NOT LISTED FOR SALE

295 7th St Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
1978 Built

Last Sold March 22, 2018

Last sale price $500,000

11 Days on Market

About This Home

As of March 2018

Rarely available free-standing 6 Unit building. In good condition. Needs some updating. Great location for rental. Fully occupied. Parking for 12+ spaces. No association. Nestled among beautiful single family homes. PRICED TO SELL!

Last Agent to Sell the Property

Sophia Romano

Sophia Romano License #471010990 Listed on: 10/21/2017

Last Buyer's Agent

Monika Carney

eXp Realty License #471015163

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $2,067
  • Insurance Expense $3,100

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Ownership Type: Limited Liability Corp
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 40764
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Scavenger Expense: 1
  • Total Annual Exp: 25836
  • Total Annual Income: 66600
  • Total Monthly Income: 5350
  • Number Of Stories: 3
  • Estimated Year Built: 1978
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1978

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Central Heat/Indiv Controls
  • Water Expense: 2400

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 396

Lot Info

  • Lot Dimensions: 131 X 102
  • Parcel Identification Number: 03023060030000

Rental Info

  • Gross Rental Income: 64200
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 2067
  • Insurance Expense: 3100
  • Other Expenses: 1

Tax Info

  • Taxes: 17,073
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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
03/22/2018 03/22/18 Sold $500,000 -13.8% --
11/01/2017 11/01/17 Pending -- -- --
10/24/2017 10/24/17 Price Changed $579,777 +5.5% --
10/21/2017 10/21/17 For Sale $549,777 -- --
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 $20,779 $70,420 $11,880 $58,540
2024 $20,779 $62,000 $9,900 $52,100
2023 $19,816 $62,000 $9,900 $52,100
2022 $19,816 $62,000 $9,900 $52,100
2021 $16,960 $45,775 $7,590 $38,185
2020 $16,518 $45,775 $7,590 $38,185
2019 $17,360 $52,981 $7,590 $45,391
2018 $18,675 $51,172 $6,600 $44,572
2017 $18,294 $51,172 $6,600 $44,572
2016 $17,073 $51,172 $6,600 $44,572
2015 $16,006 $44,919 $5,610 $39,309
2014 $15,613 $44,919 $5,610 $39,309
2013 $14,415 $44,919 $5,610 $39,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09783330

Midwest Real Estate Data (MRED)