NOT LISTED FOR SALE
6 Beds
6 Baths
-- Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: July 6, 2022

Last sale price $520,000

3 Days on Market

About This Home

As of July 2022

For sale is a turn key six unit property in Broadview. This well run building is a true arm chair investment. All six units have been recently renovated, and the building is extremely well maintained. Although the current rent roll provides for strong cash flow, there is also a lot of upside on the rents.

Last Agent to Sell the Property

John Warren

Forte Properties, Inc. License #471020680 Listed on: 03/21/2022

Co-Listed By

Sharon Knickerbocker

Forte Properties, Inc. License #475180755

Last Buyer's Agent

Laura Catrambone-Gerace

Coldwell Banker Stratford Place License #471019032

Coldwell Banker Stratford Place
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,053

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 125x50
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $400
  • Fuel Expense $2,000
  • Insurance Expense $2,100
  • Maintenance Expense $3,200
  • Manager Expense $3,200
  • Other Expense $1,500
  • Trash Expense $800
  • Water Sewer Expense $2,520
  • Operating Expense $23,684
  • Gross Income $64,740
  • Net Operating Income $41,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,053

Year Built

Built in 1964

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: New Rehab
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 3200

Fee Information

  • Trash Expense: 800
  • Water Sewer Expenses: 2520

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.14
  • Lot Dimensions: 125X50
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 10

Multi Family

  • Net Operating Income: 41956
  • Fuel Expense: 2000
  • Insurance Expense: 2100
  • ElectricExpense: 400
  • GrossIncome: 64740
  • Maintenance Expense: 3200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23684
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12053
  • Tax Year: 2020

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

Listed on
Mar 21, 2022
Closed on
Jun 2, 2022
Sold by
Bought by
Seller's Agent
John Warren
Forte Properties, Inc.
Buyer's Agent
Laura Catrambone-Gerace
Coldwell Banker Stratford Place
List Price
$499,000
Sold Price
$520,000
Premium/Discount to List
$21,000
4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$250,678
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2019
Closed on
Nov 15, 2019
Sold by
Bought by
Seller's Agent
Patryk Klima
Chicagoland Brokers Inc.
Buyer's Agent
Giovanni Arenella
Century 21 Circle
List Price
$449,000
Sold Price
$425,000
Premium/Discount to List
-$24,000
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Jul 18, 2017
Sold by
Bought by

Purchase Details

Closed on
May 31, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$520,000 None Listed On Document
$425,000 Attorney
-- None Available
-- None Available
-- --
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 $390,000
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 Prior Sale
07/06/2022 07/06/22 Sold $520,000 +4.2% --
03/25/2022 03/25/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $499,000 +17.4% --
11/15/2019 11/15/19 Sold $425,000 -0.9% -- View Prior Sale
08/26/2019 08/26/19 Pending -- -- --
07/30/2019 07/30/19 Price Changed $429,000 -4.5% --
05/07/2019 05/07/19 For Sale $449,000 -- --
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
2025 $12,929 $47,000 $3,790 $43,210
2024 $12,929 $47,000 $3,790 $43,210
2023 $8,144 $47,000 $3,790 $43,210
2022 $8,144 $24,481 $3,001 $21,480
2021 $7,847 $24,480 $3,000 $21,480
2020 $12,054 $38,591 $3,000 $35,591
2019 $7,285 $24,566 $2,684 $21,882
2018 $7,051 $24,566 $2,684 $21,882
2017 $6,976 $24,566 $2,684 $21,882
2016 $5,540 $18,412 $2,368 $16,044
2015 $6,042 $20,206 $2,368 $17,838
2014 $6,751 $20,206 $2,368 $17,838
2013 $6,951 $22,551 $2,368 $20,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11352973

Midwest Real Estate Data (MRED)
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