NOT LISTED FOR SALE

461 N Addison Rd Addison, IL 60101

8 Beds
6 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold December 18, 2024

Last sale price $750,000

6 Days on Market

About This Home

As of December 2024

Money making 6 unit in a great area. This building has four -1 bedroom units, a 2 bedroom and an oversized 2 (that could have a 3rd bdr) bedroom that has 2 baths. There is a full basement as well. This building is well taken care of. Tenants pay their own electric, so expenses are lower. Make this a must add to your portfolio building.

Last Agent to Sell the Property

Bryan Kasprisin

RE/MAX Professionals Select License #471004157 Listed on: 10/23/2024

RE/MAX Professionals Select

Last Buyer's Agent

Luigi Picicco

HomeSmart Connect LLC License #475141989

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,326

Year Built

  • Built in 1962

Lot Details

  • 9,583

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • 2-Story Property
  • Lot Dimensions are 76x126

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $400
  • Insurance Expense $3,720
  • Water Sewer Expense $5,400
  • Operating Expense $22,586
  • Gross Income $71,400
  • Net Operating Income $48,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,326

Year Built

Built in 1962

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1962
  • 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: 8
  • Possible Use: Multi-Family
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 5400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 76X126
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17

Multi Family

  • Net Operating Income: 48554
  • Insurance Expense: 3720
  • ElectricExpense: 400
  • GrossIncome: 71400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22586
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 13326
  • Tax Year: 2023
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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
12/18/2024 12/18/24 Sold $750,000 0.0% --
10/29/2024 10/29/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $750,000 +41.5% --
11/19/2020 11/19/20 Sold $529,900 -1.7% -- View Prior Sale
10/05/2020 10/05/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $539,000 -- --
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
2024 $13,879 $196,925 $78,768 $118,157
2023 $13,326 $181,030 $72,410 $108,620
2022 $12,698 $172,410 $68,960 $103,450
2021 $12,197 $165,140 $66,050 $99,090
2020 $11,897 $158,180 $63,270 $94,910
2019 $11,844 $152,100 $60,840 $91,260
2018 $11,860 $152,100 $60,840 $91,260
2017 $11,568 $145,370 $58,150 $87,220
2016 $11,285 $134,220 $53,690 $80,530
2015 $11,030 $123,990 $49,600 $74,390
2014 $13,280 $147,150 $29,430 $117,720
2013 $12,999 $150,150 $30,030 $120,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12195790

Midwest Real Estate Data (MRED)
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