NOT LISTED FOR SALE

Estimated Value: $1,630,220

28 Beds
19 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: September 15, 2022

Last sale price $1,315,000

Est. 24% increase in value since last sale

Current estimated payment $12,150 / mo

About This Home

As of September 2022

CLOSED BEFORE PROCESSING 17 unit apartment building in the heart of downtown West Chicago. Walk to train, library, Prairie Path, Reed Kepler Park and community pool. Roof - 1 year old. All electric & plumbing has been replaced in the building in the last 18 months. There are fifteen 1 BR units / one 3 BR unit / one 4 BR unit. 11 of the 17 units are economically occupied. There are 3 units to finish, with 2 being finished within the next 30 days. This is a great opportunity @ $85,300 per unit, with a proforma 7.07 cape rate.

Last Agent to Sell the Property

Lance Kammes

RE/MAX Suburban License #475090263 Listed on: 08/12/2022

RE/MAX Suburban

Last Buyer's Agent

Lance Kammes

RE/MAX Suburban License #475090263 Listed on: 08/12/2022

RE/MAX Suburban
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,060

Year Built

  • Built in 1960

Lot Details

  • 11,032 Sq Ft Lot
  • Lot Dimensions are 100x110

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 19 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 17 Units

Building Details

  • Electric Expense $187
  • Fuel Expense $15,222
  • Insurance Expense $6,413
  • Maintenance Expense $9,240
  • Other Expense $5,070
  • Trash Expense $2,400
  • Water Sewer Expense $7,200
  • Operating Expense $83,818
  • Gross Income $192,000
  • Net Operating Income $100,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,060

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 19
  • Total Bedrooms: 28
  • Room: 0

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2400
  • Water Sewer Expenses: 7200

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 100X110
  • Lot Size Sq Ft: 11032
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 10

Multi Family

  • Net Operating Income: 100982
  • Fuel Expense: 15222
  • Insurance Expense: 6413
  • ElectricExpense: 187
  • GrossIncome: 192000
  • Maintenance Expense: 9240
  • NumberOfUnitsTotal: 17
  • OperatingExpense: 83818
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 30060
  • Tax Year: 2021

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 12, 2022
Closed on
Sep 9, 2022
Sold by
Bought by
Seller's Agent
Lance Kammes
RE/MAX Suburban
Buyer's Agent
Lance Kammes
RE/MAX Suburban
List Price
$1,450,000
Sold Price
$1,315,000
Premium/Discount to List
-$135,000
-9.31%
Current Estimated Value
$1,630,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,220
Avg. Annual Appreciation
5.62%

Purchase Details

Closed on
Nov 6, 2018
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
$690,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 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
$750,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 1999
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
$615,000
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 1999
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
$615,000
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage
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
$1,315,000 Precision Title
-- Citywide Tile Corporation
$995,000 Law Title Insurance
-- --
-- --
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
Previous Owner $690,000
Previous Owner $250,000
Previous Owner $750,000
Previous Owner $60,000
Previous Owner $680,000
Previous Owner $615,000
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
09/15/2022 09/15/22 Sold $1,315,000 -9.3% --
08/12/2022 08/12/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $1,450,000 -- --
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 $38,265 $430,514 $30,197 $400,317
2023 $36,470 $393,200 $27,580 $365,620
2022 $31,122 $328,820 $27,860 $300,960
2021 $30,060 $315,210 $26,710 $288,500
2020 $29,534 $305,640 $25,900 $279,740
2019 $28,788 $291,050 $24,660 $266,390
2018 $27,748 $274,570 $23,260 $251,310
2017 $22,105 $212,100 $22,100 $190,000
2016 $23,013 $210,610 $20,610 $190,000
2015 $25,717 $221,000 $19,080 $201,920
2014 $25,150 $214,460 $18,170 $196,290
2013 $25,386 $222,300 $18,830 $203,470
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11490391

Midwest Real Estate Data (MRED)

APN: 04-10-109-010

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