Seller's Agent in 2022
Jesse Singh
RE/MAX SAWA
(847) 606-3664
3 in this area
155 Total Sales
228 E Rimini Ct Palatine, IL 60067
Reseda NeighborhoodEstimated Value: $165,130 - $1,004,000
42
Beds
21
Baths
6,100
Sq Ft
$62/Sq Ft
Est. Value
About This Home
As of March 2022This building is an attractive well crafted all brick structure in an excellent condition. Located in the heart of Paletine business district, still on a quiet street. Great oppotuniity to invest in a money making building. The building reflects pride of ownership by long- time dedicated owner and Tenant .Mission Creek 6-flat. Six 2-bedroom units tenant pay Gas and electric. Laundry and storage areas in basement. Balconies / patios overlook pond. Each apartment has gas forced air with central air units. Newer water heater. need 48 hours notice to show.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,310
Year Built
- Built in 1984
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 50x50
- Additional Parcels
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Tar and Gravel Roof
- Concrete Perimeter Foundation
Interior Spaces
- 6,100 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 42 Bedrooms
- 21 Bathrooms
Unfinished Basement
- Exterior Basement Entry
- Basement Window Egress
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Gas
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- Association fees include insurance, pool, lawn care, scavenger, snow removal
- 6 Units
Building Details
- Electric Expense $454
- Insurance Expense $1,040
- Other Expense $10,368
- Water Sewer Expense $2,132
- Operating Expense $29,319
- Gross Income $75,180
- Net Operating Income $48,861
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2021
Closed on
Mar 29, 2022
Sold by
Uniquebiz Llc Pal2
Bought by
G & D Buildings Llc - 224 228 Rimini
Seller's Agent
Jesse Singh
RE/MAX SAWA
Buyer's Agent
Galya Georgieva
Coldwell Banker Realty
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$344,467
Avg. Annual Appreciation
-16.39%
Original Mortgage
$1,160,000
Outstanding Balance
$810,679
Interest Rate
3.69%
Mortgage Type
Commercial
Estimated Equity
-$430,146
Purchase Details
Closed on
Jan 31, 2017
Sold by
Saxena Amit K and Saxena Poonam
Bought by
Uniquebiz Llc Pal2
Purchase Details
Closed on
Feb 29, 2012
Sold by
Chicago Title Land Trust Company
Bought by
Saxena Amit K and Saxena Poonam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
3.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 3, 2002
Sold by
Barker Robert D and Barker Elizabeth L
Bought by
Cole Taylor Bank and Trust #02-9416
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,600
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| G & D Buildings Llc - 224 228 Rimini | -- | -- | |
| Uniquebiz Llc Pal2 | -- | Attorney | |
| Saxena Amit K | $410,000 | Chicago Title Land Trust Co | |
| Cole Taylor Bank | $520,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | G & D Buildings Llc - 224 228 Rimini | $1,160,000 | |
| Previous Owner | Saxena Amit K | $307,500 | |
| Previous Owner | Cole Taylor Bank | $522,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/02/2022 03/02/22 | Sold | $725,000 | -3.3% | $119 / Sq Ft |
| 12/08/2021 12/08/21 | Pending | -- | -- | -- |
| 10/26/2021 10/26/21 | For Sale | $749,900 | -- | $123 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,727 | $9,212 | $2,050 | $7,162 |
| 2023 | $2,638 | $9,212 | $2,050 | $7,162 |
| 2022 | $2,638 | $9,212 | $2,050 | $7,162 |
| 2021 | $2,080 | $6,404 | $1,280 | $5,124 |
| 2020 | $2,049 | $6,404 | $1,280 | $5,124 |
| 2019 | $2,052 | $7,154 | $1,280 | $5,874 |
| 2018 | $2,016 | $6,488 | $1,152 | $5,336 |
| 2017 | $1,978 | $6,488 | $1,152 | $5,336 |
| 2016 | $1,840 | $6,488 | $1,152 | $5,336 |
| 2015 | $1,939 | $6,312 | $1,024 | $5,288 |
| 2014 | $1,916 | $6,312 | $1,024 | $5,288 |
| 2013 | $1,867 | $6,312 | $1,024 | $5,288 |
Source: Public Records
Agents Affiliated with this Home
-
Jesse Singh
-
Galya Georgieva
Buyer's Agent in 2022
Galya Georgieva
Coldwell Banker Realty
(630) 965-7328
3 in this area
122 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11255408
APN: 02-14-100-083-1106
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