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

Sale Details

Date Sold: July 9, 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

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

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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