NOT LISTED FOR SALE

17614 Rosewood Dr Lansing, IL 60438

26 Beds
14 Baths
15,654 Sq Ft
0.46 Acres

Last Sold July 20, 2016

Last sale price $635,000 $41 Per Sq Ft

127 Days on Market

Highlights

  • 0.46 Acre Lot
  • Storage Room
  • Forced Air Heating and Cooling System

About This Home

As of July 2016

Motivated Seller for this Diamond in the rough! Priced Reduced. Building is located on a corner double lot with two Pin #s. 2nd lot's PIN 292541120010000. Underground Sprinkler System. ALL ELECTRIC UNITS - TENANTS PAY ELECTRIC. Many Long Term Residents, so RENTS ARE LOW and can be raised the level of compairable units in the Lansing Market. Tenant detail available on request. Building Full except for One Vacant 3rd Floor 2 Bedroom. Owner's unit is a 3 Bedroom/2 Bath 2 story unit with a 2 car garage with storage unit. Capital Improvements - New Roof installed 2011. New Gutters and New Balcony Railings installed for 2nd and 3rd floors in 2014. Electric costs for 2015 includes 3 vacants. Only one vacant unit now! $5,000 Earnest Money Required.

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 01/19/2016

Co-Listed By

Bob Bogs

Bogs Management, Inc. License #475092603

Last Buyer's Agent

Kathleen McCanna

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,663

Year Built

  • Built in 1970

Lot Details

  • 0.46 Acre Lot
  • Additional Parcels

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 15,654 Sq Ft Home
  • 3-Story Property
  • Storage Room

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 14 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • 120/240V

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $5,289
  • Fuel Expense $2,644
  • Insurance Expense $8,258
  • Other Expense $2,190
  • Trash Expense $1,020
  • Water Sewer Expense $2,716
  • Operating Expense $38,338
  • Gross Income $76,844
  • Net Operating Income $38,506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,663

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 14
  • Total Bedrooms: 26
  • Basement Description: None
  • Misc Inside: Storage Inside
  • Fireplaces: 3
  • Drive-In Doors: 0
  • Dishwashers: 1
  • Refrigerators: 13
  • Ranges: 13
  • Number of Windows: 0
  • Number of Washers: 3
  • Room: 4
  • Room: 4
  • Room: 5

Exterior Features

  • Construction Materials: Brick
  • List Price: 644750
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies,Courtyard,Enclosed Stairs,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 13-18 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Over 600 Amps, Power - 120V
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1020
  • Water Sewer Expenses: 2716
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.46
  • Lot Dimensions: 58' X 152' & 52' X 152'
  • Lot Size Sq Ft: 17206
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Security Entrance,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 15654

Multi Family

  • Net Operating Income: 38506
  • Fuel Expense: 2644
  • Insurance Expense: 8258
  • ElectricExpense: 5289
  • GrossIncome: 76844
  • NumberOfUnitsTotal: 13
  • OperatingExpense: 38338
  • Expense Year: 2015
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 17663
  • Tax Year: 2014

Range of Values:

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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
07/20/2016 07/20/16 Sold $635,000 -5.9% $41 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $675,000 -- $43 / 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: 09120084

Midwest Real Estate Data (MRED)