NOT LISTED FOR SALE

3132 Ruby St Franklin Park, IL 60131

9 Beds
6 Baths
3,728 Sq Ft
1950 Built

Last Sold July 18, 2019

Last sale price $435,000 $117 Per Sq Ft

73 Days on Market

Highlights

  • Laundry Room
  • Hot Water Heating System
  • 4-minute walk to Hawthorne Park
  • East Leyden High School Rated A-

About This Home

As of July 2019

A rare find in Franklin Park. Well maintained 6 unit brick building on mostly residential street. 4 - 2 bedroom, 1 - 1 bedroom, and a studio. Many updates. New boiler 2009, New windows and doors 2011, New roof 2015, New hot water heater 2017, repair of outside metal stairs both sides 2019, basement common area updated 2018, Bathrooms in garden and studio apartment remodeled 2017. Units rent quickly. Walking distance to commuter train and downtown Franklin Park post office and shopping. Coin operated washer and dryer owned, not leased. The building is section 8 approved. Leases and security deposits on all the units except the studio. 6 off street parking spaces. Cement side drive. Each apartment has an electric stove and a refrigerator. Tenants pay own electric. 24 hour notice to show since tenants need to be notified.

Last Agent to Sell the Property

Donna Raven

RE/MAX City License #475103894 Listed on: 03/03/2019

RE/MAX City

Last Buyer's Agent

Shawn Achettu

Achieve Real Estate Group Inc License #475178442

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,828

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50 x 124

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • 3,728 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $613
  • Fuel Expense $1,432
  • Insurance Expense $2,319
  • Maintenance Expense $416
  • Trash Expense $1,813
  • Water Sewer Expense $2,748
  • Operating Expense $22,169
  • Gross Income $56,148
  • Net Operating Income $33,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,828

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1950
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 1813
  • Water Sewer Expenses: 2748

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 124
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 3728

Multi Family

  • Net Operating Income: 33979
  • Fuel Expense: 1432
  • Insurance Expense: 2319
  • ElectricExpense: 613
  • GrossIncome: 56148
  • Maintenance Expense: 416
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22169
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 12828
  • Tax Year: 2017
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/18/2019 07/18/19 Sold $435,000 +2.4% $117 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
05/11/2019 05/11/19 For Sale $425,000 0.0% $114 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
03/03/2019 03/03/19 For Sale $425,000 -- $114 / Sq Ft
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
2025 $13,820 $53,000 $6,820 $46,180
2024 $13,820 $45,000 $5,580 $39,420
2023 $14,261 $45,000 $5,580 $39,420
2022 $14,261 $45,000 $5,580 $39,420
2021 $10,882 $27,473 $4,030 $23,443
2020 $10,353 $27,473 $4,030 $23,443
2019 $9,919 $32,058 $4,030 $28,028
2018 $12,992 $35,633 $3,410 $32,223
2017 $12,828 $35,633 $3,410 $32,223
2016 $12,248 $35,633 $3,410 $32,223
2015 $11,602 $32,335 $3,100 $29,235
2014 $11,317 $32,335 $3,100 $29,235
2013 $10,468 $32,335 $3,100 $29,235
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10297180

Midwest Real Estate Data (MRED)