NOT LISTED FOR SALE
8 Beds
8 Baths
-- Sq Ft
1926 Built

Sale Details

Date Sold: August 16, 2016

Last sale price $635,000 $0 Per Sq Ft

23 Days on Market

About This Home

As of August 2016

Excellent 8 unit building located in Hermosa. Professionally rehabbed inside and out with great attention to detail. New upgrades include on demand hot water system and upgraded electrical to the building. All utilities have been separated/individually metered, with units having newly installed electrical service (100 amps per unit) and gas furnaces. The building was recently tuck pointed, has new lintels, downspouts, security cameras, and half the roof was replaced. There is also a duplex down opportunity in parts of the basement as well as an on site coin operated laundry. The building has a baseboard heated basement, all new copper plumbing, and new rear metal porches. The units have tile bathrooms, granite counter tops, black appliance packages including microwaves, new cabinets, high quality blinds, tile kitchen floors, and tile back splashes. Great investment opportunity to own this solid building that produces strong cash flows.

Last Agent to Sell the Property

Chris Weber

33 Realty License #475165276 Listed on: 05/24/2016

Last Buyer's Agent

Matthew Fritzshall

Triton Realty Group LLC License #471016941

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Community Details

  • Fuel Expense $2,835
  • Insurance Expense $2,160

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1926

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: New Rehab
  • Net Operating Income Year: 2015
  • Net Oper Income: 61480
  • Repairs Decor Expense: 2000
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 1207
  • Total Annual Exp: 17473
  • Total Annual Income: 77855
  • Total Monthly Income: 6620
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 2
  • Estimated Year Built: 1926
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1926

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Utilities

  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Gas
  • Water Expense: 3485

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 1272
  • Electrical Service: Over 600 Amps
  • Janitor Expense: 2000

Lot Info

  • Lot Dimensions: 40 X 125
  • Parcel Identification Number: 13341020250000

Rental Info

  • Gross Rental Income: 77855
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 2835
  • Insurance Expense: 2160
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6409

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
May 24, 2016
Closed on
Aug 16, 2016
Sold by
Bought by
Seller's Agent
Chris Weber
33 Realty
Buyer's Agent
Matthew Fritzshall
Triton Realty Group LLC
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
0.0425%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 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
$233,750
Interest Rate
0.0325%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 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
$233,750
Interest Rate
0.0325%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 2006
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
$535,000
Interest Rate
0.0775%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 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
$100,000
Interest Rate
0.0603%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2000
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
$210,000
Interest Rate
0.0843%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$635,000 Chicago Title Insurance Comp
$275,000 First American Title
-- None Available
$695,000 Multiple
$560,000 Pntn
$245,000 --
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
Closed $508,000
Previous Owner $233,750
Previous Owner $535,000
Previous Owner $100,000
Previous Owner $210,000
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
08/16/2016 08/16/16 Sold $635,000 -2.3% --
06/16/2016 06/16/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $650,000 -- --
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 $10,566 $59,478 $19,425 $40,053
2024 $10,566 $59,478 $19,425 $40,053
2023 $10,814 $52,575 $9,450 $43,125
2022 $10,814 $52,575 $9,450 $43,125
2021 $10,572 $52,574 $9,450 $43,124
2020 $8,707 $39,086 $9,450 $29,636
2019 $7,853 $39,086 $9,450 $29,636
2018 $7,721 $39,086 $9,450 $29,636
2017 $7,436 $34,541 $8,268 $26,273
2016 $6,918 $34,541 $8,268 $26,273
2015 $6,330 $34,541 $8,268 $26,273
2014 $6,409 $34,541 $8,268 $26,273
2013 $6,282 $34,541 $8,268 $26,273
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09236898

Midwest Real Estate Data (MRED)
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