NOT LISTED FOR SALE

5147 Electric Ave Hillside, IL 60162

Hillside Area
8 Beds
8 Baths
5,990 Sq Ft
1970 Built

Sale Details

Date Sold: March 2, 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

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,906

Year Built

  • Built in 1970

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

Lot Details

  • Lot Dimensions are 60 x 130

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2022
Sold by
Bought by

Purchase Details

Listed on
Sep 29, 2016
Closed on
Mar 2, 2017
Sold by
Bought by
Seller's Agent
Donna Raven
RE/MAX City
Buyer's Agent
Matthew Schmidt
Earned Run Real Estate Group
List Price
$624,900
Sold Price
$550,000
Premium/Discount to List
-$74,900
-11.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hillside, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$550,000 First American Title
$480,000 None Available
$464,000 First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $425,000
Closed $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09356470

Midwest Real Estate Data (MRED)
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