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

Sale Details

Date Sold: December 7, 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

Berkshire Hathaway HomeServices Starck Real Estate Brokerage Phone: (630) 697-1180 License #475179278 Listed on: 09/22/2022

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Juliet Mills

Berkshire Hathaway HomeServices Chicago License #475126577

Berkshire Hathaway HomeServices Chicago
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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
  • Parking Available
  • 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

8,712 Sq Ft Lot

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
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (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 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

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Side Apron, Owned, Garage
  • ParkingTotal: 9

Utilities

  • Sewer: Public Sewer, Storm Sewer
  • 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

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
Sep 22, 2022
Closed on
Dec 7, 2022
Sold by
Bought by
Seller's Agent
Paul Molidor
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Juliet Mills
Berkshire Hathaway HomeServices Chicago
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 26, 2022
Sold by
Bought by

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
Seller's Agent
Frank Jendo
Jam Realty Co
Buyer's Agent
Paul Molidor
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$539,900
Sold Price
$545,000
Premium/Discount to List
$5,100
0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,451
Interest Rate
2.67%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 29, 2012
Closed on
Sep 12, 2012
Sold by
Bought by
Seller's Agent
Patrick Brushaber
Patrick R. E. Group of IL
Buyer's Agent
George Chaharbakhski
Sky High Real Estate Inc.
List Price
$419,900
Sold Price
$382,500
Premium/Discount to List
-$37,400
-8.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$369,734
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 2004
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
$269,500
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2004
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
$269,500
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2003
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
$270,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 17, 2003
Sold by
Bought by

Purchase Details

Closed on
May 7, 2001
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
$225,000
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 1999
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
$225,000
Interest Rate
7.43%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Itasca, IL

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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
$640,000 Citywide Title
-- First American Title
$545,000 Chicago Title
-- Chicago Title Insurance Comp
$382,500 Chicago Title Insurance Comp
-- Law Title
-- Law Title
-- Law Title Pick Up
-- --
-- Stewart Title Company
$325,000 --
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
Open $765,000
Closed $300,000
Previous Owner $520,451
Previous Owner $350,325
Previous Owner $369,734
Previous Owner $266,000
Previous Owner $269,500
Previous Owner $270,000
Previous Owner $10,000
Previous Owner $273,469
Previous Owner $50,000
Previous Owner $225,000
Previous Owner $225,000
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 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

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
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)
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