$810,000
SOLD MAY 7, 2025
-- Bed
-- Bath
-- Sq Ft
15.24 Acres

Recently Sold

13% Below List Price

72 Days on Market

About This Home

As of May 2025

Come check out this unique opportunity to own an arm-chair, multi-family investment property! It is comprised of 6-units, (3) 2-beds / 1-bath & (3) 1-beds / 1-bath. Each unit has in-unit washer & dryer and a dishwasher! The association is an all encompassing association that covers most utilities (water, gas, common area electric), parking lot maintenance, trash & snow removal. The association maintains the roof, boiler, siding, windows, interior common areas. Landlords responsibility are limited to the interior of the units and leasing. Each unit is allowed 2-parking spaces. Very well-maintained property! Please reach out to the listing agent for the full offering memorandum. IMPORTANT TO NOTE -- There is the ability to purchase the neighboring building 2384 Good Speed Lane, Schaumburg, IL -- MLS ID 12208022 as a portfolio!

Last Agent to Sell the Property

Kelsey Zurweller

Horvath & Tremblay IL, LLC License #475205364 Listed on: 11/07/2024

Co-Listed By

John Preston

Horvath & Tremblay IL, LLC License #475188524

Last Buyer's Agent

Kelsey Zurweller

Horvath & Tremblay IL, LLC License #475205364 Listed on: 11/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,085

Year Built

  • Built in 1979

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Additional Features

  • 3-Story Property
  • Additional Parcels

Community Details

Overview

  • Association fees include water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Insurance Expense $4,224
  • Maintenance Expense $3,000
  • Other Expense $17,312
  • Operating Expense $39,621
  • Gross Income $86,100
  • Net Operating Income $42,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,085

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 920000

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Heat/Indiv Controls

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Water, Gas, Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other
  • Janitor Expense: 0
  • Operating Expense Includes: Association,Maintenance Grounds,Maintenance Structure,Parking,Snow Removal,Trash,Utilities,Water/Sewer

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: PER SURVEY

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 42174
  • Insurance Expense: 4224
  • GrossIncome: 86100
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 39621
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15084.86
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
May 6, 2025
Sold by
George & Florence Tabac Family Trust and Tabac George
Bought by
Sargon Boudakh Trust
Seller's Agent
Kelsey Zurweller
Horvath & Tremblay IL, LLC
Buyer's Agent
Kelsey Zurweller
Horvath & Tremblay IL, LLC
List Price
$935,000
Sold Price
$810,000
Premium/Discount to List
-$125,000
-13.37%
Views
130
Current Estimated Value
$136,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$673,706
Avg. Annual Appreciation
-99.29%
Original Mortgage
$1,620,000
Outstanding Balance
$1,614,230
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$1,477,936

Purchase Details

Closed on
Aug 1, 2018
Sold by
Tabac George and Tabac Florence
Bought by
Tabac George and George & Florence Tabac Family Trust Dat

Purchase Details

Listed on
Feb 16, 2016
Closed on
Apr 8, 2016
Sold by
S & B Investments Properties Llc
Bought by
Tabac George and Tabac Florence
Seller's Agent
Roseann Schumacher
Century 21 Langos & Christian
Buyer's Agent
Mike Berg
Berg Properties
List Price
$539,900
Sold Price
$525,000
Premium/Discount to List
-$14,900
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.31%
Original Mortgage
$275,000
Interest Rate
4%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $135,000 Chicago Title
Interfamily Deed Transfer -- None Available
Special Warranty Deed $525,000 Precision Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,620,000 New Conventional
Previous Owner $275,000 Unknown
Previous Owner $1,372,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Sold $810,000 0.0% --
03/07/2025 03/07/25 Off Market $810,000 -- --
01/18/2025 01/18/25 Pending -- -- --
01/04/2025 01/04/25 Price Changed $920,000 -1.6% --
01/03/2025 01/03/25 For Sale $935,000 0.0% --
12/19/2024 12/19/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $935,000 +78.1% --
04/08/2016 04/08/16 Sold $525,000 -2.8% --
02/16/2016 02/16/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $539,900 -- --
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 $2,222 $7,926 $2,397 $5,529
2023 $2,154 $7,926 $2,397 $5,529
2022 $2,154 $7,926 $2,397 $5,529
2021 $1,955 $6,406 $1,640 $4,766
2020 $1,931 $6,406 $1,640 $4,766
2019 $1,944 $7,156 $1,640 $5,516
2018 $1,861 $6,110 $1,324 $4,786
2017 $1,827 $6,110 $1,324 $4,786
2016 $1,876 $6,700 $1,324 $5,376
2015 $1,310 $4,316 $1,198 $3,118
2014 $1,295 $4,316 $1,198 $3,118
2013 $1,263 $4,316 $1,198 $3,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12207955

Midwest Real Estate Data (MRED)

APN: 07-18-200-022-1167