$495,000

3201 Union Ave Steger, IL 60475

Estimated payment $3,817/month

Total Views 14,300
10 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Huge 10,950 SF, two-story building sitting on 0.42 acres, offering massive investment potential! The first floor features two units spaces with private entries. Along with a 2bedroom 1bath apartment. While the second floor boasts two spacious 3-bedroom, 2-bath apartments. Also featuring a beautifully remodeled basement, with 9' ceilings, an open-concept layout, heating, a kitchenette, and restrooms. Currently being used as a Banquet for event rentals and parties, adding even more monthly income!!! Ample Parking (36 spaces along the front, side, and fenced rear), this property is a fantastic opportunity. Priced below replacement cost, don't miss your opportunity to purchase an income generating property with huge potential for larger returns!!!

Last Listed By

Mike Musa

Keller Williams Preferred Rlty License #475206990 Listed on: 05/19/2025

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,568

Year Built

  • Built in 1976

Parking

  • 36 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x100

Community Details

  • 4 Units
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,568

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Central Air Conditioner
  • Room: 7

Exterior Features

  • Construction Materials: Brick
  • List Price: 495000
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 36

Utilities

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

Schools

  • Middle/Junior School District: 194

Lot Info

  • Lot Dimensions: 50X100
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 67200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12568
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $728 $1,875 $1,094 $781
2023 $728 $1,875 $1,094 $781
2022 $728 $1,797 $1,016 $781
2021 $679 $1,796 $1,015 $781
2020 $666 $1,796 $1,015 $781
2019 $621 $1,718 $937 $781
2018 $600 $1,718 $937 $781
2017 $386 $1,093 $937 $156
2016 $365 $1,021 $859 $162
2015 $584 $1,640 $859 $781
2014 $583 $1,640 $859 $781
2013 $533 $1,640 $859 $781
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $495,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Special Warranty Deed $120,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $397,500 Unknown
Previous Owner $325,000 Unknown
Source: Public Records

About the Listing Agent

Mike Musa

Keller Williams Preferred Rlty

(708) 734-2798

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12369018

Midwest Real Estate Data (MRED)

APN: 32-33-318-004-0000