NOT LISTED FOR SALE

2441 N 78th Ave Elmwood Park, IL 60707

11 Beds
6 Baths
3,688 Sq Ft
4,725 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $783,000 $212 Per Sq Ft

21 Days on Market

About This Home

As of September 2022

This is the investment opportunity you are waiting for. Beautifully maintained six flat featuring five (5) two bedroom apartments and one (1) one bedroom apartment. Bathrooms of five units have been completely updated in the last two years and the sixth unit bathroom update is scheduled for this July. Newer windows throughout. All units have their own hot water boiler. Tenants pay electric and heat. Coin operated laundry and each unit has its own storage unit. Property protected by security system and intercom. Six assigned parking spaces.

Last Agent to Sell the Property

Don Citrano

Compass License #475125520 Listed on: 06/27/2022

Compass

Last Buyer's Agent

Magdalena Pojawis-Pawlowski

HomeSmart Connect LLC License #475187594

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,239

Year Built

  • Built in 1969

Lot Details

  • 4,725 Sq Ft Lot
  • Lot Dimensions are 37.5 x 126.5

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,688 Sq Ft Home
  • 3-Story Property
  • Storage Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $363
  • Fuel Expense $1,716
  • Insurance Expense $2,261
  • Manager Expense $650
  • Other Expense $1,773
  • Trash Expense $2,512
  • Water Sewer Expense $4,609
  • Operating Expense $16,884
  • Gross Income $76,200
  • Net Operating Income $46,077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,239

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 3
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 815000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Hot Water,Separate Per Unit

Condo/Co-op/Association

  • Manager Expense: 650
  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 2512
  • Water Sewer Expenses: 4609
  • Janitor Expense: 3000
  • Operating Expense Includes: Accounting,Licenses,Security

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 37.5 X 126.5
  • Lot Size Sq Ft: 4725
  • Zoning: MULTI
  • Alternate Phone Number: (630) 215-7808

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 16

Building Info

  • BuildingAreaTotal: 3688

Multi Family

  • Net Operating Income: 46077
  • Fuel Expense: 1716
  • Insurance Expense: 2261
  • ElectricExpense: 363
  • GrossIncome: 76200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 16884
  • Expense Year: 2021
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13239
  • Tax Year: 2020

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $783,000 -3.9% $212 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $815,000 -- $221 / Sq Ft
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: 11447543

Midwest Real Estate Data (MRED)