NOT LISTED FOR SALE
12 Beds
6 Baths
-- Sq Ft
0.25 Acres

Last Sold January 18, 2016

Last sale price $475,000

8 Days on Market

About This Home

As of January 2016

FULLY LEASED, ALL BRICK, WELL MAINTAINED 6 UNIT APARTMENT BUILDING. CAP RATE OF 8.4%, GROSS INCOME IS $69,000 AND NET INCOME IS JUST OVER $40,000! (3) NEW WALL UNIT A/C, BOILER IS APPROXIMATELY 10 YEARS OLD, ROOF (TOP) APPROXIMATELY 12 YEARS OLD, WATER HEATER APPROXIMATELY 10 YEARS OLD. LEASES EXPIRE APRIL, JUNE, JULY, AUGUST AND (2) SEPTEMBER 2016. 3 NEWER STOVES WITH ELECTRONIC IGNITION, 1 BRAND NEW DISHWASHER AND 1 BRAND NEW REFRIGERATOR, 2 BRAND NEW EJECTOR PUMPS, WASHER AND DRYER ARE OWNED! MONTHLY ASSESSMENT OF $270.00 INCLUDES; SCAVENGER, PARKING LOT & SIDEWALK MAINTENANCE, LAWN CARE AND SNOW REMOVAL. ALL OF THIS LOCATED WITHIN WALKING DISTANCE TO MOUNT PROSPECT'S "RECPLEX" AND CONVENIENTLY LOCATED NEAR SHOPPING AND INTERSTATE ACCESS. SELLER IS HIGHLY MOTIVATED!

Last Agent to Sell the Property

Chris Demos

@properties Christie's International Real Estate License #475135317 Listed on: 10/08/2015

@properties Christie's International Real Estate

Last Buyer's Agent

Eugenia Canepa

Coldwell Banker Realty License #475130445

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1974

Lot Details

  • 0.25

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,854
  • Insurance Expense $2,217

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1974

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2015
  • Net Oper Income: 40627
  • Owners Assoc: Yes
  • Roof Coverings: Shingle Composition
  • Roof Structure: Mansard
  • Total Annual Exp: 14505
  • Total Annual Income: 69000
  • Total Monthly Income: 5750
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 2
  • Estimated Year Built: 1974
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1974

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.25
  • Frontage Access: City Street, Public Road

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Hot Water, Baseboard
  • Water Expense: 4749

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 445
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 83X89X258X65X33X55X141X79
  • Lot Sq Ft: 11000
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 08232000420000

Rental Info

  • Gross Rental Income: 69000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 3854
  • Insurance Expense: 2217
  • Other Expenses: 3240
  • Number Of Dishwashers: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 13868

Range of Values:

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Sold 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
01/18/2016 01/18/16 Sold $475,000 -1.0% --
10/16/2015 10/16/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $479,900 -- --
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: MRD09059637

Midwest Real Estate Data (MRED)