NOT LISTED FOR SALE
8 Beds
6 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold December 07, 2022

Last sale price $640,000

8 Days on Market

Highlights

  • 3 Car Detached Garage
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Elmer H Franzen Intermediate School Rated A
  • Baseboard Heating
  • 2-minute walk to Itasca Park District

About This Home

As of December 2022

Incredible opportunity to own this updated investment property located within HIGHLY rated school district and close to downtown Itasca! Wonderful 3-unit building with 8 total bedrooms and over 4300 square feet of living space. Beautiful freshly painted throughout all units, updated kitchen cabinets, new dishwasher, modern blinds and ceiling fan, new roof (2 years) and first floor boiler replaced in 2021. Three car insulated garage and plenty of additional parking spaces. Close to Metro train station, downtown shopping and fantastic restaurants, and enjoy the near by parks and river walk. Whether you are looking to reside here or rent it out...come check out this ideal income producing property!!!

Last Agent to Sell the Property

Paul Molidor

Keller Williams Inspire - Geneva License #475179278 Listed on: 09/22/2022

Keller Williams Inspire - Geneva

Last Buyer's Agent

Juliet Mills

Berkshire Hathaway HomeServices Chicago License #475126577

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,619

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 65x135
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 6 Bathrooms

Schools

  • Raymond Benson Primary Elementary School
  • F E Peacock Middle School
  • Lake Park High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $35
  • Fuel Expense $75
  • Insurance Expense $1,386
  • Gross Income $57,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,619

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1980
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • AttributionContact: (630) 697-1180
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Disposal,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Walk-In Closet

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Side Apron
  • ParkingTotal: 6
  • Number of Cars: 9
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Baseboard, Radiant, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense Year: 0

Schools

  • Elementary School: Raymond Benson Primary School
  • High School: Lake Park High School
  • Middle/Junior School: F E Peacock Middle School

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 65X135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 75
  • Insurance Expense: 1386
  • ElectricExpense: 35
  • GrossIncome: 57240
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9619.36
  • Tax Year: 2021
  • Tax Exemptions: None
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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 Prior Sale
12/07/2022 12/07/22 Sold $640,000 -1.5% --
10/01/2022 10/01/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $650,000 +19.3% --
02/05/2021 02/05/21 Sold $545,000 +0.9% -- View Prior Sale
12/10/2020 12/10/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $539,900 +41.2% --
12/12/2012 12/12/12 Off Market $382,500 -- --
09/13/2012 09/13/12 Sold $382,500 -8.9% -- View Prior Sale
06/02/2012 06/02/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $419,900 -- --
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 $11,852 $172,275 $66,486 $105,789
2023 $11,417 $158,370 $61,120 $97,250
2022 $10,094 $141,400 $54,570 $86,830
2021 $9,619 $135,440 $52,270 $83,170
2020 $9,277 $129,730 $50,070 $79,660
2019 $9,080 $124,740 $48,140 $76,600
2018 $8,196 $115,250 $44,160 $71,090
2017 $7,708 $110,150 $42,210 $67,940
2016 $7,458 $101,700 $38,970 $62,730
2015 $7,235 $93,950 $36,000 $57,950
2014 $8,891 $108,880 $27,220 $81,660
2013 $9,182 $111,110 $27,780 $83,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11635499

Midwest Real Estate Data (MRED)