NOT LISTED FOR SALE

3745 Ruby St Schiller Park, IL 60176

18 Beds
12 Baths
-- Sq Ft
1963 Built

Last Sold October 26, 2021

Last sale price $1,250,000

21 Days on Market

About This Home

As of October 2021

Ideal Investment Opportunity - exceptionally maintained 12-unit apartment building. Significant value-add potential via simple rent increases on turnover. Current rents are well-below market. On-site parking, large bonus room, easy to manage & lease. Showings: Tue-Fri only, 24-hour notice, buyer loan pre-approval or POF, broker must attend w/client, masks mandatory.

Last Agent to Sell the Property

Paul Montes

Tucker Healy, LLC License #471015254 Listed on: 08/02/2021

Co-Listed By

Eric Spiess

Inland Real Estate Commercial Brokerage, INC License #475136763

Last Buyer's Agent

Kurt Shreffler

606 Realty LLC License #475145065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,536

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 200x460x200x460

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3-Story Property
  • Monitored

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $711
  • Fuel Expense $4,333
  • Insurance Expense $3,884
  • Maintenance Expense $1,257
  • Trash Expense $2,443
  • Water Sewer Expense $5,285
  • Operating Expense $41,953
  • Gross Income $122,760
  • Net Operating Income $80,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,536

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 18
  • Fire Protection: Alarm Monitored
  • Fireplaces: 2
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Gas
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 2443
  • Water Sewer Expenses: 5285

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 200X460X200X460
  • Alternate Phone Number: (630) 363-8833

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 80807
  • Fuel Expense: 4333
  • Insurance Expense: 3884
  • ElectricExpense: 711
  • GrossIncome: 122760
  • Maintenance Expense: 1257
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 41953
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 21536
  • Tax Year: 2019
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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 List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $1,250,000 -13.8% --
08/24/2021 08/24/21 Pending -- -- --
08/22/2021 08/22/21 For Sale -- -- --
08/13/2021 08/13/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $1,450,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $32,840 $117,000 $9,200 $107,800
2024 $32,840 $102,000 $12,880 $89,120
2023 $32,833 $102,000 $12,880 $89,120
2022 $32,833 $102,000 $12,880 $89,120
2021 $26,211 $68,372 $12,880 $55,492
2020 $25,096 $68,372 $12,880 $55,492
2019 $21,536 $68,372 $12,880 $55,492
2018 $20,506 $57,437 $7,820 $49,617
2017 $20,454 $57,437 $7,820 $49,617
2016 $19,239 $57,437 $7,820 $49,617
2015 $22,231 $62,287 $7,360 $54,927
2014 $22,059 $62,287 $7,360 $54,927
2013 $21,284 $62,287 $7,360 $54,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11175841

Midwest Real Estate Data (MRED)