NOT LISTED FOR SALE

271 8th St Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
1970 Built

Last Sold December 28, 2015

Last sale price $472,500

62 Days on Market

About This Home

As of December 2015

Solid, free standing 6-unit investment property, which includes 3-two beds + 3-one beds spacious, well maintained apartments. Property is fully occupied mostly by long time residents, 12 parking spaces and owned washer & dryer. No association and low maintenance due to many improvements. Great turnkey investment.

Last Agent to Sell the Property

Lucas Kristen

Great Lakes Realty Central Inc License #471000643 Listed on: 09/10/2015

Last Buyer's Agent

Tina Paras

Coldwell Banker Realty License #475133681

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,660
  • Insurance Expense $2,650

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Utilities To Site: Water-Community
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 35356
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 637
  • Total Annual Exp: 24474
  • Total Annual Income: 59830
  • Total Monthly Income: 4840
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1970
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1970

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Heat Pump, Hot Water, Baseboard
  • Water Expense: 3000

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 377
  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps

Lot Info

  • Lot Dimensions: 132X100
  • Lot Sq Ft: 13187
  • Parcel Identification Number: 03023130010000

Rental Info

  • Gross Rental Income: 58080
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 3660
  • Insurance Expense: 2650
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 14180
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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
12/28/2015 12/28/15 Sold $472,500 -9.9% --
11/11/2015 11/11/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $524,500 -- --
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 $20,703 $72,000 $11,880 $60,120
2024 $20,703 $61,774 $9,900 $51,874
2023 $19,744 $61,774 $9,900 $51,874
2022 $19,744 $61,774 $9,900 $51,874
2021 $16,148 $43,583 $7,590 $35,993
2020 $15,727 $43,583 $7,590 $35,993
2019 $17,111 $52,219 $7,590 $44,629
2018 $16,348 $44,796 $6,600 $38,196
2017 $16,015 $44,796 $6,600 $38,196
2016 $16,974 $50,876 $6,600 $44,276
2015 $14,535 $40,792 $5,610 $35,182
2014 $14,179 $40,792 $5,610 $35,182
2013 $14,150 $44,093 $5,610 $38,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09034591

Midwest Real Estate Data (MRED)