NOT LISTED FOR SALE

25 N Hillside Ave Hillside, IL 60162

16 Beds
14 Baths
-- Sq Ft
1962 Built

Last Sold June 06, 2023

Last sale price $1,200,000

104 Days on Market

About This Home

As of June 2023

Cash cow for sale! 14 unit apartment complex for sale in Hillside, IL. This complex features a desirable unit mix with two 2 bed/1 bath units and twelve 1 bed/1 bath units. Both buildings feature laundry rooms for added income, and there is ample parking at the building. Located in a quiet pocket of Hillside, this complex is the perfect addition to your portfolio.

Last Agent to Sell the Property

John Warren

Forte Properties, Inc. License #471020680 Listed on: 11/14/2022

Co-Listed By

Sharon Knickerbocker

Forte Properties, Inc. License #475180755

Last Buyer's Agent

Dilip Patel

Core Realty & Investments Inc. License #475173179

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,352

Year Built

  • Built in 1962

Home Design

  • Garden Apartment

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Additional Features

  • 2-Story Property
  • Additional Parcels
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 14 Units

Building Details

  • Electric Expense $840
  • Fuel Expense $9,500
  • Insurance Expense $4,500
  • Maintenance Expense $5,600
  • Manager Expense $8,700
  • Other Expense $8,700
  • Trash Expense $1,800
  • Water Sewer Expense $6,720
  • Operating Expense $80,712
  • Gross Income $177,600
  • Net Operating Income $96,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,352

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 14
  • Total Bedrooms: 16
  • Room: 0

Utilities

  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Manager Expense: 8700

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 6720

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 9400

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 96888
  • Fuel Expense: 9500
  • Insurance Expense: 4500
  • ElectricExpense: 840
  • GrossIncome: 177600
  • Maintenance Expense: 5600
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 80712
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 34352
  • Tax Year: 2021
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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 List to Sale Price per Sq Ft
06/06/2023 06/06/23 Sold $1,200,000 -2.4% --
02/27/2023 02/27/23 Pending -- -- --
02/22/2023 02/22/23 Price Changed $1,230,000 -4.3% --
12/08/2022 12/08/22 Price Changed $1,285,000 -6.5% --
11/14/2022 11/14/22 For Sale $1,375,000 -- --
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
2025 $16,403 $48,001 $3,416 $44,585
2024 $16,403 $48,001 $3,416 $44,585
2023 $13,086 $48,001 $3,416 $44,585
2022 $13,086 $34,882 $2,950 $31,932
2021 $12,826 $34,880 $2,949 $31,931
2020 $12,480 $34,880 $2,949 $31,931
2019 $12,385 $32,479 $2,639 $29,840
2018 $12,033 $32,479 $2,639 $29,840
2017 $11,576 $32,479 $2,639 $29,840
2016 $10,307 $28,338 $2,328 $26,010
2015 $9,976 $28,338 $2,328 $26,010
2014 $9,715 $28,338 $2,328 $26,010
2013 $9,137 $29,135 $2,328 $26,807
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11673125

Midwest Real Estate Data (MRED)