NOT LISTED FOR SALE
8 Beds
6 Baths
4,158 Sq Ft
9,450 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $425,000 $102 Per Sq Ft

31 Days on Market

Highlights

  • 0.22 Acre Lot
  • Lexington Elementary School Rated 9+
  • Baseboard Heating

About This Home

As of July 2023

Turn-key investment opportunity and ready for immediate cash flow! Well-maintained, six-unit apartment property located in Broadview. Unit mix consists of 4 one-bedroom units and 2 two-bedroom units. All units are above-grade, and 3 of the units are recently renovated! Property features a newly configured hot water baseboard heat system, ample off-street parking, and a slab on grade foundation. The area provides convenient access to Interstate 290 as well as the Metra Station and CTA Commuter Train Stops. Multiple retail and dining options are within walking distance of the property.

Last Agent to Sell the Property

Emily Habich

Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 04/04/2023

Last Buyer's Agent

Domenico Di Brizzi

Home One Realty License #475130608

Home One Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,596

Year Built

  • Built in 1962

Lot Details

  • 9,450 Sq Ft Lot

Interior Spaces

  • 4,158 Sq Ft Home
  • 1-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $818
  • Fuel Expense $5,572
  • Insurance Expense $1,800
  • Maintenance Expense $1,800
  • Manager Expense $3,511
  • Other Expense $3,805
  • Water Sewer Expense $5,294
  • Operating Expense $35,996
  • Gross Income $73,548
  • Net Operating Income $34,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,596

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 1
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Room: 0

Utilities

  • Heat/Ventilation: Hot Water,Baseboard

Condo/Co-op/Association

  • Manager Expense: 3511
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 5294

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.22
  • Lot Dimensions: 9,450 SF
  • Lot Size Sq Ft: 9450
  • Zoning: MULTI
  • Alternate Phone Number: (630) 570-2235

Rental Info

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

Building Info

  • BuildingAreaTotal: 4158

Multi Family

  • Net Operating Income: 34224
  • Fuel Expense: 5572
  • Insurance Expense: 1800
  • ElectricExpense: 818
  • GrossIncome: 73548
  • Maintenance Expense: 1800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 35996
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 11596
  • Tax Year: 2021
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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
07/14/2023 07/14/23 Sold $425,000 -8.6% $102 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $465,000 0.0% $112 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $465,000 -- $112 / 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
2025 $11,829 $43,000 $5,670 $37,330
2024 $11,829 $43,000 $5,670 $37,330
2023 $12,036 $43,000 $5,670 $37,330
2022 $12,036 $36,178 $4,489 $31,689
2021 $11,596 $36,177 $4,488 $31,689
2020 $11,300 $36,177 $4,488 $31,689
2019 $9,693 $28,126 $4,016 $24,110
2018 $9,386 $28,126 $4,016 $24,110
2017 $9,260 $28,126 $4,016 $24,110
2016 $8,776 $25,213 $3,543 $21,670
2015 $8,664 $25,213 $3,543 $21,670
2014 $8,424 $25,213 $3,543 $21,670
2013 $7,976 $25,876 $3,543 $22,333
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11751414

Midwest Real Estate Data (MRED)