NOT LISTED FOR SALE

505 E Manchester Dr Wheeling, IL 60090

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

Sale Details

Date Sold: January 1, 2020

Last sale price $650,000 $117 Per Sq Ft

25 Days on Market

About This Home

As of January 2020

Well maintained 6 flat (3 x 2 bed and 3 x 1bed) with 12 parking spots. Laundry room on site with owned machines. Building tuck-pointed in 2018, parking lot resurfaced in 2018, New commercial washer & dryer in 2017, new windows in 2010, new roof in 2000, 4 apartments renovated within the last 2 years. Income - Unit A $1050, Unit B $925, Unit C $1050, Unit D $950, Unit E $1149,Unit F $860

Last Agent to Sell the Property

Joyce Konnerth

Konnerth Realty Group License #471001514 Listed on: 11/04/2019

Last Buyer's Agent

Youshik Shim

iProperties License #475158717

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,293

Year Built

  • Built in 1973

Lot Details

  • 0.3

Home Design

  • Brick Exterior Construction

Interior Spaces

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

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Additional Features

  • 12,998 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $640
  • Fuel Expense $3,024
  • Insurance Expense $2,241
  • Maintenance Expense $1,000
  • Other Expense $2,850
  • Trash Expense $1,091
  • Water Sewer Expense $966
  • Operating Expense $27,000
  • Gross Income $71,808
  • Net Operating Income $46,130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,293

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: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1091
  • Water Sewer Expenses: 966

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 12998
  • Lot Size Sq Ft: 12998
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5544

Multi Family

  • Net Operating Income: 46130
  • Fuel Expense: 3024
  • Insurance Expense: 2241
  • ElectricExpense: 640
  • GrossIncome: 71808
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16293
  • Tax Year: 2018

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
Nov 4, 2019
Closed on
Jan 2, 2020
Sold by
Bought by
Seller's Agent
Joyce Konnerth
Konnerth Realty Group
Buyer's Agent
Youshik Shim
iProperties
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Purchase Details

Closed on
Aug 23, 2001
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
$450,000
Interest Rate
0.0487%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2000
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
$320,000
Interest Rate
0.085%
Mortgage Type
Commercial
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

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
$650,000 First American Title
-- --
$400,000 --
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
Previous Owner $450,000
Previous Owner $320,000
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
01/01/2020 01/01/20 Sold $650,000 -3.7% $117 / Sq Ft
11/29/2019 11/29/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $675,000 -- $122 / 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 $22,454 $76,000 $11,698 $64,302
2024 $22,454 $67,000 $9,424 $57,576
2023 $21,414 $67,000 $9,424 $57,576
2022 $21,414 $67,000 $9,424 $57,576
2021 $16,284 $43,950 $7,473 $36,477
2020 $15,860 $43,950 $7,473 $36,477
2019 $16,746 $51,105 $7,473 $43,632
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 $13,099 $40,819 $5,524 $35,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10565487

Midwest Real Estate Data (MRED)
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