NOT LISTED FOR SALE

Estimated Value: $339,000 - $562,000

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

Last Sold June 01, 2018

Last sale price $272,500

Est. 65% increase in value since last sale

Current estimated payment $3,316/month

12 Days on Market

About This Home

As of June 2018

ATTN INVESTORS: Well maintained 5 unit apartment building. Positive cash flow. Currently only 1 vacancy. All units have 4 rooms, 2 bedrooms and 1 bath. Tenants pay all utilities except heat and water. Rents low due to long timers. Coin operated washer and dryer in basement. Secure building with 7 parking spaces in rear.

Last Agent to Sell the Property

Tony Lombardo

Property Services Inc. License #471018011 Listed on: 02/19/2018

Co-Listed By

James Lombardo

Property Services Inc. License #471002916

Last Buyer's Agent

Steve Anderson

KCP Properties & Services LTD License #471019660

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,559

Year Built

  • 1970

Lot Details

  • 10,454

Utilities

  • Window Unit Cooling System

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $1,800
  • Insurance Expense $1,750

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,559

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 21667
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1100
  • Scavenger Expense: 2200
  • Total Annual Exp: 23409
  • Total Annual Income: 45076
  • Total Monthly Income: 3773
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1970
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1970

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Acreage: 0.24
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Air Conditioner: Window Unit/s
  • Fire Protection: Fire Extinguisher/s
  • Heatventilation: Gas, Hot Water, Baseboard
  • Water Expense: 1800

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1950

Lot Info

  • Lot Dimensions: 75X143
  • Parcel Identification Number: 04174010130000

Rental Info

  • Gross Rental Income: 44076
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 1800
  • Insurance Expense: 1750
  • Other Expenses: 1800
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 10409

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2023
Sold by
Mlp On Joppa Llc
Bought by
Joppa Apts Llc
Current Estimated Value
$450,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$180,469
Interest Rate
6.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Feb 19, 2018
Closed on
May 23, 2018
Sold by
Atg Trust Co
Bought by
Mlp On Joppa Llc
Seller's Agent
Tony Lombardo
Property Services Inc.
Buyer's Agent
Steve Anderson
KCP Properties & Services LTD
List Price
$300,000
Sold Price
$272,500
Premium/Discount to List
-$27,500
-9.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 1997
Sold by
Bank Of Waukegan
Bought by
The Northern Trust Bank/Lake Forest Na and Trust #9454
Source: Public Records

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
Joppa Apts Llc $285,000 None Listed On Document
Mlp On Joppa Llc $272,500 Chicago Title
The Northern Trust Bank/Lake Forest Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joppa Apts Llc $185,000
Previous Owner Laplaca Michael $780,000
Previous Owner Mlp On Joppa Llc $382,000
Previous Owner Mlp On Joppa Llc $382,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $272,500 -9.2% --
03/03/2018 03/03/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $300,000 -- --
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
2024 $10,559 $85,660 $15,854 $69,806
2023 $10,767 $76,373 $14,135 $62,238
2022 $10,767 $75,326 $13,956 $61,370
2021 $11,148 $70,662 $13,092 $57,570
2020 $10,931 $66,462 $12,314 $54,148
2019 $10,574 $61,912 $11,471 $50,441
2018 $10,926 $61,913 $11,471 $50,442
2017 $10,965 $57,433 $10,641 $46,792
2016 $10,409 $52,136 $9,660 $42,476
2015 $10,150 $47,306 $8,765 $38,541
2014 $10,730 $51,640 $9,450 $42,190
2012 $12,720 $54,995 $10,064 $44,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09862717

Midwest Real Estate Data (MRED)

APN: 04-17-401-013