NOT LISTED FOR SALE

1853 183rd St Homewood, IL 60430

Estimated Value: $250,000 - $429,000

8 Beds
4 Baths
-- Sq Ft
6,882 Sq Ft Lot

Last Sold August 10, 2018

Last sale price $227,000

Est. 44% increase in value since last sale

Current estimated payment $2,495/month

77 Days on Market

About This Home

As of August 2018

3 Units in Homewood. This is a 12 Cap in an area with award winning schools. High return and low risk equals Rare Opportunity. Seller says sell. Time to retire and move out of state. The lot includes a 4 bed 2 bath house Plus a 2 flat that has 2 bed 1 bath units. House basement includes laundry and storage. Could be coin op for more $. Owner only pays trash, lawn, snow, and a 35% portion of the house water bill, all other utilities are paid by tenants. House updated with new kitchen and bath in 2017, Bottom 2 flat unit updated 2016, Top 2 flat unit in 2015. High efficiency boiler in house, Carrier furnaces in 2 flat, new water heaters in both! LED Security lights, sump pump installed with lifetime warranty on basement drainage system. Requires 25% down conv loan. Talk to your agent for more details.

Last Agent to Sell the Property

Mark Groble

Team GT PLLC License #471006030 Listed on: 03/26/2018

Last Buyer's Agent

Kimberly Litke

Baird & Warner License #475163405

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,932

Year Built

  • Built in 1904 | Remodeled in 2016

Lot Details

  • Lot Dimensions are 80x126
  • Additional Parcels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Visitor Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price

Schools

  • Willow Elementary School
  • James Hart Middle School
  • Homewood-Flossmoor High School

Additional Features

  • Porch
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $47,160
  • Net Operating Income $43,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,932

Year Built

Built in 1904 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 239000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Block

Garage/Parking

  • Parking Features: Off Alley, Off Street, Visitor Parking
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 4056

Schools

  • Elementary School: WILLOW SCHOOL
  • High School: HOMEWOOD-FLOSSMOOR HIGH SCHOOL
  • Middle/Junior School: JAMES HART SCHOOL
  • Middle/Junior School District: 153
  • Junior High/Middle School #2: MILLENNIUM SCHOOL
  • Elementary School #2: WINSTON CHURCHILL SCHOOL

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 80X126
  • Zoning: LNC
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 43104
  • GrossIncome: 47160
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9932
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2024
Sold by
Trust Number 30194 and Marquette Bank
Bought by
Washington Erica
Current Estimated Value
$325,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,465
Outstanding Balance
$405,761
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$69,030

Purchase Details

Listed on
Mar 26, 2018
Closed on
Aug 8, 2018
Sold by
Balanow Leo T and Balanow Kathleen T
Bought by
Marquette Bank and Trust Number 30194
Seller's Agent
Mark Groble
Team GT PLLC
Buyer's Agent
Kimberly Litke
Baird & Warner
List Price
$249,000
Sold Price
$227,000
Premium/Discount to List
-$22,000
-8.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$150,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2000
Sold by
Verkler Diane L and Verkler Rydzewski Diane L
Bought by
Balanow Leo Thomas and Blozy Kathleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
7.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Washington Erica $416,000 None Listed On Document
Marquette Bank $227,000 Attorney
Balanow Leo Thomas $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Erica $408,465
Previous Owner Marquette Bank $150,000
Previous Owner Balanow Leo Thomas $100,000
Previous Owner Balanow Leo Thomas $50,000
Previous Owner Balanow Leo Thomas $160,000
Previous Owner Balanow Leo Thomas $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $227,000 -5.0% --
06/11/2018 06/11/18 Pending -- -- --
05/15/2018 05/15/18 Price Changed $239,000 -1.2% --
04/26/2018 04/26/18 Price Changed $242,000 -2.8% --
03/26/2018 03/26/18 For Sale $249,000 -- --
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 $8,679 $21,001 $3,438 $17,563
2023 $9,635 $21,001 $3,438 $17,563
2022 $9,635 $18,625 $2,922 $15,703
2021 $8,985 $18,624 $2,921 $15,703
2020 $8,728 $18,624 $2,921 $15,703
2019 $8,527 $17,555 $2,578 $14,977
2018 $7,253 $18,872 $2,578 $16,294
2017 $10,739 $26,172 $2,578 $23,594
2016 $9,443 $22,082 $2,406 $19,676
2015 $9,314 $22,082 $2,406 $19,676
2014 $9,165 $22,082 $2,406 $19,676
2013 $7,723 $20,498 $2,406 $18,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09896191

Midwest Real Estate Data (MRED)

APN: 32-06-202-019-0000