NOT LISTED FOR SALE

2334 N 74th Ave Elmwood Park, IL 60707

6 Beds
4 Baths
-- Sq Ft
1920 Built

Last Sold March 08, 2024

Last sale price $450,000

30 Days on Market

Highlights

  • First Floor Utility Room
  • Outdoor Storage
  • Ceiling Fan
  • Brick Porch or Patio
  • Forced Air Heating System
  • 3-minute walk to Central Park

About This Home

As of March 2024

Outstanding Elmwood Park ((Legal 2 unit)) with a finished basement. 2334 North 74th Avenue is a multi-family property that is in fantastic condition. The top floor is a 2 bed 1 bath rental unit leased for $1500 per month, that lease ends October of 2025. The 1st floor Owners unit is a 3-bed 2 bath unit and rental comps and or projections are at $1,700 conservatively for that unit. . The property has beautiful hardwood floors throughout, Ceramic tiles in the kitchens and marble tiles throughout the bathrooms, Beautiful oak cabinets throughout the entire property. In the basement, there is a hookup for two sets of washers and dryers. Hot water tank electrical panels and your furnaces. The basement also has two storage units for the first and the second floors. The basement is nice and dry and gets zero water down there. The backyard is fully fenced in, has a beautiful a paver brick patio in three parking spots in the rear of the PVC fence. FYI: The rents from the 1st floor is a projection. ((The building is being sold as a Legal 2 Unit property)). The owner and the listing broker make no representation about the legality of the basement unit)).

Last Agent to Sell the Property

David Mishel

Compass License #475159283 Listed on: 01/09/2024

Compass

Last Buyer's Agent

Ana Sandoval

Compass License #475164047

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,424

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 30x125
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • First Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 3 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Brick Porch or Patio
  • Outdoor Storage

Schools

  • Elmwood Elementary School
  • Elmwood Park High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $792
  • Fuel Expense $1,620
  • Insurance Expense $1,461
  • Trash Expense $1,200
  • Water Sewer Expense $1,310
  • Gross Income $3,200
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,424

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Room Type: Utility Room-1st Floor, Utility Room-2nd Floor
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Patio, Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 449888
  • OtherStructures: Storage
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Alley, Alley Access
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 1310
  • Trash Expense Year: 2023

Schools

  • Elementary School: Elmwood Elementary School
  • High School: Elmwood Park High School
  • Middle/Junior School District: 401

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 38400
  • Fuel Expense: 1620
  • Insurance Expense: 1461
  • ElectricExpense: 792
  • GrossIncome: 3200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 8423.56
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Range of Values:

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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 Change Sq Ft Price
03/08/2024 03/08/24 Sold $450,000 0.0% --
02/09/2024 02/09/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $449,888 0.0% --
02/03/2024 02/03/24 Off Market $450,000 -- --
02/03/2024 02/03/24 For Sale $449,888 0.0% --
01/16/2024 01/16/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $449,888 +36.3% --
11/15/2018 11/15/18 Sold $330,000 0.0% --
09/20/2018 09/20/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $329,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11950937

Midwest Real Estate Data (MRED)