NOT LISTED FOR SALE

3700 Emerson Ave Rolling Meadows, IL 60008

7 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold June 25, 2021

Last sale price $450,000

4 Days on Market

About This Home

As of June 2021

THIS RARE ALL BRICK 4-UNIT BUILDING IS CONDO CONVERSION READY OR KEEP AS INCOME GENERATING RENTAL! EACH APARTMENT SET UP ON IT'S OWN UTILITIES. 3 2 BEDROOM UNITS & A 1 BEDROOM UNIT PLUS LAUNDRY, UTILITY ROOM W/ COIN OPERATED WASHER & DRYER. WELL MAINTAINED & OPERATED! UPDATED ROOF, GUTTERS, & DOWNSPOUTS, FURNACES, H2O HTRS, PLUMBING, WINDOWS, BATHROOMS, APPLIANCES, & MORE. HARDWOOD STAIRS UNDER TILE & IN UNIT 2A! BEAUTIFUL LARGE LAWN COULD BE PICNIC GROVE W/ GRILLS! LIST PRICE BASED ON RECENT APPRAISAL. 2 OF 4 UNITS AVAILABLE TO VIEW UPON INITIAL SHOWING! LONG TIME MONTH TO MONTH RENTERS ARE PAYING BELOW MARKET VALUE. APPRAISER ESTIMATED PROJECTED RENTS ARE $1,125 PER 3 BEDROOM AND $875 FOR 1 BEDROOM. EXCELLENT LOCATION CLOSE TO SHOPPING, SCHOOLS, PARKS, EXPWY, EVERYTHING!

Last Listed By

Nadine Pomilia

RE/MAX Suburban License #475125357 Listed on: 04/25/2021

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,504

Year Built

  • Built in 1963

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • English Basement

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Kimball Hill Elementary School
  • Sandburg Elementary Middle School
  • Rolling Meadows High School

Utilities

  • Heating System Uses Steam
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,690
  • Gross Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,504

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: English
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 540000
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiant
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 5550

Schools

  • Elementary School: Kimball Hill Elementary School
  • High School: Rolling Meadows High School
  • Middle/Junior School: Sandburg Elementary School
  • Middle/Junior School District: 152

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: TBD
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes
  • TenantPays: All

Multi Family

  • Insurance Expense: 1690
  • GrossIncome: 43800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 12504.21
  • Tax Year: 2019
  • Tax Exemptions: None

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

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $450,000 -16.7% --
04/30/2021 04/30/21 For Sale -- -- --
04/29/2021 04/29/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $540,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11065494

Midwest Real Estate Data (MRED)