NOT LISTED FOR SALE

507 E Manchester Dr Wheeling, IL 60090

9 Beds
6 Baths
-- Sq Ft
1973 Built

Last Sold October 30, 2020

Last sale price $690,000

25 Days on Market

About This Home

As of October 2020

Well Maintained 6 unit Building on a quiet residential street. Three 5-2-1 units and three 4-1-1 units. All units updated within last 5 years. New Tear-off Roof, Fence and New Balconies 2015. New coin Washer & Dryer. Storage Shed. 12 Private Parking Spaces. Great Investment Opportunity. Great for 1031 Exchange.

Last Agent to Sell the Property

Robert Beer

Baird & Warner License #471005752 Listed on: 08/25/2020

Baird & Warner

Last Buyer's Agent

Hyun Shin

Real People Realty License #475154596

Real People Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,656
  • Insurance Expense $2,182

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 46196
  • Repairs Decor Expense: 2042
  • Scavenger Expense: 1090
  • Total Annual Exp: 29520
  • Total Annual Income: 75716
  • Total Monthly Income: 6310
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1973
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1973

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Central Heat/Indiv Controls, Hot Water, Baseboard
  • Water Expense: 1183

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 646

Lot Info

  • Lot Dimensions: 101 X 132
  • Parcel Identification Number: 03123000550000

Rental Info

  • Gross Rental Income: 75716
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 3656
  • Insurance Expense: 2182
  • Other Expenses: 2089
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 16632.5
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $690,000 -0.6% --
09/19/2020 09/19/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $694,000 -- --
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
2025 $22,119 $76,000 $11,698 $64,302
2024 $22,119 $66,000 $9,424 $56,576
2023 $21,095 $66,000 $9,424 $56,576
2022 $21,095 $66,000 $9,424 $56,576
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 $13,821 $38,788 $5,524 $33,264
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: MRD10830599

Midwest Real Estate Data (MRED)