NOT LISTED FOR SALE
9 Beds
4 Baths
-- Sq Ft
0.32 Acres

Last Sold July 16, 2021

Last sale price $397,500

6 Days on Market

Highlights

  • Corner Lot
  • Balcony
  • Patio
  • Workshop
  • Soaking Tub
  • Home Security System

About This Home

As of July 2021

Fully updated & fully leased brick 4-unit offered @ 9% cap rate! Four 2bd/1ba units and one 3bd/1ba unit, all rented on 12-month leases with fantastic tenants. All units have eat-in kitchen and their own furnace, A/C, water heater, 125amp electric panel, and electric bill (including heat). Upper units have large balconies. Big-ticket capital improvements are all done - tear-off roof and gutters done in 2021, new windows throughout in 2015, tuckpointing 2013; kitchens, bathrooms, flooring, and some mechanicals have been updated in the past 10 years, and parking lot is in great shape. Additional income from coin-op laundry on 1st floor. Comcast security cameras inside and out. All municipal inspections are up to date. Building is in a highly rentable location, less than one mile to Metra station, 3 miles to I-57, 1 mile to shopping and restaurants along Route 30, and very close to elementary, middle, and high schools. Save THOUSANDS in upfront costs with special financing; inquire for details!

Last Agent to Sell the Property

Alex Fenske

Keller Williams Preferred Rlty License #475128785 Listed on: 05/27/2021

Keller Williams Preferred Rlty

Last Buyer's Agent

Alex Fenske

Keller Williams Preferred Rlty License #475128785 Listed on: 05/27/2021

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,404

Year Built

  • Built in 1980

Lot Details

  • 0.32 Acre Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Workshop

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Schools

  • Sauk Elementary School
  • Illinois Middle School
  • Rich Central Campus High School

Utilities

  • Forced Air Heating System
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $636
  • Insurance Expense $1,677
  • Trash Expense $984
  • Water Sewer Expense $1,080
  • Gross Income $55,740
  • Net Operating Income $37,191

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,404

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1980
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Other Equipment: Security System, CO Detectors
  • Room Type: Workshop
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot, Outdoor Lighting, Sidewalks, Streetlights
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Parking Lot
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air, Indv Controls
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 984
  • Water Sewer Expenses: 1080
  • Other Expenses $: 1768

Schools

  • Elementary School: Sauk Elementary School
  • High School: Rich Central Campus High School
  • Middle/Junior School: Illinois School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.32
  • Lot Dimensions: 13918 SQ FT
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Heat

Multi Family

  • Net Operating Income: 37191
  • Insurance Expense: 1677
  • ElectricExpense: 636
  • GrossIncome: 55740
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12404
  • Tax Year: 2019
  • Tax Exemptions: None
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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
07/16/2021 07/16/21 Sold $397,500 -4.2% --
06/02/2021 06/02/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $415,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $14,053 $34,000 $5,567 $28,433
2024 $14,053 $34,000 $5,567 $28,433
2023 $14,695 $34,000 $5,567 $28,433
2022 $14,695 $27,086 $4,871 $22,215
2021 $14,896 $27,086 $4,871 $22,215
2020 $13,796 $27,086 $4,871 $22,215
2019 $12,404 $23,967 $4,523 $19,444
2018 $12,402 $23,967 $4,523 $19,444
2017 $11,906 $23,967 $4,523 $19,444
2016 $7,714 $15,688 $4,175 $11,513
2015 $7,647 $15,688 $4,175 $11,513
2014 $10,347 $21,913 $4,175 $17,738
2013 $9,735 $22,553 $4,175 $18,378
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11099031

Midwest Real Estate Data (MRED)