NOT LISTED FOR SALE

461 N Addison Rd Addison, IL 60101

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

Sale Details

Date 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
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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

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
Oct 23, 2024
Closed on
Dec 9, 2024
Sold by
Bought by
Seller's Agent
Bryan Kasprisin
RE/MAX Professionals Select
Buyer's Agent
Luigi Picicco
HomeSmart Connect LLC
List Price
$750,000
Sold Price
$750,000
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$491,915
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 18, 2020
Sold by
Bought by
Seller's Agent
Leda Quiaro
Keller Williams Infinity
Buyer's Agent
Bryan Kasprisin
RE/MAX Professionals Select
List Price
$539,000
Sold Price
$529,900
Premium/Discount to List
-$9,100
-1.69%

Purchase Details

Closed on
Jan 21, 2005
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2003
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
$459,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 1999
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
$207,100
Interest Rate
7.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Addison, IL

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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
$750,000 Fidelity National Title
-- --
$530,000 First American Title
-- --
$540,000 First American Title
$259,000 --
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 $500,000
Previous Owner $469,000
Previous Owner $459,000
Previous Owner $210,000
Previous Owner $207,100
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 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

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
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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