NOT LISTED FOR SALE
18 Beds
12 Baths
-- Sq Ft
1963 Built

Sale Details

Date 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

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

Lot Details

  • Lot Dimensions are 200x460x200x460

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

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

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

Listed on
Aug 2, 2021
Closed on
Oct 26, 2021
Sold by
Bought by
Seller's Agent
Paul Montes
Tucker Healy, LLC
Buyer's Agent
Kurt Shreffler
606 Realty LLC
Sold Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 1997
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$1,250,000 North American Title Company
$506,000 --
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 $875,000
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
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

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
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11175841

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.