NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold August 22, 2018

Last sale price $410,000

4 Days on Market

Highlights

  • Lower Floor Utility Room
  • Balcony
  • Intercom
  • Elmer H Franzen Intermediate School Rated A
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of August 2018

VERY RARELY AVAILABLE OPPORTUNITY!!!! Incredible investment. 3 unit building with 2 car deep garage with large driveway for lots of parking. The top 2 units feature 3 bedrooms with 2 baths. Nice sized kitchen with eating areas and large living rooms. The garden unit features 2 bedrooms and 1 bath. Very large storage area downstairs 21'x14' with a laundry/utility room 10'x7' that contains washer/dryer and water heaters. Roof, gutters, suffits all replaced in 2017. Gas was brought into building and even though stoves are electric could be converted to gas. Nice sized balconies on second and third floors. Close to parks, shopping, Elgin/O'hare expressway. Rent is greatly below market value as tenants have been in units for 21 years and 16 years respectfully. Owner never raised rent. The 3 bedroom/ 2 bath units in adjacent building rented for $1,300 per month.

Last Agent to Sell the Property

Andrew Orzechowski

Tatry Realty LLC License #471008591 Listed on: 07/18/2018

Last Buyer's Agent

Andrew Orzechowski

Tatry Realty LLC License #471008591 Listed on: 07/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,854

Year Built

  • Built in 1972

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 131x73x132x55

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room
  • Sump Pump

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Outdoor Features

  • Balcony

Schools

  • Elmer H Franzen Intermediate Sch
  • F E Peacock Middle School
  • Lake Park High School

Utilities

  • Radiator
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,854

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1972
  • Age: 41-50 Years
  • 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: None
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Utility Room-Lower Level
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Balcony
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Driveway
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Radiant, Radiator(s)
  • Water Source: Lake Michigan

Schools

  • Elementary School: ELMER H FRANZEN INTERMEDIATE SCH
  • High School: LAKE PARK HIGH SCHOOL
  • Middle/Junior School: F E PEACOCK MIDDLE SCHOOL

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 131X73X132X55
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7854.2
  • Tax Year: 2016

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,3 Story Unit/s
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2018 08/22/18 Sold $410,000 -8.7% --
07/22/2018 07/22/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $449,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $11,763 $170,980 $66,486 $104,494
2023 $11,332 $157,180 $61,120 $96,060
2022 $10,018 $140,340 $54,570 $85,770
2021 $9,547 $134,420 $52,270 $82,150
2020 $9,207 $128,760 $50,070 $78,690
2019 $9,011 $123,800 $48,140 $75,660
2018 $8,568 $114,210 $44,160 $70,050
2017 $8,079 $109,160 $42,210 $66,950
2016 $7,854 $100,780 $38,970 $61,810
2015 $7,658 $93,100 $36,000 $57,100
2014 $9,559 $110,600 $27,220 $83,380
2013 $9,327 $112,860 $27,780 $85,080
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10022959

Midwest Real Estate Data (MRED)
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