NOT LISTED FOR SALE
12 Beds
6 Baths
5,686 Sq Ft
9,148 Sq Ft Lot

Last Sold December 09, 2022

Last sale price $752,500 $132 Per Sq Ft

6 Days on Market

Highlights

  • Laundry Room
  • Elk Grove High School Rated A
  • Forced Air Heating System

About This Home

As of December 2022

Excellent investment opportunity for this 6 unit multi-family building. Fully leased with tenants who pay on time! Located minutes from Interstate 90 and Highway 14. Close proximity to shopping and local parks. Cap rate is 6.5%.

Last Agent to Sell the Property

Ken Kaczmarowski

Agentcy License #475198177 Listed on: 09/26/2022

Last Buyer's Agent

Edyta Kamykowska

Chicagoland Brokers, Inc. License #475114943

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,932

Year Built

  • Built in 1974

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 81 x 115 x 81 x 115

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,686 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include parking, lawn care, snow removal
  • 6 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $2,688
  • Insurance Expense $1,440
  • Maintenance Expense $3,500
  • Other Expense $500
  • Water Sewer Expense $5,160
  • Operating Expense $25,200
  • Gross Income $80,880
  • Net Operating Income $55,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,932

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Misc Inside: Laundry Room
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Room: 5
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Block
  • Foundation Details: Concrete Perimeter
  • List Price: 760000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Lawn Care, Snow Removal
  • Water Sewer Expenses: 5160
  • Janitor Expense: 540
  • Operating Expense Includes: Accounting,Insurance,Maintenance Grounds,Parking,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 81 X 115 X 81 X 115
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 3
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5686

Multi Family

  • Net Operating Income: 55680
  • Fuel Expense: 2688
  • Insurance Expense: 1440
  • ElectricExpense: 300
  • GrossIncome: 80880
  • Maintenance Expense: 3500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25200
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12932
  • Tax Year: 2020

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $752,500 -1.0% $132 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $760,000 -- $134 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11638477

Midwest Real Estate Data (MRED)