Erica Cuneen
Beyond Properties Realty Group
(630) 757-8294
312 Total Sales
2 in Brookfield
$240K - $328K Price Range
4608 Grove Ave Brookfield, IL 60513
Brookfield Area
14
Beds
8
Baths
7,744
Sq Ft
1973
Built
Highlights
- Laundry Room
- Storage Room
- Baseboard Heating
- Lyons Township High School Rated A+
- Central Heating and Cooling System
About This Home
As of December 2021Excellent 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,404
Year Built
- Built in 1973
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
Lot Details
- Lot Dimensions are 90x133.4
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 14, 2021
Closed on
Dec 10, 2021
Sold by
Bought by
Seller's Agent
Shannon Kutchek
Compass
Buyer's Agent
Scott Hixson
EXIT Strategy Realty
List Price
$874,900
Sold Price
$825,000
Premium/Discount to List
-$49,900
-5.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$842,000
Outstanding Balance
$758,326
Interest Rate
2.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 27, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,387
Interest Rate
5.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 27, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2001
Sold by
Bought by
Purchase Details
Closed on
Oct 7, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Brookfield, IL
-
Erica Cuneen
-
Laura Catrambone-Gerace
Laura Catrambone-Gerace
Coldwell Banker Stratford Place
(224) 507-7159
172 Total Sales
2 in Brookfield
$335K - $357K Price Range
-
Krystyna Soprych
Krystyna Soprych
RE/MAX 10 in the Park
(708) 859-7157
208 Total Sales
1 in Brookfield
$265,000 Price
-
Andrew Gagliardo
Andrew Gagliardo
Compass
(708) 905-8112
101 Total Sales
1 in Brookfield
$502,000 Price
-
Matt Diehl
Matt Diehl
Compass
(773) 923-2228
105 Total Sales
2 in Brookfield
$395K - $460K Price Range
-
Joe Caputo
Joe Caputo
Responds QuicklyREMAX Legends
(224) 803-3856
77 Total Sales
1 in Brookfield
$485,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $815,000 | Chicago Title | ||
| -- | Cti | ||
| $690,000 | Atgf Inc | ||
| -- | -- | ||
| $412,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $842,000 | ||
| Closed | $518,387 | ||
| Closed | $552,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $22,671 | $74,000 | $8,678 | $65,322 |
| 2024 | $22,671 | $74,000 | $8,678 | $65,322 |
| 2023 | $21,439 | $74,000 | $8,678 | $65,322 |
| 2022 | $21,439 | $59,559 | $7,481 | $52,078 |
| 2021 | $20,500 | $59,559 | $7,481 | $52,078 |
| 2020 | $20,678 | $59,559 | $7,481 | $52,078 |
| 2019 | $18,404 | $50,008 | $6,882 | $43,126 |
| 2018 | $18,986 | $53,678 | $6,882 | $46,796 |
| 2017 | $18,058 | $53,678 | $6,882 | $46,796 |
| 2016 | $16,332 | $45,098 | $5,985 | $39,113 |
| 2015 | $15,737 | $45,098 | $5,985 | $39,113 |
| 2014 | $15,158 | $45,098 | $5,985 | $39,113 |
| 2013 | $14,571 | $45,424 | $5,985 | $39,439 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Kutchek
Seller's Agent in 2021
Shannon Kutchek
Compass
(708) 955-3683
134 Total Sales
-
Scott Hixson
Buyer's Agent in 2021
Scott Hixson
EXIT Strategy Realty
(708) 400-0539
11 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11157502
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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