NOT LISTED FOR SALE

209 Bush St Dekalb, IL 60115

Estimated Value: $359,000 - $388,000

5 Beds
5 Baths
3,200 Sq Ft
$115/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $320,000 $100 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,619/month

16 Days on Market

Highlights

  • Central Heating
  • Hot Water Heating System
  • 1-minute walk to Shipman Park

About This Home

As of December 2021

Ready to become a real estate investor or add to your property roll? You won't want to miss out on this well maintained and updated 5 unit money maker! All units are large 1 bedroom, 1 bath, and have been updated within the last 3 to 7 years. Four of the five have the same floor plan with large, light filled, living rooms open to a spacious kitchen, and large bedrooms. The fifth unit, garden unit, is equally as large just with separate living room and kitchen. The lower level has a coin laundry, locked storage closets for each unit, and a large common storage area. Off street parking. Roof was new in 2012. Great rental and payment history. Good current net income with potential to adjust rents to market rates.

Last Agent to Sell the Property

Tom Vierig

Castle View Real Estate License #471017067 Listed on: 10/15/2021

Last Buyer's Agent

Tom Vierig

Castle View Real Estate License #471017067 Listed on: 10/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,721

Year Built

  • Built in 1960

Lot Details

  • 7,700 Sq Ft Lot
  • Lot Dimensions are 70 x 111

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Wood Joist
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $370
  • Fuel Expense $1,657
  • Insurance Expense $1,892
  • Maintenance Expense $234
  • Trash Expense $802
  • Water Sewer Expense $1,325
  • Operating Expense $6,517
  • Gross Income $40,860
  • Net Operating Income $25,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,721

Year Built

Built in 1960

Lot Details

7,700 Sq Ft Lot

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: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Concrete, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Wood Joists

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 802
  • Water Sewer Expenses: 1325
  • Operating Expense Includes: Maintenance,Trash,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 70 X 111
  • Lot Size Sq Ft: 7700
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 19
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 3200

Multi Family

  • Net Operating Income: 25622
  • Fuel Expense: 1657
  • Insurance Expense: 1892
  • ElectricExpense: 370
  • GrossIncome: 40860
  • Maintenance Expense: 234
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 6517
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8720.6
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 10, 2021
Sold by
Landphair Donald K and Landphair Debra A
Bought by
Cknp Properties Llc
Seller's Agent
Tom Vierig
Castle View Real Estate
Buyer's Agent
Tom Vierig
Castle View Real Estate
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%
Current Estimated Value
$371,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,771
Avg. Annual Appreciation
3.37%
Original Mortgage
$240,000
Outstanding Balance
$220,678
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$147,428

Purchase Details

Closed on
Feb 12, 2014
Sold by
Landphair Debra A
Bought by
Landphair Donald K and Landphair Debra A

Purchase Details

Closed on
Jan 15, 2014
Sold by
Yamber Paul Michael
Bought by
Landphair Debra A

Purchase Details

Closed on
Nov 26, 2013
Sold by
Yamber Paul Michael
Bought by
Landphair Debra A
Source: Public Records
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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
Cknp Properties Llc $320,000 Chicago Title
Landphair Donald K -- --
Landphair Debra A -- --
Landphair Debra A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cknp Properties Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $320,000 -8.5% $100 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $349,900 -- $109 / Sq Ft
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 $8,471 $103,217 $10,382 $92,835
2023 $8,471 $89,996 $9,052 $80,944
2022 $8,303 $82,165 $10,330 $71,835
2021 $8,528 $77,064 $9,689 $67,375
2020 $8,721 $75,836 $9,535 $66,301
2019 $8,549 $72,856 $9,160 $63,696
2018 $8,348 $70,385 $8,849 $61,536
2017 $8,427 $67,658 $8,506 $59,152
2016 $8,334 $65,950 $8,291 $57,659
2015 -- $62,488 $7,856 $54,632
2014 -- $57,799 $11,367 $46,432
2013 -- $60,713 $11,940 $48,773
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11247372

Midwest Real Estate Data (MRED)

APN: 08-22-453-041

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