NOT LISTED FOR SALE

3700 Chicago Rd Steger, IL 60475

Steger Area

Estimated Value: $121,000 - $233,000

8 Beds
6 Baths
4,800 Sq Ft
$37/Sq Ft Est. Value

Sale Details

Date Sold: April 15, 2022

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

Est. 36% increase in value since last sale

Current estimated payment $1,167 / mo

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

  • 11,250 Sq Ft 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

0.26 Acres

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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • 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

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
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9677
  • Tax Year: 2020

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

Closed on
Apr 21, 2023
Sold by
Bought by
Current Estimated Value
$177,000

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
Interest Rate
0.066%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 24, 2021
Closed on
Apr 15, 2022
Sold by
Bought by
Seller's Agent
Jason Smith
Hoffman Realtors LLC
Buyer's Agent
Cynthia Agate
Keller Williams Preferred Rlty
List Price
$230,000
Sold Price
$130,000
Premium/Discount to List
-$100,000
-43.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.48%
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

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
-- First American Title
$130,000 Fidelity National 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
Open $248,500
Previous Owner $153,965
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
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

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
2024 $2,433 $23,833 $4,629 $19,204
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

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