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

Sale Details

Date Sold: July 9, 2024

Last sale price $860,000

19 Days on Market

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

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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jul 9, 2024
Sold by
Bought by
Seller's Agent
Melissa Morgan
Flats, LLC
Buyer's Agent
Hubert Cioromski
Troy Realty Ltd
List Price
$870,000
Sold Price
$860,000
Premium/Discount to List
-$10,000
-1.15%
Views
24

Purchase Details

Closed on
Aug 6, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,987,500
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,580,000 None Listed On Document
$2,650,000 North American Title Company
$470,000 Republic Title Company
$450,000 --
-- --
$267,000 --
$242,500 1St American Title
-- 1St American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,987,500
Previous Owner $2,350,000
Previous Owner $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12062498

Midwest Real Estate Data (MRED)
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