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

Sale Details

Date 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

  • 13,939 Sq Ft 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

0.32 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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