NOT LISTED FOR SALE

402 Inland Dr Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
1980 Built

Last Sold June 24, 2016

Last sale price $472,500

69 Days on Market

About This Home

As of June 2016

6 UNIT APARTMENT BUILDING, FULLY OCCUPIED, POSITIVE CASH FLOW. 3-2 BEDROOM AND 3-1 BEDROOM UNITS. PRIVATE BALCONIES. TENANT PAYS ELECTRIC. ASSOC FEE INCLUDES: PARKING LOTS, RENTAL OFFICE, LAWN CARE, SNOW REMOVAL AND SCAVENGER. MANY RECENT UPDATES INCLUDING: NEW AIR CONDITIONERS, LAMINATE FLOORING, UPDATED KITCHEN AND BATHS IN SOME UNITS.

Last Agent to Sell the Property

Derrick Czapla

Core Realty & Investments Inc. License #475158899 Listed on: 01/12/2016

Last Buyer's Agent

Maria Simoncelli

Durante & Rich Real Estate License #475157022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $2,400
  • Insurance Expense $2,600

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Potential Use: Commercial
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 41613
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Total Annual Exp: 20787
  • Total Annual Income: 62400
  • Total Monthly Income: 5200
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1980
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1980

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Hot Water
  • Water Expense: 3900

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 324

Lot Info

  • Lot Dimensions: 50X50
  • Parcel Identification Number: 03123001840000

Rental Info

  • Gross Rental Income: 5200
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 2400
  • Insurance Expense: 2600
  • Number Of Dishwashers: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9234

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2016 06/24/16 Sold $472,500 -3.4% --
03/21/2016 03/21/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $489,000 -- --
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 $19,438 $73,000 $2,297 $70,703
2024 $19,438 $58,000 $1,850 $56,150
2023 $18,538 $58,000 $1,850 $56,150
2022 $18,538 $58,000 $1,850 $56,150
2021 $14,955 $40,365 $1,467 $38,898
2020 $14,566 $40,365 $1,467 $38,898
2019 $15,380 $46,936 $1,467 $45,469
2018 $14,999 $41,099 $1,276 $39,823
2017 $14,693 $41,099 $1,276 $39,823
2016 $13,712 $41,099 $1,276 $39,823
2015 $9,396 $26,368 $1,084 $25,284
2014 $9,165 $26,368 $1,084 $25,284
2013 $8,462 $26,368 $1,084 $25,284
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09116283

Midwest Real Estate Data (MRED)