NOT LISTED FOR SALE

520 Schroeder Ave Peotone, IL 60468

Estimated Value: $401,205

7 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold September 18, 2020

Last sale price $280,000

Est. 43% increase in value since last sale

Current estimated payment $2,708/month

49 Days on Market

About This Home

As of September 2020

Modern Brick 4 unit nestled on a well-maintained lot. Each unit has eat in kitchen with nook area, large living room and wall AC's. New hot water heaters & furnaces (2016), new hot water tank (2018), new roof installed in 2008, and is 100% occupied which makes this an excellent investment or can be used as an owner occupant. Price reduced, Serious buyers only.

Last Agent to Sell the Property

James Mattz

Keller Williams Preferred Rlty License #471014052 Listed on: 06/04/2020

Keller Williams Preferred Rlty

Last Buyer's Agent

Sonia Cruz

Coldwell Banker Realty License #475190349

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,599

Year Built

  • Built in 1977

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 120x80

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $31
  • Fuel Expense $114
  • Insurance Expense $537
  • Trash Expense $113
  • Water Sewer Expense $71
  • Gross Income $36,480
  • Net Operating Income $21,912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,599

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 299900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Sewer-Storm
  • Heating: Natural Gas, Baseboard
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 113
  • Water Sewer Expenses: 71

Schools

  • Middle/Junior School District: 207U

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 120X80
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 21912
  • Fuel Expense: 114
  • Insurance Expense: 537
  • ElectricExpense: 31
  • GrossIncome: 36480
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7599.24
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2023
Sold by
Navarro-Acosta Jose R and Navarro-Acosta Nedra
Bought by
Bernard Ryan D
Current Estimated Value
$401,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,841
Outstanding Balance
$325,046
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$66,254

Purchase Details

Closed on
May 26, 2022
Sold by
Championed Homes Llc
Bought by
Navarro-Acosta Jose R

Purchase Details

Closed on
Jul 2, 2021
Sold by
Navarro Acosta Jose R
Bought by
Championed Homes Llc

Purchase Details

Listed on
Jun 4, 2020
Closed on
Sep 17, 2020
Sold by
Biegel Douglas J
Bought by
Navarroa Costa Jose R
Seller's Agent
James Mattz
Keller Williams Preferred Rlty
Buyer's Agent
Sonia Cruz
Coldwell Banker Realty
List Price
$325,000
Sold Price
$280,000
Premium/Discount to List
-$45,000
-13.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$210,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2009
Sold by
Palos Bank & Trust Company
Bought by
Biegel Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Ahrweiller Fred A and Ahrweiler Sharon
Bought by
Nagaraja Raj and Nagaraja Tambarahalli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,452
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Bernard Ryan D $340,000 Plymouth Title Guaranty
Navarro-Acosta Jose R -- None Listed On Document
Championed Homes Llc -- None Available
Navarroa Costa Jose R $280,000 Fatic
Biegel Douglas J $317,000 Chicago Title Insurawnce Co
Nagaraja Raj $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernard Ryan D $333,841
Previous Owner Navarroa Costa Jose R $210,000
Previous Owner Biegel Douglas J $217,500
Previous Owner Nagaraja Raj $177,452
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2020 09/18/20 Sold $280,000 -6.6% --
07/23/2020 07/23/20 Pending -- -- --
07/06/2020 07/06/20 Price Changed $299,900 -7.7% --
06/04/2020 06/04/20 For Sale $325,000 -- --
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 $6,147 $102,165 $22,787 $79,378
2022 $6,812 $102,165 $22,787 $79,378
2021 $7,086 $102,165 $22,787 $79,378
2020 $7,276 $102,165 $22,787 $79,378
2019 $7,599 $102,165 $22,787 $79,378
2018 $8,122 $102,165 $22,787 $79,378
2017 $8,177 $102,165 $22,787 $79,378
2016 $8,234 $102,165 $22,787 $79,378
2015 $9,000 $102,165 $22,787 $79,378
2014 $9,000 $102,165 $22,787 $79,378
2013 $9,000 $102,165 $22,787 $79,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10736095

Midwest Real Estate Data (MRED)

APN: 20-24-411-006