NOT LISTED FOR SALE

385 E Reed St Braidwood, IL 60408

Estimated Value: $533,000 - $1,087,592

18 Beds
9 Baths
-- Sq Ft
0.91 Acres

Last Sold March 24, 2022

Last sale price $1,000,000

Est. 27% decrease in value since last sale

Current estimated payment $4,946/month

55 Days on Market

About This Home

As of March 2022

Excellent opportunity to own 3 buildings for a total of 9 units. Includes a small garage with 3 separate bays for additional rental income. Buildings sit on a crawl space with 2 sump pumps per building (1 on each end).

Last Agent to Sell the Property

Mike Fleming

Marquette Properties, Inc License #475130622 Listed on: 09/24/2021

Co-Listed By

Ricardo Del Toro

Marquette Properties, Inc License #475188009

Last Buyer's Agent

Christine Thompson

Baird & Warner License #475132993

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,629

Year Built

  • Built in 2002

Lot Details

  • 0.91 Acre Lot
  • Lot Dimensions are 212 x 187

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Additional Features

  • 1-Story Property
  • Heating System Uses Gas

Community Details

  • 9 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,629

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 2002
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 18
  • Room: 0

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.91
  • Lot Dimensions: 212 X 187
  • Lot Size Sq Ft: 39644
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Other
  • Board Number: 17

Multi Family

  • NumberOfUnitsTotal: 9
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 10628.7
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Mar 24, 2022
Sold by
Ellis Enterprises Inc
Bought by
Keyami Properties Llc
Seller's Agent
Mike Fleming
Marquette Properties, Inc
Buyer's Agent
Christine Thompson
Baird & Warner
List Price
$1,080,000
Sold Price
$1,000,000
Premium/Discount to List
-$80,000
-7.41%
Current Estimated Value
$728,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$271,602
Avg. Annual Appreciation
-8.02%
Original Mortgage
$500,000
Outstanding Balance
$469,715
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$258,683

Purchase Details

Closed on
Sep 10, 2003
Sold by
Beaver Bobby
Bought by
Ellis John W and Ellis Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,400
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Keyami Properties Llc $1,000,000 Greater Illinois Title
Ellis Enterprises Inc -- Greater Illinois Title
Ellis John W $628,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keyami Properties Llc $500,000
Previous Owner Ellis John W $502,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $1,000,000 -7.4% --
11/19/2021 11/19/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $1,080,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $13,697 $205,638 $57,123 $148,515
2023 $13,697 $184,181 $51,163 $133,018
2022 $11,463 $167,133 $46,427 $120,706
2021 $11,136 $159,523 $44,313 $115,210
2020 $10,629 $151,135 $41,983 $109,152
2019 $10,074 $142,715 $39,644 $103,071
2018 $9,723 $136,570 $37,937 $98,633
2017 $9,557 $133,892 $37,193 $96,699
2016 $9,338 $129,489 $35,970 $93,519
2015 $9,026 $126,146 $35,041 $91,105
2014 $9,026 $126,146 $35,041 $91,105
2013 $9,026 $134,916 $37,477 $97,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11228920

Midwest Real Estate Data (MRED)

APN: 02-24-17-201-065