NOT LISTED FOR SALE
4 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: November 9, 2017

Last sale price $225,000

9 Days on Market

Highlights

  • Sun or Florida Room
  • Willard Elementary School Rated A-
  • Ceiling Fan

About This Home

As of November 2017

Turnkey investment property in up-and-coming area of Evanston. 9.7% cap rate, 17.2% cash on cash return with realistic projected rents & expenses.* Entire building just rehabbed. Units ready for tenants to move in. Two 2 bed, 1 bath units with newer kitchen & baths, brand new appliances, new floors / carpet, mostly newer windows. All freshly painted. Laundry in basement as well as "in law" arrangement with 3 rooms & full bathroom.** Separatel utilities. Whole building newly tuck-pointed. Nothing to do but get it rented and start making money. Convenient for high school, grocery store & downtown Evanston. Sought after Willard Elementary school, Haven middle school. *Rents & expenses are projected--seller bought vacant building earlier this year. See Agent Remarks (or ask your agent) for more details. **Neither agent nor owner makes any representations as to the legality of the basement space.

Last Agent to Sell the Property

Christopher Gaggero

@properties Christie's International Real Estate License #475145490 Listed on: 10/04/2017

@properties Christie's International Real Estate

Co-Listed By

George Tully

@properties Christie's International Real Estate License #475162879

Last Buyer's Agent

Mohammed A Khan

Westward360 RM License #475138371

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,174

Year Renovated

  • 2017

Lot Details

  • Lot Dimensions are 40x59

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Willard Elementary School
  • Haven Middle School
  • Evanston Twp High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $30,000
  • Net Operating Income $25,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,174

Year Renovated

2017

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Sun Room
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 4400

Schools

  • Elementary School: WILLARD ELEMENTARY SCHOOL
  • High School: EVANSTON TWP HIGH SCHOOL
  • Middle/Junior School: HAVEN MIDDLE SCHOOL

Lot Info

  • Lot Dimensions: 40X59
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 25600
  • GrossIncome: 30000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3174
  • Tax Year: 2016
  • Tax Exemptions: None

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

Closed on
May 11, 2022
Sold by
Bought by

Purchase Details

Listed on
Oct 4, 2017
Closed on
Nov 2, 2017
Sold by
Bought by
Seller's Agent
Christopher Gaggero
@properties Christie's International Real Estate
Buyer's Agent
Mohammed A Khan
Westward360 RM
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,490
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2017
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2007
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
$275,674
Interest Rate
0.0647%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Listed On Document
$225,000 Greater Illinois Title
$108,420 Chicago Title
-- Attorney
$280,000 Cst
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
Closed $217,490
Closed $275,674
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
11/09/2017 11/09/17 Sold $225,000 -1.7% --
10/13/2017 10/13/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $229,000 -- --
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 $4,037 $39,000 $3,422 $35,578
2024 $4,037 $20,667 $2,832 $17,835
2023 $4,724 $24,433 $2,832 $21,601
2022 $4,724 $24,433 $2,832 $21,601
2021 $2,933 $14,381 $2,596 $11,785
2020 $2,953 $14,381 $2,596 $11,785
2019 $3,337 $17,673 $2,596 $15,077
2018 $2,617 $12,988 $2,124 $10,864
2017 $3,113 $15,042 $2,124 $12,918
2016 $3,175 $15,042 $2,124 $12,918
2015 $2,948 $13,618 $1,829 $11,789
2014 $2,935 $13,618 $1,829 $11,789
2013 $2,364 $13,618 $1,829 $11,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09768539

Midwest Real Estate Data (MRED)
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