NOT LISTED FOR SALE

Estimated Value: $376,000 - $491,000

4 Beds
4 Baths
-- Sq Ft
0.26 Acres

Last Sold November 12, 2021

Last sale price $402,000

Est. 11% increase in value since last sale

Current estimated payment $3,365/month

30 Days on Market

Highlights

  • Deck
  • Balcony
  • Forced Air Heating System
  • Corner Lot
  • Porch
  • 5-minute walk to Coach Wilbert Walters Park

About This Home

As of November 2021

Welcome to this amazing 4 flat investment opportunity with amazing cash flow you won't be able to find in this market. All four units have recently been fully UPDATED with New floors, appliances, kitchen cabinets and more. All 4 units are identical in size and layout. There is a front and back porch for all 4 units. Currently three units are rented with amazing long term tenants. Easy parking for all tenants which makes it very easy to rent. Seller purposely left one unit empty to allow FHA buyers to qualify. Schedule your showing today!

Last Agent to Sell the Property

Aram Ghazaryan

eXp Realty, LLC License #475174623 Listed on: 07/27/2021

eXp Realty, LLC

Last Buyer's Agent

Pedro Porcayo

Porcayo & Associates Realty License #471007657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,194

Year Built

  • Built in 1922

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 88x132
  • Corner Lot

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 15 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,194

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Porch
  • List Price: 435000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 15
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 129

Lot Info

  • Lot Size Acres: 0.26
  • Lot Dimensions: 88X132
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 8194.38
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Oct 11, 2021
Sold by
City Of Hoffman
Bought by
Farfan Valeria
Seller's Agent
Aram Ghazaryan
eXp Realty, LLC
Buyer's Agent
Pedro Porcayo
Porcayo & Associates Realty
List Price
$435,000
Sold Price
$402,000
Premium/Discount to List
-$33,000
-7.59%
Total Days on Market
30
Current Estimated Value
$447,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,443
Avg. Annual Appreciation
3.05%
Original Mortgage
$384,411
Outstanding Balance
$355,192
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$92,251

Purchase Details

Closed on
Aug 21, 2020
Sold by
Skowron Mark T and Mark T Skowron Trust
Bought by
Patel Shivam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,022
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2020
Sold by
Mcgowan Timothy J
Bought by
Skowron Mark T and Mark T Skowron Trust

Purchase Details

Closed on
Dec 13, 2018
Sold by
Aguirre Hmario and Aguirre Kristen
Bought by
Mcgowman Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,425
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2003
Sold by
Nelson Gladys F
Bought by
Aguirre Mario and Aguirre Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,640
Interest Rate
6.33%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 20, 1999
Sold by
Nelson Lloyd E and Nelson Gladys F
Bought by
Nelson Lloyd E and Nelson Family Trust
Source: Public Records

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Range of Values:

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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
Farfan Valeria $428,000 Attorney
Patel Shivam $330,000 Chicago Title
Skowron Mark T $217,000 Attorney
Mcgowman Timothy J $290,000 First American Title
Aguirre Mario $231,000 First American Title
Nelson Lloyd E -- Law Title Insurance Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farfan Valeria $27,700
Open Farfan Valeria $384,411
Previous Owner Patel Shivam $324,022
Previous Owner Mcgowman Timothy J $217,425
Previous Owner Aguirre Mario $160,003
Previous Owner Aguirre Mario $184,000
Previous Owner Aguirre Mario $184,640
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $402,000 -7.6% --
08/27/2021 08/27/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $435,000 -- --
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
2023 $10,231 $119,443 $13,299 $106,144
2022 $9,258 $104,589 $12,134 $92,455
2021 $8,896 $97,374 $11,297 $86,077
2020 $8,467 $90,446 $10,493 $79,953
2019 $8,194 $83,801 $9,722 $74,079
2018 $7,370 $73,826 $8,993 $64,833
2017 $6,970 $67,728 $8,286 $59,442
2016 $6,684 $62,270 $7,103 $55,167
2015 -- $55,815 $6,108 $49,707
2014 -- $51,581 $5,613 $45,968
2013 -- $54,302 $5,364 $48,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11169950

Midwest Real Estate Data (MRED)

APN: 15-21-204-001