NOT LISTED FOR SALE

3602 Chicago Rd Steger, IL 60475

Estimated Value: $113,160 - $152,000

3 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold August 04, 2020

Last sale price $74,000

Est. 77% increase in value since last sale

Current estimated payment $722/month

91 Days on Market

About This Home

As of August 2020

Great opportunity to own this income generating 2 unit building on 4 lots! Owner has made several updates and both units have consistently generated income. With 4 lots and commercial zoning, the land itself is a great opportunity for your next investment! Lots of possibilities and a positive cash flow right out of the gate. Do not wait, will not last long at this price.

Last Agent to Sell the Property

Marti LaHood

Keller Williams Preferred Rlty License #475180679 Listed on: 02/28/2020

Keller Williams Preferred Rlty

Last Buyer's Agent

Kevin Glovach

RE/MAX 1st Service

RE/MAX 1st Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,290

Year Built

  • Built in 1912

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 96x124

Home Design

  • Duplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,290

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 96X124
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3289.5
  • Tax Year: 2018

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2015
Sold by
Gonzalez Francisco and Gonzalez Joseph B
Bought by
Eastern Savings Bank Fsb
Current Estimated Value
$130,790

Purchase Details

Closed on
Oct 5, 2007
Sold by
Gonzalez Joseph B and Gonzalez Aurelia M
Bought by
Gonzalez Joseph B and Gonzalez Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,400
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records
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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
Eastern Savings Bank Fsb $54,900 Attorney
Gonzalez Joseph B -- Residential Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Joseph B $92,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2020 08/04/20 Sold $74,000 -17.8% --
05/29/2020 05/29/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $89,999 -- --
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 $470 $4,547 $4,547 $0
2023 $470 $4,060 $4,060 $0
2022 $445 $3,608 $3,608 $0
2021 $389 $3,303 $3,303 $0
2020 $378 $3,096 $3,096 $0
2019 $361 $2,910 $2,910 $0
2018 $348 $2,847 $2,847 $0
2017 $345 $2,623 $2,623 $0
2016 $363 $2,606 $2,606 $0
2015 -- $2,536 $2,536 $0
2014 -- $2,562 $2,562 $0
2013 -- $2,685 $2,685 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10651137

Midwest Real Estate Data (MRED)

APN: 23-15-05-224-028