NOT LISTED FOR SALE
2 Beds
1 Bath
500 Sq Ft
1971 Built

Last Sold January 15, 2025

Last sale price $1,200,000 $2,400 Per Sq Ft

138 Days on Market

About This Home

As of January 2025

Welcome to a prime investment opportunity! This newer brick 12-unit apartment building boasts a smart mix of 10 spacious 2-bedroom units and 2 cozy 1-bedroom units, ensuring a steady cash flow. Situated in a desirable location, tenants enjoy modern living with balconies. Recent upgrades including a newer boiler and carpet ensure low maintenance costs. Whether you're a seasoned investor or a newcomer to real estate, this property promises excellent returns and long-term value. Act fast - opportunities like this don't last long!

Last Agent to Sell the Property

Maria Castillo

RE/MAX Mi Casa License #475122116 Listed on: 05/15/2024

RE/MAX Mi Casa

Last Buyer's Agent

Yolanda Granat

Chicagoland Brokers, Inc License #475124880

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,054

Year Built

  • Built in 1971

Lot Details

  • Lot Dimensions are 51x128
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $769
  • Fuel Expense $7,829
  • Insurance Expense $3,723
  • Trash Expense $1,891
  • Water Sewer Expense $4,207
  • Operating Expense $40,637
  • Gross Income $137,406
  • Net Operating Income $96,548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,054

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1971
  • 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

  • Possible Use: Condominium, Multi-Family
  • Fireplaces: 2
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1891
  • Water Sewer Expenses: 4207

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 51X128
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Other
  • Board Number: 8

Multi Family

  • Net Operating Income: 96548
  • Fuel Expense: 7829
  • Insurance Expense: 3723
  • ElectricExpense: 769
  • GrossIncome: 137406
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 40637
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 23054
  • 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
01/15/2025 01/15/25 Sold $1,200,000 -7.3% $2,400 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $1,295,000 0.0% $2,590 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $1,295,000 -0.4% $2,590 / Sq Ft
05/15/2024 05/15/24 For Sale $1,300,000 +83.1% $2,600 / Sq Ft
08/29/2014 08/29/14 Sold $710,000 -9.0% -- View Prior Sale
07/09/2014 07/09/14 Pending -- -- --
04/11/2014 04/11/14 For Sale $779,900 -- --
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
2025 $7,619 $29,574 $3,906 $25,668
2024 $7,619 $29,574 $3,906 $25,668
2023 $7,409 $31,081 $4,453 $26,628
2022 $7,409 $31,081 $4,453 $26,628
2021 $7,234 $31,080 $4,453 $26,627
2020 $5,767 $22,187 $4,453 $17,734
2019 $5,210 $22,187 $4,453 $17,734
2018 $5,154 $22,187 $4,453 $17,734
2017 $5,363 $21,089 $4,062 $17,027
2016 $5,023 $21,089 $4,062 $17,027
2015 $4,661 $21,089 $4,062 $17,027
2014 $3,482 $15,530 $4,062 $11,468
2013 $3,419 $15,530 $4,062 $11,468
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12057261

Midwest Real Estate Data (MRED)
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