Seller's Agent in 2024
Moin Haque
Coldwell Banker Realty
(630) 518-0806
216 Total Sales
5 Thomas Ct Richton Park, IL 60471
Richton Park Area
7
Beds
4
Baths
--
Sq Ft
8,712
Sq Ft Lot
About This Home
As of January 2024Welcome to this FULLY OCCUPIED, 4-Unit, brick investment opportunity in the heart of Richton Park, IL. This well-maintained brick building currently presents an impressive 7.6% cap rate, with the potential to soar to a lucrative 12% cap ratio by enforcing current market rents.The building consists of (3) Two bedroom and 1 bath units, and (1) One bedroom and 1 bath unit. Each unit includes individual HVAC system (Tenant responsibility). This unit has been meticulously maintained and updated throughout the years of current ownership. This building sits at the end of the cul de sac which offer privacy and parking for 8 cars. Located minutes away from the Metra station, shopping, restaurants and much more that create a strong rental demand for this building
Last Agent to Sell the Property
Coldwell Banker Realty License #471011151 Listed on: 09/26/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,649
Year Built
- Built in 1972
Lot Details
- 8,712 Sq Ft Lot
- Cul-De-Sac
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Unassigned Parking
Schools
- Fine Arts And Communications Cam High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
Overview
- 4 Units
Building Details
- Maintenance Expense $1,890
- Professional Management Expense $1,200
- Trash Expense $689
- Water Sewer Expense $2,786
- Net Operating Income $23,717
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 26, 2023
Closed on
Jan 5, 2024
Sold by
Bought by
Seller's Agent
Moin Haque
Coldwell Banker Realty
Buyer's Agent
George Sierra
RE/MAX LOYALTY
List Price
$309,995
Sold Price
$330,000
Premium/Discount to List
$20,005
6.45%
Views
154
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
0.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 15, 2020
Sold by
Bought by
Purchase Details
Closed on
Sep 14, 2011
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
$116,800
Interest Rate
0.0414%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $330,000 | None Listed On Document | ||
| $210,000 | Chicago Title Land Trust Co | ||
| -- | First American Title Ins Co | ||
| -- | First American Title Ins 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 | $268,500 | ||
| Closed | $247,500 | ||
| Previous Owner | $116,800 |
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 |
|---|---|---|---|---|
| 01/11/2024 01/11/24 | Sold | $330,000 | +6.5% | -- |
| 10/12/2023 10/12/23 | Pending | -- | -- | -- |
| 10/05/2023 10/05/23 | For Sale | $309,995 | 0.0% | -- |
| 10/05/2023 10/05/23 | Off Market | $309,995 | -- | -- |
| 09/26/2023 09/26/23 | For Sale | $309,995 | -- | -- |
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 | $11,083 | $26,000 | $11,457 | $14,543 |
| 2024 | $11,083 | $26,000 | $11,457 | $14,543 |
| 2023 | $12,727 | $26,000 | $11,457 | $14,543 |
| 2022 | $12,727 | $22,312 | $5,392 | $16,920 |
| 2021 | $12,649 | $22,310 | $5,391 | $16,919 |
| 2020 | $11,780 | $22,310 | $5,391 | $16,919 |
| 2019 | $12,820 | $24,339 | $4,942 | $19,397 |
| 2018 | $12,814 | $24,339 | $4,942 | $19,397 |
| 2017 | $12,390 | $24,339 | $4,942 | $19,397 |
| 2016 | $10,223 | $20,083 | $4,493 | $15,590 |
| 2015 | $10,099 | $20,083 | $4,493 | $15,590 |
| 2014 | $9,927 | $20,083 | $4,493 | $15,590 |
| 2013 | $8,781 | $19,527 | $4,493 | $15,034 |
Source: Public Records
Agents Affiliated with this Home
-
Moin Haque
-
Eabad Haque
Seller Co-Listing Agent in 2024
Eabad Haque
Coldwell Banker Realty
(630) 788-7512
141 Total Sales
-
George Sierra
Buyer's Agent in 2024
George Sierra
RE/MAX
(773) 747-0079
35 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11891897
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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