NOT LISTED FOR SALE
-- Bed
14 Baths
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: June 10, 2021

Last sale price $2,500,000

7 Days on Market

About This Home

As of June 2021

14 unit building in Gold Coast A+ location! Value add opportunity. R

Last Agent to Sell the Property

Andrew Perkins

Jameson Sotheby's Intl Realty License #475147312 Listed on: 12/01/2020

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Malek Abdulsamad

Compass License #471018795

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,698

Year Built

  • Built in 1970

Lot Details

  • 2,614

Interior Spaces

  • 14 Bathrooms
  • 4-Story Property

Additional Features

  • 2,614 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 14 Units

Building Details

  • Electric Expense $1,357
  • Fuel Expense $1,665
  • Insurance Expense $3,497
  • Maintenance Expense $17,173
  • Trash Expense $2,195
  • Water Sewer Expense $2,482
  • Operating Expense $35,747
  • Gross Income $192,000
  • Net Operating Income $156,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,698

Year Built

Built in 1970

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 4
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 14
  • Room: 0

Utilities

  • Heat/Ventilation: Wall Unit

Fee Information

  • Trash Expense: 2195
  • Water Sewer Expenses: 2482

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 22 * 129

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 156253
  • Fuel Expense: 1665
  • Insurance Expense: 3497
  • ElectricExpense: 1357
  • GrossIncome: 192000
  • Maintenance Expense: 17173
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 35747
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 21698
  • Tax Year: 2019

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

Closed on
Jul 18, 2022
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
$2,000,000
Interest Rate
0.0581%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2020
Closed on
May 13, 2021
Sold by
Bought by
Seller's Agent
Andrew Perkins
Jameson Sotheby's Intl Realty
Buyer's Agent
Malek Abdulsamad
Compass
List Price
$2,395,000
Sold Price
$2,500,000
Premium/Discount to List
$105,000
4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
0.029%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2008
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
$1,402,400
Interest Rate
0.0575%
Mortgage Type
Commercial
Source: Public Records
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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
$2,830,000 Fidelity National Title
$2,500,000 Chicago Title
$1,682,500 Cti
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
Open $2,000,000
Previous Owner $3,500,000
Previous Owner $1,402,400
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
06/10/2021 06/10/21 Sold $2,500,000 +4.4% --
12/08/2020 12/08/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $2,395,000 -- --
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 $24,714 $178,901 $84,115 $94,786
2024 $24,714 $178,901 $84,115 $94,786
2023 $24,092 $117,136 $74,498 $42,638
2022 $24,092 $117,136 $74,498 $42,638
2021 $23,555 $117,134 $74,497 $42,637
2020 $24,059 $108,000 $74,497 $33,503
2019 $21,699 $108,000 $74,497 $33,503
2018 $21,334 $108,000 $74,497 $33,503
2017 $18,296 $84,992 $60,952 $24,040
2016 $17,023 $84,992 $60,952 $24,040
2015 $15,574 $84,992 $60,952 $24,040
2014 $15,024 $80,974 $54,180 $26,794
2013 $14,727 $80,974 $54,180 $26,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10943954

Midwest Real Estate Data (MRED)

APN: 17032020310000

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