NOT LISTED FOR SALE

412 Inland Dr Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
2,614 Sq Ft

Last Sold April 29, 2016

Last sale price $455,000

159 Days on Market

About This Home

As of April 2016

POSITIVE CASH FLOW. 100% OCCUPIED. A MONEY MAKER. ALL BRICK BUILDING HAS A TOTAL OF 6 UNITS, SOME WITH BALCONIES: 3 EACH WITH TWO BEDROOMS, 1 BATH AND 3 EACH WITH ONE BEDROOM, ONE BATH. FULLY RENTED AND ALWAYS IN DEMAND. RENTAL OFFICE IN COMPLEX. MODEL APARTMENT MAKES IT EASY TO RENT. NEWER FRONT DOOR/CANOPY, NEW LOBBY CARPET, FRESHLY PAINTED. NEWER BOILER AND WATER HEATER ALL UNDER 9 YEARS OLD. LOCATED IN HIGH DEMAND AREA. MANY CORP HEADQUARTERS/OFFICES IN THE AREA SUCH AS BELL & HOWELL. NEAR TO TRAIN STATION, PALWAUKEE AIRPORT, HIGHWAYS..ETC.

Last Agent to Sell the Property

Jairaj (Jay) Bhatia

Century 21 Langos & Christian License #475105773 Listed on: 09/16/2015

Century 21 Langos & Christian

Last Buyer's Agent

Sangeeta Chavan

Charles Rutenberg Realty of IL License #475144081

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • 2,614

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $3,352
  • Insurance Expense $1,740

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Oper Income: 39878
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 2000
  • Roof Structure: Flat
  • Total Annual Exp: 22910
  • Total Annual Income: 62788
  • Total Monthly Income: 5149
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1982
  • Type Multi Family: Flats, Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1982

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.06

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Baseboard
  • Water Expense: 4478

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Common Insurance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 501

Lot Info

  • Lot Dimensions: 2730 SQ FT
  • Parcel Identification Number: 03123001240000

Rental Info

  • Gross Rental Income: 62788
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2014
  • Fuel Expense: 3352
  • Insurance Expense: 1740
  • Other Expenses: 3600
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9239.62
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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
04/29/2016 04/29/16 Sold $455,000 -7.0% --
02/22/2016 02/22/16 Pending -- -- --
09/16/2015 09/16/15 For Sale $489,000 -- --
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 $19,154 $71,000 $2,457 $68,543
2024 $19,154 $57,153 $1,979 $55,174
2023 $18,267 $57,153 $1,979 $55,174
2022 $18,267 $57,153 $1,979 $55,174
2021 $14,870 $40,136 $1,569 $38,567
2020 $14,483 $40,136 $1,569 $38,567
2019 $15,292 $46,670 $1,569 $45,101
2018 $14,164 $38,811 $1,365 $37,446
2017 $13,875 $38,811 $1,365 $37,446
2016 $12,116 $38,811 $1,365 $37,446
2015 $9,452 $29,151 $1,160 $27,991
2014 $9,240 $29,151 $1,160 $27,991
2013 $8,511 $29,151 $1,160 $27,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09040135

Midwest Real Estate Data (MRED)
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