NOT LISTED FOR SALE

1705 W Dennis Dr Mount Prospect, IL 60056

9 Beds
6 Baths
5,001 Sq Ft
2,569 Sq Ft Lot

Last Sold April 04, 2022

Last sale price $700,500 $140 Per Sq Ft

13 Days on Market

About This Home

As of April 2022

Prime investment location near I90 and O'Hare. Fully rented 6 flat with recent improvements that include: New roof in 2019, new boiler in 2017, and all top floor windows and frames in 2019, new water heater 2021. Three two bedroom units and three one bedroom units. Owned laundry. End unit building. Association fee of $215/mo covers snow removal, landscaping and parking lot maintenance.

Last Agent to Sell the Property

Matt Hernacki

MisterHomes Real Estate License #471000354 Listed on: 01/19/2022

MisterHomes Real Estate

Last Buyer's Agent

Joeluke Chirayil

Achieve Real Estate Group Inc License #475189979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,558

Year Built

  • Built in 1979

Lot Details

  • 2,569 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,001 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include parking, lawn care, snow removal
  • 6 Units

Building Details

  • Electric Expense $417
  • Fuel Expense $3,380
  • Insurance Expense $2,017
  • Other Expense $3,180
  • Trash Expense $1,114
  • Water Sewer Expense $5,960
  • Operating Expense $29,166
  • Gross Income $69,240
  • Net Operating Income $40,074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,558

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • List Price: 725000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Gas,Hot Water,Baseboard

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Lawn Care, Snow Removal
  • Trash Expense: 1114
  • Water Sewer Expenses: 5960
  • Janitor Expense: 540
  • Operating Expense Includes: Advertising,Association

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 2569
  • Lot Size Sq Ft: 2569
  • Zoning: MULTI

Rental Info

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

Building Info

  • BuildingAreaTotal: 5001

Multi Family

  • Net Operating Income: 40074
  • Fuel Expense: 3380
  • Insurance Expense: 2017
  • ElectricExpense: 417
  • GrossIncome: 69240
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29166
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12558
  • Tax Year: 2020

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $700,500 -3.4% $140 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $725,000 -- $145 / Sq Ft
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: 11307940

Midwest Real Estate Data (MRED)