NOT LISTED FOR SALE

Estimated Value: $442,663 - $688,000

41 Beds
21 Baths
-- Sq Ft
0.27 Acres

Last Sold May 18, 2020

Last sale price $445,000

Est. 27% increase in value since last sale

Current estimated payment $3,423/month

4 Days on Market

About This Home

As of May 2020

Very Active Listing-Owner is limiting showings to a few a day to avoid upsetting tenants. Next Showing will be Tuesday. I can schedule appts that day between 11-1. Brick 6 unit building with 7 garages, each garage has an electric door opener. Five-2 bedrooms units and One-1 bedroom unit. Coin laundry on-site is owned. Unit numbers corresponds to # of unit in info section & rent amount for each unit. Expenses listed are owner actual. The boiler is newer. The building next door at 1874 is also for sale and owner would like to sell together.

Last Agent to Sell the Property

Jeff Kellenberger

Preferred Homes Realty License #471000230 Listed on: 02/25/2020

Last Buyer's Agent

Jayesh Parekh

Kale Realty License #475149245

Kale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,050
  • Insurance Expense $2,956

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 41109
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 2175
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Scavenger Expense: 2613
  • Total Annual Exp: 21062
  • Total Annual Income: 62171
  • Total Monthly Income: 5110
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1968
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1968

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.27
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 7

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Carbon Monoxide Detector(s)
  • Heatventilation: Hot Water
  • Water Expense: 3090

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 340
  • Electrical Service: Circuit Breakers, Separate Meters
  • Janitor Expense: 1376

Lot Info

  • Lot Dimensions: 75X158
  • Lot Sq Ft: 11989
  • Parcel Identification Number: 0609227008

Rental Info

  • Gross Rental Income: 61320
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 3050
  • Insurance Expense: 2956
  • Other Expenses: 1425
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 11788.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2014
Closed on
Jun 24, 2015
Sold by
Ophus Thomas H and Ophus Nancy
Bought by
Getz Family Trust and Gorell Getz Lisel M
Seller's Agent
Jeff Kellenberger
Preferred Homes Realty
Buyer's Agent
Jeff Kellenberger
Preferred Homes Realty
List Price
$695,000
Sold Price
$665,500
Premium/Discount to List
-$29,500
-4.24%
Current Estimated Value
$566,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,834
Avg. Annual Appreciation
-1.53%
Original Mortgage
$370,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2009
Sold by
Getz Paul A and Gorell Getz Lisel
Bought by
Tridve Reralty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$783,997
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2000
Sold by
Moore Larry G and Moore Elizabeth M
Bought by
Ophus Thomas H and Ophus Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.62%

Purchase Details

Closed on
Nov 12, 1997
Sold by
Cib Bank
Bought by
Moore Larry G and Moore Elizabeth M

Purchase Details

Closed on
Feb 28, 1997
Sold by
Ramsey Kenneth R
Bought by
Cib Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Getz Family Trust $665,500 Attorney
Tridve Reralty Llc $890,000 None Available
Ophus Thomas H $320,000 --
Moore Larry G -- Chicago Title Insurance Co
Cib Bank -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Getz Family Trust $370,000
Previous Owner Tridve Reralty Llc $783,997
Previous Owner Ophus Thomas H $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2020 05/18/20 Sold $445,000 -1.1% --
02/29/2020 02/29/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $449,900 -32.4% --
07/31/2015 07/31/15 Sold $665,500 -4.2% -- View Prior Sale
05/05/2015 05/05/15 Pending -- -- --
06/11/2014 06/11/14 For Sale $695,000 -- --
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 $5,521 $68,983 $35,607 $33,376
2023 $14,653 $171,893 $32,168 $139,725
2022 $12,731 $156,737 $29,332 $127,405
2021 $13,074 $146,538 $27,423 $119,115
2020 $12,759 $139,893 $26,179 $113,714
2019 $12,446 $133,257 $24,937 $108,320
2018 $12,411 $125,536 $23,492 $102,044
2017 $12,985 $126,250 $23,625 $102,625
2016 $13,620 $127,705 $21,918 $105,787
2015 -- $114,229 $20,090 $94,139
2014 -- $121,064 $19,842 $101,222
2013 -- $124,257 $20,365 $103,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10647001

Midwest Real Estate Data (MRED)

APN: 06-09-227-008