NOT LISTED FOR SALE
9 Beds
6 Baths
-- Sq Ft
2,571 Sq Ft Lot

Last Sold July 09, 2024

Last sale price $860,000

19 Days on Market

Highlights

  • Central Heating
  • Elk Grove High School Rated A
  • Hot Water Heating System

About This Home

As of July 2024

355 W Hawthorne Circle is a 6-flat in the Oak Terrace association of Mount Prospect with strong in-place income. The current monthly rent roll is $7,600/month with the majority of units renovated. The property consists of three (3) one-bedroom units and three (3) two-bedroom units. Additionally, the property features on-site laundry providing additional income. Monthly association fees cover landscaping, snow plowing and trash. This is a great investment opportunity in a high demand rental market.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 05/21/2024

Last Buyer's Agent

Hubert Cioromski

Troy Realty Ltd License #471012115

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,760

Year Built

  • Built in 1978

Lot Details

  • 2,571

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • 2,571 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $750
  • Fuel Expense $2,700
  • Insurance Expense $2,200
  • Maintenance Expense $900
  • Other Expense $3,300
  • Water Sewer Expense $5,875
  • Operating Expense $30,385
  • Gross Income $91,200
  • Net Operating Income $62,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,760

Year Built

Built in 1978

Lot Details

2,571 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Utilities

  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Water Sewer Expenses: 5875

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 2571
  • Lot Size Sq Ft: 2571

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

  • Net Operating Income: 62915
  • Fuel Expense: 2700
  • Insurance Expense: 2200
  • ElectricExpense: 750
  • GrossIncome: 91200
  • Maintenance Expense: 900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 30385
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13760
  • Tax Year: 2022
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $860,000 -1.1% --
06/10/2024 06/10/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $870,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $14,330 $72,000 $4,114 $67,886
2024 $14,330 $55,000 $4,114 $50,886
2023 $13,760 $55,000 $4,114 $50,886
2022 $13,760 $55,000 $4,114 $50,886
2021 $12,931 $45,255 $2,699 $42,556
2020 $12,585 $45,255 $2,699 $42,556
2019 $13,298 $52,623 $2,699 $49,924
2018 $13,135 $46,007 $2,313 $43,694
2017 $13,174 $46,007 $2,313 $43,694
2016 $12,387 $46,007 $2,313 $43,694
2015 $8,901 $30,831 $2,056 $28,775
2014 $8,755 $30,831 $2,056 $28,775
2013 $8,551 $30,831 $2,056 $28,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12062498

Midwest Real Estate Data (MRED)
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