NOT LISTED FOR SALE

2509 Live Oak Dr Crest Hill, IL 60403

Estimated Value: $215,000 - $1,087,705

-- Bed
1 Bath
-- Sq Ft
0.6 Acres

Last Sold September 27, 2021

Last sale price $882,005

Est. 49% decrease in value since last sale

Current estimated payment $2,845/month

13 Days on Market

Highlights

  • 0.6 Acre Lot
  • Troy Craughwell Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Rare Investment Opportunity! 2509/2511/2513/2515/2517/2519 Live Oak Dr for sale, each with different PIN #s. 3 duplexes built in 1995 sitting side by side for a total of 6 units. Fully rented units with good rental history. 2513-15 is a 3 bed 2 bath & the other units are 3 bed 1.5 bath. Each unit has a deep 1 car garage and a big back yard. Middle units are each 1312 sf & the other units are each 1164 sf. Tenants pay all utilities. Current rents range from $1175-$1395. Roof on 2509-11 is 4 yrs old.

Last Agent to Sell the Property

Peter Fleming

Marquette Properties, Inc License #471007276 Listed on: 06/10/2021

Co-Listed By

Mike Fleming

Marquette Properties, Inc License #475130622

Last Buyer's Agent

Chenping Ni

Concentric Realty, Inc License #475174898

Concentric Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,255

Year Built

  • Built in 1995

Lot Details

  • 0.6 Acre Lot
  • Additional Parcels

Home Design

  • Gable Roof Shape
  • Wood Frame Construction
  • Composition Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Parking

  • 6 Parking Spaces
  • 6 to 12 Parking Spaces

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,255

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 1995
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Crawl
  • Bathroom 1: 1.1
  • Bathroom 2: 2

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road
  • List Price: 899000
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding
  • Roof Structure: Gable

Garage/Parking

  • ParkingTotal: 6
  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.6
  • Lot Dimensions: 26095
  • Lot Size Sq Ft: 26095
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 17
  • Tenancy Type: Leases

Multi Family

  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 26255
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Sep 27, 2021
Sold by
Ellis Enterprises Inc
Bought by
Price Land Capital Llc
Seller's Agent
Peter Fleming
Marquette Properties, Inc
Buyer's Agent
Chenping Ni
Concentric Realty, Inc
List Price
$899,000
Sold Price
$882,005
Premium/Discount to List
-$16,995
-1.89%
Total Days on Market
13
Current Estimated Value
$446,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$435,829
Avg. Annual Appreciation
-16.51%
Original Mortgage
$1,056,897
Outstanding Balance
$911,889
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$475,574

Purchase Details

Closed on
Aug 14, 2002
Sold by
First Midwest Bank
Bought by
Ellis John W and Ellis Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.29%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 28, 2001
Sold by
Ellis John and Ellis Donna
Bought by
First Midwest Trust Company Natl Assn and Trust #6670

Purchase Details

Closed on
Feb 15, 1995
Sold by
Elghoul Issa
Bought by
Ellis John W and Ellis Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
9.26%
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
Price Land Capital Llc $882,005 Greater Illinois Title Co
Ellis Enterprises Inc -- Greater Illinois Title Co
Ellis John W -- Chicago Title Insurance Comp
First Midwest Trust Company Natl Assn -- Chicago Title Insurance Co
Ellis John W $86,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Land Capital Llc $1,056,897
Previous Owner Ellis John $200,000
Previous Owner Ellis John W $80,000
Previous Owner Ellis John W $215,000
Previous Owner Ellis John W $68,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $882,005 -1.9% --
06/24/2021 06/24/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $899,000 -- --
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
2023 $4,969 $49,421 $9,720 $39,701
2022 $4,460 $46,765 $9,198 $37,567
2021 $4,184 $43,994 $8,653 $35,341
2020 $4,200 $43,994 $8,653 $35,341
2019 $4,046 $42,200 $8,300 $33,900
2018 $3,754 $38,100 $8,300 $29,800
2017 $3,573 $35,600 $8,300 $27,300
2016 $3,491 $33,630 $8,300 $25,330
2015 $2,745 $27,268 $7,268 $20,000
2014 $2,745 $25,603 $7,268 $18,335
2013 $2,745 $25,603 $7,268 $18,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11118616

Midwest Real Estate Data (MRED)

APN: 05-06-01-203-079