NOT LISTED FOR SALE

35094 N Wilson Rd Ingleside, IL 60041

Estimated Value: $406,000 - $527,000

6 Beds
5 Baths
-- Sq Ft
0.63 Acres

Last Sold March 06, 2020

Last sale price $220,000

Est. 110% increase in value since last sale

Current estimated payment $3,324/month

85 Days on Market

About This Home

As of March 2020

This UNIQUE, One-of-a-Kind, Nothing-Else-Like-It, Incredible, Unbelievable, FULLY-LEASED 5-Unit Residential Property, is a CASH COW just waiting for the RIGHT PERSON to Step-up-to-the-Plate and BUY THIS PROPERTY! Live in one-unit and rent out the 4 other units or LEASE all 5 units and sit back and collect the CASH! Either way... YOU WIN! Each Unit has a SEPARATE ENTRANCE and PATIO/FRONT PORCH! Large Private Back Yard, Huge Paved Parking Lot with Side Driveay and SPACE for up to 10 Cars! Located in Ingleside, IL, overlooking Beautiful LONG LAKE, and in Grant High School District, makes this Property a MUST-BUY, SURE-WINNER! Don't Wait! Make an appointment TODAY! You'll LOVE this PROPERTY! If you EVER wanted to OWN a Multi-Family Investment Property then THIS IS THE PROPERTY FOR YOU!

Last Agent to Sell the Property

Thomas Quigley

Baird & Warner License #471018389 Listed on: 07/21/2019

Baird & Warner

Last Buyer's Agent

Jose Mejia

New Century Real Estate License #475100368

Property Details

Home Type

  • Multi-Family

Year Built

  • 1929

Lot Details

  • 0.63

Home Design

  • Frame Construction

Utilities

  • Window Unit Cooling System

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $1,893
  • Insurance Expense $2,791

Listing and Financial Details

  • Tenant pays for electric, hot water

Property Details

Home Type

Multi-Family

Year Built

1929

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Zoning Type: COMMR
  • Estimated Age: Older
  • Net Oper Income: 25414
  • Outdoor Parking: 6-12 Spaces, Paved, Private Lot
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Scavenger Expense: 1440
  • Total Annual Exp: 16406
  • Total Annual Income: 41820
  • Total Monthly Income: 3485
  • Number of Ranges: 4
  • Number Of Refrigs: 4
  • Number Of Window A C: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1929
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Basement: Unfinished

Exterior Features

  • Exterior Building Type: Frame
  • Acreage: 0.63

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Forced Air, Gas, Hot Water, Baseboard

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 936

Lot Info

  • Lot Dimensions: 122 X 191
  • Lot Sq Ft: 27443
  • Parcel Identification Number: 05144000240000

Rental Info

  • Gross Rental Income: 41340
  • Tenant Pays: Electric, Hot Water

Multi Family

  • Fuel Expense: 1893
  • Insurance Expense: 2791
  • Other Expenses: 2448
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6785

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2019
Closed on
Mar 6, 2020
Sold by
Spahic Husnija and Spahic Sadeta
Bought by
Cruz Audenago
Seller's Agent
Thomas Quigley
Baird & Warner
Buyer's Agent
Jose Mejia
New Century Real Estate
List Price
$259,000
Sold Price
$220,000
Premium/Discount to List
-$39,000
-15.06%
Current Estimated Value
$462,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,300
Avg. Annual Appreciation
13.51%

Purchase Details

Closed on
Sep 16, 1999
Sold by
Remeikis Elke M
Bought by
Spahic Husnija and Spahic Sadeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 1999
Sold by
Marquette National Bank
Bought by
Remeikis Elke M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 1997
Sold by
King John
Bought by
Remeikis Elke M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8%
Mortgage Type
Commercial
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
Cruz Audenago $220,000 None Listed On Document
Spahic Husnija $236,000 --
Remeikis Elke M $225,000 --
Remeikis Elke M $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spahic Husnija $177,000
Previous Owner Remeikis Elke M $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $220,000 0.0% --
02/21/2020 02/21/20 Off Market $220,000 -- --
10/14/2019 10/14/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $259,000 0.0% --
08/13/2019 08/13/19 Pending -- -- --
08/06/2019 08/06/19 Price Changed $259,000 -5.8% --
07/21/2019 07/21/19 For Sale $274,900 -- --
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 $10,876 $160,262 $20,650 $139,612
2023 $10,764 $140,117 $19,454 $120,663
2022 $10,764 $135,545 $56,450 $79,095
2021 $10,049 $122,928 $48,373 $74,555
2020 $6,616 $77,519 $47,682 $29,837
2019 $6,844 $79,418 $50,806 $28,612
2018 $6,638 $76,762 $50,040 $26,722
2017 $6,530 $70,951 $46,252 $24,699
2016 $6,898 $64,890 $42,301 $22,589
2015 $8,918 $74,721 $39,475 $35,246
2014 $12,326 $108,440 $39,280 $69,160
2012 $11,228 $111,578 $40,928 $70,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10458629

Midwest Real Estate Data (MRED)

APN: 05-14-400-024