NOT LISTED FOR SALE

Estimated Value: $1,519,047

23 Beds
12 Baths
-- Sq Ft
0.65 Acres

Last Sold July 10, 2024

Last sale price $1,375,000

Est. 10% increase in value since last sale

Current estimated payment $9,814/month

16 Days on Market

About This Home

As of July 2024

ARE YOU THINKING OF GETTING IN THE INVESTMENT GAME OR INCEASING YOUR REAL ESTATE PORTFOLIO? THEN THIS ALL BRICK 12 UNIT BUILDING IS FOR YOU! THIS BUILDING IS A CASH COW WITH LONG TERM TENANTS. IT HAS BEEN WELL MANAGED AND TAKEN CARE OF. THE CURRENT MANAGEMENT COMPANY IS WILLING TO STAY ON WITH A NEW OWNER. THE OWNER FOR OVER 40 YEARS IS RETIRING AND LOOKING TO MOVE HIS PROPERTIES. THIS IS A GREAT OPPORTUNITY TO BUY A TURN KEY INVESTMENT! ALSO AVAILABLE FOR SALE BY THE SAME OWNER IS THE BUILDING NEXT DOOR-520 BELLARMINE- ALSO A 12 UNIT. HE'S OPEN TO OFFERS ON BOTH BUILDINGS AS A PACKAGE DEAL. BUY ONE OR BUY TWO, BUT DON'T MISS OUT ON THIS OPPORTUNITY!

Last Agent to Sell the Property

Derek Hackney

Steel City Real Estate and Property Management Services, Inc License #471017844 Listed on: 04/06/2024

Last Buyer's Agent

Jim Hodur

Coldwell Banker Commercial NRT License #471004807

Coldwell Banker Commercial NRT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,544

Year Built

  • Built in 1976

Lot Details

  • 0.65

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 12 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 169x288x180x77
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,112
  • Fuel Expense $720
  • Insurance Expense $5,060
  • Maintenance Expense $500
  • Other Expense $500
  • Trash Expense $2,556
  • Water Sewer Expense $3,600
  • Operating Expense $36,092
  • Gross Income $164,112
  • Net Operating Income $128,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,544

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 23
  • Drive-In Doors: 12
  • Dishwashers: 12
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1375000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Heat/Ventilation: Electric

Fee Information

  • Trash Expense: 2556
  • Water Sewer Expenses: 3600
  • Janitor Expense: 500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 169X288X180X77

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17

Multi Family

  • Net Operating Income: 128020
  • Fuel Expense: 720
  • Insurance Expense: 5060
  • ElectricExpense: 2112
  • GrossIncome: 164112
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 36092
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 20544
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2024
Closed on
Jul 7, 2024
Sold by
Sansbrook East Llc
Bought by
Trust No 9002346180 and Chicago Title Land Trust
Seller's Agent
Derek Hackney
Steel City Real Estate and Property Management Services, Inc
Buyer's Agent
Jim Hodur
Coldwell Banker Commercial NRT
List Price
$1,375,000
Sold Price
$1,375,000
Views
56
Current Estimated Value
$1,519,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,047
Avg. Annual Appreciation
7.81%
Original Mortgage
$1,075,000
Outstanding Balance
$1,066,929
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$431,103

Purchase Details

Closed on
Oct 19, 2012
Sold by
Chicago Title Land Trust Co
Bought by
Sansbrook East Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 1994
Sold by
First National Bank Of Lockport
Bought by
First Of America Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.27%
Source: Public Records

Range of Values:

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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
Trust No 9002346180 $1,375,000 Chicago Title
Sansbrook East Llc -- Chicago Title Land Trust Com
First Of America Trust Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trust No 9002346180 $1,075,000
Previous Owner Sansbrook East Llc $350,000
Previous Owner Sansbrook East Llc $310,000
Previous Owner Chicago Title Land Trust Co $250,000
Previous Owner First Of America Trust Company $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $1,375,000 0.0% --
04/23/2024 04/23/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $1,375,000 -- --
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
2023 $18,633 $222,465 $57,990 $164,475
2022 $19,845 $222,465 $57,990 $164,475
2021 $20,907 $222,465 $57,990 $164,475
2020 $20,887 $222,465 $57,990 $164,475
2019 $21,378 $222,465 $57,990 $164,475
2018 $22,167 $222,465 $57,990 $164,475
2017 $22,980 $222,465 $57,990 $164,475
2016 $23,910 $222,465 $57,990 $164,475
2015 -- $222,465 $57,990 $164,475
2014 -- $222,465 $57,990 $164,475
2013 -- $222,465 $57,990 $164,475
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12021534

Midwest Real Estate Data (MRED)

APN: 30-07-18-419-008