NOT LISTED FOR SALE

445 Edwards Ave West Dundee, IL 60118

Estimated Value: $434,000 - $590,000

6 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold September 14, 2020

Last sale price $375,000

Est. 34% increase in value since last sale

Current estimated payment $3,426/month

18 Days on Market

Highlights

  • 2 Car Attached Garage
  • Dundee Highlands Elementary School Rated A-
  • Heating System Uses Steam

About This Home

As of September 2020

This well-maintained, all-brick property is an owner/investor's dream. With nearly 3500 SF and 3 legal and proper units, options abound: live in one unit and rent the others or rent all three! Apartment 1 is approximately 1000 SF and features 2 beds/1 bath, custom built kitchen cabinets (3/4'' solid plywood with oak veneer wood, ball bearing drawer rollers, full-drawer extensions, extra cabinet height for storage, and extra shelving), white plantation blinds, and solid oak hardwood floors under all carpeting in bedrooms, living room, and hallway. Apartment 2 is approximately 1000 SF and features 3 beds/1.5 baths, newer kitchen cabinets, and oak hardwood floors under all carpeting. Apartment 3 is an efficiency/studio unit featuring approximately 650 SF, brand new kitchen/entryway flooring, newer carpet, and walk in closet. Generous off-street parking (garage included) can accommodate 6 vehicles (2 cars per apartment). Similar 3 bedroom units are renting for $1,500 and the studio was recently rented for $885 making this an exceptional investment! Pride of ownership shows, with 2 newer high-efficiency gas hot-water boilers, 3 air conditioner units installed via wall sleeves, and newer carpet with extra thick padding. Other highlights include a private backyard and approx. 1000 SF basement with washer and dryer hookups/laundry room, mechanical room, and storage area. Extra attic insulation keeps utility bills low year round, and each unit has its own gas and electric meter. Home is steps away from Dundee Highlands Elementary and only a few short blocks to Spring Hill Mall and Dundee shops and dining!

Last Agent to Sell the Property

David Cahill

Brokerocity License #475171843 Listed on: 07/31/2020

Last Buyer's Agent

Paul Titterington

Platinum Partners Realtors License #475129510

Platinum Partners Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,947

Year Built

  • Built in 1961

Lot Details

  • 6,970

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Dundee Highlands Elementary Scho
  • Dundee Middle School
  • Dundee-Crown High School

Additional Features

  • 6,970 Sq Ft Lot
  • Heating System Uses Steam

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $800
  • Water Sewer Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,947

Year Built

Built in 1961

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 800

Schools

  • Elementary School: Dundee Highlands Elementary Scho
  • High School: Dundee-Crown High School
  • Middle/Junior School: Dundee Middle School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: LESS THAN .25 ACRES
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Insurance Expense: 800
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 7946.82
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 3, 2020
Sold by
Parkway Bank And Trust Company
Bought by
Rice Philip M and Rice Linda S
Seller's Agent
David Cahill
Brokerocity
Buyer's Agent
Paul Titterington
Platinum Partners Realtors
List Price
$374,000
Sold Price
$375,000
Premium/Discount to List
$1,000
0.27%
Current Estimated Value
$503,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,912
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
Mar 13, 2000
Sold by
American National Bk&Tr Co Of Chicago
Bought by
Parkway Bank & Trust Company and Trust #12524
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
Rice Philip M $375,000 None Available
Parkway Bank & Trust Company -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $375,000 +0.3% --
08/18/2020 08/18/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $374,000 -- --
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
2024 $9,961 $122,199 $30,074 $92,125
2023 $9,409 $109,951 $27,060 $82,891
2022 $8,407 $95,421 $27,060 $68,361
2021 $8,141 $90,096 $25,550 $64,546
2020 $7,457 $88,071 $24,976 $63,095
2019 $7,214 $83,607 $23,710 $59,897
2018 $7,947 $89,324 $23,241 $66,083
2017 $7,566 $83,559 $21,741 $61,818
2016 $7,094 $74,906 $21,051 $53,855
2015 -- $63,525 $19,725 $43,800
2014 -- $61,770 $19,180 $42,590
2013 -- $63,661 $19,767 $43,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10802528

Midwest Real Estate Data (MRED)

APN: 03-27-255-002

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