$437,500
SOLD FEB 1, 2018

441 N Addison Rd Addison, IL 60101

24 Beds
21 Baths
-- Sq Ft
1971 Built

Recently Sold

9% Below List Price

413 Days on Market

About This Home

As of July 2023

THERE'S NO TIME LEFT ON THIS GREAT INVESTMENT OPPORTUNITY FOR THIS BRICK RANCH 6 UNIT BUILDING, NEWLY TUCKPOINTED, NEWER ROOF AND QUALITY WINDOWS THROUGHOUT THE ENTIRE BUILDING, HARDWOOD FLOORING IN EVERY UNIT, FULL BASEMENT FOR ALL YOUR STORAGE NEEDS, TENANTS PAY ALL UTILITIES INCLUDING HEAT AND COOKING GAS. NO VACANCY HISTORY, NO ASSOCIATION FEE AND PLENTY OF PARKING. ADDISON IS THE PLACE TO INVEST NOW, RENTS ARE VERY LOW DUE TO LONG TIME TENANTS, PLENTY OF PARKING FOR EVERYONE , CLOSE TO MOST EVERYTHING, SHOPPING AND TRANSPORTATION, ETC........ GREAT OPPORTUNITY

Last Agent to Sell the Property

Gabriel Corral

Coldwell Banker Realty License #475122461

Coldwell Banker Realty

Last Buyer's Agent

Doris Owens

Century 21 Circle License #475129649

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,813

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

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, heat, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $1,700
  • Maintenance Expense $1,000
  • Other Expense $100
  • Water Sewer Expense $3,000
  • Operating Expense $17,973
  • Gross Income $57,840
  • Net Operating Income $39,867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,813

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
  • 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: 479900
  • 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: 3000
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125 X 79
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters
  • Alternate Phone Number: (847) 877-0663

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 10

Multi Family

  • Net Operating Income: 39867
  • Insurance Expense: 1700
  • ElectricExpense: 360
  • GrossIncome: 57840
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17973
  • Expense Year: 2016
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 11813
  • Tax Year: 2016

Map

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)

Source: Midwest Real Estate Data (MRED)

MLS Number: 09375249

Midwest Real Estate Data (MRED)