NOT LISTED FOR SALE

27 N Brainard Ave La Grange, IL 60525

36 Beds
25 Baths
30,000 Sq Ft
1930 Built

Sale Details

Date Sold: December 11, 2023

Last sale price $4,800,000 $160 Per Sq Ft

3 Days on Market

Highlights

  • Central Heating
  • 3-minute walk to Lagrange/Stone Avenue Station
  • 3-minute walk to Stone Park
  • Ogden Ave Elementary School Rated A

About This Home

As of December 2023

Great Building

Last Agent to Sell the Property

Adam Butusov

Westmont Realty, LLC License #471022355 Listed on: 02/11/2023

Westmont Realty, LLC

Co-Listed By

Tripp Butusov

Charles Rutenberg Realty of IL License #475177683

Last Buyer's Agent

Anish Sheth

Third Coast Realty LLC License #475145138

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $53,595

Year Built

  • Built in 1930

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Rubber Roof

Interior Spaces

  • 30,000 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 36 Bedrooms
  • 25 Bathrooms

Lot Details

  • Lot Dimensions are 50 x 136
  • Additional Parcels

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 25 Units

Building Details

  • Electric Expense $2,400
  • Fuel Expense $20,432
  • Insurance Expense $15,271
  • Maintenance Expense $12,500
  • Manager Expense $10,000
  • Other Expense $56,212
  • Trash Expense $4,779
  • Water Sewer Expense $11,294
  • Operating Expense $203,442
  • Gross Income $461,940
  • Net Operating Income $270,497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$53,595

Year Built

Built in 1930

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1930
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 25
  • Total Bedrooms: 36
  • Possible Use: Condominium
  • Fireplaces: 3
  • Number of Washers: 3
  • Room: 0

Exterior Features

  • Roof: Membrane, Rubber
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Manager Expense: 10000

Fee Information

  • Trash Expense: 4779
  • Water Sewer Expenses: 11294
  • Operating Expense Includes: Other,Pest Control,Vacancy Allowance

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50 X 136
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 30000

Multi Family

  • Net Operating Income: 270497
  • Fuel Expense: 20432
  • Insurance Expense: 15271
  • ElectricExpense: 2400
  • GrossIncome: 461940
  • Maintenance Expense: 12500
  • NumberOfUnitsTotal: 25
  • OperatingExpense: 203442
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 53595
  • 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
12/11/2023 12/11/23 Sold $4,800,000 -8.6% $160 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
02/11/2023 02/11/23 For Sale $5,250,000 0.0% $175 / Sq Ft
07/10/2018 07/10/18 Rented $1,600 0.0% --
07/07/2018 07/07/18 Under Contract -- -- --
06/01/2018 06/01/18 For Rent $1,600 0.0% --
05/31/2018 05/31/18 Under Contract -- -- --
05/14/2018 05/14/18 For Rent $1,600 -- --
Source: Midwest Real Estate Data (MRED)

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 $55,518 $223,810 $19,081 $204,729
2024 $55,518 $223,810 $19,081 $204,729
2023 $53,314 $223,810 $19,081 $204,729
2022 $53,314 $181,572 $26,019 $155,553
2021 $51,211 $181,572 $26,019 $155,553
2020 $50,123 $181,572 $26,019 $155,553
2019 $29,490 $106,893 $19,947 $86,946
2018 $28,928 $106,893 $19,947 $86,946
2017 $28,163 $106,893 $19,947 $86,946
2016 $38,092 $130,186 $18,213 $111,973
2015 $35,609 $130,186 $18,213 $111,973
2014 $35,047 $130,186 $18,213 $111,973
2013 $35,836 $135,648 $12,575 $123,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11717372

Midwest Real Estate Data (MRED)
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