NOT LISTED FOR SALE

Estimated Value: $646,000 - $1,128,997

15 Beds
9 Baths
6,532 Sq Ft
$153/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $780,780 $120 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,406/month

17 Days on Market

Highlights

  • Laundry Room
  • Zoned Heating System
  • Baseboard Heating
  • Storage Room

About This Home

As of October 2021

Well maintained 9 unit residential building with 6 2-bedroom units and 3 1-bedrooms units for a total of 9 units. Fully occupied. Hardwood floors in all units covered with durable floating luxury vinyl flooring. 2 parking spots per unit. Coin Laundry in the basement for added income. Newer roof and boilers. Upgraded windows and electrical breakers, oak kitchen cabinets, newer coin laundry machines, and private storage units in the basement. Security Cameras on site.

Last Agent to Sell the Property

Antoine Nicolas

Chase Real Estate LLC License #227248782 Listed on: 08/16/2021

Last Buyer's Agent

Venkat Chatakondu

Charles Rutenberg Realty of IL License #475159712

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,101

Year Built

  • Built in 1931

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 81.4 x 180.2x81.4x179.23

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Wood Frame Construction
  • Frame Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,532 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Rough-In Basement Bathroom

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Zoned Heating System
  • Dual Heating Fuel
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity, varies by tenant

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,647
  • Fuel Expense $3,596
  • Insurance Expense $2,836
  • Maintenance Expense $8,009
  • Trash Expense $2,043
  • Water Sewer Expense $6,070
  • Operating Expense $38,422
  • Gross Income $105,900
  • Net Operating Income $68,645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,101

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1931
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 15
  • Possible Use: Multi-Family
  • Basement Description: Other,Bathroom Rough-In
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 9
  • Ranges: 9
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 850000
  • Roof: Composition
  • Exterior Building Type: Frame
  • Roof Structure: Pitched
  • Misc Outside: Fire Escape,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Baseboard,Radiant,Zoned,Dual System
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 2043
  • Water Sewer Expenses: 6070
  • Janitor Expense: 2120

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.33
  • Lot Dimensions: 81.4 X 180.2X81.4X179.23
  • Lot Size Sq Ft: 14810
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Varies by Tenant
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6532

Multi Family

  • Net Operating Income: 68645
  • Fuel Expense: 3596
  • Insurance Expense: 2836
  • ElectricExpense: 1647
  • GrossIncome: 105900
  • Maintenance Expense: 8009
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 38422
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 12101
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Venkat Chatakondu Suresh and Venkat Samatha
Bought by
Chatakondu Investments Llc Venkat At304 Hanke
Current Estimated Value
$1,001,749

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 14, 2021
Sold by
Bkl Properties Llc
Bought by
Chatakondu Suresh Venkat and Chatakondu Samatha
Seller's Agent
Antoine Nicolas
Chase Real Estate LLC
Buyer's Agent
Venkat Chatakondu
Charles Rutenberg Realty of IL
List Price
$850,000
Sold Price
$780,780
Premium/Discount to List
-$69,220
-8.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$585,585
Interest Rate
3.14%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 23, 2015
Closed on
Jun 11, 2015
Sold by
Peters Jane Ann
Bought by
Bkl Properties Llc
Seller's Agent
Shirlee Fichtel
REMAX Town & Country
Buyer's Agent
Helena Kies
On The Mark Realty LLC
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.96%
Original Mortgage
$340,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2013
Sold by
Peters Jane Ann
Bought by
Jane Ann Peters Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
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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
Chatakondu Investments Llc Venkat At304 Hanke -- James M Hamill Jr Ltd
Chatakondu Suresh Venkat $781,000 Lakeland Title Services
Bkl Properties Llc $340,000 First American Title
Jane Ann Peters Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chatakondu Suresh Venkat $585,585
Previous Owner Bkl Properties Llc $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2021 10/20/21 Sold $780,780 -8.1% $120 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $850,000 +150.0% $130 / Sq Ft
06/11/2015 06/11/15 Sold $340,000 -14.8% -- View Prior Sale
05/04/2015 05/04/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $399,000 -- --
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
2024 $12,887 $187,983 $14,720 $173,263
2023 $12,552 $167,962 $13,152 $154,810
2022 $11,644 $153,250 $12,000 $141,250
2021 $11,518 $142,677 $11,172 $131,505
2020 $12,101 $145,508 $10,377 $135,131
2019 $11,902 $135,067 $9,615 $125,452
2018 $10,769 $118,262 $8,894 $109,368
2017 $10,586 $107,944 $8,195 $99,749
2016 $10,206 $96,984 $8,265 $88,719
2015 -- $86,798 $7,107 $79,691
2014 -- $83,177 $6,532 $76,645
2013 -- $85,638 $6,936 $78,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11191577

Midwest Real Estate Data (MRED)

APN: 15-15-276-009