NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1976 Built

Sale Details

Date Sold: December 22, 2022

Last sale price $720,000

1 Day on Market

About This Home

As of December 2022

Excellent investment opportunity in Brookfield. Subject property consists of 5- 2bdrm units and 1-1bdrm unit. The building is well maintained and boasts a near zero vacancy rate in the last 10 years. Current tenants are long term and stable. Brand New Roof and Newer mechanicals. The property has 16 Parking Spaces, Coin laundry for extra income, Storage with each unit. Located within Lyons Township High School District. Near expressways and transportation. Rare opportunity to own a solid building in coveted Brookfield location.

Last Agent to Sell the Property

David Kumskis

One Eighty Real Estate Group License #471012724 Listed on: 10/18/2022

Last Buyer's Agent

Rafal Szypcio

Coldwell Banker Real Estate Group License #475192968

Coldwell Banker Real Estate Group
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,025

Year Built

  • Built in 1976

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 60 x 200

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $389
  • Fuel Expense $3,113
  • Insurance Expense $2,612
  • Trash Expense $2,043
  • Water Sewer Expense $2,809
  • Operating Expense $27,193
  • Gross Income $82,440
  • Net Operating Income $55,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,025

Year Built

Built in 1976

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: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Public Road
  • Roof: Composition
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 2043
  • Water Sewer Expenses: 2809

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 200
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 55247
  • Fuel Expense: 3113
  • Insurance Expense: 2612
  • ElectricExpense: 389
  • GrossIncome: 82440
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27193
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15025
  • Tax Year: 2020

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 18, 2022
Closed on
Dec 22, 2022
Sold by
Bought by
Seller's Agent
David Kumskis
One Eighty Real Estate Group
Buyer's Agent
Rafal Szypcio
Coldwell Banker Real Estate Group
List Price
$689,000
Sold Price
$720,000
Premium/Discount to List
$31,000
4.5%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$414,885
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 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
$270,000
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$720,000 Chicago Title
$385,000 First American Title Ins Co
$354,000 Chicago Title Insurance Co
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 $440,000
Previous Owner $270,000
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
12/22/2022 12/22/22 Sold $720,000 +4.5% --
10/20/2022 10/20/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $689,000 -- --
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
2025 $18,854 $66,001 $9,962 $56,039
2024 $18,854 $66,001 $9,962 $56,039
2023 $15,926 $66,001 $9,962 $56,039
2022 $15,926 $46,982 $8,588 $38,394
2021 $15,371 $46,980 $8,587 $38,393
2020 $15,025 $46,980 $8,587 $38,393
2019 $12,349 $38,162 $7,900 $30,262
2018 $11,845 $38,162 $7,900 $30,262
2017 $11,314 $38,162 $7,900 $30,262
2016 $10,653 $32,879 $6,870 $26,009
2015 $9,804 $32,879 $6,870 $26,009
2014 $9,653 $32,879 $6,870 $26,009
2013 $11,276 $39,831 $6,870 $32,961
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11655012

Midwest Real Estate Data (MRED)
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