B
Seller's Agent in 2021
Brad Vinson
Keller Williams Preferred Rlty
3520 Phillips Ave Steger, IL 60475
Estimated Value: $161,185 - $217,000
4
Beds
2
Baths
--
Sq Ft
3,920
Sq Ft Lot
Highlights
- Landscaped Professionally
- Paved or Partially Paved Lot
- 4-minute walk to Veterans Memorial Park
- Property is near a park
- Heating Available
About This Home
As of September 2021Excellent Investment Opportunity or for Live In Owner and let the tenant pay your mortgage. Very quiet residential street with beautiful park directly across the street. Long time owner who completely rehabbed the building in 2009 with 2nd floor framed/built with 100% new electric and plumbing throughout the entire building. Both units have 2 bedrooms, 1 bath and eat-in kitchen, that are fully leased and has positive cash flow with security deposits of $2,600. Each tenant pays electric heat, gas for stoves that have separate meters and owner pays the water. Each tenant has a separate front and rear entrance and off street parking for 4 cars. AGI is $20,100 with minimal expenses. Rent are comparably low for the area, which creates additional opportunity at lease renewal.
Last Agent to Sell the Property
Brad Vinson
Keller Williams Preferred Rlty License #475160093 Listed on: 07/30/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,702
Year Built
- Built in 1914 | Remodeled in 2009
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 62x169x69x162
- Landscaped Professionally
- Paved or Partially Paved Lot
Home Design
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 6 Parking Spaces
- Driveway
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
- Unassigned Parking
Schools
- Bloom Trail High School
Additional Features
- Property is near a park
- Heating Available
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $557
- Water Sewer Expense $340
- Gross Income $20,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2021
Closed on
Sep 10, 2021
Sold by
Mkrs Investments
Bought by
Marathe Sanjay and Marathe Kshama
Seller's Agent
Brad Vinson
Keller Williams Preferred Rlty
Buyer's Agent
Sanjay Marathe
Keller Williams Infinity
List Price
$148,800
Sold Price
$140,500
Premium/Discount to List
-$8,300
-5.58%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,796
Avg. Annual Appreciation
8.57%
Purchase Details
Closed on
Jan 26, 2009
Sold by
Us Bank National Association
Bought by
Mkrs Investments Llc
Purchase Details
Closed on
Jun 26, 2008
Sold by
Cowgur Kyle L
Bought by
Us Bank Na and The Structured Asset Securities Corp Mor
Purchase Details
Closed on
Mar 5, 2008
Sold by
Cowgur Kyle L
Bought by
Us Bank Na and The Structured Asset Securities Corp Mor
Purchase Details
Closed on
Oct 12, 2005
Sold by
Hud
Bought by
Cowgur Kyle L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,712
Interest Rate
8.95%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Aug 16, 2004
Sold by
Preciado Jose F
Bought by
Hud
Purchase Details
Closed on
Jul 14, 2004
Sold by
Preciado Jose F
Bought by
Mortgage Electronic Registration Systems
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Marathe Sanjay | $140,500 | Chicago Title | |
| Mkrs Investments Llc | $31,000 | Wheatland Title Guaranty | |
| Us Bank Na | -- | None Available | |
| Us Bank Na | $90,319 | None Available | |
| Cowgur Kyle L | -- | None Available | |
| Hud | -- | -- | |
| Mortgage Electronic Registration Systems | $77,106 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cowgur Kyle L | $76,712 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/20/2021 09/20/21 | Sold | $140,500 | -5.6% | -- |
| 08/05/2021 08/05/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $148,800 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,381 | $52,011 | $5,093 | $46,918 |
| 2023 | $5,381 | $46,443 | $4,548 | $41,895 |
| 2022 | $4,697 | $41,275 | $4,042 | $37,233 |
| 2021 | $4,447 | $37,791 | $3,701 | $34,090 |
| 2020 | $4,319 | $35,418 | $3,469 | $31,949 |
| 2019 | $4,124 | $33,287 | $3,260 | $30,027 |
| 2018 | $3,982 | $32,571 | $3,190 | $29,381 |
| 2017 | $3,943 | $30,006 | $2,939 | $27,067 |
| 2016 | $4,153 | $30,552 | $2,920 | $27,632 |
| 2015 | $4,340 | $32,241 | $2,842 | $29,399 |
| 2014 | $4,340 | $32,567 | $2,871 | $29,696 |
| 2013 | $4,340 | $34,127 | $3,009 | $31,118 |
Source: Public Records
Agents Affiliated with this Home
-
-
Sharon Vinson
Seller Co-Listing Agent in 2021
Sharon Vinson
Keller Williams Preferred Rlty
(815) 260-9546
2 in this area
26 Total Sales
-
Sanjay Marathe
Buyer's Agent in 2021
Sanjay Marathe
Keller Williams Infinity
(630) 915-2970
1 in this area
160 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11174050
APN: 23-15-04-109-054
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