NOT LISTED FOR SALE

205 W Michael Ln Addison, IL 60101

Addison Area
11 Beds
6 Baths
-- Sq Ft
1964 Built

Sale Details

Date Sold: May 22, 2015

Last sale price $457,500 $0 Per Sq Ft

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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

Closed on
Sep 24, 2015
Sold by
Bought by

Purchase Details

Listed on
Jan 2, 2015
Closed on
May 22, 2015
Sold by
Bought by
Seller's Agent
Salvador Hernandez
Century 21 Circle
Buyer's Agent
Eric Sadowski
arhome realty
List Price
$475,000
Sold Price
$457,500
Premium/Discount to List
-$17,500
-3.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Addison, IL

See All Agents

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
-- Attorney
$457,500 Saturn Title Llc
-- None Available
-- Chicago Title Insurance Co
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 $238,000
Closed $185,000
Closed $363,185
Previous Owner $274,500
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
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

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 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08809123

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.