NOT LISTED FOR SALE
12 Beds
6 Baths
7,068 Sq Ft
10,192 Sq Ft Lot

Sale Details

Date Sold: September 11, 2015

Last sale price $470,000 $66 Per Sq Ft

99 Days on Market

About This Home

As of September 2015

Amazing 6 unit Brick Building in very popular are of Chicago Ridge. Building backs to school. Fully rented out. Great tenants.

Last Agent to Sell the Property

Rana Jacob

REMAX Legends License #471015010 Listed on: 04/02/2015

REMAX Legends

Last Buyer's Agent

Rana Jacob

REMAX Legends License #471015010 Listed on: 04/02/2015

REMAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,329

Year Built

  • Built in 1979

Lot Details

  • 10,192 Sq Ft Lot
  • Lot Dimensions are 74 x 130

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7,068 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $4,500
  • Insurance Expense $2,427
  • Other Expense $200
  • Trash Expense $800
  • Water Sewer Expense $2,500
  • Operating Expense $8,000
  • Gross Income $59,940
  • Net Operating Income $38,611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,329

Year Built

Built in 1979

Lot Details

10,192 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: Show-Special Instructions
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Finished
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Hot Water,Baseboard

Fee Information

  • Trash Expense: 800
  • Water Sewer Expenses: 2500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.23
  • Lot Dimensions: 74 X 130
  • Lot Size Sq Ft: 10192
  • Zoning: MULTI
  • Alternate Phone Number: (708) 261-0737

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 7068

Multi Family

  • Net Operating Income: 38611
  • Fuel Expense: 4500
  • Insurance Expense: 2427
  • GrossIncome: 59940
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 8000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 13329
  • Tax Year: 2013

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

Closed on
Oct 24, 2019
Sold by
Bought by

Purchase Details

Listed on
Apr 2, 2015
Closed on
Sep 11, 2015
Sold by
Bought by
Seller's Agent
Rana Jacob
REMAX Legends
Buyer's Agent
Rana Jacob
REMAX Legends
List Price
$509,900
Sold Price
$470,000
Premium/Discount to List
-$39,900
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
0.039%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
$470,000 Attorney
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
Open $170,000
Previous Owner $305,000
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
09/11/2015 09/11/15 Sold $470,000 -7.8% $66 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $509,900 -- $72 / 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 $20,433 $63,000 $9,428 $53,572
2024 $20,433 $63,000 $9,428 $53,572
2023 $18,816 $63,000 $9,428 $53,572
2022 $18,816 $48,027 $8,154 $39,873
2021 $18,005 $48,025 $8,153 $39,872
2020 $17,784 $48,025 $8,153 $39,872
2019 $17,403 $44,567 $7,389 $37,178
2018 $16,548 $44,567 $7,389 $37,178
2017 $16,576 $44,567 $7,389 $37,178
2016 $15,228 $38,174 $6,115 $32,059
2015 $14,939 $38,174 $6,115 $32,059
2014 $14,630 $38,174 $6,115 $32,059
2013 $13,329 $38,237 $6,115 $32,122
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08880096

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.