NOT LISTED FOR SALE
7 Beds
6 Baths
-- Sq Ft
6,098 Sq Ft Lot Lot

Sale Details

Date Sold: May 13, 2019

Last sale price $165,000 $0 Per Sq Ft

57 Days on Market

About This Home

As of May 2019

6 Unit Building with large floor plan located across from Metra, CTA and Palmer Park featuring 38 acres of park land complete with water park, fitness center, tennis courts and indoor gym. Individual furnaces, two 75 gallon hot water tanks, and recent tuck-pointing. Excellent cash flow opportunity looking for a new owner, needs renovation. 17% Cap Rate!! 17% Cap Rate!! 17% Cap Rate!!

Last Agent to Sell the Property

Don Robinson

ABS Property Consulting License #475160883 Listed on: 01/23/2019

ABS Property Consulting

Last Buyer's Agent

David Thomas

Blue Door Dave Inc License #471020400

Property Details

Home Type

  • Multi-Family

Year Built

  • 1915

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $1,200
  • Insurance Expense $4,000

Listing and Financial Details

  • Tenant pays for electric, heat
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1915

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Oper Income: 34800
  • Repairs Decor Expense: 1500
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 1600
  • Total Annual Exp: 13200
  • Total Annual Income: 48000
  • Total Monthly Income: 4000
  • Number Of Stories: 3
  • Estimated Year Built: 1915
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1915

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.14
  • Construction: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Forced Air, Separate Per Unit
  • Water Expense: 3500

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 400
  • Janitor Expense: 1000

Lot Info

  • Lot Dimensions: 50X125
  • Land Amenities: Security Entrance
  • Parcel Identification Number: 25222170040000

Rental Info

  • Gross Rental Income: 29235
  • Tenant Pays: Electric, Heat

Multi Family

  • Fuel Expense: 1200
  • Insurance Expense: 4000

Tax Info

  • Taxes: 5435
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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
05/13/2019 05/13/19 Sold $165,000 -5.6% --
03/21/2019 03/21/19 Pending -- -- --
03/14/2019 03/14/19 Price Changed $174,800 -11.7% --
03/06/2019 03/06/19 Price Changed $198,000 -0.2% --
02/23/2019 02/23/19 Price Changed $198,400 -0.2% --
01/23/2019 01/23/19 For Sale $198,800 -- --
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 $3,173 $28,979 $3,750 $25,229
2024 $3,173 $31,700 $3,750 $27,950
2023 $3,094 $15,000 $8,125 $6,875
2022 $3,094 $15,000 $8,125 $6,875
2021 $3,025 $15,000 $8,125 $6,875
2020 $3,298 $14,767 $5,000 $9,767
2019 $3,380 $16,781 $5,000 $11,781
2018 $3,323 $16,781 $5,000 $11,781
2017 $5,434 $25,189 $4,375 $20,814
2016 $5,057 $25,189 $4,375 $20,814
2015 $4,627 $25,189 $4,375 $20,814
2014 $5,195 $27,928 $3,750 $24,178
2013 $5,091 $27,928 $3,750 $24,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10255573

Midwest Real Estate Data (MRED)

APN: 25222170040000

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