NOT LISTED FOR SALE

188 E North Ave Addison, IL 60101

4 Beds
2 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: June 12, 2019

Last sale price $260,000

18 Days on Market

Highlights

  • 3 Car Detached Garage
  • Addison Trail High School Rated 9+
  • Forced Air Heating System

About This Home

As of June 2019

Fantastic investment opportunity to own this large 2 units building, fully rented with excellent cash flow. Each unit has 2 bedrooms and I bath. Additional space in the basement, perfect for laundry or storage. 3 Car garage for your parking needs. This is a corner building with a large open space. Low utilities expenses. Tenants pay their own electric and heat. Near restaurants, shopping, parks and schools. Convenient to expressways and Metra. Property is not located in the flood zone. No vacancy history. Long term tenants but with month to month rents . Must make 24 hours appointment. Agent will meet you at site. Owner only pays: annual utilities expenses: water, sewer and garbage =$1,500, Insurance=$1,200, Property tax =$5,028.

Last Agent to Sell the Property

Mitchel Gebczak

Berkshire Hathaway HomeServices Starck Real Estate License #475150722 Listed on: 04/17/2019

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Sabine French-Rolnick

Berkshire Hathaway HomeServices Chicago License #475179305

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,028

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 60 x189

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,028

Lot Details

0.25 Acres

Parking

3

Listing Details

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

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 60 X189
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5028.4
  • Tax Year: 2017

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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
Apr 17, 2019
Closed on
Jun 12, 2019
Sold by
Bought by
Seller's Agent
Mitchel Gebczak
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Sabine French-Rolnick
Berkshire Hathaway HomeServices Chicago
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Interest Rate
0.045%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2010
Sold by
Bought by

Purchase Details

Closed on
May 3, 2006
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
$285,000
Interest Rate
0.017%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2005
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
$231,920
Interest Rate
0.064%
Mortgage Type
Purchase Money Mortgage
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
$260,000 Attorney
$110,000 None Available
-- None Available
-- Residential Title Services
$290,000 Atg
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 $243,356
Closed $255,290
Closed $900,000
Closed $200,000
Closed $285,000
Closed $57,000
Closed $231,920
Closed $48,000
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
06/12/2019 06/12/19 Sold $260,000 -5.5% --
05/05/2019 05/05/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $275,000 -- --
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
2024 $7,784 $118,439 $45,100 $73,339
2023 $7,426 $108,880 $41,460 $67,420
2022 $6,897 $99,640 $37,780 $61,860
2021 $6,606 $95,440 $36,190 $59,250
2020 $6,424 $91,410 $34,660 $56,750
2019 $6,845 $87,900 $33,330 $54,570
2018 $5,168 $69,660 $25,850 $43,810
2017 $5,028 $66,580 $24,710 $41,870
2016 $4,882 $61,470 $22,810 $38,660
2015 $4,747 $56,780 $21,070 $35,710
2014 $3,975 $48,250 $11,500 $36,750
2013 $3,898 $49,230 $11,730 $37,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10348490

Midwest Real Estate Data (MRED)
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