty Inc

Co-Listed By

Barbara Fleischman

Village Realty Inc License #475137888

Last Buyer's Agent

Shawn Clark

ANCHOR REALTY PARTNERS LLC License #475191992

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,741

Year Built

  • Built in 1976

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 60 x 125

Home Design

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

Interior Spaces

  • 6,093 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $420
  • Fuel Expense $6,600
  • Insurance Expense $1,900
  • Maintenance Expense $500
  • Other Expense $500
  • Trash Expense $300
  • Water Sewer Expense $1,200
  • Operating Expense $24,000
  • Gross Income $62,940
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,741

Year Built

Built in 1976

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Basement Description: None
  • Fire Protection: Alarm On Site,Partially Sprinklered
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Separate Meters
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 300
  • Water Sewer Expenses: 1200
  • Operating Expense Includes: Maintenance Grounds,Maintenance Structure,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 60 X 125
  • Lot Size Sq Ft: 7500
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6093

Multi Family

  • Net Operating Income: 10800
  • Fuel Expense: 6600
  • Insurance Expense: 1900
  • ElectricExpense: 420
  • GrossIncome: 62940
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24000
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 15740.8
  • Tax Year: 2020
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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
09/23/2022 09/23/22 Sold $331,000 +3.4% $54 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $320,000 +60.0% $53 / Sq Ft
10/13/2016 10/13/16 Sold $200,000 -6.5% -- View Prior Sale
06/23/2016 06/23/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $214,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $20,607 $21,837 $3,375 $18,462
2024 $20,607 $21,837 $3,375 $18,462
2023 $18,332 $33,000 $3,375 $29,625
2022 $18,332 $23,159 $3,000 $20,159
2021 $17,267 $23,158 $3,000 $20,158
2020 $15,741 $23,158 $3,000 $20,158
2019 $14,764 $20,000 $2,812 $17,188
2018 $14,702 $20,000 $2,812 $17,188
2017 $14,092 $20,000 $2,812 $17,188
2016 $15,292 $22,922 $2,625 $20,297
2015 $14,935 $22,922 $2,625 $20,297
2014 $14,535 $22,922 $2,625 $20,297
2013 $13,610 $22,915 $2,625 $20,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11478044

Midwest Real Estate Data (MRED)
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