NOT LISTED FOR SALE
-- Beds
-- Baths
-- Sq Ft
1.72 Acre Lot

Sale Details

Date Sold: March 31, 2023

Last sale price $732,551

7 Days on Market

Highlights

  • 1.72 Acre Lot
  • Palatine High School Rated A
  • Baseboard Heating

About This Home

As of March 2023

This is a 6 unit building with five units that are 2 bedroom/1 bath and one unit that is 1 bed/1bath. Tenant pays electric. Water is included with HOA. The Building is all electric. No gas. There is an HOA (American Property Management) - monthly assessment for the entire building is $1,276.00 paid by owner. Each unit has a separate PIN # through Cook County (each PIN noted in Broker Remarks). Seller is selling the entire building as a whole.

Last Agent to Sell the Property

Amy Kite

Keller Williams Infinity License #475132989 Listed on: 02/10/2023

Keller Williams Infinity

Co-Listed By

Sherry Landa

Keller Williams Infinity License #475167181

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,157

Year Built

  • Built in 1982

Lot Details

  • 1.72 Acre Lot
  • Lot Dimensions are 49x53
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Insurance Expense $2,850
  • Operating Expense $6,095
  • Gross Income $73,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,157

Year Built

Built in 1982

Lot Details

1.72 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Condominium
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 1982
  • Built Before 1978 (Y/N): No
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Condominium
  • Room: 0

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Electric,Baseboard,Separate Per Unit

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Operating Expense Includes: Association,Insurance,Snow Removal,Trash,Water/Sewer

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 1.72
  • Lot Dimensions: 49X53
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Insurance Expense: 2850
  • GrossIncome: 73560
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 6095
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 13157
  • Tax Year: 2021

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
03/31/2023 03/31/23 Sold $732,551 +2.5% --
02/17/2023 02/17/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $715,000 -2.4% --
02/16/2023 02/16/23 Off Market $732,551 -- --
02/10/2023 02/10/23 For Sale $715,000 -- --
Source: Midwest Real Estate Data (MRED)

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11708128

Midwest Real Estate Data (MRED)
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