NOT LISTED FOR SALE

3431 Chicago Rd Steger, IL 60475

Estimated Value: $105,000 - $587,000

3 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold October 19, 2020

Last sale price $68,500

Est. 272% increase in value since last sale

Current estimated payment $1,683/month

25 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Paved or Partially Paved Lot
  • Two Heating Systems
  • Multiple Water Heaters

About This Home

As of October 2020

Looking for a 2-flat w/great cashflow? This is it. Or perhaps an opportunity to live in one unit, while collecting rent from the other? Or maybe you need a related-living setup. All of these options are possible with this property! Well maintained bldg. w/both units currently rented. Renters pay own gas & electric. All appliances, includ. washer & dryer in each unit. New paved parking area behind building in 2019. Long-term tenants make this a solid investment. Agt. owned property.

Last Agent to Sell the Property

Marie Vanco-Ward

Real People Realty License #475134903 Listed on: 08/09/2020

Last Buyer's Agent

Debbie Matthews

McColly Real Estate License #475148672

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 1912

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Cellar
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Porch

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Community Well
  • Multiple Water Heaters

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,200

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Basement Description: Unfinished,Crawl,Cellar,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Porch
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Public, Community Well

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3199.74
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2020
Closed on
Oct 13, 2020
Sold by
Vanco Louis A and Vanco Marie Christine
Bought by
Mulligan Lary and Mulligan Denise
Seller's Agent
Marie Vanco-Ward
Real People Realty
Buyer's Agent
Debbie Matthews
McColly Real Estate
List Price
$74,900
Sold Price
$68,500
Premium/Discount to List
-$6,400
-8.54%
Current Estimated Value
$254,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,360
Avg. Annual Appreciation
27.99%
Original Mortgage
$51,375
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2003
Sold by
Turner Linda S and Herbst Linda S Turner
Bought by
Vanco Marie Christine and Vanco Louis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 1998
Sold by
The Chicago Heights National Bank
Bought by
Turner Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,300
Interest Rate
9.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mulligan Lary $68,500 Old Republic Title
Vanco Marie Christine $76,000 Premier Title
Turner Linda S $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mulligan Lary $51,375
Previous Owner Vanco Marie Christine $57,000
Previous Owner Turner Linda S $49,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2020 10/19/20 Sold $68,500 -8.5% --
09/03/2020 09/03/20 Pending -- -- --
08/09/2020 08/09/20 For Sale $74,900 -- --
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 $4,174 $40,351 $4,678 $35,673
2023 $4,174 $36,031 $4,177 $31,854
2022 $3,953 $32,022 $3,712 $28,310
2021 $3,450 $29,319 $3,399 $25,920
2020 $3,351 $27,478 $3,186 $24,292
2019 $3,200 $25,825 $2,994 $22,831
2018 $3,089 $25,270 $2,930 $22,340
2017 $3,059 $23,279 $2,699 $20,580
2016 $3,222 $23,129 $2,682 $20,447
2015 $2,303 $24,086 $2,610 $21,476
2014 $2,303 $24,329 $2,636 $21,693
2013 $2,303 $18,108 $2,762 $15,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10812437

Midwest Real Estate Data (MRED)

APN: 23-15-05-208-002