NOT LISTED FOR SALE

180 E Lorraine Ave Addison, IL 60101

6 Beds
4 Baths
-- Sq Ft
1961 Built

Last Sold September 28, 2021

Last sale price $414,500

21 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of September 2021

Fantastic investment opportunity w/ Good income. MAINTENANCE FREE, ALL BRICK 4 unit bldg w/8 parking spaces. TENANTS PAY FOR HEAT AND ELECTRIC. Each unit with its own furnace and hot water boiler. Lots of updates including 3 newer furnaces windows, storm doors, water tanks, laminate floors, countertops/Cabinets/Bath Sinks, appliances. Roof is three years old. Nothing to do, just collect rent. Great, long term tenants.

Last Agent to Sell the Property

Elizabeth Sidorowicz

RE/MAX Premier License #471013955 Listed on: 07/12/2021

RE/MAX Premier

Last Buyer's Agent

Vic Singh

Pathfinder Realty LLC License #471007034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,864

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 90 x140
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Side or Rear Entrance to Parking
  • Driveway
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Assigned Parking

Schools

  • Fullerton Elementary School
  • Indian Trail Junior High School
  • Addison Trail High School

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Water Sewer Expense $167

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,864

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1961
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Driveway, Parking Lot, Rear/Side Entry
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 167

Schools

  • Elementary School: Fullerton Elementary School
  • High School: Addison Trail High School
  • Middle/Junior School: Indian Trail Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90 X140
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Insurance Expense: 1200
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8863.5
  • Tax Year: 2020
  • Tax Exemptions: None
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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
09/28/2021 09/28/21 Sold $414,500 -3.5% --
08/03/2021 08/03/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $429,500 -- --
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 $10,732 $152,270 $60,906 $91,364
2023 $10,305 $139,980 $55,990 $83,990
2022 $9,460 $128,450 $51,380 $77,070
2021 $9,087 $123,030 $49,210 $73,820
2020 $8,864 $117,850 $47,140 $70,710
2019 $8,824 $113,320 $45,330 $67,990
2018 $8,231 $101,400 $40,560 $60,840
2017 $8,044 $96,910 $38,760 $58,150
2016 $7,875 $89,480 $35,790 $53,690
2015 $7,727 $82,660 $33,060 $49,600
2014 $5,277 $56,090 $14,020 $42,070
2013 $5,162 $57,240 $14,310 $42,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11152721

Midwest Real Estate Data (MRED)