NOT LISTED FOR SALE

Estimated Value: $357,000 - $422,711

8 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold October 05, 2021

Last sale price $300,000

Est. 29% increase in value since last sale

Current estimated payment $2,908/month

76 Days on Market

About This Home

As of October 2021

Great Rare Investment Opportunity on this Solid Brick 4 Unit 2 sitting on a 50 x 200 lot. 2 Bedrooms 1 Bath in each unit. Fully Occupied Positive Cash Flow Machine producing $47,580 a year gross. Units 2, 3 & 4 recently remodeled with new Kitchen sinks, Kitchen flooring & new stoves and refrigerators in each unit in 2020. Tenants have access to the basement. Updated Electric 5 100 amp services & Plumbing 5 Hot Water Tanks . There are 4 storage units for each apt. & 1 for the owner. Tenants have access to a coin operated washer & dryer also in the Basement. Parking is in the rear

Last Agent to Sell the Property

Willie Simpson

RE/MAX Plaza License #475132200 Listed on: 06/03/2021

RE/MAX Plaza

Last Buyer's Agent

Jose Mejia

New Century Real Estate License #475100368

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,582

Year Built

  • Built in 1963 | Remodeled in 2020

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 51x200

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,582

Year Built

Built in 1963 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • List Price: 300000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Public

Schools

  • Middle/Junior School District: 6

Lot Info

  • Lot Size Acres: 0.23
  • Lot Dimensions: 51X200
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 8582.24
  • Tax Year: 2020

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Sep 29, 2021
Sold by
Hansen William S
Bought by
Rainey Kyle S and Rainey Brendy Y
Seller's Agent
Willie Simpson
RE/MAX Plaza
Buyer's Agent
Jose Mejia
New Century Real Estate
Sold Price
$300,000
Current Estimated Value
$385,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,570
Avg. Annual Appreciation
3.70%
Original Mortgage
$240,000
Outstanding Balance
$221,357
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$122,780

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 22, 2016
Sold by
Gliese Development
Bought by
Hansen William S
Seller's Agent
Adam Taylor
PRS Realty LLC
Buyer's Agent
Willie Simpson
RE/MAX Plaza
List Price
$185,000
Sold Price
$155,000
Premium/Discount to List
-$30,000
-16.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%

Purchase Details

Listed on
Oct 24, 2012
Closed on
Nov 16, 2012
Sold by
Attiah Investments Llc
Bought by
Gliese Development A Series Of Active Re
Seller's Agent
Alexander Attiah
Fulton Grace Realty
Buyer's Agent
Adam Taylor
PRS Realty LLC
List Price
$69,900
Sold Price
$70,100
Premium/Discount to List
$200
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.92%

Purchase Details

Closed on
Oct 9, 2009
Sold by
The Bank Of New York Mellon
Bought by
Attiah Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,750
Interest Rate
5.05%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2009
Sold by
Frazee Daniel
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Oct 28, 2005
Sold by
Hankins Alex and Hankins Doris J
Bought by
Frazee Daniel and Frazee Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 2, 2003
Sold by
Summers Gregory R
Bought by
Hankins Alex and Hankins Doris J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,300
Interest Rate
5.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2002
Sold by
Schultz Arthur V and Schultz Linda K
Bought by
Summers Gregory R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,450
Interest Rate
8.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 27, 2000
Sold by
Puebla Hector and Puebla Alicia
Bought by
Schultz Arthur V and Schultz Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,400
Interest Rate
8.21%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1998
Sold by
Bank Of Waukegan
Bought by
Puebla Hector and Puebla Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.32%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Rainey Kyle S $300,000 Stewart Title
Hansen William S $155,000 Stewart Title
Gliese Development A Series Of Active Re $70,100 None Available
Attiah Investments Llc $37,333 Attorneys Title Guaranty Fun
The Bank Of New York Mellon -- None Available
Frazee Daniel $213,000 Ticor
Hankins Alex $197,000 Multiple
Summers Gregory R $177,000 --
Schultz Arthur V $172,000 --
Puebla Hector $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rainey Kyle S $240,000
Previous Owner Gilese Development Llc $232,500
Previous Owner Attiah Investments Llc $36,750
Previous Owner Frazee Daniel $170,400
Previous Owner Frazee Daniel $42,600
Previous Owner Hankins Alex $177,300
Previous Owner Summers Gregory R $150,450
Previous Owner Schultz Arthur V $120,400
Previous Owner Puebla Hector $118,000
Closed Summers Gregory R $17,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $300,000 0.0% --
08/20/2021 08/20/21 Pending -- -- --
07/08/2021 07/08/21 For Sale -- -- --
06/17/2021 06/17/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $300,000 +93.5% --
07/27/2016 07/27/16 Sold $155,000 -13.4% --
07/08/2016 07/08/16 Pending -- -- --
06/14/2016 06/14/16 Price Changed $179,000 -3.2% --
05/25/2016 05/25/16 For Sale $185,000 +163.9% --
11/16/2012 11/16/12 Sold $70,100 +0.3% --
10/31/2012 10/31/12 Pending -- -- --
10/24/2012 10/24/12 For Sale $69,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $9,344 $75,805 $11,598 $64,207
2023 $8,739 $67,587 $10,341 $57,246
2022 $8,739 $61,142 $10,488 $50,654
2021 $9,049 $57,357 $9,839 $47,518
2020 $8,873 $53,947 $9,254 $44,693
2019 $8,582 $50,253 $8,620 $41,633
2018 $8,868 $50,252 $8,619 $41,633
2017 $8,900 $46,616 $7,995 $38,621
2016 $8,449 $42,317 $7,258 $35,059
2015 $8,239 $38,397 $6,586 $31,811
2014 $4,292 $41,311 $6,489 $34,822
2012 $3,089 $21,997 $6,911 $15,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11110752

Midwest Real Estate Data (MRED)

APN: 04-21-301-002