NOT LISTED FOR SALE

511 Schroeder Ave Peotone, IL 60468

Estimated Value: $781,387

10 Beds
10 Baths
-- Sq Ft
20,473 Sq Ft

Last Sold April 27, 2020

Last sale price $515,000

Est. 52% increase in value since last sale

Current estimated payment $4,919/month

109 Days on Market

About This Home

As of April 2020

Fantastic investment opportunity awaits you in the heart of Peotone! Featuring a prime location to the Will County Fair Grounds and Peotone park District; this ranch complex boasts 10 fully occupied units, on site parking and in-building coin laundry. Each unit includes a 15x11 living room; 11x8 kitchen with all appliances; a 12x10 bedroom with oversized closet; and a full bathroom. Grab this well maintained, income producing property, before its gone!

Last Agent to Sell the Property

Joseph Siwinski

Lincoln-Way Realty, Inc License #471007163 Listed on: 06/17/2019

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • 1981

Lot Details

  • 0.47

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Cedar

Additional Features

  • Crawl Space
  • Window Unit Cooling System

Community Details

  • Insurance Expense $2,500

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

0.47 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Potential Use: Commercial, Condominium, Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Oper Income: 54401
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 600
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable
  • Scavenger Expense: 720
  • Total Annual Exp: 18899
  • Total Annual Income: 73300
  • Total Monthly Income: 6000
  • Number of Ranges: 10
  • Number Of Refrigs: 10
  • Number Of Window A C: 10
  • Number Of Stories: 1
  • Estimated Year Built: 1981
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1981

Interior Features

  • Basement: Crawl

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick, Cedar
  • Acreage: 0.47
  • Frontage Access: Public Road

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Electric
  • Water Expense: 3000

Condo/Co-op/Association

  • Units in Building: 10

Fee Information

  • Electricity Expense: 600
  • Janitor Expense: 1300

Lot Info

  • Lot Dimensions: 180X115
  • Lot Sq Ft: 20701
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 1720244120310000

Rental Info

  • Gross Rental Income: 72000
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Insurance Expense: 2500
  • Other Expenses: 312

Tax Info

  • Taxes: 9799

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Apr 27, 2020
Sold by
Hancock Cheri and Estate Of Kenneth A Pearson
Bought by
Tonjoy Propertis Llc
Seller's Agent
Joseph Siwinski
Lincoln-Way Realty, Inc
Buyer's Agent
Non Member
NON MEMBER
List Price
$574,900
Sold Price
$515,000
Premium/Discount to List
-$59,900
-10.42%
Current Estimated Value
$781,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,387
Avg. Annual Appreciation
7.39%
Original Mortgage
$412,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2019
Sold by
Pearson Kenneth A and Kap Trust
Bought by
Frontczak Jennifer and Ultreras Deanna
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Tonjoy Propertis Llc $515,000 Chicago Title
Frontczak Jennifer -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tonjoy Propertis Llc $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2020 04/27/20 Sold $515,000 -10.4% --
12/09/2019 12/09/19 For Sale $574,900 +11.6% --
12/04/2019 12/04/19 Off Market $515,000 -- --
10/04/2019 10/04/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $574,900 -- --
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 $10,868 $177,470 $43,470 $134,000
2023 $10,868 $165,500 $31,500 $134,000
2022 $11,035 $165,500 $31,500 $134,000
2021 $11,063 $165,500 $31,500 $134,000
2020 $11,359 $165,500 $31,500 $134,000
2019 $9,107 $128,432 $31,500 $96,932
2018 $9,733 $128,432 $31,500 $96,932
2017 $9,799 $128,432 $31,500 $96,932
2016 $9,867 $128,432 $31,500 $96,932
2015 $10,067 $128,432 $31,500 $96,932
2014 $10,067 $128,432 $31,500 $96,932
2013 $10,067 $128,432 $31,500 $96,932
Source: Public Records

Agents Affiliated with this Home

  • Joseph Siwinski

    Seller's Agent in 2020

    Joseph Siwinski

    Lincoln-Way Realty, Inc

    (708) 479-6355

    421 Total Sales

    Joseph Siwinski
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10419036

Midwest Real Estate Data (MRED)

APN: 17-20-24-412-031

Illinois Will County Peotone 60468

511 Schroeder Ave, Peotone, 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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