NOT LISTED FOR SALE

34 S 18th Ave Maywood, IL 60153

West Village Neighborhood
8 Beds
6 Baths
-- Sq Ft
5,080 Sq Ft Lot

Last Sold July 27, 2021

Last sale price $250,000

13 Days on Market

Highlights

  • Baseboard Heating
  • 4-minute walk to Melrose Park Station
  • 4-minute walk to West Maywood Park

About This Home

As of July 2021

- 8.73% In-Place Cap Rate - Gross Income (w/ 5% vacancy): $46,370 Kiser Group is pleased to exclusively offer for purchase the sale of 34 S. 18th, a (6) unit walkup located in historic Maywood. The property sits on a quiet, tree lined street just one (1) block from the Illinois Metra train station at Melrose Park, which provides tenants an easy commute to Chicago's downtown (roughly 20 minutes.) 34 S. 18th is comprised of two (2) 2bd/1ba units and four (4) 1bd/1ba units. All of the units have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new windows, newer roof, and individual baseboard heating. Additionally, the property includes a parking lot, that supplies the tenants with an abundance of available parking. 34 S. 18th provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in the desirable suburb of Maywood. From day one, a new owner will capitalize on an incredibly strong and long term tenant base, and will realize an in place cap rate of 8.73% and a cash return of 17.74%. Through improved leasing, management, and raising rents to market rate, an investor has the opportunity achieve a cap rate of 10.83% and a cash return of 26.14%.

Last Agent to Sell the Property

Jack Petrando

Kiser Group Realty Inc License #475185949 Listed on: 03/23/2021

Co-Listed By

Aaron Sklar

Kiser Group Realty Inc License #475161507

Last Buyer's Agent

Sabu Achettu

Achieve Real Estate Group Inc License #471001425

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,528

Year Built

  • Built in 1962

Lot Details

  • 5,080 Sq Ft Lot
  • Lot Dimensions are 40' x 125'
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,871
  • Fuel Expense $838
  • Insurance Expense $2,993
  • Maintenance Expense $1,350
  • Manager Expense $2,309
  • Other Expense $1,000
  • Trash Expense $1,262
  • Water Sewer Expense $2,955
  • Operating Expense $28,906
  • Gross Income $48,600
  • Net Operating Income $17,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,528

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Block
  • List Price: 200000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Manager Expense: 2309

Fee Information

  • Trash Expense: 1262
  • Water Sewer Expenses: 2955
  • Janitor Expense: 1800

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.12
  • Lot Dimensions: 40' X 125'
  • Lot Size Sq Ft: 5080
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 17464
  • Fuel Expense: 838
  • Insurance Expense: 2993
  • ElectricExpense: 1871
  • GrossIncome: 48600
  • Maintenance Expense: 1350
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28906
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12528
  • Tax Year: 2019

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 Change Sq Ft Price
07/27/2021 07/27/21 Sold $250,000 +25.0% --
04/05/2021 04/05/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jack Petrando

    Kiser Group Realty Inc

    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Aaron Sklar

    Kiser Group Realty Inc

    Section Image
  • Sabu Achettu

    Buyer's Agent in 2021

    Sabu Achettu

    Achieve Real Estate Group Inc

    (847) 687-5100

    1 in this area

    66 Total Sales

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11032188

Midwest Real Estate Data (MRED)

Illinois Cook County Maywood 60153 West Village

34 S 18th Ave, Maywood, IL

This home is located at 34 S 18th Ave, Maywood, IL 60153 since 23 March 2021. This property was built in 1962. 34 S 18th Ave is a home located in Cook County with nearby schools including Garfield Elementary School, Irving Middle School, and Proviso East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes