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

Sale Details

Date Sold: June 8, 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
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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

3,330 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 30, 2023
Sold by
Bought by
Seller's Agent
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
Buyer's Agent
Anita Ortega
eXp Realty
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Outstanding Balance
$381,087
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,024,000
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 31, 1995
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Maywood, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$440,000 None Listed On Document
$325,000 First American Title
$345,000 Freedom Title Corporation
-- --
$141,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $396,000
Previous Owner $520,000
Previous Owner $1,024,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11733732

Midwest Real Estate Data (MRED)
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