33 W Naperville Rd Westmont, IL 60559
North Westmont NeighborhoodAbout This Home
As of August 2024Exceptional multi-family investment opportunity near downtown Westmont, consisting of two parcels that include a duplex and a 10-unit building - 12 Units Total. The duplex comprises two generously sized 2-bedroom, 1-bathroom apartments, while the 10-unit building offers a diverse mix of accommodations, including 2 studios, 6 1-bedroom, 1-bathroom apartments, and 2 2-bedroom, 1-bathroom apartments. This property, owned by its original proprietors, has been impeccably maintained over the years, boasting long-term tenants who currently pay below-market rents. With detailed Rent Roll and expense information available under the "Additional Information" tab, there's ample room to add value by adjusting rents to align with market standards. Situated in close proximity to downtown Westmont, tenants enjoy easy access to an array of restaurants, retail outlets, and vibrant local amenities. Don't miss out on this rare opportunity to invest in a well-maintained multi-family property in a highly sought-after location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,959
Year Built
- Built in 1967
Lot Details
- 0.53 Acre Lot
- Lot Dimensions are 158 x 180 x 150 x 128
- Additional Parcels
Home Design
- Garden Apartment
- Brick Exterior Construction
Interior Spaces
- 10,170 Sq Ft Home
- 2-Story Property
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $2,328
- Fuel Expense $7,360
- Insurance Expense $5,091
- Maintenance Expense $3,550
- Other Expense $1,770
- Trash Expense $2,386
- Water Sewer Expense $3,405
- Operating Expense $50,149
- Gross Income $134,876
- Net Operating Income $93,368
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,650,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,475,000 | Credit Line Revolving |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $1,650,000 | -31.3% | $162 / Sq Ft |
| 03/13/2024 03/13/24 | For Sale | $2,400,000 | -- | $236 / Sq Ft |
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 | $14,604 | $217,600 | $60,780 | $156,820 |
| 2022 | $14,542 | $217,600 | $56,280 | $161,320 |
| 2021 | $13,984 | $215,130 | $55,640 | $159,490 |
| 2020 | $13,703 | $210,870 | $54,540 | $156,330 |
| 2019 | $13,261 | $202,330 | $52,330 | $150,000 |
| 2018 | $12,958 | $192,700 | $49,840 | $142,860 |
| 2017 | $10,946 | $160,630 | $47,960 | $112,670 |
| 2016 | $10,794 | $153,300 | $45,770 | $107,530 |
| 2015 | $18,986 | $257,100 | $43,060 | $214,040 |
| 2014 | $14,453 | $190,100 | $30,130 | $159,970 |
| 2013 | $13,626 | $189,210 | $29,990 | $159,220 |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12003552
APN: 09-09-210-004
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