NOT LISTED FOR SALE

2556 E Ballard Rd Des Plaines, IL 60016

4 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: January 12, 2017

Last sale price $170,000

113 Days on Market

Highlights

  • Enclosed Patio or Porch
  • 2 Car Attached Garage
  • Heating System Uses Steam
  • Maine East High School Rated A

About This Home

As of January 2017

This is a solid, 2-unit building in an excellent area! This building needs work but it will make for a beautiful property one day! Live in one unit or rent out both units for income! Both units feature a large LR/DR area just a few steps away from a nicely updated kitchen. The bathrooms are spacious too! All bedrooms are spacious with ample closet space. Close to schools, shopping and transportation. A must see. Show and sell. NOTE: The property is in Flood Zone X, which is the least expensive flood insurance premium. Cash deals only. This property is zoned C-1, which means that if 50% or more of the structure burns down (fire) then it cannot be rebuilt as a single-family dwelling (home, condo, townhouse, 2-4 unit).

Last Agent to Sell the Property

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 09/15/2016

Last Buyer's Agent

Qaiser Khan

Park Shore Realty Inc. License #475137906

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,721

Year Built

  • Built in 1909

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 72x140

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • North Elementary School
  • Chippewa Middle School
  • Maine East High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,721

Year Built

Built in 1909

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Schools

  • Elementary School: NORTH ELEMENTARY SCHOOL
  • High School: MAINE EAST HIGH SCHOOL
  • Middle/Junior School: CHIPPEWA MIDDLE SCHOOL
  • Junior High/Middle School #2: MAINE WEST HIGH SCHOOL
  • Junior High/Middle School #2: IROQUOIS COMMUNITY SCHOOL
  • Elementary School #2: IROQUOIS COMMUNITY SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Dimensions: 72X140
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7721.05
  • Tax Year: 2015
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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
Sep 15, 2016
Closed on
Jan 10, 2017
Sold by
Bought by
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Qaiser Khan
Park Shore Realty Inc.
List Price
$219,900
Sold Price
$170,000
Premium/Discount to List
-$49,900
-22.69%

Purchase Details

Closed on
May 10, 2016
Sold by
Bought by

Purchase Details

Closed on
May 27, 1999
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
$147,250
Interest Rate
0.0675%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Fidelity National Title
-- None Available
$155,000 --
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
Previous Owner $147,250
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
01/12/2017 01/12/17 Sold $170,000 -14.6% --
01/06/2017 01/06/17 Pending -- -- --
10/21/2016 10/21/16 Price Changed $199,000 -9.5% --
09/15/2016 09/15/16 For Sale $219,900 -- --
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 $9,491 $52,000 $8,102 $43,898
2024 $9,491 $36,000 $6,583 $29,417
2023 $9,263 $36,000 $6,583 $29,417
2022 $9,263 $36,000 $6,583 $29,417
2021 $7,594 $24,705 $10,128 $14,577
2020 $7,466 $24,705 $10,128 $14,577
2019 $7,642 $28,397 $10,128 $18,269
2018 $10,076 $33,691 $8,862 $24,829
2017 $9,898 $33,691 $8,862 $24,829
2016 $8,668 $33,691 $8,862 $24,829
2015 $7,721 $28,163 $7,596 $20,567
2014 $7,574 $28,163 $7,596 $20,567
2013 $7,368 $28,163 $7,596 $20,567
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09343732

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.