NOT LISTED FOR SALE

4605 Grove Ave Brookfield, IL 60513

11 Beds
6 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $662,500

8 Days on Market

About This Home

As of January 2022

Very rare investment opportunity in Brookfield!Part of exquisite property portfolio now listed in Brookfield (4508 Grove Ave,4509 Grove Ave,4605 Grove ave and 4509 Grove Ave)!!!Rents are way below market($850,$950,$1050,$1100,$1100 and $1200!Long term tenants!!!Building is fully occupied!This building has a garage in the back that can generate additional income if rented to tenants or can be used as an extra storage!Sold AS-IS!

Last Agent to Sell the Property

Milena Cobic

Kale Realty License #475189357 Listed on: 10/12/2021

Kale Realty

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,773

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 75x155

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $214
  • Fuel Expense $2,359
  • Insurance Expense $2,108
  • Maintenance Expense $5,605
  • Other Expense $1,110
  • Trash Expense $1,149
  • Water Sewer Expense $3,643
  • Operating Expense $34,280
  • Gross Income $75,000
  • Net Operating Income $40,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,773

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1149
  • Water Sewer Expenses: 3643

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 75X155
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 40720
  • Fuel Expense: 2359
  • Insurance Expense: 2108
  • ElectricExpense: 214
  • GrossIncome: 75000
  • Maintenance Expense: 5605
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34280
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16773
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft Prior Sale
01/28/2022 01/28/22 Sold $662,500 -11.7% --
10/21/2021 10/21/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $750,000 +64.5% --
09/19/2016 09/19/16 Sold $456,000 +1.6% -- View Prior Sale
08/29/2016 08/29/16 Pending -- -- --
08/07/2016 08/07/16 For Sale $449,000 -- --
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
2025 $18,810 $61,399 $6,750 $54,649
2024 $18,810 $61,399 $6,750 $54,649
2023 $17,391 $61,399 $6,750 $54,649
2022 $17,391 $48,313 $5,819 $42,494
2021 $16,629 $48,312 $5,818 $42,494
2020 $16,774 $48,312 $5,818 $42,494
2019 $18,051 $49,048 $5,353 $43,695
2018 $17,348 $49,048 $5,353 $43,695
2017 $16,501 $49,048 $5,353 $43,695
2016 $13,185 $36,407 $4,655 $31,752
2015 $14,102 $40,411 $4,655 $35,756
2014 $13,583 $40,411 $4,655 $35,756
2013 $10,582 $32,987 $4,655 $28,332
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11244250

Midwest Real Estate Data (MRED)