NOT LISTED FOR SALE

500 S 3rd St Peotone, IL 60468

23 Beds
15 Baths
-- Sq Ft
33,977 Sq Ft Lot

Last Sold May 24, 2018

Last sale price $868,600

12 Days on Market

About This Home

As of May 2018

A Fantastic Investment Opportunity!! Fully Rented 15 Unit All Brick Apartment Building in Great Condition | NEW Roof, Gutters, Fascia | Units Rent Easily & Many are Long Term | Tenants Pay Their Own Utilities (Electric, Heat & Air) | Coin Laundry is Owned for Additional Income | Ample Parking for 30 Cars | Private Storage Lockers | Huge Corner Lot | Potential for Higher Rents

Last Agent to Sell the Property

Linda Conforti

Jameson Sotheby's International Realty License #475159420 Listed on: 03/21/2018

Jameson Sotheby's International Realty

Last Buyer's Agent

Rebecca Vanderbok

@properties

@properties

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.78

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $3,200

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat
  • $8,600 Seller Concession

Property Details

Home Type

Multi-Family

Lot Details

0.78 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Community, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2015
  • Net Oper Income: 92481
  • Outdoor Parking: 19-30 Spaces
  • Scavenger Expense: 1200
  • Total Annual Exp: 29919
  • Total Annual Income: 122400
  • Total Monthly Income: 9800
  • Number of Ranges: 15
  • Number Of Refrigs: 15
  • Number Of Window A C: 15
  • Number Of Stories: 2
  • Estimated Year Built: 0000
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.78
  • Construction: Brick
  • Frontage Access: City Street, County Road

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Electric, Baseboard, Separate Per Unit
  • Water Expense: 6400

Condo/Co-op/Association

  • Units in Building: 15

Fee Information

  • Electricity Expense: 1560
  • Electrical Service: Circuit Breakers, Separate Meters

Lot Info

  • Lot Dimensions: 300X252X180X84
  • Land Amenities: Lighting/Exterior, Security Entrance
  • Parcel Identification Number: 1720244170030000

Rental Info

  • Gross Rental Income: 117600
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Insurance Expense: 3200
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 17859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2019
Sold by
Leader Matthew
Bought by
Leader Properties Llc

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 24, 2018
Sold by
Marquette Bank
Bought by
Leader Matthew
Seller's Agent
Linda Conforti
Jameson Sotheby's International Realty
Buyer's Agent
Rebecca Vanderbok
@properties
List Price
$929,000
Sold Price
$868,600
Premium/Discount to List
-$60,400
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$651,450
Outstanding Balance
$559,715
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 21, 2003
Sold by
Malovsky Musa and Malovsky Nazine
Bought by
Marquette Bank and Marquette National Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
Municipal Trust & Savings Bank
Bought by
Malovski Musa and Malovski Nazime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2001
Sold by
Cosmopolitan Bank & Trust
Bought by
Municipal Bank & Trust and Trust #1529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7.2%
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

Date Buyer Sale Price Title Company
Leader Properties Llc -- Attorney
Leader Matthew $868,600 Chicago Title
Marquette Bank -- Ticor Title Insurance Compan
Malovski Musa $745,000 Ticor Title
Municipal Bank & Trust $530,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leader Matthew $651,450
Previous Owner Malovski Musa $596,000
Previous Owner Municipal Bank & Trust $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $868,600 -6.5% --
04/02/2018 04/02/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $929,000 -- --
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
2024 $17,997 $293,877 $73,947 $219,930
2023 $17,997 $259,930 $40,000 $219,930
2022 $17,331 $259,930 $40,000 $219,930
2021 $18,028 $259,930 $40,000 $219,930
2020 $18,511 $259,930 $40,000 $219,930
2019 $19,334 $259,930 $40,000 $219,930
2018 $17,616 $221,595 $49,595 $172,000
2017 $17,735 $221,595 $49,595 $172,000
2016 $17,859 $221,595 $49,595 $172,000
2015 -- $221,595 $49,595 $172,000
2014 -- $224,173 $49,595 $174,578
2013 -- $266,172 $49,595 $216,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09890857

Midwest Real Estate Data (MRED)

APN: 17-20-24-417-003

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