NOT LISTED FOR SALE

Estimated Value: $405,000 - $870,975

7 Beds
6 Baths
4,330 Sq Ft
$131/Sq Ft Est. Value

Last Sold April 13, 2022

Last sale price $749,999 $173 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $3,707/month

13 Days on Market

About This Home

As of April 2022

Attention multi-family investors! Remodeled 6-unit apartment building in the ever-desirable Aurora market. Lovely remodeled units. Cash flow is excellent with significant remaining upside through value-addition. Tenants pay all utilities. Private off-street parking lot. Don't miss this chance to start or expand your mutli-family real estate portfolio. Showings for qualified buyers only. Do not disturb tenants!

Last Agent to Sell the Property

Corey Gallon

Suburban Life Realty, Ltd License #475196137 Listed on: 03/01/2022

Last Buyer's Agent

Alex Rullo

RE/MAX All Pro - St Charles License #475090750

RE/MAX All Pro - St Charles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,966

Year Built

  • Built in 1900

Lot Details

  • 5,808 Sq Ft Lot
  • Lot Dimensions are 66x88

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Frame Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 4,330 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for common area maintenance, electricity, heat, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $24,687
  • Gross Income $62,340
  • Net Operating Income $48,074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,966

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Block
  • List Price: 749999
  • Roof: Composition
  • Exterior Building Type: Frame
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X88
  • Lot Size Sq Ft: 5808
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Common Area Maintenance, Electricity, Heat, Sewer
  • Board Number: 5

Building Info

  • BuildingAreaTotal: 4330

Multi Family

  • Net Operating Income: 48074
  • GrossIncome: 62340
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24687
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6966
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2017
Sold by
Singh Tej K
Bought by
Shift 8 Properties Llc
Current Estimated Value
$568,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2008
Sold by
Singh Tej K
Bought by
Singh Tej K and Tej K Singh Revocable Living Trust Agree

Purchase Details

Closed on
Nov 18, 2004
Sold by
The Old Second National Bank Of Aurora
Bought by
Singh Tej K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Torrens Jorge and Torrens Zita
Bought by
Old Second National Bank Of Aurora and Trust #8996

Purchase Details

Closed on
Sep 20, 2002
Sold by
Kakoczki Emery
Bought by
Torrens Jorge and Torrens Zita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,030
Interest Rate
7.75%
Source: Public Records

Range of Values:

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Average Value
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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
Shift 8 Properties Llc $215,000 Chicago Title Insurance Co
Singh Tej K -- Chicago Title Insurance Co
Singh Tej K $276,000 First American Title
Old Second National Bank Of Aurora $218,500 First American Title
Torrens Jorge $165,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shift 8 Properties Llc $172,000
Previous Owner Singh Tej K $215,000
Previous Owner Torrens Jorge $131,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $749,999 0.0% $173 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $749,999 0.0% $173 / Sq Ft
01/12/2019 01/12/19 Rented $850 0.0% --
01/02/2019 01/02/19 Under Contract -- -- --
11/05/2018 11/05/18 For Rent $850 -- --
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 $8,428 $122,948 $7,180 $115,768
2023 $8,209 $109,853 $6,415 $103,438
2022 $7,360 $96,865 $5,853 $91,012
2021 $7,280 $90,182 $5,449 $84,733
2020 $6,966 $83,765 $5,061 $78,704
2019 $6,994 $79,375 $4,689 $74,686
2018 $7,032 $77,230 $4,337 $72,893
2017 $6,338 $75,633 $3,996 $71,637
2016 $6,013 $68,140 $3,425 $64,715
2015 -- $59,322 $2,945 $56,377
2014 -- $54,920 $2,707 $52,213
2013 -- $50,097 $2,587 $47,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11336062

Midwest Real Estate Data (MRED)

APN: 15-23-151-015