NOT LISTED FOR SALE

25 N Hillside Ave Hillside, IL 60162

Hillside Area
16 Beds
14 Baths
-- Sq Ft
1962 Built

Sale Details

Date Sold: June 6, 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.
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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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2022
Closed on
Jun 1, 2023
Sold by
Bought by
Seller's Agent
John Warren
Forte Properties, Inc.
Buyer's Agent
Dilip Patel
Core Realty & Investments Inc.
List Price
$1,375,000
Sold Price
$1,200,000
Premium/Discount to List
-$175,000
-12.73%
Views
198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Outstanding Balance
$395,034
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 21, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$969,000
Interest Rate
7.25%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hillside, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,200,000 Chicago Title
$975,000 First American Title
$770,000 First American Title
$642,000 Chicago Title Insurance Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $940,000
Previous Owner $575,000
Previous Owner $568,000
Previous Owner $969,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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