NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,383,709

33 Beds
18 Baths
-- Sq Ft
0.91 Acres

Last Sold October 23, 2015

Last sale price $655,000

Est. 83% increase in value since last sale

Current estimated payment $9,013/month

313 Days on Market

About This Home

As of October 2015

PRICED TO SELL Across from Shiloh Park, this 18 unit multi-family building has a historically high occupancy and is currently 100% leased. Many of the units have been recently renovated and upgraded. The property includes an 18 car parking lot and spaces are included in the rent. A number of capital improvements have been made recently. This arm-chair investment has significant upside potential through increased rent

Last Agent to Sell the Property

Chet Evans

Millennium Properties RE, Inc. Listed on: 09/04/2014

Last Buyer's Agent

Chet Evans

Millennium Properties RE, Inc. Listed on: 09/04/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,188

Year Built

  • Built in 1969

Lot Details

  • 0.91

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 18 Bathrooms

Additional Features

  • 3-Story Property
  • 0.91 Acre Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 18 Units

Building Details

  • Gross Income $145,042
  • Net Operating Income $72,179

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,188

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 18
  • Total Bedrooms: 33
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 699000

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls,Electric

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.91
  • Lot Dimensions: 40000
  • Lot Size Sq Ft: 40000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 72179
  • GrossIncome: 145042
  • NumberOfUnitsTotal: 18
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 32188
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2021
Sold by
West Ridge Capital Iii Llc
Bought by
Bottomline Innovators Ii Llc
Current Estimated Value
$1,201,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$615,107
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$538,241

Purchase Details

Closed on
Jun 22, 2017
Sold by
Rstc Partners Llc
Bought by
West Ridge Capital Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
1.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 4, 2014
Closed on
Sep 30, 2015
Sold by
2330 Gabriel Ave Llc
Bought by
Grantee Rstc Partners Llc
Seller's Agent
Chet Evans
Millennium Properties RE, Inc.
Buyer's Agent
Chet Evans
Millennium Properties RE, Inc.
List Price
$815,000
Sold Price
$655,000
Premium/Discount to List
-$160,000
-19.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$476,250
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2011
Sold by
Zion Properties Llc
Bought by
2330 Gabriel Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2009
Sold by
Solko Keith and Solko Mary
Bought by
Zion Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2006
Sold by
Lake Point Terrace Llc
Bought by
Solko Keith and Solko Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,888,500
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2004
Sold by
Scott Glenn and Scott Donna
Bought by
Lake Point Terrace Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,699
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2002
Sold by
Bank Of Waukegan
Bought by
Scott Glenn and Scott Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,433
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 1994
Sold by
Hidalgo Carlos and Hidalgo Marjorie A
Bought by
Bank Of Waukegan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bottomline Innovators Ii Llc $900,000 Attorneys Ttl Guaranty Fund
West Ridge Capital Iii Llc $1,923,000 Aqust Title
Grantee Rstc Partners Llc $655,000 Greater Illinois Title Co
2330 Gabriel Ave Llc $515,000 Ct
Zion Properties Llc -- Chicago Title Insurance Co
Solko Keith $870,000 Chicago Title Insurance Co
Lake Point Terrace Llc $760,000 Multiple
Scott Glenn $648,000 --
Bank Of Waukegan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bottomline Innovators Ii Llc $675,000
Previous Owner West Ridge Capital Iii Llc $584,500
Previous Owner West Ridge Capital Iii Llc $492,000
Previous Owner Grantee Rstc Partners Llc $476,250
Previous Owner 2330 Gabriel Ave Llc $381,000
Previous Owner 2330 Gabriel Ave Llc $386,250
Previous Owner Zion Properties Llc $469,000
Previous Owner Solko Keith $2,888,500
Previous Owner Lake Point Terrace Llc $796,699
Previous Owner Scott Glenn $726,433
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2016 02/01/16 Off Market $655,000 -- --
10/23/2015 10/23/15 Sold $655,000 -19.6% --
07/14/2015 07/14/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $815,000 -- --
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 $29,614 $240,248 $37,902 $202,346
2023 $30,197 $214,201 $33,793 $180,408
2022 $30,197 $211,265 $27,600 $183,665
2021 $31,266 $198,185 $25,891 $172,294
2020 $30,659 $186,404 $24,352 $162,052
2019 $29,655 $173,642 $22,685 $150,957
2018 $30,644 $173,642 $22,685 $150,957
2017 $30,754 $161,078 $21,044 $140,034
2016 $29,195 $166,573 $19,103 $147,470
2015 $32,429 $151,141 $17,333 $133,808
2014 $32,188 $154,919 $20,091 $134,828
2012 $26,500 $164,983 $21,396 $143,587
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08718976

Midwest Real Estate Data (MRED)

APN: 04-21-100-015