NOT LISTED FOR SALE

205 W Michael Ln Addison, IL 60101

11 Beds
6 Baths
-- Sq Ft
1964 Built

Last Sold May 22, 2015

Last sale price $457,500

61 Days on Market

About This Home

As of May 2015

Excellent investment opportunity! Come see this all brick, fully rented six unit building. Owned and managed by same owner since 1995. Long term tenants on yearly leases plus separate electricity for each unit. Upgrades include roof, windows, kitchen appliances, etc. This is the multi-unit building you have been waiting for! Nothing to do but collect the rents! See it today!

Last Agent to Sell the Property

Salvador Hernandez

Century 21 Circle License #475133221 Listed on: 01/02/2015

Century 21 Circle

Last Buyer's Agent

Eric Sadowski

arhome realty License #475128225

arhome realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $3,500

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1964

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 42553
  • Outdoor Parking: 6-12 Spaces
  • Total Annual Exp: 17027
  • Total Annual Income: 59580
  • Total Monthly Income: 4965
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1964
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1964

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Heatventilation: Hot Water
  • Water Expense: 4500

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 400
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 64X150
  • Parcel Identification Number: 0321311006

Rental Info

  • Gross Rental Income: 4965
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 3500

Tax Info

  • Taxes: 8627
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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
05/22/2015 05/22/15 Sold $457,500 -3.7% --
03/04/2015 03/04/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $475,000 -- --
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 $12,497 $177,310 $78,768 $98,542
2023 $12,550 $170,490 $72,410 $98,080
2022 $12,698 $172,410 $68,960 $103,450
2021 $10,582 $143,270 $66,050 $77,220
2020 $11,897 $158,180 $63,270 $94,910
2019 $11,844 $152,100 $60,840 $91,260
2018 $12,347 $152,100 $60,840 $91,260
2017 $12,066 $145,370 $58,150 $87,220
2016 $11,813 $134,220 $53,690 $80,530
2015 $11,591 $123,990 $49,600 $74,390
2014 $9,113 $96,860 $24,220 $72,640
2013 $8,912 $98,830 $24,710 $74,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08809123

Midwest Real Estate Data (MRED)
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