Seller's Agent in 2023
Phu Nguyen
Citypoint Illinois LLC
(312) 543-4930
2 in this area
95 Total Sales
9
Beds
6
Baths
--
Sq Ft
1970
Built
About This Home
As of June 2023Meticulously maintained 6-unit brick apartment building in Alsip, IL. This building contains (3) 2-beds and (3) 1-bedroom units with a gross income of $81,900. 5 out of the 6 units have been updated and new windows have been installed. Value add opportunity for a new investor to come in and raise rents to market rate, monetize the parking/garage spaces and shift gas and electric utility expenses to tenants. The building has been well maintained over the years both on the interior and exterior and is an excellent buy for a proactive investor.
Last Agent to Sell the Property
Citypoint Illinois LLC License #471022579 Listed on: 03/15/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,382
Year Built
- Built in 1970
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Utilities
- Central Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $540
- Fuel Expense $2,800
- Insurance Expense $3,000
- Other Expense $1,632
- Trash Expense $960
- Water Sewer Expense $3,600
- Operating Expense $33,609
- Gross Income $81,900
- Net Operating Income $48,291
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2023 06/02/23 | Sold | $705,000 | -2.8% | -- | |
| 04/08/2023 04/08/23 | Pending | -- | -- | -- | |
| 03/15/2023 03/15/23 | Price Changed | $725,000 | +900.0% | -- | |
| 03/15/2023 03/15/23 | For Sale | $72,500 | -81.3% | -- | |
| 05/28/2020 05/28/20 | Sold | $388,000 | -8.7% | -- | View Prior Sale |
| 04/05/2020 04/05/20 | Pending | -- | -- | -- | |
| 04/01/2020 04/01/20 | For Sale | $425,000 | 0.0% | -- | |
| 03/23/2020 03/23/20 | Pending | -- | -- | -- | |
| 03/04/2020 03/04/20 | For Sale | $425,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $16,173 | $45,000 | $6,512 | $38,488 |
| 2024 | $16,173 | $45,000 | $6,512 | $38,488 |
| 2023 | $14,401 | $45,000 | $6,512 | $38,488 |
| 2022 | $14,401 | $33,101 | $5,624 | $27,477 |
| 2021 | $13,701 | $33,100 | $5,624 | $27,476 |
| 2020 | $13,382 | $33,100 | $5,624 | $27,476 |
| 2019 | $13,720 | $32,926 | $5,032 | $27,894 |
| 2018 | $15,797 | $39,363 | $5,032 | $34,331 |
| 2017 | $16,103 | $39,363 | $5,032 | $34,331 |
| 2016 | $12,253 | $29,426 | $4,144 | $25,282 |
| 2015 | $12,014 | $29,426 | $4,144 | $25,282 |
| 2014 | $12,968 | $32,706 | $4,144 | $28,562 |
| 2013 | $10,463 | $31,435 | $4,144 | $27,291 |
Source: Public Records
Agents Affiliated with this Home
-
Phu Nguyen
-
Elia Pinto
E
Buyer's Agent in 2023
Elia Pinto
Harthside Realtors, Inc.
(708) 307-0602
2 in this area
48 Total Sales
-
dave herman
d
Seller's Agent in 2020
dave herman
Century 21 Circle
(815) 838-0110
25 Total Sales
-
Filip Variciuc
Buyer's Agent in 2020
Filip Variciuc
Mihaila Realty LTD
(773) 585-2112
6 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11738066
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