NOT LISTED FOR SALE

3700 Chicago Rd Steger, IL 60475

Estimated Value: $121,000 - $279,000

8 Beds
6 Baths
4,800 Sq Ft
$42/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $130,000 $27 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,296/month

57 Days on Market

About This Home

As of April 2022

3 two flats for this price (6 units)....Cash Only!! Seller will make no repairs. 2 Buildings are in decent shape, needs windows and cosmetic repairs. (Building 1) 3700 & (Building 2) 3706 Chicago Rd. and (Building 3) 8 W. 37th St. (A total of 6 units). . Off street parking. Great Investment Opportunity. Updated electric, Boiler and Furnace. 1 building has severe water damage.

Last Agent to Sell the Property

Jason Smith

Hoffman Realtors LLC License #475180201 Listed on: 11/24/2021

Last Buyer's Agent

Cynthia Agate

Keller Williams Preferred Rlty License #475187390

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x125
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Pitched Roof
  • Composition Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $637
  • Insurance Expense $2,942
  • Maintenance Expense $650
  • Water Sewer Expense $978
  • Operating Expense $18,012

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1936
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Listing Office,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Refrigerators: 6
  • Ranges: 6
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 230000
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding
  • Roof Structure: Pitched
  • Misc Outside: Enclosed Porch

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Water-Municipal
  • Heat/Ventilation: Forced Air,Gas,Radiators

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes

Fee Information

  • Water Sewer Expenses: 978
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.25
  • Lot Dimensions: 90X125
  • Lot Size Sq Ft: 11250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10
  • Tenancy Type: Month To Month,No Lease,None

Building Info

  • BuildingAreaTotal: 4800

Multi Family

  • Insurance Expense: 2942
  • ElectricExpense: 637
  • Maintenance Expense: 650
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 18012
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9677
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Crown Residential Llc
Bought by
Smith Juliet
Current Estimated Value
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Outstanding Balance
$243,114
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$84,114
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Smith Juliet -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Juliet $248,500
Previous Owner Marquette Bank $153,965
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $130,000 -43.5% $27 / Sq Ft
01/21/2022 01/21/22 Pending -- -- --
11/24/2021 11/24/21 For Sale $230,000 -- $48 / Sq Ft
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
2023 $2,466 $21,281 $4,133 $17,148
2022 $2,152 $27,739 $3,673 $24,066
2021 $2,989 $25,397 $3,363 $22,034
2020 $2,902 $23,802 $3,152 $20,650
2019 $2,772 $22,370 $2,962 $19,408
2018 $2,676 $21,888 $2,898 $18,990
2017 $2,650 $20,164 $2,670 $17,494
2016 $2,791 $20,034 $2,653 $17,381
2015 $2,625 $19,498 $2,582 $16,916
2014 $2,625 $19,695 $2,608 $17,087
2013 $2,625 $20,638 $2,733 $17,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11276196

Midwest Real Estate Data (MRED)

APN: 23-15-05-403-030