NOT LISTED FOR SALE

270 8th St Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
1980 Built

Last Sold March 31, 2023

Last sale price $750,000

157 Days on Market

Highlights

  • Courtyard
  • Wheeling High School Rated A
  • 1-minute walk to Northside Park

About This Home

As of March 2023

Well-maintained, 6-unit brick building in the highly sought-after suburb of Wheeling. The building consists of 3-2 bedroom units and 3-1 bedroom units. All units with tile floors, eat-in kitchen, oak cabinets, including gas stove/oven. Newly asphalt on the parking lot that has 12 assigned spaces. Coin laundry on the 1st floor and newly installed surveillance camera system. The building is rented to full capacity including some long-term tenants. Award-winning District 21/214 schools. Ideal location near Metra train, 94/294, parks, forest preserves, shopping, restaurant row on Milwaukee, fitness centers, Wheeling Aquatic Center, and much more!

Last Agent to Sell the Property

Raza Hussain

City Habitat Realty LLC License #475144108 Listed on: 08/29/2022

Co-Listed By

Lavinia Shimkus

City Habitat Realty LLC License #471012350

Last Buyer's Agent

Pablo Ayala

RE/MAX Suburban License #475141844

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,479

Year Built

  • Built in 1980

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Courtyard
  • Lot Dimensions are 130x100

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $380
  • Fuel Expense $4,800
  • Insurance Expense $3,000
  • Trash Expense $880
  • Water Sewer Expense $3,900
  • Operating Expense $29,539
  • Gross Income $6,840
  • Net Operating Income $55,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,479

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 3
  • Year Built: 1980
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required,List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Possible Use: Multi-Family, Single Family
  • Basement Description: Slab
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 799000
  • Roof: Composition
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 880
  • Water Sewer Expenses: 3900
  • Janitor Expense: 1100

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 130X100
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 55541
  • Fuel Expense: 4800
  • Insurance Expense: 3000
  • ElectricExpense: 380
  • GrossIncome: 6840
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29539
  • Expense Year: 2021
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 15479
  • Tax Year: 2020

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2023 03/31/23 Sold $750,000 0.0% --
02/28/2023 02/28/23 Off Market $750,000 -- --
02/03/2023 02/03/23 Pending -- -- --
08/29/2022 08/29/22 For Sale $799,000 +15.0% --
11/23/2021 11/23/21 Sold $695,000 -0.3% -- View Prior Sale
08/27/2021 08/27/21 For Sale $697,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11616431

Midwest Real Estate Data (MRED)