NOT LISTED FOR SALE

Estimated Value: $718,039 - $855,000

6 Beds
4 Baths
3,432 Sq Ft
$227/Sq Ft Est. Value

Sale Details

Date Sold: December 26, 2019

Last sale price $550,000 $160 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,791 / mo

45 Days on Market

Highlights

  • Sun or Florida Room
  • Patio
  • Senior Tax Exemptions
  • 2 Car Detached Garage
  • Ceiling Fan
  • Heated Garage

About This Home

As of December 2019

Very rare opportunity to purchase this extremely large and unique 2 flat building in the heart of Beverly, which features 2 massive 1700sf apartments that have 3 bdrms, 2 baths, Living room, dining room, eat-in kitchen, hardwood floors, wood burning fireplace in the living room, radiant heat and central air. 5 yr old furnace, 7 yr old windows. 2 car heated garage. Sidelot. Short walk to Metra, Starbucks, Shopping, and Restaurants. Great income opportunity whether you live in the building or not.

Last Agent to Sell the Property

Paul Duffy

Hanley Realty, Inc. License #475167996 Listed on: 08/24/2019

Last Buyer's Agent

Tim Sheahan

Compass License #475145058

Compass
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,105

Year Built

  • Built in 1895

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 53 x 142
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Schools

  • Sutherland Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,105

Year Built

Built in 1895

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • 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: 4
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Sun Room
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Fireplace-Wood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Fireplace-Wood,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Sutherland Elementary School

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.19
  • Lot Dimensions: 53 X 142
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 9105.36
  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • 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
Aug 24, 2019
Closed on
Nov 16, 2019
Sold by
Olofsson Sheila M
Bought by
Seller's Agent
Paul Duffy
Hanley Realty, Inc.
Buyer's Agent
Tim Sheahan
Compass
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Current Estimated Value
$779,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,132
Avg. Annual Appreciation
5.38%
Original Mortgage
$400,000
Outstanding Balance
$348,907
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$431,853

Purchase Details

Closed on
Oct 5, 2014
Sold by
Olofsson Harold W and Olofsson Sheila M
Bought by
Olofsson Sheila M and Olofsson Income Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$550,000 First American Title
Olofsson Sheila M -- Attorney
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
Open $400,000
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
12/26/2019 12/26/19 Sold $550,000 -8.2% $160 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $599,000 0.0% $175 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
08/24/2019 08/24/19 For Sale $599,000 0.0% $175 / Sq Ft
02/19/2018 02/19/18 Rented $1,800 0.0% --
02/08/2018 02/08/18 For Rent $1,800 -- --
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 $6,140 $63,000 $13,020 $49,980
2024 $6,140 $63,000 $13,020 $49,980
2023 $5,950 $35,000 $10,500 $24,500
2022 $5,950 $35,000 $10,500 $24,500
2021 $5,849 $35,000 $10,500 $24,500
2020 $10,202 $45,682 $8,400 $37,282
2019 $8,759 $49,655 $8,400 $41,255
2018 $8,018 $49,655 $8,400 $41,255
2017 $8,583 $48,466 $7,560 $40,906
2016 $8,871 $48,466 $7,560 $40,906
2015 $8,903 $48,466 $7,560 $40,906
2014 $8,235 $44,274 $7,140 $37,134
2013 $8,071 $44,274 $7,140 $37,134
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10496225

Midwest Real Estate Data (MRED)

APN: 25-07-322-025-0000

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