NOT LISTED FOR SALE
11 Beds
11 Baths
-- Sq Ft
1961 Built

Last Sold January 22, 2016

Last sale price $635,000

36 Days on Market

About This Home

As of January 2016

Well kept 11 unit apartment building- all 1 bedrooms.New windows and new kitchens. Very convenient location close to Midway Airport, Archer Avenue and many stores. Coin operated washer and dryer in laundry room on first floor. Easy to rent. No vacancies.

Last Agent to Sell the Property

Margaret Wilk

RE/MAX 10 License #475103082 Listed on: 11/04/2015

RE/MAX 10

Last Buyer's Agent

Ken Houbolt

HRE Real Estate Services License #471016227

HRE Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $4,800
  • Insurance Expense $3,400

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $30,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1961

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Sole Proprietor
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2015
  • Net Oper Income: 68598
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 1200
  • Roof Coverings: Rubber
  • Scavenger Expense: 1500
  • Total Annual Exp: 22902
  • Total Annual Income: 91500
  • Total Monthly Income: 7625
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Window A C: 11
  • Number Of Stories: 2
  • Estimated Year Built: 1961
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1961

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Gas
  • Water Expense: 3000

Condo/Co-op/Association

  • Units in Building: 11

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers, Separate Meters

Lot Info

  • Lot Dimensions: 66 X 145
  • Lot Sq Ft: 9800
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 19093250690000

Rental Info

  • Gross Rental Income: 89100
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 4800
  • Insurance Expense: 3400
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 8942
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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 List to Sale Price per Sq Ft
01/22/2016 01/22/16 Sold $635,000 -2.3% --
12/10/2015 12/10/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $649,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $14,552 $73,900 $12,196 $61,704
2024 $14,552 $73,900 $12,196 $61,704
2023 $14,186 $68,970 $8,781 $60,189
2022 $14,186 $68,970 $8,781 $60,189
2021 $13,869 $68,969 $8,781 $60,188
2020 $11,121 $49,922 $8,781 $41,141
2019 $10,030 $49,922 $8,781 $41,141
2018 $9,861 $49,922 $8,781 $41,141
2017 $10,375 $48,195 $8,049 $40,146
2016 $9,653 $48,195 $8,049 $40,146
2015 $8,832 $48,195 $8,049 $40,146
2014 $8,942 $48,195 $8,049 $40,146
2013 $8,765 $48,195 $8,049 $40,146
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09079505

Midwest Real Estate Data (MRED)
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