NOT LISTED FOR SALE

407 Inland Dr Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
2,539 Sq Ft Lot

Last Sold March 09, 2019

Last sale price $470,000

243 Days on Market

About This Home

As of March 2019

FULLY LEASED BUILDING ! POSITIVE CASH FLOW! 3 -2 BED ROOM AND 3 -1 BED ROOM.

Last Agent to Sell the Property

Jesse Singh

RE/MAX SAWA License #475117365 Listed on: 03/22/2018

Last Buyer's Agent

Linda Wong

Chi Real Estate Group LLC License #475177664

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,100

Year Built

  • Built in 1982

Lot Details

  • 2,539 Sq Ft Lot
  • Lot Dimensions are 61x30x29x9x32x19x80

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • Association fees include parking, insurance, exterior maintenance, lawn care, internet
  • 6 Units

Building Details

  • Electric Expense $650
  • Fuel Expense $3,255
  • Insurance Expense $1,428
  • Maintenance Expense $1,200
  • Other Expense $3,600
  • Water Sewer Expense $6,145
  • Operating Expense $29,868
  • Gross Income $65,640
  • Net Operating Income $35,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,100

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Condominium, Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 1982
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Condominium, Multi-Family
  • Fire Protection: Hydrants On Site,Smoke or Fire Protectors
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Enclosed Stairs,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Electric,Baseboard
  • Leased Washer Dryer YN: Yes

Fee Information

  • Association Fee Includes: Parking, Insurance, Exterior Maintenance, Lawn Care, Internet
  • Water Sewer Expenses: 6145

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 61X30X29X9X32X19X80
  • Lot Size Sq Ft: 2539
  • Zoning: MULTI
  • Land Amenities: Children's Play Yard,Lighting/Exterior,Sidewalks,Cable Ready
  • Alternate Phone Number: (847) 606-3664

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 2

Multi Family

  • Net Operating Income: 35772
  • Fuel Expense: 3255
  • Insurance Expense: 1428
  • ElectricExpense: 650
  • GrossIncome: 65640
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 29868
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 13100
  • Tax Year: 2016

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
03/09/2019 03/09/19 Sold $470,000 -1.5% --
11/20/2018 11/20/18 Pending -- -- --
09/04/2018 09/04/18 Price Changed $477,000 -0.2% --
07/05/2018 07/05/18 Price Changed $478,000 -2.4% --
05/18/2018 05/18/18 For Sale $490,000 +2.1% --
05/18/2018 05/18/18 Price Changed $480,000 -2.0% --
05/04/2018 05/04/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $490,000 0.0% --
04/06/2018 04/06/18 Pending -- -- --
03/22/2018 03/22/18 For Sale $490,000 -- --
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 $2,285 $70,715
2024 $19,438 $58,000 $1,841 $56,159
2023 $18,538 $58,000 $1,841 $56,159
2022 $18,538 $58,000 $1,841 $56,159
2021 $14,911 $40,245 $1,459 $38,786
2020 $14,523 $40,245 $1,459 $38,786
2019 $15,334 $46,797 $1,459 $45,338
2018 $14,287 $39,149 $1,269 $37,880
2017 $13,996 $39,149 $1,269 $37,880
2016 $13,061 $39,149 $1,269 $37,880
2015 $10,046 $28,194 $1,079 $27,115
2014 $9,800 $28,194 $1,079 $27,115
2013 $9,048 $28,194 $1,079 $27,115
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09893061

Midwest Real Estate Data (MRED)