NOT LISTED FOR SALE

417 Windsor Dr Ottawa, IL 61350

16 Beds
8 Baths
6,960 Sq Ft
0.47 Acres

Last Sold March 15, 2016

Last sale price $320,000 $46 Per Sq Ft

30 Days on Market

About This Home

As of March 2016

THIS IS A 8 UNIT APARTMENT DWELLING WITH 2 BUILDINGS. ALL UNITS HAVE STOVE, REFRIGERATOR. SEPARATE UTILITIES. GREAT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Marty Fiocchi

Executive Realty Group LLC License #475126627 Listed on: 01/11/2016

Executive Realty Group LLC

Co-Listed By

Chico Perez

Executive Realty Group LLC License #475132900

Last Buyer's Agent

Debbie Burns

RE/MAX 1st Choice License #471009811

RE/MAX 1st Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,633

Year Built

  • Built in 1978

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 140x145
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,960 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $13,067
  • Gross Income $52,800
  • Net Operating Income $39,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,633

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • 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

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Possible Use: Multi-Family
  • Basement Description: Crawl
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Inside Corridor/s
  • Refrigerators: 8
  • Ranges: 8
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Brick
  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Paved

Utilities

  • Cooling: Wall Sleeve
  • Electric: Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer, Water to Site
  • Heat/Ventilation: Electric,Baseboard

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.47
  • Lot Dimensions: 140X145
  • Lot Size Sq Ft: 140
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6960

Multi Family

  • Net Operating Income: 39732
  • GrossIncome: 52800
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 13067
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 7633
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Mar 14, 2016
Sold by
Frawley Michael J and Frawley Rosemary L
Bought by
Nordstorm Investment Propertie
Seller's Agent
Marty Fiocchi
Executive Realty Group LLC
Buyer's Agent
Debbie Burns
RE/MAX 1st Choice
List Price
$395,000
Sold Price
$320,000
Premium/Discount to List
-$75,000
-18.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Outstanding Balance
$203,561
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2010
Closed on
Dec 16, 2012
Sold by
Olm Llc
Bought by
Frawle Michael J and Frawley Rosemary L
Seller's Agent
Larry Windsor
Windsor Realty
Buyer's Agent
Dee Barrera
Starved Rock Realty
List Price
$475,000
Sold Price
$313,000
Premium/Discount to List
-$162,000
-34.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.68%

Purchase Details

Closed on
May 21, 2008
Sold by
Olmstead Craig
Bought by
Olm Llc Property Series
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nordstorm Investment Propertie $316,000 --
Frawle Michael J $313,000 None Available
Olm Llc Property Series -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nordstorm Investment Propertie $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2016 03/15/16 Sold $320,000 -19.0% $46 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $395,000 +26.2% $57 / Sq Ft
12/18/2012 12/18/12 Sold $313,000 -34.1% $45 / Sq Ft View Prior Sale
11/07/2012 11/07/12 Pending -- -- --
09/02/2010 09/02/10 For Sale $475,000 -- $68 / Sq Ft
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
2024 $4,024 $38,928 $5,762 $33,166
2023 $4,112 $38,928 $5,762 $33,166
2022 $3,928 $36,725 $5,436 $31,289
2021 $3,953 $36,725 $5,436 $31,289
2020 $3,931 $36,725 $5,436 $31,289
2019 $4,064 $36,725 $5,436 $31,289
2018 $4,061 $36,725 $5,436 $31,289
2017 $4,045 $36,725 $5,436 $31,289
2016 $4,059 $36,725 $5,436 $31,289
2015 $4,047 $36,725 $5,436 $31,289
2012 -- $36,725 $5,436 $31,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09113909

Midwest Real Estate Data (MRED)

APN: 22-23-209003