NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1978 Built

Sale Details

Date Sold: January 15, 2025

Last sale price $1,150,000

49 Days on Market

About This Home

As of January 2025

Solid, Quiet, All-Brick 6 Flats in Lincoln Terrace * Room To Increase Rents To Market Rates * Excellent Location Near Restaurants & Shopping * 3 Blocks to Train, Close to I-57 & Rt 30 * Coin Laundry On Site Provides Additional Income * Recent Unit Upgrades Including New Floors, New Cabinets, New Appliances This property is being sold as a package with 4052 216th St, Matteson, IL 60443 for $1,200,000. Proof of funds or lender approval is required before touring. Don't miss this prime investment opportunity!

Last Agent to Sell the Property

William Lundy

Brookline Real Estate LLC License #475174897 Listed on: 08/27/2024

Last Buyer's Agent

Mary Hanna

Real People Realty License #475192892

Real People Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,505

Year Built

  • Built in 1978

Home Design

  • Garden Apartment

Additional Features

  • 3-Story Property
  • Lot Dimensions are 165x139
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, water, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $90,604
  • Gross Income $185,076
  • Net Operating Income $96,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,505

Year Built

Built in 1978

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fire Protection: Alarm Monitored,Alarm On Site,Fire Extinguisher/s
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Number of Washers: 1
  • Room: 0

Utilities

  • Cooling: Central Air, Central Individual
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric,Forced Air
  • Leased Washer Dryer YN: Yes

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 165X139
  • Zoning: MULTI
  • Alternate Phone Number: (708) 921-7952

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Water, Hot Water
  • Board Number: 10

Multi Family

  • Net Operating Income: 96122
  • GrossIncome: 185076
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 90604
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 40505
  • Tax Year: 2023

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Jan 13, 2025
Sold by
Bought by
Seller's Agent
William Lundy
Brookline Real Estate LLC
Buyer's Agent
Mary Hanna
Real People Realty
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Outstanding Balance
$895,664
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 29, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
4.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 22, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,600
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
8.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Old Matteson, IL

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Purchase 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 Buyer Sale Price Title Company
$1,150,000 Fidelity National Title
$382,500 Fidelity National Title
$250,000 None Available
-- Attorneys Title Guaranty Fun
$516,000 Git
$456,000 Git
-- --
$299,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $910,000
Previous Owner $612,000
Previous Owner $387,000
Previous Owner $387,600
Previous Owner $239,200
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
01/15/2025 01/15/25 Sold $1,150,000 -4.2% --
10/15/2024 10/15/24 Pending -- -- --
10/15/2024 10/15/24 For Sale $1,200,000 0.0% --
09/27/2024 09/27/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $1,200,000 -- --
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 $20,252 $49,000 $6,384 $42,616
2024 $20,252 $49,000 $6,384 $42,616
2023 $17,185 $49,000 $6,384 $42,616
2022 $17,185 $31,676 $5,586 $26,090
2021 $17,420 $31,676 $5,586 $26,090
2020 $16,133 $31,676 $5,586 $26,090
2019 $16,018 $30,949 $5,187 $25,762
2018 $16,015 $30,949 $5,187 $25,762
2017 $15,375 $30,949 $5,187 $25,762
2016 $12,473 $25,367 $4,788 $20,579
2015 $12,365 $25,367 $4,788 $20,579
2014 $13,615 $28,834 $4,788 $24,046
2013 $14,209 $32,920 $4,788 $28,132
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12149440

Midwest Real Estate Data (MRED)
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