Seller's Agent in 2021
Cecelia Kleiner
@ Properties
(773) 556-5096
1 in this area
18 Total Sales
286 8th St Wheeling, IL 60090
Estimated Value: $159,045 - $200,000
11
Beds
6
Baths
--
Sq Ft
0.3
Acres
Highlights
- Baseboard Heating
- Wheeling High School Rated A
- 4-minute walk to Northside Park
About This Home
As of July 2021Wait until you see this amazing investment opportunity! You can own a beautiful, profitable and well-maintained, 6-unit, brick building in the highly sought-after suburb of Wheeling. The building consists of 5-2 bedroom units and 1-1 bedroom unit. Each condo has its own pin number giving opportunities to sell the building as a whole or to sell individual units....lots of flexibility in this great building! Yet another benefit of this terrific building is having countless updates! There was a total gut-rehab in 2008 with lovely, high-quality finishes. Way too many updates to list including new windows, walls, doors, engineered wood floors, euro style kitchens, dishwashers, garbage disposals, new bathrooms...WOW! Each unit has an updated, eat-in kitchen, with gorgeous granite counters, oak cabinets, and stainless appliances including gas stove/oven, dishwasher, and microwave. Each unit also boasts a spacious living room with large picture window and gleaming hardwood flooring. There are 2 assigned parking spaces with each unit making a total of 12 spaces plus ample guest parking too. Yet more updates include new boiler in 2012 and new water heater in 2014. There is coin laundry which not only adds convenience for the tenants plus provides additional income for the lucky owner. The building is now rented to full-capacity including some long-term tenants. Definitely potential for even higher rental prices going forward. 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! Better hurry....terrific, money-making opportunities like this one don't come often!
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475133915 Listed on: 04/27/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,800
Year Built
- Built in 1978
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x132
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $360
- Fuel Expense $2,603
- Insurance Expense $2,000
- Other Expense $27
- Trash Expense $672
- Water Sewer Expense $1,800
- Operating Expense $29,256
- Gross Income $81,600
- Net Operating Income $54,144
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/16/2021 07/16/21 | Sold | $725,000 | -3.2% | -- |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 05/06/2021 05/06/21 | For Sale | -- | -- | -- |
| 04/27/2021 04/27/21 | For Sale | $749,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,334 | $9,951 | $1,309 | $8,642 |
| 2023 | $3,180 | $9,951 | $1,309 | $8,642 |
| 2022 | $3,180 | $9,951 | $1,309 | $8,642 |
| 2021 | $3,055 | $8,246 | $1,003 | $7,243 |
| 2020 | $2,976 | $8,246 | $1,003 | $7,243 |
| 2019 | $3,024 | $9,228 | $1,003 | $8,225 |
| 2018 | $2,548 | $6,981 | $872 | $6,109 |
| 2017 | $2,496 | $6,981 | $872 | $6,109 |
| 2016 | $2,912 | $8,727 | $872 | $7,855 |
| 2015 | $3,002 | $8,424 | $741 | $7,683 |
| 2014 | $2,928 | $8,424 | $741 | $7,683 |
| 2013 | $2,703 | $8,424 | $741 | $7,683 |
Source: Public Records
Agents Affiliated with this Home
-
Cecelia Kleiner
-
Leslie Silverman
Seller Co-Listing Agent in 2021
Leslie Silverman
@ Properties
(847) 208-6950
6 in this area
148 Total Sales
-
Joel Perez Homes
Buyer's Agent in 2021
Joel Perez Homes
RE/MAX
(847) 414-9572
7 in this area
216 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11067834
APN: 03-02-304-019-1001
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