NOT LISTED FOR SALE

216 W Michael Ln Addison, IL 60101

7 Beds
4 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold July 30, 2019

Last sale price $412,000

3 Days on Market

About This Home

As of July 2019

ESTABLISHED BRICK 4-UNIT APARTMENT BUILDING. PERFECT FOR A NEW INVESTOR! NO VACANCIES, TENURED TENANTS AND AN OPPORTUNITY TO INCREASE RENTS. *BRAND NEW ROOF 2019 *NEWER BOILER (FURNACE) INSTALLED (APPROX. 5 YEARS OLD) *ALL WINDOWS REPLACED IN EARLY 2000s *BRAND NEW FRONT MAIN DOOR. *7 EXTERIOR PARKING SPACES WITH A LARGE PORTION OF REFINISHED BLACKTOP 2018 CENTRAL LOCATION WITHIN CITY, CLOSE TO ELEMENTARY/JUNIOR HIGH SCHOOLS AND SHOPPING. NOTE: PLEASE DO NOT APPROACH TENANTS. 24-HOUR NOTICE REQUIRED FOR SHOWINGS.

Last Agent to Sell the Property

Alexandra Kaleel

PRG Group, LLC License #475185991 Listed on: 06/12/2019

PRG Group, LLC

Last Buyer's Agent

Juan Zapata

Net Realty Corp License #475146797

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,044

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x148

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • First Floor Utility Room
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,044

Year Built

Built in 1963

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Room Type: Utility Room-1st Floor
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 7
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 60X148
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 8043.92
  • Tax Year: 2017

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat
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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
07/30/2019 07/30/19 Sold $412,000 +0.7% --
06/15/2019 06/15/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $409,000 -- --
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 $10,732 $152,270 $60,906 $91,364
2023 $10,305 $139,980 $55,990 $83,990
2022 $9,460 $128,450 $51,380 $77,070
2021 $9,087 $123,030 $49,210 $73,820
2020 $8,864 $117,850 $47,140 $70,710
2019 $8,824 $113,320 $45,330 $67,990
2018 $8,231 $101,400 $40,560 $60,840
2017 $8,044 $96,910 $38,760 $58,150
2016 $7,875 $89,480 $35,790 $53,690
2015 $7,727 $82,660 $33,060 $49,600
2014 $5,277 $56,090 $14,020 $42,070
2013 $5,162 $57,240 $14,310 $42,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10414628

Midwest Real Estate Data (MRED)
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