NOT LISTED FOR SALE
76 Beds
76 Baths
44,352 Sq Ft
1.2 Acres

Last Sold September 08, 2017

97 Days on Market

Highlights

  • 1.2 Acre Lot
  • Building Security System
  • Coin Laundry
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Community Storage Space

About This Home

As of September 2017

38 unit complex in 2 buildings. All 2 bedroom 1.5 bath. All have individual in-unit furnaces, central AC and hot water heaters. Tenants pay gas and electric. Several vacancies in the process of being made rent ready. Photos show 1 unit rent ready and the display unit that is staged. Currently 1 additional unit is being used for the leasing office. Church has owned the property since 1991 and has kept the rents at $525 for many years. Long term tenants and a waiting list for units. Plenty of parking, storage units and common laundry in basement. New roofs 2013, new siding 2012/13, newer sliding glass doors to balconies, walk in closets. This complex offers a unique opportunity for a new owner to improve the income through value added improvements and hands on management.

Last Agent to Sell the Property

Patrice TenBroek

RE/MAX Results License #2001008626 Listed on: 02/24/2017

RE/MAX Results

Last Buyer's Agent

Michael Luntz

Nettwork Global License #2005041344

Nettwork Global

Property Details

Home Type

  • Apartment

Year Built

  • 1970

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 38 x 181

Home Design

  • 44,352 Sq Ft Home
  • Brick Exterior Construction

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • Parking Lot
  • Unassigned Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Buildings
  • Low-Rise Condominium

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • Pet Restriction

Security

  • Building Security System

Property Details

Home Type

Apartment

Year Built

1970

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex, Apt Bldg/Exterior En
  • Cross Street: Lucas and Hunt
  • Municipality Township: Unincorporated
  • Special Description: Tax Exempt
  • Age: 46
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Laundry: Coin Operated, Common Laundry
  • Square Footage: 44352

Exterior Features

  • Construction: Brick Veneer Predom

Garage/Parking

  • Parking: 1 Space/Unit, Parking Lot, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air, Individual Furnaces

Schools

  • School District: Riverview Gardens
  • Elementary School: Moline Elem.
  • Middle School: Westview Middle
  • High School: Riverview Gardens Sr. High

Lot Info

  • Lot Dimensions: 38 x 181
  • Lot Sq Ft: 52272
  • Location: Suburban
  • Acres: 1.2000

Rental Info

  • Tenancy Type: Leases, Month To Month, Subsidized Rents
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Info: No Units Furnished, Restriction-Pets, Security System, Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 2

Range of Values:

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Average Value
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Sold Price
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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 Change Sq Ft Price
09/08/2017 09/08/17 Sold -- -- --
06/02/2017 06/02/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $949,000 -- $21 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS17009718

MARIS MLS

APN: 12F-4-3-027-1