NOT LISTED FOR SALE

3937 E 2603rd Rd Sheridan, IL 60551

48 Beds
24 Baths
-- Sq Ft
4.47 Acres

Last Sold September 12, 2017

Last sale price $1,132,555

136 Days on Market

About This Home

As of September 2017

Investors this is a 24 unit apartment complex. Six bldgs w/ 4 units in each bldg. In great condition, professionally managed since 1995. Huge apts (approx. 900 sf each) 2 bedroom, 1 bath w/ lower rents. Each bldg has separate parcel #. Coin owned/operated laundry in each bldg. Interior & exterior storage. All roofs have been replaced or repaired within last 3 years. Apt bldgs sit on nearly 4.5 acres of property. Great investment property. All dimensions are approximate.

Last Agent to Sell the Property

Tina Sergenti

RE/MAX 1st Choice Listed on: 02/04/2017

RE/MAX 1st Choice

Last Buyer's Agent

Cori Michael

Nest Equity Realty License #471020969

Property Details

Home Type

  • Multi-Family

Year Built

  • 1991

Lot Details

  • 4.47

Home Design

  • Slab Foundation
  • Vinyl Siding

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, water/sewer
  • $7,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1991

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Utilities To Site: Sanitary Sewer to Site, Water-Community
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Oper Income: 113814
  • Outdoor Parking: 31-50 Spaces
  • Roof Coverings: Shingle Composition
  • Total Annual Exp: 71065
  • Total Annual Income: 173760
  • Total Monthly Income: 14480
  • Number of Ranges: 24
  • Number Of Refrigs: 24
  • Number Of Stories: 2
  • Estimated Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1991

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Vinyl Siding
  • Acreage: 4.47
  • Frontage Access: County Road

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Air Conditioner: Central Air
  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Forced Air, Gas

Condo/Co-op/Association

  • Units in Building: 24

Lot Info

  • Lot Dimensions: 274X815X115X17
  • Parcel Identification Number: 1017425000

Rental Info

  • Gross Rental Income: 194272
  • Tenant Pays: Air Conditioning, Electric, Heat, Water/Sewer

Multi Family

  • Number Of Dryers: 6
  • Number Of Washers: 6

Tax Info

  • Taxes: 23,669

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2017
Closed on
Sep 1, 2017
Sold by
Matz Family Properties Llc
Bought by
Sunrise Realty Corp
Seller's Agent
Tina Sergenti
RE/MAX 1st Choice
Buyer's Agent
Cori Michael
Nest Equity Realty
List Price
$1,225,000
Sold Price
$1,132,555
Premium/Discount to List
-$92,445
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$906,000
Outstanding Balance
$756,574
Interest Rate
3.9%

Purchase Details

Closed on
Dec 19, 2005
Sold by
Baumet Michael
Bought by
Brill Matz Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,287,000
Interest Rate
6.95%
Mortgage Type
Future Advance Clause Open End 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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Purchase History

Date Buyer Sale Price Title Company
Sunrise Realty Corp $1,133,000 --
Brill Matz Properties Llc $1,487,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunrise Realty Corp $906,000
Previous Owner Brill Matz Properties Llc $1,287,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2017 09/12/17 Sold $1,132,555 -11.9% --
06/20/2017 06/20/17 Pending -- -- --
06/05/2017 06/05/17 Price Changed $1,285,000 +4.9% --
05/03/2017 05/03/17 For Sale $1,225,000 0.0% --
04/16/2017 04/16/17 Pending -- -- --
02/04/2017 02/04/17 For Sale $1,225,000 -- --
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 $3,755 $55,147 $4,734 $50,413
2023 $3,922 $55,147 $4,734 $50,413
2022 $3,868 $52,025 $4,466 $47,559
2021 $3,946 $52,025 $4,466 $47,559
2020 $3,929 $52,025 $4,466 $47,559
2019 $3,905 $52,025 $4,466 $47,559
2018 $3,965 $52,025 $4,466 $47,559
2017 $3,970 $52,025 $4,466 $47,559
2016 $3,972 $52,025 $4,466 $47,559
2015 $4,136 $52,025 $4,466 $47,559
2012 -- $52,025 $4,466 $47,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09495027

Midwest Real Estate Data (MRED)

APN: 10-17-425000