Seller's Agent in 2016
Nutan Bansal
Coldwell Banker Realty
(630) 863-2320
17 Total Sales
455 Green Oaks Ct E Addison, IL 60101
Estimated Value: $1,396,753
42
Beds
24
Baths
--
Sq Ft
1.16
Acres
About This Home
As of August 2016Highly sought after 24 unit multifamily investment property for sale in Addison, IL with a generous 7% Cap Rate. Excellent condition with many recent improvements including - new roof 2011 with transferable warranty, newer windows, new hot water heater 2015, hardwood floors in 15 units & ceramic tile in 7 units. Solid brick construction with full basement and on-site laundry facility. 44 deeded private off-street parking spaces. Stabilized property with long history of minimal vacancy. Property is not in flood zone and there are no Association Fees. Attractive building with a great curb appeal, ideally located in West Suburban Addison minutes from 290 & 355 across the street from a park, play ground, school bus pick at the door and close to shopping. Take advantage of this hard to find multifamily investment opportunity providing solid returns. Fannie Mae approved property, and current financing is assumable for qualified buyers. Showings on hold temporarily!
Last Agent to Sell the Property
Coldwell Banker Realty License #475121519 Listed on: 01/15/2016
Co-Listed By
Randolph Taylor
eXp Commercial, LLC License #475142701
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $60,067
Year Built
- 1971
Lot Details
- 1.16
Home Design
- Brick Exterior Construction
- Slab Foundation
Utilities
- Cooling System Mounted In Outer Wall Opening
Community Details
- Fuel Expense $9,039
- Insurance Expense $10,070
Listing and Financial Details
- Tenant pays for electric
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2016
Closed on
Aug 9, 2016
Sold by
Shakti Property Management Llc
Bought by
455 Green Oaks Court Llc
Seller's Agent
Nutan Bansal
Coldwell Banker Realty
Buyer's Agent
Marius Bolchis
Marius O. Bolchis
List Price
$2,440,000
Sold Price
$2,210,000
Premium/Discount to List
-$230,000
-9.43%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$813,247
Avg. Annual Appreciation
-4.89%
Purchase Details
Closed on
Feb 16, 2012
Sold by
Shakti Management Llc
Bought by
Shakti Property Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,503,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 11, 2005
Sold by
Bader Steven E
Bought by
Shakti Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,584,000
Interest Rate
4.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 20, 2000
Sold by
Oxford Bank & Trust
Bought by
Bader Steven E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$994,800
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 455 Green Oaks Court Llc | $815,500 | Near North National Title | |
| Shakti Property Management Llc | -- | First American Title Ins Co | |
| Shakti Management Llc | $1,980,000 | First American Title Ins Co | |
| Bader Steven E | $1,350,000 | First American Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shakti Property Management Llc | $1,503,000 | |
| Previous Owner | Shakti Management Llc | $1,584,000 | |
| Previous Owner | Bader Steven E | $994,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2016 08/09/16 | Sold | $2,210,000 | -9.4% | -- |
| 04/21/2016 04/21/16 | Pending | -- | -- | -- |
| 01/15/2016 01/15/16 | For Sale | $2,440,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $60,067 | $852,248 | $340,906 | $511,342 |
| 2023 | $57,674 | $783,460 | $313,390 | $470,070 |
| 2022 | $54,954 | $746,160 | $298,470 | $447,690 |
| 2021 | $52,787 | $714,710 | $285,890 | $428,820 |
| 2020 | $51,488 | $684,590 | $273,840 | $410,750 |
| 2019 | $51,258 | $658,260 | $263,310 | $394,950 |
| 2018 | $49,389 | $608,400 | $212,930 | $395,470 |
| 2017 | $48,265 | $581,480 | $203,510 | $377,970 |
| 2016 | $47,250 | $536,870 | $187,900 | $348,970 |
| 2015 | $43,650 | $466,940 | $173,580 | $293,360 |
| 2014 | $30,308 | $322,130 | $90,740 | $231,390 |
| 2013 | $29,141 | $323,150 | $92,590 | $230,560 |
Source: Public Records
Agents Affiliated with this Home
-
Nutan Bansal
-
R
Seller Co-Listing Agent in 2016
Randolph Taylor
eXp Commercial, LLC
-
Marius Bolchis
M
Buyer's Agent in 2016
Marius Bolchis
Marius O. Bolchis
(773) 679-8384
8 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD09117209
APN: 03-20-416-007
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