NOT LISTED FOR SALE
16 Beds
16 Baths
-- Sq Ft
0.64 Acres

Last Sold May 29, 2020

Last sale price $1,040,000

1 Day on Market

About This Home

As of May 2020

All Brick Well maintained 12 unit building located in Glen Ellyn. Over $150000 spent in the last couple of years to upgrade balconies,(8) 1 bedroom units and (4) 2 bedroom units. Tenants pay their own utilities, Washer/Dryer units on each floor, Storage units available for each unit. Hot water system with solar panels on roof Building has a 5% cap with room to increase. 12 parking spaces large lot in a great location only a few minutes off of Interstate 355.

Last Listed By

George Ayling

Select a Fee RE System License #471002936 Listed on: 05/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,882

Year Built

  • 1970

Lot Details

  • 0.64

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $3,238
  • Manager Expense $5,000

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,882

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Condominium
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 63908
  • Repairs Decor Expense: 10854
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 1140
  • Total Annual Exp: 61792
  • Total Annual Income: 13
  • Total Monthly Income: 11435
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1970
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1970

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.64
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Alarm Monitored, Smoke or Fire Protectors
  • Heatventilation: Hot Water
  • Water Expense: 5100

Condo/Co-op/Association

  • Units in Building: 12
  • Manager Expense: 5000

Fee Information

  • Electricity Expense: 2553
  • Electrical Service: Circuit Breakers, 0-100 Amps

Lot Info

  • Lot Dimensions: 132X110X197X40X108
  • Lot Sq Ft: 27878
  • Parcel Identification Number: 0513411030

Rental Info

  • Gross Rental Income: 137220
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Insurance Expense: 3238
  • Other Expenses: 13388
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 125700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
May 29, 2020
Sold by
West Suburban Bank
Bought by
West Suburban Bank and Trust Number 14534
Seller's Agent
George Ayling
Select a Fee RE System
Buyer's Agent
Non Member
NON MEMBER
List Price
$999,475
Sold Price
$1,040,000
Premium/Discount to List
$40,525
4.05%
Total Days on Market
1

Purchase Details

Closed on
Feb 19, 2004
Sold by
Villa Park Trust & Savings Bank
Bought by
West Suburban Bank and Trust #12540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2000
Sold by
Eilert Bruce R
Bought by
Villa Park Trust & Svgs Bank and Trust #2491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
7.98%
Mortgage Type
Commercial

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 Buyer Sale Price Title Company
West Suburban Bank $1,060,000 Fidelity National Title
West Suburban Bank -- --
Villa Park Trust & Svgs Bank -- Chicago Title Insurance Co
Eilert Bruce R $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Suburbank Bank $585,000
Previous Owner Villa Part Trust & Svgs Bank $550,000
Previous Owner Villa Park Trust & Svgs Bank $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $1,040,000 +4.1% --
05/29/2020 05/29/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $999,475 -- --
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
2023 $27,882 $344,370 $104,600 $239,770
2022 $24,000 $300,100 $98,850 $201,250
2021 $23,131 $292,980 $96,500 $196,480
2020 $23,485 $298,110 $95,600 $202,510
2019 $22,964 $290,250 $93,080 $197,170
2018 $20,519 $250,650 $91,080 $159,570
2017 $20,256 $241,400 $87,720 $153,680
2016 $20,333 $231,760 $84,220 $147,540
2015 $23,047 $250,200 $80,350 $169,850
2014 $22,448 $236,630 $75,990 $160,640
2013 $21,860 $237,340 $76,220 $161,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10729496

Midwest Real Estate Data (MRED)

APN: 05-13-411-030