D
Seller's Agent in 2024
David Pokorny
CNB Property Consultants, Inc
(630) 231-4440
2 in this area
38 Total Sales
516 S Michigan Ct Addison, IL 60101
22
Beds
15
Baths
3,445
Sq Ft
8,700
Sq Ft Lot
Highlights
- Laundry Room
- Central Heating
- Baseboard Heating
About This Home
As of February 2024HIGHEST AND BEST IS 5:30 PM January 11, 2024. ALL SHOWING WILL START PROMPLY AT 2PM AND END AT 3PM JANUARY 10TH. WE HAVE A LARGE AMOUNT OF PEOPLE ATTENDING. Great DuPage County Building with no association. Building has (3) 2 bedrooms and (2) 2 bedrooms. Unit number 1 is a much larger unit with 1.1 bathrooms and approximately 1400SF with a tenant that has occupied for over 30+ years and helps with interior and exterior maintenance. Unit #5 has been completely updated in April 2023. Unit 3 lease expires April 2024 and could get more for rent if buyer wishes. New roof and gutters and downspouts installed 2022, new windows throughout building in October 2023. Brick tuck-pointing in great condition. HWT less than 7-years old. Coined washer and dryer, for extra income, is less then 4 years old. Boiler is aged but is still working great and has been certified by our HVAC contractor. Main boiler pump just was replaced September 2023 along with (1) other pump. All other units are in good clean condition with most having hardwood flooring. Building is well maintained inside and out. Sellers hate to sell but due to unforeseen issues with the sellers, our loss is your gain. Tenants pay electric with separate meters and breaker panels in each unit. Each unit has (2) assigned parking places which have been freshly striped in July 2023. Property is located within a cul de sac, quiet area and building backs up to Fullerton Elementary School. Sellers received a 2-year waiver from The Village of Addison for their yearly inspection due to the great condition and upkeep of this building. Sellers are currently accepting offers. However, we are requesting all interesting buyers to submit offers to email address in agents remarks section. Only drive-by inspection for now. DO NOT, I REPEAT, DO NOT ATTEMP TO BOTHER TENANTS. THEY ARE NOT AWARE AS OF YET THE BUILDING IS BEING SOLD. WE ARE TRYING TO CORDINATE WITH TENTANTS FOR ALL SHOWINGS OF ENTIRE BUILD AND UNITS BETWEEN 2-3 PM ON JANUARY 10, 2024, AT WHICH TIME WILL ASK FOR HIGHEST AND BEST OFFERS. BUILDING WILL BE A GREAT INVESTMENT WITH A NICE NET ANNUAL INCOME. WATER BILL CONTAINS GARBAGE BILL WITH (1) DUMPSTER.
Last Agent to Sell the Property
CNB Property Consultants, Inc License #471003908 Listed on: 12/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,582
Year Built
- Built in 1978
Lot Details
- 8,700 Sq Ft Lot
- Lot Dimensions are 60x145
Home Design
- Gable Roof Shape
- Brick Exterior Construction
- Composition Roof
- Fiberglass Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,445 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 22 Bedrooms
- 15 Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $423
- Fuel Expense $2,129
- Insurance Expense $2,303
- Water Sewer Expense $4,877
- Operating Expense $25,000
- Gross Income $70,800
- Net Operating Income $37,651
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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2024 02/28/24 | Sold | $700,000 | +6.2% | $203 / Sq Ft |
| 01/11/2024 01/11/24 | Pending | -- | -- | -- |
| 01/03/2024 01/03/24 | Price Changed | $658,999 | 0.0% | $191 / Sq Ft |
| 12/22/2023 12/22/23 | For Sale | $659,000 | +14.6% | $191 / Sq Ft |
| 02/10/2023 02/10/23 | Sold | $575,000 | -4.1% | $167 / Sq Ft |
| 01/05/2023 01/05/23 | Pending | -- | -- | -- |
| 12/30/2022 12/30/22 | For Sale | $599,538 | -- | $174 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
David Pokorny
-
Sherwood Kraemer
Buyer's Agent in 2024
Sherwood Kraemer
RE/MAX Suburban
(630) 247-0767
2 in this area
21 Total Sales
-
John LeTourneau
Seller's Agent in 2023
John LeTourneau
Keller Williams Infinity
(630) 745-1033
1 in this area
16 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11950895
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