NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: January 12, 2022

Last sale price $545,000

79 Days on Market

Highlights

  • Fenced Yard
  • Space Heater
  • 4-minute walk to Ronan Park
  • 2 Car Detached Garage

About This Home

As of January 2022

Act Fast! Excellent Brick Investment Property with solid returns and great bones. Owner Occupy or Just Collect Dependable Returns from long-term tenants. Recently Updated and Fully Occupied w/ three dwelling units, separately metered boiler heat, shared coin op laundry, spacious rear yard and garage for extra income. Don't miss this gem! Owner and Agent do not warrant legality of 3rd Unit.

Last Agent to Sell the Property

Erik Carrier

Lincoln Luxury Homes License #471020142 Listed on: 09/12/2021

Last Buyer's Agent

Christopher Engelmann

Keller Williams ONEChicago License #475177445

Keller Williams ONEChicago
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,337

Year Built

  • Built in 1912 | Remodeled in 2016

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Space Heater
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,224
  • Maintenance Expense $1,200
  • Professional Management Expense $1,440
  • Water Sewer Expense $2,497
  • Gross Income $48,000
  • Net Operating Income $34,302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,337

Year Built

Built in 1912 | Remodeled in 2016

Lot Details

3,485 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 1440
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • Foundation Details: Block, Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s), Space Heater, Indv Controls
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 2497

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 3750 SQ FT
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 34302
  • Insurance Expense: 2224
  • GrossIncome: 48000
  • Maintenance Expense: 1200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,3 Flat

Tax Info

  • Tax Annual Amount: 6336.52
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

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
Sep 12, 2021
Closed on
Jan 10, 2022
Sold by
Bought by
Seller's Agent
Erik Carrier
Lincoln Luxury Homes
Buyer's Agent
Christopher Engelmann
Keller Williams ONEChicago
List Price
$547,000
Sold Price
$545,000
Premium/Discount to List
-$2,000
-0.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Outstanding Balance
$374,029
Interest Rate
3.88%

Purchase Details

Closed on
Mar 15, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 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
$196,650
Interest Rate
7.72%
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 Albany Park, IL

See All Agents

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
-- --
-- Attorney
$207,000 Ticor Title Insurance
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 $408,750
Previous Owner $196,650
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
01/12/2022 01/12/22 Sold $545,000 0.0% --
12/31/2021 12/31/21 Off Market $545,000 -- --
12/01/2021 12/01/21 Pending -- -- --
09/12/2021 09/12/21 For Sale $547,000 -- --
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 $8,258 $46,000 $13,125 $32,875
2024 $8,258 $46,000 $13,125 $32,875
2023 $7,344 $39,000 $10,500 $28,500
2022 $7,344 $39,000 $10,500 $28,500
2021 $7,196 $39,000 $10,500 $28,500
2020 $6,087 $30,330 $5,437 $24,893
2019 $6,337 $34,863 $5,437 $29,426
2018 $6,228 $34,863 $5,437 $29,426
2017 $5,746 $29,978 $4,875 $25,103
2016 $5,523 $29,978 $4,875 $25,103
2015 $5,030 $29,978 $4,875 $25,103
2014 $4,808 $28,385 $4,500 $23,885
2013 $4,701 $28,385 $4,500 $23,885
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11216786

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.