NOT LISTED FOR SALE

294 8th St Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
0.3 Acres

Last Sold September 28, 2021

Last sale price $600,000

66 Days on Market

About This Home

As of September 2021

Great investment opportunity located in a convenient location! This 6-unit building on 0.3 acre boasts newer upgrades! All units' kitchens have newer refrigerators. Newer laminate and tile is throughout all of the units' interior! Exterior has been well taken care of with a newer, under 5 yrs old roof. The gutters have recently been replaced and are new. Great and steady monthly income and long time tenants. Located in a convenient location! Sold As-Is

Last Agent to Sell the Property

Gina Kim

Baird & Warner License #475145164 Listed on: 05/12/2021

Baird & Warner

Last Buyer's Agent

Tonya Trachuk

Core Realty & Investments Inc. License #475192761

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,277

Year Built

  • Built in 1978

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 44x150

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $307
  • Fuel Expense $2,128
  • Insurance Expense $2,700
  • Maintenance Expense $1,000
  • Trash Expense $1,168
  • Water Sewer Expense $2,117
  • Operating Expense $26,697
  • Gross Income $70,200
  • Net Operating Income $45,903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,277

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Possible Use: Multi-Family, Single Family
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Block
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Service - 101 to 200 Amps
  • Utilities: Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1168
  • Water Sewer Expenses: 2117

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 44X150
  • Lot Size Sq Ft: 13000
  • Zoning: MULTI
  • Land Amenities: Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 2
  • Tenancy Type: Month To Month

Building Info

  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 45903
  • Fuel Expense: 2128
  • Insurance Expense: 2700
  • ElectricExpense: 307
  • GrossIncome: 70200
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26697
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 17277
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
09/28/2021 09/28/21 Sold $600,000 0.0% --
07/30/2021 07/30/21 Off Market $600,000 -- --
07/17/2021 07/17/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $669,000 -- --
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: 11084642

Midwest Real Estate Data (MRED)