NOT LISTED FOR SALE

5147 Electric Ave Hillside, IL 60162

8 Beds
8 Baths
5,990 Sq Ft
1970 Built

Last Sold March 02, 2017

Last sale price $550,000 $92 Per Sq Ft

139 Days on Market

About This Home

As of March 2017

A great investment opportunity. Most of the units have been remodeled. Easy to self manage. Never a problem renting them. Some long term tenants. 24 hour notice to show.

Last Agent to Sell the Property

Donna Raven

RE/MAX City License #475103894 Listed on: 09/29/2016

RE/MAX City

Last Buyer's Agent

Matthew Schmidt

Earned Run Real Estate Group License #471019114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,906

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 60 x 130

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,990 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Partially Finished Basement
  • Exterior Basement Entry
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $834
  • Fuel Expense $5,335
  • Insurance Expense $4,527
  • Maintenance Expense $3,165
  • Trash Expense $2,867
  • Water Sewer Expense $2,167
  • Operating Expense $35,494
  • Gross Income $70,560
  • Net Operating Income $35,066

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,906

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Storage Inside
  • Fireplaces: 1
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Service - 201 to 600 Amps
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Gas,Hot Water
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2867
  • Water Sewer Expenses: 2167

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 130
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5990

Multi Family

  • Net Operating Income: 35066
  • Fuel Expense: 5335
  • Insurance Expense: 4527
  • ElectricExpense: 834
  • GrossIncome: 70560
  • Maintenance Expense: 3165
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 35494
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 16906
  • Tax Year: 2015
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/02/2017 06/02/17 Off Market $550,000 -- --
03/02/2017 03/02/17 Sold $550,000 -12.0% $92 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
09/29/2016 09/29/16 For Sale $624,900 -- $104 / Sq Ft
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
2025 $22,479 $56,554 $4,521 $52,033
2024 $22,479 $56,554 $4,521 $52,033
2023 $20,180 $56,554 $4,521 $52,033
2022 $20,180 $44,449 $6,576 $37,873
2021 $20,270 $44,449 $6,576 $37,873
2020 $20,358 $46,699 $6,576 $40,123
2019 $18,770 $42,403 $4,932 $37,471
2018 $18,565 $42,403 $4,932 $37,471
2017 $17,815 $42,403 $4,932 $37,471
2016 $17,265 $40,622 $4,521 $36,101
2015 $16,906 $40,622 $4,521 $36,101
2014 $16,599 $40,622 $4,521 $36,101
2013 $13,597 $36,273 $4,521 $31,752
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09356470

Midwest Real Estate Data (MRED)