NOT LISTED FOR SALE

301 E Seminary Ave Wheaton, IL 60187

Downtown Wheaton Neighborhood
5 Beds
5 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold December 28, 2018

Last sale price $513,000

9 Days on Market

Highlights

  • Landscaped Professionally
  • Farmhouse Style Home
  • 2 Car Attached Garage
  • Longfellow Elementary School Rated A
  • Corner Lot
  • 3-minute walk to Adams Park

About This Home

As of December 2018

Rare opportunity to acquire rental property walking distance to Wheaton College and across from the library. Never have a vacancy in this desirable location. Non-conforming building with 3 one bedroom units and 1 two bedroom/2 bathroom unit. Charming vintage building with hardwood staircase and wood wall panels. Each unit is different and has it's own character. All the expensive improvements have been done so you can reap cash flow. New roof, new boiler, new porch decking, freshly painted exterior, newer windows, newer water heater, newer washing machines. 2 car attached garage and unfinished basement. Fully rented with excellent tenants.

Last Agent to Sell the Property

Diane Lynch

Realty Executives Premier Illinois License #475127037 Listed on: 10/01/2018

Realty Executives Premier Illinois

Last Buyer's Agent

Diane Lynch

Realty Executives Premier Illinois License #475127037 Listed on: 10/01/2018

Realty Executives Premier Illinois

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,760

Year Built

  • Built in 1899

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60 x 120
  • Landscaped Professionally
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 5 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Schools

  • Longfellow Elementary School
  • Franklin Middle School
  • Wheaton North High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $49,440
  • Net Operating Income $28,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,760

Year Built

Built in 1899

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Year Built: 1899
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, Ceiling Fan(s), Sump Pump
  • Basement Description: Partially Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 3

Exterior Features

  • Foundation Details: Stone
  • List Price: 520000
  • Lot Features: Corner Lot, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 20608

Schools

  • Elementary School: LONGFELLOW ELEMENTARY SCHOOL
  • High School: WHEATON NORTH HIGH SCHOOL
  • Middle/Junior School: FRANKLIN MIDDLE SCHOOL
  • Middle/Junior School District: 200

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 60 X 120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Scavenger

Multi Family

  • Net Operating Income: 28832
  • GrossIncome: 49440
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9759.54
  • Tax Year: 2017
  • Tax Exemptions: None

Range of Values:

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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
12/28/2018 12/28/18 Sold $513,000 -1.3% --
10/10/2018 10/10/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $520,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Diane Lynch

    Seller's Agent in 2018

    Diane Lynch

    Realty Executives

    (630) 254-4226

    2 in this area

    47 Total Sales

    Diane Lynch
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10098690

Midwest Real Estate Data (MRED)
Illinois DuPage County Wheaton 60187 Downtown Wheaton

301 E Seminary Ave, Wheaton, IL

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