NOT LISTED FOR SALE
12 Beds
6 Baths
5,686 Sq Ft
8,745 Sq Ft Lot

Sale Details

Date Sold: December 28, 2017

Last sale price $560,000 $98 Per Sq Ft

10 Days on Market

About This Home

As of December 2017

Beautiful 6-unit brick rental building with all 2 bed / 1 bath units that is well maintained and fully leased. Coin-operated laundry units provide additional revenue and there are 6 dedicated parking spaces included with the property. The Windsor Courts community keeps all landscaping, parking lots, and other common areas in impeccable condition. Conveniently located near I-90, O'Hare Airport, Mount Prospect's "RecPlex", and tons of local shops and restaurants. Most importantly, very low rents due to long-term tenants creates a huge opportunity for investors!

Last Agent to Sell the Property

Steve Zaleski

Compass License #475159790 Listed on: 11/03/2017

Compass

Co-Listed By

Frank Callero

Compass License #475166078

Last Buyer's Agent

Samuel David

Premier Agent Network Illinois, LLC License #475171115

Premier Agent Network Illinois, LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,827

Year Built

  • Built in 1974

Lot Details

  • 8,745 Sq Ft Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

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

Building Details

  • Electric Expense $1,000
  • Fuel Expense $2,500
  • Insurance Expense $2,000
  • Other Expense $3,500
  • Water Sewer Expense $4,500
  • Operating Expense $26,500
  • Gross Income $61,920
  • Net Operating Income $35,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,827

Year Built

Built in 1974

Lot Details

8,745 Sq Ft Lot

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: Other-See Remarks
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Roof Structure: Mansard

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 4500

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: APPROX. 8,745 SQFT
  • Lot Size Sq Ft: 8745
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5686

Multi Family

  • Net Operating Income: 35420
  • Fuel Expense: 2500
  • Insurance Expense: 2000
  • ElectricExpense: 1000
  • GrossIncome: 61920
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26500
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12827
  • Tax Year: 2016

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Dec 28, 2017
Sold by
Bought by
Seller's Agent
Steve Zaleski
Compass
Buyer's Agent
Samuel David
Premier Agent Network Illinois, LLC
List Price
$599,900
Sold Price
$560,000
Premium/Discount to List
-$39,900
-6.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 27, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$560,000 Executive Land Title Inc
-- None Available
$334,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $440,000
Source: Public Records

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
12/28/2017 12/28/17 Sold $560,000 -6.7% $98 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $599,900 0.0% $106 / Sq Ft
11/04/2017 11/04/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $599,900 -- $106 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $15,112 $77,000 $13,992 $63,008
2024 $15,112 $58,002 $13,992 $44,010
2023 $15,761 $63,000 $13,992 $49,008
2022 $15,761 $63,000 $13,992 $49,008
2021 $12,567 $43,980 $9,182 $34,798
2020 $13,156 $47,309 $9,182 $38,127
2019 $13,901 $55,011 $9,182 $45,829
2018 $13,773 $48,241 $7,870 $40,371
2017 $13,645 $48,241 $7,870 $40,371
2016 $12,828 $48,241 $7,870 $40,371
2015 $13,204 $46,343 $6,996 $39,347
2014 $12,986 $46,343 $6,996 $39,347
2013 $12,680 $46,343 $6,996 $39,347
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09793213

Midwest Real Estate Data (MRED)
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