NOT LISTED FOR SALE

3750 Green St Steger, IL 60475

Estimated Value: $214,000 - $239,000

13 Beds
5 Baths
-- Sq Ft
0.52 Acres

Last Sold December 27, 2021

Last sale price $391,500

Est. 44% decrease in value since last sale

Current estimated payment $1,366/month

111 Days on Market

About This Home

As of December 2021

Unit Bedroom Bath Rent Unit 1 1 Bed 1 BA 550 Unit 2 1 Bed 1 BA 650 Unit 3 2 Bed 1 BA 645 Unit 4 2 Bed 1 BA 675 Unit 5 1 Bed 1 BA 650 Unit 6 2 Bed 1 BA 700 Unit 7 2 Bed 1 BA 850 Unit 8 2 Bed 1 BA 675 Gross Potential Rent $64,740 Vacancy 5% $3,237 Laundry $1,850 Effective Gross Income $63,353 Real Estate Taxes $7,959 Insurance $2,500 Water $1,968 Electric $1,068 Gas $2,137 Trash Removal $1,257 Landscaping/Snow $1,575 Repairs & Maintenance $2,150 Total Expenses $20,614 NOI $42,739 Price $399,000 Cap Rate 10.71% Stabilized Cap Rate 13.64% Price Per Unit $49,875

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 06/23/2021

Last Buyer's Agent

Steve Harris

RE/MAX 1st Service License #475099011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,959

Year Built

  • Built in 1950

Lot Details

  • 0.52 Acre Lot
  • Additional Parcels

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 5 Bathrooms

Additional Features

  • 2-Story Property
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,068
  • Insurance Expense $2,500
  • Maintenance Expense $2,150
  • Trash Expense $1,257
  • Water Sewer Expense $1,968
  • Operating Expense $20,614
  • Gross Income $64,740
  • Net Operating Income $42,739

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,959

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1950
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 13
  • Room: 0

Utilities

  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 1257
  • Water Sewer Expenses: 1968

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.52
  • Lot Dimensions: .52

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 42739
  • Insurance Expense: 2500
  • ElectricExpense: 1068
  • GrossIncome: 64740
  • Maintenance Expense: 2150
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 20614
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7959
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2010
Sold by
North Star Trust Company
Bought by
Mkrs Investments Llc
Current Estimated Value
$220,500

Purchase Details

Closed on
Jun 16, 2004
Sold by
Payne Curtis and Payne Antoinette
Bought by
Great Lakes Trust Co and Trust #03018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1999
Sold by
Dandino Pat and Johnson Linda M
Bought by
Payne Curtis and Payne Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
8.25%
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

Date Buyer Sale Price Title Company
Mkrs Investments Llc -- None Available
Great Lakes Trust Co $255,000 Title One
Payne Curtis $260,000 Title One
Dandino Pat -- Title One
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Great Lakes Trust Co $204,000
Previous Owner Payne Curtis $187,200
Closed Payne Curtis $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $391,500 -1.9% --
10/14/2021 10/14/21 Pending -- -- --
08/09/2021 08/09/21 For Sale -- -- --
07/26/2021 07/26/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $399,000 -- --
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
2024 $7,753 $74,940 $4,627 $70,313
2023 $7,753 $66,917 $4,132 $62,785
2022 $6,768 $59,471 $3,672 $55,799
2021 $6,408 $54,451 $3,362 $51,089
2020 $6,223 $51,032 $3,151 $47,881
2019 $5,943 $47,962 $2,961 $45,001
2018 $5,738 $46,929 $2,897 $44,032
2017 $5,681 $43,233 $2,669 $40,564
2016 $5,983 $42,954 $2,652 $40,302
2015 -- $45,208 $2,581 $42,627
2014 -- $54,632 $2,607 $52,025
2013 -- $57,248 $2,732 $54,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11134478

Midwest Real Estate Data (MRED)

APN: 23-15-05-405-032