NOT LISTED FOR SALE

22401 Thomas Dr Richton Park, IL 60471

12 Beds
6 Baths
3,001 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: December 18, 2020

Last sale price $315,000 $105 Per Sq Ft

190 Days on Market

About This Home

As of December 2020

*ALL UNITS WERE JUST RE-CERTIFIED FOR OCCUPANCY BY THE VILLAGE OF RICHTON PARK, SO NO VILLAGE INSPECTION NEEDED TO CLOSE. FULLY RENTED WITH GOOD INCOME. Well maintained 6 Unit Building. All are 2 Bedroom units and are specious with approximately 900 square feet. All units are equipped with Electric Stoves, (Dishwasher in 5 Units only) Refrigerators, Wall Unit Air Conditioners, Hot Water Heaters, and Washer/Dryer Hook Ups. Parking Lot Resurfaced 2018, New Dumpster Enclosure September 2019. Shared Driveway and Dumpster with 22339 Thomas. Buy both buildings as a set!!!

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 11/13/2019

Last Buyer's Agent

Joeluke Chirayil

Achieve Real Estate Group Inc License #475189979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,101

Year Built

  • Built in 1979

Lot Details

  • 16,362 Sq Ft Lot
  • Lot Dimensions are 50 x 220

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Pitched Roof
  • Composition Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,001 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $617
  • Insurance Expense $2,400
  • Maintenance Expense $11,513
  • Manager Expense $4,536
  • Other Expense $500
  • Trash Expense $1,800
  • Water Sewer Expense $2,400
  • Operating Expense $28,780
  • Gross Income $66,000
  • Net Operating Income $36,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,101

Year Built

Built in 1979

Lot Details

0.38 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Basement Description: Slab
  • Fire Protection: Hydrants On Site
  • Drive-In Doors: 0
  • Dishwashers: 5
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road, Signal Intersection
  • Roof: Composition, Fiberglass
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Balcony/ies,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls

Condo/Co-op/Association

  • Manager Expense: 4536
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 2400

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 50 X 220
  • Lot Size Sq Ft: 16362
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 3001

Multi Family

  • Net Operating Income: 36993
  • Insurance Expense: 2400
  • ElectricExpense: 617
  • GrossIncome: 66000
  • Maintenance Expense: 11513
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28780
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16101
  • Tax Year: 2018

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
Nov 13, 2019
Closed on
Dec 15, 2020
Sold by
Bought by
Seller's Agent
Leslie Bogs
Bogs Management, Inc.
Buyer's Agent
Joeluke Chirayil
Achieve Real Estate Group Inc
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
0.0271%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
0.05%
Mortgage Type
Credit Line Revolving
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$630,000 Old Republic Title
-- 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
Closed $409,500
Closed $1,750,000
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
12/18/2020 12/18/20 Sold $315,000 -8.4% $105 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/06/2020 05/06/20 Price Changed $343,999 -0.1% $115 / Sq Ft
04/29/2020 04/29/20 Price Changed $344,500 -0.1% $115 / Sq Ft
04/20/2020 04/20/20 For Sale $345,000 0.0% $115 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $345,000 -- $115 / Sq Ft
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 $17,138 $40,089 $8,999 $31,090
2024 $17,138 $40,089 $8,999 $31,090
2023 $17,746 $40,089 $8,999 $31,090
2022 $17,746 $31,502 $7,772 $23,730
2021 $18,087 $32,446 $7,771 $24,675
2020 $17,550 $32,446 $7,771 $24,675
2019 $16,340 $29,413 $6,953 $22,460
2018 $16,101 $29,413 $6,953 $22,460
2017 $15,760 $29,413 $6,953 $22,460
2016 $13,724 $25,660 $6,135 $19,525
2015 $13,435 $25,660 $6,135 $19,525
2014 $13,253 $25,660 $6,135 $19,525
2013 $12,460 $26,062 $6,135 $19,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10572883

Midwest Real Estate Data (MRED)
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