NOT LISTED FOR SALE
20 Beds
13 Baths
9,646 Sq Ft
0.68 Acres

Last Sold October 20, 2022

Last sale price $1,400,000 $145 Per Sq Ft

28 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Richmond Intermediate School Rated A
  • 1-minute walk to Fairview Park

About This Home

As of October 2022

Excellent investment property that boasts 10 well-kept units. Most are long term tenants, with month to month leases. Close to the best that St. Charles has to offer, along with ample parking and HVAC systems for each unit. Improvements include...new laminate flooring in living rooms and halls, high efficiency vinyl clad thermopane windows (2009), vinyl clad high efficiency sliding doors (2011), new roof and skylights (2019), new parking lot (2012).

Last Agent to Sell the Property

Spencer Hauptman

Mark Allen Realty ERA Powered License #475157130 Listed on: 07/05/2022

Last Buyer's Agent

SEAN MORRISSEY

Chicagoland Realty Group Partners LLC License #471001461

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,685

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 149x200

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 9,646 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 13 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $2,400
  • Fuel Expense $3,600
  • Insurance Expense $3,600
  • Maintenance Expense $2,500
  • Other Expense $4
  • Trash Expense $1,836
  • Water Sewer Expense $1,800
  • Operating Expense $58,761
  • Gross Income $147,120
  • Net Operating Income $89,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,685

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 20
  • Basement Description: Slab
  • Misc Inside: Inside Corridor/s
  • Fireplaces: 2
  • Drive-In Doors: 9
  • Dishwashers: 9
  • Refrigerators: 10
  • Ranges: 10
  • Number of Washers: 2
  • Room: 4
  • Room: 3
  • Room: 0

Exterior Features

  • List Price: 1490000
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Brick
  • Misc Outside: Fire Escape,Patio,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1836
  • Water Sewer Expenses: 1800
  • Janitor Expense: 5000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 149X200

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 9646

Multi Family

  • Net Operating Income: 89859
  • Fuel Expense: 3600
  • Insurance Expense: 3600
  • ElectricExpense: 2400
  • GrossIncome: 147120
  • Maintenance Expense: 2500
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 58761
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 31685
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Oct 20, 2022
Sold by
Nagel Terry L
Bought by
Sean Morrissey Llc
Seller's Agent
Spencer Hauptman
Mark Allen Realty ERA Powered
Buyer's Agent
SEAN MORRISSEY
Chicagoland Realty Group Partners LLC
List Price
$1,490,000
Sold Price
$1,400,000
Premium/Discount to List
-$90,000
-6.04%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,076,508
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2022
Closed on
Oct 19, 2022
Sold by
O2 Holdings I Llc
Bought by
Nagel Terry L and Owens Michael J
Seller's Agent
Spencer Hauptman
Mark Allen Realty ERA Powered
Buyer's Agent
SEAN MORRISSEY
Chicagoland Realty Group Partners LLC
List Price
$1,490,000
Sold Price
$1,400,000
Premium/Discount to List
-$90,000
-6.04%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,076,508
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2007
Sold by
Verner James E and Verner Pamela R
Bought by
02 Holdings I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2005
Sold by
Verner James and Verner Pamela R
Bought by
Verner James E and Verner Pamela R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.07%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Sean Morrissey Llc $1,400,000 --
Nagel Terry L -- --
02 Holdings I Llc $935,000 Chicago Title Insurance Co
Verner James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sean Morrissey Llc $2,100,000
Previous Owner O2 Holdings I Llc $620,000
Previous Owner 02 Holdings I Llc $700,000
Previous Owner Verner James $320,000
Previous Owner Verner James $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $1,400,000 -6.0% $145 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $1,490,000 -- $154 / Sq Ft
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
2023 $30,247 $377,931 $118,472 $259,459
2022 $33,231 $411,570 $131,134 $280,436
2021 $31,996 $392,308 $124,997 $267,311
2020 $31,685 $384,993 $122,666 $262,327
2019 $31,146 $377,370 $120,237 $257,133
2018 $27,615 $332,929 $128,517 $204,412
2017 $25,309 $302,056 $124,122 $177,934
2016 $24,413 $267,238 $119,763 $147,475
2015 -- $262,472 $118,472 $144,000
2014 -- $264,615 $118,472 $146,143
2013 -- $271,593 $119,657 $151,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11456067

Midwest Real Estate Data (MRED)

APN: 09-33-151-009