NOT LISTED FOR SALE
7 Beds
7 Baths
4,368 Sq Ft
3,125 Sq Ft Lot

Last Sold September 27, 2016

Last sale price $425,000 $97 Per Sq Ft

7 Days on Market

About This Home

As of September 2016

!!! INCREDIBLE Investment Opportunity in Belmont Cragin !!! This is a CASH COW ! Building is Fully Rented.. Legal 6 Unit Building with Two Studios - Four 1 Bedroom Units - PLUS a 3 Bedroom Coach House.... Building is in Excellent Condition... Long term tenants... Just Appraised near list Price.... CAP RATE is ABOVE 9% at Appraised Value ! 48 Hour Notice for Showings... See this rare Investment Opportunity today !!

Last Agent to Sell the Property

Michael Montalbano

Montalbano & Associates License #471001852 Listed on: 05/18/2016

Last Buyer's Agent

Joe Wilcox

The Wilcox Company License #471000487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,311

Year Built

  • Built in 1911

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 25 x 125

Home Design

  • Aluminum Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,414
  • Fuel Expense $953
  • Insurance Expense $2,100
  • Other Expense $125
  • Water Sewer Expense $1,726
  • Operating Expense $12,504
  • Gross Income $51,660
  • Net Operating Income $39,156

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,311

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1911
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 7
  • Refrigerators: 7
  • Ranges: 7
  • Room: 0

Exterior Features

  • Exterior Building Type: Aluminum Siding

Utilities

  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Forced Air

Fee Information

  • Water Sewer Expenses: 1726

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Lot Size Sq Ft: 3125
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 39156
  • Fuel Expense: 953
  • Insurance Expense: 2100
  • ElectricExpense: 1414
  • GrossIncome: 51660
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 12504
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6311.09
  • Tax Year: 2014

Range of Values:

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List Price
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 List to Sale Price per Sq Ft
09/27/2016 09/27/16 Sold $425,000 -3.4% $97 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $440,000 -- $101 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09230693

Midwest Real Estate Data (MRED)

APN: 13322130350000