NOT LISTED FOR SALE

441 N Addison Rd Addison, IL 60101

24 Beds
21 Baths
-- Sq Ft
1971 Built

Last Sold July 07, 2023

Last sale price $659,000

2 Days on Market

About This Home

As of July 2023

GREAT INVESTMENT PROPERTY FEATURING THIS WELL MAINTAINED BRICK RANCH 6 UNIT BUILDING! NEW ROOF, SOFFIT, FACIA (2022) AND POWERWASHED EXTERIOR + FRESHLY PAINTED! HARDWOOD THROUGHOUT ALL UNITS, FULL BASEMENT FOR ALL STORAGE NEEDS. TENANTS PAY ALL UTILITIES INCLUDING ELECTRIC. NO ASSOCIATION FEE AND PLENTY OF PARKING. ADDISON IS THE PLACE TO INVEST NOW, CLOSE TO HIGHWAYS, SHOPPING, AND TRANSPORTATION!

Last Listed By

Anam Ahmed

Century 21 Circle License #475192395 Listed on: 06/13/2023

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,197

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Exterior Basement Entry
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 21 Bathrooms

Additional Features

  • Lot Dimensions are 125 x 79
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $150
  • Insurance Expense $2,313
  • Maintenance Expense $5,000
  • Water Sewer Expense $6,000
  • Operating Expense $25,659
  • Gross Income $67,500
  • Net Operating Income $25,659

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,197

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 1
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 24
  • Basement Description: Unfinished
  • Fire Protection: Carbon Monoxide Detector(s)
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 0
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 600000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies

Utilities

  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Water Sewer Expenses: 6000
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125 X 79
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters
  • Alternate Phone Number: (773) 934-5590

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 25659
  • Insurance Expense: 2313
  • ElectricExpense: 150
  • GrossIncome: 67500
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25659
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 12196.9
  • Tax Year: 2022

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/07/2023 07/07/23 Sold $659,000 +9.8% --
06/16/2023 06/16/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $600,000 +37.1% --
02/01/2018 02/01/18 Sold $437,500 -8.8% --
12/12/2017 12/12/17 Pending -- -- --
10/25/2016 10/25/16 For Sale $479,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11807264

Midwest Real Estate Data (MRED)