NOT LISTED FOR SALE

381 W Terra Cotta Ave Crystal Lake, IL 60014

28 Beds
16 Baths
13,568 Sq Ft
1.2 Acres

Last Sold September 21, 2016

Last sale price $900,000 $66 Per Sq Ft

60 Days on Market

Highlights

  • 1.2 Acre Lot
  • Courtyard
  • Baseboard Heating
  • Crystal Lake Central High School Rated A
  • Central Heating

About This Home

As of September 2016

All brick 16 unit apartment building. 2 buildings. 381 Terra Cotta is an 8 unit with 4 2br 1 bth and 4 1 br 1 bth there is outdoor parking for 16 cars. 381 Terra Cotta is an 8 unit all 2 br 1 bth with 8 indoor parking spaces and 8 outside spaces. Owner pays water, heat, gas and rubbish. Heat is boiler hot water radiant and there is 1 boiler per building. There is a 3rd build able lot included in sale.

Last Agent to Sell the Property

Casey Voris

Berkshire Hathaway HomeServices Starck Real Estate License #475098690 Listed on: 05/25/2016

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Beatriz Guzman

N. Z. Homes License #471008808

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,308

Year Built

  • Built in 1960

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 210x250x210x250
  • Property fronts a state road
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Fiberglass Roof
  • Steel Siding
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 13,568 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 16 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 16 Units

Building Details

  • Fuel Expense $23,137
  • Insurance Expense $2,194
  • Maintenance Expense $4,128
  • Operating Expense $32,744
  • Gross Income $16,680
  • Net Operating Income $88,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,308

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Listing Agent Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 16
  • Total Bedrooms: 28
  • Basement Description: Unfinished
  • Fireplaces: 2
  • Refrigerators: 16
  • Ranges: 16
  • Number of Windows: 16
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete, Steel Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, State Road
  • List Price: 1000000
  • Roof: Fiberglass
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Balcony/ies,Courtyard,Fire Escape,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 19-30 Spaces
  • Indoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 1.2
  • Lot Dimensions: 210X250X210X250
  • Lot Size Sq Ft: 52500
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 3

Building Info

  • BuildingAreaTotal: 13568

Multi Family

  • Net Operating Income: 88325
  • Fuel Expense: 23137
  • Insurance Expense: 2194
  • GrossIncome: 16680
  • Maintenance Expense: 4128
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 32744
  • Expense Year: 2015
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 39308
  • Tax Year: 2015

Range of Values:

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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
09/21/2016 09/21/16 Sold $900,000 -30.8% $66 / Sq Ft
07/24/2016 07/24/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $1,300,000 -- $96 / Sq Ft
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: 09237291

Midwest Real Estate Data (MRED)