NOT LISTED FOR SALE

4608 Grove Ave Brookfield, IL 60513

14 Beds
8 Baths
7,744 Sq Ft
1973 Built

Last Sold December 10, 2021

Last sale price $825,000 $107 Per Sq Ft

45 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Baseboard Heating
  • Lyons Township High School Rated A+
  • Central Heating and Cooling System

About This Home

As of December 2021

Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.

Last Agent to Sell the Property

Shannon Kutchek

Compass License #475127216 Listed on: 07/14/2021

Compass

Last Buyer's Agent

Scott Hixson

EXIT Strategy Realty License #475146755

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,404

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 90x133.4

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,744 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $634
  • Fuel Expense $3,733
  • Insurance Expense $2,717
  • Other Expense $1,351
  • Trash Expense $2,250
  • Water Sewer Expense $5,620
  • Operating Expense $34,584
  • Gross Income $85,140
  • Net Operating Income $51,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,404

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: List Broker Must Accompany,Show-Call Owner
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 14
  • Basement Description: None
  • Misc Inside: Inside Corridor/s,Storage Inside,Laundry Room
  • Fireplaces: 2
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • List Price: 874900
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air, Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 2250
  • Water Sewer Expenses: 5620
  • Janitor Expense: 0
  • Operating Expense Includes: Fuel,Gardener,Insurance,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90X133.4
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 7744

Multi Family

  • Net Operating Income: 51995
  • Fuel Expense: 3733
  • Insurance Expense: 2717
  • ElectricExpense: 634
  • GrossIncome: 85140
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34584
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 18404
  • Tax Year: 2019

Range of Values:

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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
12/10/2021 12/10/21 Sold $825,000 -5.7% $107 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $874,900 -- $113 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11157502

Midwest Real Estate Data (MRED)