NOT LISTED FOR SALE

401 Washington Blvd Oak Park, IL 60302

12 Beds
12 Baths
-- Sq Ft
1968 Built

Last Sold November 21, 2016

Last sale price $800,000

3 Days on Market

About This Home

As of November 2016

Nice easy to rent 12 unit apartment building in Oak Park. All apartments are 1 bedroom units. 7 parking spaces for additional income along with coin laundry in basement! 10 of the 12 units have been updated in the last few years. Building has a number of long term residents. Proximity to Blue & Green lines, along with Madison Ave & Ridgeland bus routes make this building an ideal choice for renters. Large basement has laundry and storage space, along with other storage areas for the owner. Rents in some units could be higher to increase ROI - Make this property yours and start making money right away.

Last Agent to Sell the Property

John Lawrence

Berkshire Hathaway HomeServices Chicago License #471007788 Listed on: 09/26/2016

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

John Lawrence

Berkshire Hathaway HomeServices Chicago License #471007788 Listed on: 09/26/2016

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Home Design

  • Brick Exterior Construction

Partially Finished Basement

  • Exterior Basement Entry

Community Details

  • Fuel Expense $3,500
  • Insurance Expense $4,000

Listing and Financial Details

  • Tenant pays for electric
  • $17,500 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Utilities To Site: Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2016
  • Net Oper Income: 61750
  • Outdoor Parking: 6-12 Spaces, Paved
  • Repairs Decor Expense: 10000
  • Roof Structure: Flat
  • Scavenger Expense: 1200
  • Total Annual Exp: 46910
  • Total Annual Income: 108660
  • Total Monthly Income: 9055
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 2
  • Estimated Year Built: 1968
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1968

Interior Features

  • Basement: Partially Finished, Exterior Access

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street, Signal Intersection

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Heatventilation: Central Bldg Heat
  • Water Expense: 2500

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 500
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 57 X 150
  • Land Amenities: Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 16074230080000

Rental Info

  • Gross Rental Income: 8500
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 3500
  • Insurance Expense: 4000
  • Other Expenses: 1000
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 21810

Range of Values:

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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
11/21/2016 11/21/16 Sold $800,000 0.0% --
09/29/2016 09/29/16 Pending -- -- --
09/26/2016 09/26/16 For Sale $799,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09353275

Midwest Real Estate Data (MRED)