NOT LISTED FOR SALE

3901 Vernon Ave Brookfield, IL 60513

8 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold November 15, 2024

Last sale price $657,500

17 Days on Market

Highlights

  • Corner Lot
  • 4-minute walk to Brookfield Station
  • 4 Car Detached Garage
  • Lyons Township High School Rated A+

About This Home

As of November 2024

ATTENTION INVESTORS! Check out this Wonderfully Maintained 4-Unit Brick Apartment Building with Updated Units, Central Air, Hardwood Floors, and a 4-Car Garage. The building consists of four 2-Bedroom, 1-Bath units with a basement for storage and coin-operated laundry. Each apartment has a separate meter for gas and electricity, which is paid for by the tenants. The building is located in a quiet residential neighborhood that's close to the Brookfield Metra Station, Shopping, Dining, Entertainment, and Services. Annual Revenue = 56,560 with good opportunity for increases as leases expire. Taxes reflect zero exemptions.

Last Agent to Sell the Property

Tom Baker

Coldwell Banker Realty License #475160381 Listed on: 09/19/2024

Coldwell Banker Realty

Last Buyer's Agent

Anne Monckton

@properties Christie's International Real Estate License #475131558

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,092

Year Built

  • Built in 1944

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 66 x 125
  • Corner Lot
  • Paved or Partially Paved Lot
  • Additional Parcels

Parking

  • 4 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Schools

  • Lincoln Elementary School
  • Washington Middle School
  • Lyons Twp High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $312
  • Insurance Expense $2,795
  • Trash Expense $1,284
  • Water Sewer Expense $1,740
  • Gross Income $55,560
  • Net Operating Income $35,421

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,092

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1944
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Finished,Cellar
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 1284
  • Water Sewer Expenses: 1740
  • Trash Expense Year: 2023

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Washington Middle School

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.19
  • Lot Dimensions: 66 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 35421
  • Fuel Expense: 312
  • Insurance Expense: 2795
  • ElectricExpense: 300
  • GrossIncome: 55560
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14092.23
  • Tax Year: 2023
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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
11/15/2024 11/15/24 Sold $657,500 0.0% --
10/08/2024 10/08/24 Off Market $1,200 -- --
10/06/2024 10/06/24 Pending -- -- --
10/01/2024 10/01/24 For Rent $1,200 0.0% --
09/19/2024 09/19/24 For Sale $675,000 -- --
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
2025 $7,041 $22,982 $2,954 $20,028
2024 $7,041 $22,982 $2,954 $20,028
2023 $6,261 $22,981 $2,954 $20,027
2022 $6,261 $17,393 $2,547 $14,846
2021 $5,986 $17,392 $2,546 $14,846
2020 $6,038 $17,392 $2,546 $14,846
2019 $5,865 $15,936 $2,343 $13,593
2018 $5,637 $15,936 $2,343 $13,593
2017 $5,361 $15,936 $2,343 $13,593
2016 $5,651 $15,605 $2,037 $13,568
2015 $5,446 $15,605 $2,037 $13,568
2014 $5,245 $15,605 $2,037 $13,568
2013 $5,164 $16,099 $2,037 $14,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12160231

Midwest Real Estate Data (MRED)