NOT LISTED FOR SALE

Estimated Value: $378,871

12 Beds
8 Baths
2,607 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $233,000 $89 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,632/month

14 Days on Market

Highlights

  • Stamped Concrete Patio
  • Paved or Partially Paved Lot
  • 1-minute walk to Angel Park
  • Forced Air Heating System

About This Home

As of January 2018

Investment opportunity with a 11.4% CAP Rate! Well kept brick 4 unit in great condition! New roof and gutter guards in 2015. All units are 3 bedroom, 2 baths, kitchen, living room, and family room. Laundry hook-ups in all units. Four stoves, 4 refrigerators. Many appliances as of 2015. Each unit has parking spaces. Owner has maintained very well - rarely has vacancy. Individual unit heating (all but one replaced in past two years), water heaters, air conditioning units and electrical service. This is a turn key operation! Well built and well maintained property!

Last Agent to Sell the Property

Kim Campbell

@properties Christie's International Real Estate License #471022204 Listed on: 10/25/2017

@properties Christie's International Real Estate

Last Buyer's Agent

Brian Moran

Keller Williams North Shore West License #471022202

Keller Williams North Shore West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,769

Year Renovated

  • 2000

Lot Details

  • Lot Dimensions are 75 x 130
  • Paved or Partially Paved Lot

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • North Chicago Community High Sch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • English Basement
  • Stamped Concrete Patio

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $42,420
  • Net Operating Income $27,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,769

Year Renovated

2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2000
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2000

Interior Features

  • Basement: English
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Other Equipment: TV-Cable
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Stamped Concrete Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 14448

Schools

  • High School: NORTH CHICAGO COMMUNITY HIGH SCH

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75 X 130
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 27972
  • GrossIncome: 42420
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s,Other

Tax Info

  • Tax Annual Amount: 6768.82
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
Metcalf Putnam Kimberly and Estate Of Evan Metcalf Putnam
Bought by
Blue Path Investments Llc
Current Estimated Value
$378,871

Purchase Details

Listed on
Oct 25, 2017
Closed on
Jan 9, 2018
Sold by
Starsky Property Investments Llc
Bought by
See Steve and Metcalf Putnam Evan
Seller's Agent
Kim Campbell
@properties Christie's International Real Estate
Buyer's Agent
Brian Moran
Keller Williams North Shore West
List Price
$245,000
Sold Price
$233,000
Premium/Discount to List
-$12,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$172,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2014
Closed on
Dec 4, 2014
Sold by
Albarran Luis R
Bought by
Starsky Property Investments Llc
Seller's Agent
David Ayabarreno
RE/MAX Plaza
Buyer's Agent
Kim Campbell
@properties Christie's International Real Estate
List Price
$209,000
Sold Price
$194,000
Premium/Discount to List
-$15,000
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Nov 5, 2001
Sold by
Strickland Dale D and Strickland Sephanie D
Bought by
Albarran Luis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,508
Interest Rate
6.64%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 1999
Sold by
Robinson Kenneth and Celment Robinson Etta D
Bought by
Strickland Dale D and Strickland Stephanie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,900
Interest Rate
7.7%
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
Blue Path Investments Llc $245,000 Chicago Title
See Steve $233,000 First American Title
Starsky Property Investments Llc $194,000 Ct
Albarran Luis R $226,000 --
Strickland Dale D $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner See Steve $172,750
Previous Owner Albarran Luis R $222,508
Previous Owner Strickland Dale D $170,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2018 01/23/18 Sold $233,000 -4.9% $89 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
10/25/2017 10/25/17 For Sale $245,000 +26.3% $94 / Sq Ft
12/04/2014 12/04/14 Sold $194,000 -7.2% $74 / Sq Ft View Prior Sale
11/22/2014 11/22/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $209,000 -- $80 / Sq Ft
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 $7,790 $63,171 $10,237 $52,934
2023 $6,170 $58,233 $9,437 $48,796
2022 $6,170 $44,386 $7,193 $37,193
2021 $5,919 $44,003 $7,131 $36,872
2020 $5,968 $44,246 $7,170 $37,076
2019 $5,968 $43,433 $7,038 $36,395
2018 $7,017 $41,932 $6,795 $35,137
2017 $6,960 $41,231 $6,681 $34,550
2016 $6,769 $39,245 $6,359 $32,886
2015 $6,642 $36,954 $5,988 $30,966
2014 $5,532 $36,953 $5,973 $30,980
2012 $5,085 $37,274 $6,025 $31,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09785808

Midwest Real Estate Data (MRED)

APN: 12-05-314-001