NOT LISTED FOR SALE

3431 Morgan St Steger, IL 60475

Estimated Value: $150,462 - $258,000

6 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold December 07, 2022

Last sale price $230,000

Est. 16% decrease in value since last sale

Current estimated payment $1,483/month

111 Days on Market

Highlights

  • First Floor Utility Room
  • Heating System Uses Natural Gas
  • 4-minute walk to Hecht Park
  • Paved or Partially Paved Lot

About This Home

As of December 2022

Don't miss out on this high-yielding low-cost investment opportunity. Almost everything has been upgraded in all units. New roof, new furnaces, new water heaters, new bathrooms, new plumbing, new air conditioner units (central air), all new floor coverings, new kitchen appliances, new washers and dryers, new landscaping, and more. LOW taxes. Tenants pay for water, electricity, gas, scavenger, and sewer. HIGH-income turnkey property with all new utilities. A DREAM FIND for any investor!! Please allow a 48-hour notice to see both units. (Tenant Occupied.)

Last Agent to Sell the Property

Cindy Trotier

Keller Williams Preferred Rlty License #475184818 Listed on: 07/04/2022

Keller Williams Preferred Rlty

Last Buyer's Agent

Valerie Witt

Keller Williams Preferred Rlty License #475144724

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,369

Year Built

  • Built in 1962 | Remodeled in 2022

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50 x 125
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Bloom Trail High School

Utilities

  • Heating System Uses Natural Gas
  • Community Well

Community Details

Overview

  • 2 Units
  • Columbia Heights Subdivision

Building Details

  • Insurance Expense $390
  • Net Operating Income $24,632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,369

Year Built

Built in 1962 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Columbia Heights
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 249999
  • Lot Features: Sidewalks
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Street Paved

Fee Information

  • Other Expenses $: 600

Schools

  • High School: Bloom Trail High School
  • Middle/Junior School District: 194

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.3
  • Lot Dimensions: 50 X 125
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 24632
  • Insurance Expense: 390
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s,Duplex Side by Side

Tax Info

  • Tax Annual Amount: 4368.58
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2022
Closed on
Jan 11, 2023
Sold by
Witt Valerie
Bought by
Valerie June Witt Revocable Living Trust
Seller's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Buyer's Agent
Valerie Witt
Keller Williams Preferred Rlty
List Price
$249,999
Sold Price
$230,000
Premium/Discount to List
-$19,999
-8%
Views
72
Current Estimated Value
$193,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,884
Avg. Annual Appreciation
1.47%

Purchase Details

Listed on
Jul 4, 2022
Closed on
Dec 7, 2022
Sold by
Shi Naps Llc
Bought by
Witt Valerie
Seller's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Buyer's Agent
Valerie Witt
Keller Williams Preferred Rlty
List Price
$249,999
Sold Price
$230,000
Premium/Discount to List
-$19,999
-8%
Views
72

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 15, 2022
Sold by
1683 Real Estate Llc 2013-003
Bought by
Shi Naps Llc
Seller's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Buyer's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Sold Price
$63,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
443.83%

Purchase Details

Listed on
Jan 25, 2022
Closed on
Jan 10, 2022
Sold by
Coley Venetta Mckoy and Royal Savings Bank
Bought by
1683 Real Estate Llc
Seller's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Buyer's Agent
Cindy Trotier
Keller Williams Preferred Rlty
Sold Price
$63,500

Purchase Details

Closed on
Dec 9, 2013
Sold by
Bag Enterprises Inc
Bought by
Colley Venetta Mckay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
3.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 30, 2007
Sold by
First National Bank
Bought by
Bag Enterprises Trust #3

Purchase Details

Closed on
Jun 15, 1994
Sold by
Hackel Bruce A and Hackel Nancy A
Bought by
The Chicago Heights National Bank
Source: Public Records

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Range of Values:

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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
Valerie June Witt Revocable Living Trust -- Accommodation/Courtesy Recordi
Witt Valerie $230,000 Greater Illinois Title
Shi Naps Llc $127,000 Greater Illinois Title
1683 Real Estate Llc -- None Available
Colley Venetta Mckay $173,000 Alliance Title Corporation
Bag Enterprises Trust #3 -- None Available
The Chicago Heights National Bank -- Greater Illinois Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colley Venetta Mckay $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2022 12/07/22 Sold $230,000 -8.0% --
10/24/2022 10/24/22 Pending -- -- --
07/04/2022 07/04/22 For Sale $249,999 +293.7% --
03/04/2022 03/04/22 Sold $63,500 0.0% --
02/03/2022 02/03/22 For Sale -- -- --
02/01/2022 02/01/22 Pending -- -- --
01/27/2022 01/27/22 Off Market $63,500 -- --
01/25/2022 01/25/22 For Sale $55,000 -- --
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
2023 $4,887 $42,180 $3,440 $38,740
2022 $4,266 $37,486 $3,057 $34,429
2021 $4,039 $34,322 $2,799 $31,523
2020 $3,922 $32,167 $2,623 $29,544
2019 $3,746 $30,232 $2,465 $27,767
2018 $3,617 $29,581 $2,412 $27,169
2017 $3,581 $27,251 $2,222 $25,029
2016 $3,771 $27,075 $2,208 $24,867
2015 $3,674 $26,350 $2,149 $24,201
2014 $3,674 $26,616 $2,171 $24,445
2013 $3,674 $27,891 $2,275 $25,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11453695

Midwest Real Estate Data (MRED)

APN: 15-05-105-020