$113,000
SOLD OCT 27, 2020
2 Beds
2 Baths
1,286 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • Fenced Yard
  • Shed
  • Paved or Partially Paved Lot
  • Patio
  • Forced Air Heating System

About This Home

As of December 2021

You're an investor looking for an investment (cause that's what you do). You've got ROI, CAP, COC, CAPEX and a bunch other cool sounding lingo down pat. One calculation many investors fail to take into account is POM... peace of mind. And that is what this tidy little duplex has in abundance. This smart two unit features one bedroom units. Why one bedrooms? Because every savvy investor knows one bedroom units are amazing for a number of reasons... 1) great demand (not everyone has one bedrooms available and lots of folks are looking for them). 2) Less wear and tear because you're dealing with less people per unit. 3) Longer term tenants (at least in the experience of this landlord). Why is this property so great you might ask? Let me explain. First, the building is in fantastic shape, probably better than anything you've seen or maybe even own. Everything is newer (last 10 years or less), including the roof, siding, windows, interiors, mechanicals... even the concrete outside. Maintenance is super low. The units are nice. First floor is a huge one bedroom with entry foyer, massive living room, big light filled eat-in kitchen, roomy bedroom with huge closet and a great low maintenance bath. Upstairs is a bit smaller than downstairs but still very nice - new kitchen, updated bath (shower only), huge bedroom with multiple closets, nice bright living room. Upstairs is occupied by a long term tenant. Downstairs is recently vacated. Full basement that can be used however you think best. That is where you'll find the two forced air furnaces, water heaters, even a washer and dryer hookup. Plus extra storage. Front part of basement was old finished room that was never demo'd... been like that for a decade or more. Out back is a huge storage shed (nice concrete floor and full garage door on front)... perfect for either tenant storage (2nd floor uses it now) or landlord storage. Great parking area off back alley. Rear yard fully fenced. Rent upstairs is $765. Rent downstairs was $850, which can go higher. If you are looking for a low maintenance, low hassle two unit to add to your rental portfolio, you won't find many much nicer than this. Or if you are looking for a great place to live with someone to pay all the property expenses for you (the upstairs tenant), you cannot find a nicer, cheaper place to live than right here. Feel free to look at first floor. Pictures give an excellent look at second floor. Once contract is accepted, arrangements will be made to view second floor.

Last Agent to Sell the Property

Mark Lewis

MAL Realty Group License #471008122 Listed on: 08/21/2020

Last Buyer's Agent

Omar Wence

Charles Rutenberg Realty of IL License #475166697

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1904

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 48 x 173
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Outdoor Features

  • Patio
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $19,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,408

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Block
  • List Price: 109800
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 6

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 48 X 173
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 19380
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 4407.74
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Wence Barajas Sergio F
Bought by
Wence Omar S
Current Estimated Value
$202,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
9.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 2, 2021
Sold by
Ortiz Jenny and Garcia David
Bought by
Barajas Sergio F Wence
Seller's Agent
Regina Stewart
House of Real Estate
Buyer's Agent
Regina Stewart
House of Real Estate
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$142,373
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 21, 2020
Closed on
Oct 8, 2020
Sold by
Flying Pig Ventures Llc
Bought by
Ortiz Jenny
Seller's Agent
Mark Lewis
MAL Realty Group
Buyer's Agent
Omar Wence
Charles Rutenberg Realty of IL
List Price
$109,800
Sold Price
$113,000
Premium/Discount to List
$3,200
2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.19%
Original Mortgage
$109,228
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 22, 2014
Closed on
Aug 7, 2015
Sold by
Cunningham Donald and Cunningham Shelly
Bought by
Flying Pig Ventures Llc
Seller's Agent
Lori Mattice
RE/MAX Plaza
Buyer's Agent
Mark Lewis
MAL Realty Group
List Price
$49,999
Sold Price
$34,000
Premium/Discount to List
-$15,999
-32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.93%

Purchase Details

Closed on
Feb 11, 2011
Sold by
Cunningham Glen and Cunningham Doris
Bought by
Cunningham Donald
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $175,000 None Listed On Document
Warranty Deed $145,000 North American Title
Warranty Deed $113,000 Attorneys Ttl Guaranty Fund
Warranty Deed $34,000 Ct
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 New Conventional
Closed $131,250 New Conventional
Previous Owner $142,373 FHA
Previous Owner $109,228 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $145,000 -12.1% $113 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $165,000 +46.0% $128 / Sq Ft
10/27/2020 10/27/20 Sold $113,000 +2.9% $88 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $109,800 +222.9% $85 / Sq Ft
08/13/2015 08/13/15 Sold $34,000 -32.0% $26 / Sq Ft
07/11/2015 07/11/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $49,999 +47.1% $39 / Sq Ft
06/22/2015 06/22/15 Off Market $34,000 -- --
06/22/2015 06/22/15 Price Changed $49,999 -16.5% $39 / Sq Ft
04/22/2015 04/22/15 Price Changed $59,900 -14.3% $47 / Sq Ft
04/15/2015 04/15/15 Price Changed $69,900 -6.7% $54 / Sq Ft
01/22/2015 01/22/15 Price Changed $74,900 -6.3% $58 / Sq Ft
12/22/2014 12/22/14 For Sale $79,900 -- $62 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $5,334 $43,273 $8,277 $34,996
2023 $5,334 $38,582 $7,380 $31,202
2022 $5,083 $35,560 $6,088 $29,472
2021 $4,944 $31,336 $5,715 $25,621
2020 $4,557 $27,706 $5,379 $22,327
2019 $4,408 $25,809 $5,011 $20,798
2018 $3,809 $21,585 $4,464 $17,121
2017 $3,823 $20,023 $4,141 $15,882
2016 $3,629 $18,176 $3,759 $14,417
2015 $3,539 $16,492 $3,411 $13,081
2014 $2,367 $17,025 $3,473 $13,552
2012 $2,686 $18,131 $3,699 $14,432
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10826048

Midwest Real Estate Data (MRED)

APN: 04-21-324-008