$1,495,000
SOLD SEP 5, 2025
-- Bed
-- Bath
-- Sq Ft
1960 Built

Recently Sold

7% Below List Price

7 Days on Market

About This Home

As of September 2025

This two-story 8-unit building offers a solid investment opportunity in an unbeatable location. Constructed in 1960, the property features durable concrete precast floors, a pitched roof, and encompasses approximately 6,100 square feet on an 8,700 square foot lot. It includes 12 parking spaces and convenient alley access. Three of the units have been completely renovated, with additional updates made throughout the property over the past year. The building includes onsite amenities such as a coin-operated washer and dryer in the basement, along with eight dedicated storage areas.

Last Agent to Sell the Property

Samantha Swaney

GC Realty and Development License #475194155 Listed on: 07/08/2025

Last Buyer's Agent

Praseen Nath

Titanium Realty Group License #471020331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,237

Year Built

  • Built in 1960

Home Design

  • Gambrel Roof
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $4,700
  • Maintenance Expense $4,685
  • Manager Expense $6,247
  • Other Expense $12,692
  • Operating Expense $43,561
  • Gross Income $154,680
  • Net Operating Income $112,619

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,237

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Special Instructions
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Fireplaces: 1
  • Number of Windows: 8
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 1600000
  • Roof: Composition
  • Roof Structure: Gambrel

Utilities

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

Condo/Co-op/Association

  • Manager Expense: 6247
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Janitor Expense: 0
  • Operating Expense Includes: Maintenance Grounds,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8712
  • Zoning: MULTI

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 112619
  • Insurance Expense: 4700
  • GrossIncome: 154680
  • Maintenance Expense: 4685
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 43561
  • Expense Year: 2024
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15237
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2025
Closed on
Sep 3, 2025
Sold by
Bright Futures Rental Llc
Bought by
505 W Front Street Llc
Seller's Agent
Samantha Swaney
GC Realty and Development
Buyer's Agent
Praseen Nath
Titanium Realty Group
List Price
$1,600,000
Sold Price
$1,495,000
Premium/Discount to List
-$105,000
-6.56%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
857.80%
Original Mortgage
$1,046,500
Outstanding Balance
$1,046,500
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
$744,697

Purchase Details

Closed on
Jun 9, 2022
Sold by
Rental Mental Llc
Bought by
Bright Futures Rental Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,400
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 5, 2021
Sold by
Kasons Properties Inc
Bought by
Rental Mental Llc

Purchase Details

Closed on
Aug 25, 2004
Sold by
505-515 Front St Llc
Bought by
Kasons Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2003
Sold by
Grp Wheaton Llc
Bought by
505-515 Front Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
1.24%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2003
Sold by
Grp Wheaton Llc
Bought by
Grp Pinewood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
1.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,495,000 Chicago Title
Warranty Deed $1,500,500 National Title Solutions
Warranty Deed $830,000 First American Title
Warranty Deed $750,000 First American Title
Special Warranty Deed $637,500 Ctic
Special Warranty Deed $637,500 Ctic
Quit Claim Deed -- Ctic
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,046,500 Credit Line Revolving
Previous Owner $1,200,400 Credit Line Revolving
Previous Owner $532,000 Commercial
Previous Owner $1,040,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $1,495,000 -6.6% --
07/15/2025 07/15/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $1,600,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $16,230 $251,816 $86,499 $165,317
2023 $14,920 $231,790 $79,620 $152,170
2022 $13,368 $207,840 $75,240 $132,600
2021 $14,360 $202,900 $73,450 $129,450
2020 $13,641 $201,010 $72,770 $128,240
2019 $13,346 $195,710 $70,850 $124,860
2018 $13,869 $191,490 $69,320 $122,170
2017 $13,687 $184,420 $66,760 $117,660
2016 $12,890 $177,050 $64,090 $112,960
2015 $15,808 $198,340 $61,140 $137,200
2014 $14,848 $187,580 $57,820 $129,760
2013 $14,464 $188,140 $57,990 $130,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12413802

Midwest Real Estate Data (MRED)

APN: 05-17-403-015