NOT LISTED FOR SALE

Estimated Value: $666,000 - $1,135,408

40 Beds
21 Baths
-- Sq Ft
0.25 Acres

Last Sold May 18, 2020

Last sale price $445,000

Est. 82% increase in value since last sale

Current estimated payment $5,494/month

4 Days on Market

About This Home

As of May 2020

Well cared for building with 5-2 bedroom units & 1-1 bedroom unit.Unit numbers corresponds to # of unit in info section & rent amount for each unit. Expenses listed are owner actual. The building next door at 1862 is also for sale and owner would like to sell together. The boiler heating system has been updated.

Last Agent to Sell the Property

Jeff Kellenberger

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

Last Buyer's Agent

Jayesh Parekh

Charles Rutenberg Realty of IL License #475149245

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,462

Year Built

  • 1969

Lot Details

  • 0.25

Home Design

  • Slab Foundation
  • Aluminum Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $2,498
  • Insurance Expense $2,956

Listing and Financial Details

  • Tenant pays for electric
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,462

Year Built

1969

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: 33982
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1050
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 1829
  • Total Annual Exp: 17780
  • Total Annual Income: 63550
  • Total Monthly Income: 5210
  • Unincorporated: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1969
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1969

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding
  • Acreage: 0.25
  • Construction: Wood Frame

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Carbon Monoxide Detector(s)
  • Heatventilation: Gas, Hot Water
  • Water Expense: 3588

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 459
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1030

Lot Info

  • Lot Dimensions: 70X158
  • Lot Sq Ft: 11190
  • Parcel Identification Number: 0609227007

Rental Info

  • Gross Rental Income: 62520
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 2498
  • Insurance Expense: 2956
  • Other Expenses: 1475
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 11788

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2015
Sold by
Ophus Thomas H and Ophus Nancy
Bought by
Getz Family Trust and Gorell Getz Lisel M
Current Estimated Value
$809,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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 20, 1999
Sold by
Hilbrich Patrick J and Hilbrich Debra L
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
$229,600
Interest Rate
8.12%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $287,000 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 $229,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 -- --
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 $14,462 $180,716 $35,607 $145,109
2023 $13,917 $163,263 $32,168 $131,095
2022 $12,909 $148,868 $29,332 $119,536
2021 $12,417 $139,181 $27,423 $111,758
2020 $12,118 $132,869 $26,179 $106,690
2019 $11,821 $126,566 $24,937 $101,629
2018 $11,788 $119,233 $23,492 $95,741
2017 $12,333 $119,912 $23,625 $96,287
2016 $12,923 $121,171 $21,918 $99,253
2015 -- $108,414 $20,090 $88,324
2014 -- $115,321 $19,842 $95,479
2013 -- $118,363 $20,365 $97,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10647004

Midwest Real Estate Data (MRED)

APN: 06-09-227-007