NOT LISTED FOR SALE

501 E Manchester Dr Wheeling, IL 60090

9 Beds
6 Baths
5,544 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: April 12, 2024

Last sale price $791,000 $143 Per Sq Ft

6 Days on Market

About This Home

As of April 2024

Well maintained 6 flat (3 x 2 bed and 3 x 1 bed) brick building on quiet residential street, that backs up to newer luxury townhouse/condo development. Units have updated kitchens and bathrooms; all units have a balcony/patio. Spacious parking lot with 12 spaces, on-site laundry with owned machines for additional income. Outdoor storage shed. No association fees! Close to Milwaukee Ave shopping, transportation and major highways. **rents are currently below market value.

Last Agent to Sell the Property

Susan Romano

Real Estate Solutions Investment Group, Inc. License #471015124 Listed on: 03/05/2024

Co-Listed By

Susan Skrobowski

Real Estate Solutions Investment Group, Inc. License #475207926

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,774

Year Built

  • Built in 1973

Lot Details

  • 12,998 Sq Ft Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,544 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $627
  • Fuel Expense $4,998
  • Insurance Expense $2,840
  • Maintenance Expense $1,141
  • Trash Expense $1,089
  • Water Sewer Expense $2,834
  • Operating Expense $37,109
  • Gross Income $75,800
  • Net Operating Income $38,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,774

Year Built

Built in 1973

Lot Details

0.3 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: None
  • Fireplaces: 1
  • Refrigerators: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 1089
  • Water Sewer Expenses: 2834

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 12,998
  • Lot Size Sq Ft: 12998
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5544

Multi Family

  • Net Operating Income: 38690
  • Fuel Expense: 4998
  • Insurance Expense: 2840
  • ElectricExpense: 627
  • GrossIncome: 75800
  • Maintenance Expense: 1141
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37109
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 20774
  • Tax Year: 2022
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
04/12/2024 04/12/24 Sold $791,000 +6.2% $143 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $745,000 -- $134 / Sq Ft
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 $21,784 $76,000 $11,698 $64,302
2024 $21,784 $65,000 $9,424 $55,576
2023 $20,775 $65,000 $9,424 $55,576
2022 $20,775 $65,000 $9,424 $55,576
2021 $16,511 $44,563 $7,473 $37,090
2020 $16,081 $44,563 $7,473 $37,090
2019 $16,979 $51,818 $7,473 $44,345
2018 $16,632 $45,576 $6,499 $39,077
2017 $16,294 $45,576 $6,499 $39,077
2016 $15,206 $45,576 $6,499 $39,077
2015 $14,545 $40,819 $5,524 $35,295
2014 $14,188 $40,819 $5,524 $35,295
2013 -- $40,819 $5,524 $35,295
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11996071

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.