NOT LISTED FOR SALE

501 Pasadena Ave Crest Hill, IL 60403

Estimated Value: $382,000 - $587,570

8 Beds
4 Baths
-- Sq Ft
13,068 Sq Ft Lot

Last Sold August 30, 2023

Last sale price $559,226

Est. 19% decrease in value since last sale

Current estimated payment $3,073/month

23 Days on Market

About This Home

As of August 2023

Beautiful brick 4-unit building in the sprawling suburban town of Crest Hill. The building consists of (4) oversized 2-bed units, however only 3 are currently occupied, allowing an investor to come in and immediately raise the gross income of the property. The building itself is built on a large corner lot on a quiet residential block, only 400ft from the local school. The units have been well maintained by the current owner and there is ample parking in the back with at least 9 available spaces.

Last Agent to Sell the Property

Robert Rixer

Citypoint Illinois LLC License #471021887 Listed on: 06/13/2023

Last Buyer's Agent

Christopher Arteaga

Realty of America, LLC License #475201814

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,623

Year Built

  • Built in 1967

Lot Details

  • 0.3

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Lockport Township High School

Additional Features

  • 2-Story Property
  • Baseboard Heating

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,623

Year Built

Built in 1967

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 8
  • Number of Cars: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Public

Schools

  • High School: Lockport Township High School

Lot Info

  • Lot Dimensions: LESS THAN .25 ACRES
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7623
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Casas Maria D
Bought by
Mi Palacio Management Llc-501
Current Estimated Value
$452,643

Purchase Details

Listed on
Jun 13, 2023
Closed on
Aug 10, 2023
Sold by
501 Pasadena Ave Llc
Bought by
Casas Maria D
Seller's Agent
Robert Rixer
Citypoint Illinois LLC
Buyer's Agent
Christopher Arteaga
Realty of America, LLC
List Price
$650,000
Sold Price
$559,226
Premium/Discount to List
-$90,774
-13.97%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.90%
Original Mortgage
$419,419
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2023
Sold by
Ignacio Chavez Revocable Trust and Argelia Chavez Revocable Trust
Bought by
501 Pasadena Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 27, 2017
Sold by
Chavez Ignacio
Bought by
Chavez Ignacio and Ignacio Chavez Revocable Trust

Purchase Details

Closed on
Jul 28, 2014
Sold by
Hoffman Apartments Llc
Bought by
Chavez Ignacio

Purchase Details

Closed on
Sep 16, 2003
Sold by
Chavez Ignacio and Chavez Argelia
Bought by
Hoffman Apartments Llc

Purchase Details

Closed on
Jun 27, 1996
Sold by
Blazekovich Paul M and Blazekovich Gloria C
Bought by
Chavez Ignacio P and Chavez Argelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.09%
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
Mi Palacio Management Llc-501 -- None Listed On Document
Casas Maria D $559,226 Midwest Title And Closing Serv
501 Pasadena Ave Llc $360,000 Fidelity National Title
Chavez Ignacio -- Attorney
Chavez Ignacio -- None Available
Hoffman Apartments Llc -- --
Chavez Ignacio P $190,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Casas Maria D $419,419
Previous Owner 501 Pasadena Ave Llc $270,000
Previous Owner Chavez Ignacio P $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $559,226 0.0% --
07/20/2023 07/20/23 Off Market $559,226 -- --
07/07/2023 07/07/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $650,000 -- --
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 $8,298 $105,530 $29,113 $76,417
2023 $8,298 $94,739 $26,136 $68,603
2022 $7,933 $87,116 $24,033 $63,083
2021 $7,513 $87,116 $24,033 $63,083
2020 $7,623 $87,116 $24,033 $63,083
2019 $7,652 $87,116 $24,033 $63,083
2018 $7,452 $82,645 $22,800 $59,845
2017 $7,656 $82,645 $22,800 $59,845
2016 $7,638 $82,645 $22,800 $59,845
2015 $7,565 $82,645 $22,800 $59,845
2014 $7,565 $76,523 $21,111 $55,412
2013 $7,565 $76,523 $21,111 $55,412
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Robert Rixer

    Citypoint Illinois LLC

    (312) 983-0519

    3 in this area

    15 Total Sales

    Robert Rixer
    Section Image

  • C

    Buyer's Agent in 2023

    Christopher Arteaga

    Realty of America, LLC

    (331) 300-4644

    1 in this area

    11 Total Sales

    Christopher Arteaga
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11806944

Midwest Real Estate Data (MRED)

APN: 11-04-33-104-030

Illinois Will County Crest Hill 60403

501 Pasadena Ave, Crest Hill, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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