NOT LISTED FOR SALE
7 Beds
5 Baths
3,599 Sq Ft
3,330 Sq Ft Lot

Last Sold June 08, 2023

Last sale price $440,000 $122 Per Sq Ft

31 Days on Market

About This Home

As of June 2023

Turn-key investment opportunity and ready for immediate cash flow! Five-unit apartment property located at 1817 South 14th Avenue in Broadview. Unit mix is comprised of 4 one-bedroom units and 1 three-bedroom unit. Property features on-site laundry and designated tenant storage. Convenient access to Interstate 290, Route 171, and Pace Bus Stops. Close proximity to numerous retail and dining options. Available individually or as a portfolio with five-unit property at 2036 South 13th Avenue in Broadview.

Last Agent to Sell the Property

Emily Habich

Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 03/09/2023

Last Buyer's Agent

Anita Ortega

eXp Realty License #475205448

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,115

Year Built

  • Built in 1962

Lot Details

  • 3,330 Sq Ft Lot

Interior Spaces

  • 3,599 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $332
  • Fuel Expense $3,865
  • Insurance Expense $1,500
  • Maintenance Expense $1,750
  • Manager Expense $2,798
  • Other Expense $1,750
  • Trash Expense $1,800
  • Water Sewer Expense $2,004
  • Operating Expense $26,913
  • Gross Income $57,036
  • Net Operating Income $29,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,115

Year Built

Built in 1962

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: 2
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Possible Use: Multi-Family
  • Room: 0

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Manager Expense: 2798
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 2004

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 3,330 SF
  • Lot Size Sq Ft: 3330
  • Zoning: MULTI
  • Alternate Phone Number: (630) 570-2235

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3599

Multi Family

  • Net Operating Income: 29038
  • Fuel Expense: 3865
  • Insurance Expense: 1500
  • ElectricExpense: 332
  • GrossIncome: 57036
  • Maintenance Expense: 1750
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 26913
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10115
  • Tax Year: 2021
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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
06/08/2023 06/08/23 Sold $440,000 -7.4% $122 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $475,000 -- $132 / Sq Ft
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 $10,728 $39,000 $1,998 $37,002
2024 $10,728 $39,000 $1,998 $37,002
2023 $10,498 $39,000 $1,998 $37,002
2022 $10,498 $31,558 $1,582 $29,976
2021 $10,115 $31,556 $1,581 $29,975
2020 $9,856 $31,556 $1,581 $29,975
2019 $8,318 $24,134 $1,415 $22,719
2018 $8,054 $24,134 $1,415 $22,719
2017 $8,703 $26,436 $1,415 $25,021
2016 $7,594 $21,817 $1,248 $20,569
2015 $7,497 $21,817 $1,248 $20,569
2014 $7,290 $21,817 $1,248 $20,569
2013 $7,372 $23,917 $1,248 $22,669
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11733732

Midwest Real Estate Data (MRED)