NOT LISTED FOR SALE

5801 W 103rd St Oak Lawn, IL 60453

17 Beds
11 Baths
-- Sq Ft
1979 Built

Last Sold March 01, 2017

Last sale price $615,000

46 Days on Market

About This Home

As of March 2017

Eight unit fully leased building in great condition. Features a massive 3bed-2bath unit, four 2 bed-1bath units, two 2bed-2bath units and one 2 bedroom garden unit. Property includes 4 car attached garage parking spaces and 12 additional exterior spots sitting right next to a large backyard which is used as a common area. Tear off roof in 2015, 2015 hot water heater, 5 storage lockers and 2 coin operated washers/dryers for additional income. 6 of the units have balconies. Building is located across the street from a park, golf course, and pond for fishing. Great schools, close to Metra and mall. NOI=51K+ Cap rate: 7.72% Floor plans are in the photos.

Last Agent to Sell the Property

Adam Zagata

Real Broker LLC License #475164308 Listed on: 11/07/2016

Real Broker LLC

Last Buyer's Agent

Adam Zagata

Real Broker LLC License #475164308 Listed on: 11/07/2016

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Home Design

  • Brick Exterior Construction
  • Masonite

Utilities

  • Central Air
  • Window Unit Cooling System

Additional Features

  • Finished Basement

Community Details

  • Fuel Expense $6,072
  • Insurance Expense $5,633

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Condominium
  • Utilities To Site: Septic-Mechanical
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2015
  • Net Oper Income: 51735
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 2400
  • Total Annual Exp: 35684
  • Total Annual Income: 91800
  • Total Monthly Income: 7300
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 3
  • Estimated Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1979

Interior Features

  • Basement: Finished

Exterior Features

  • Exterior Building Type: Brick, Masonite
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces, Attached
  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Central Air, Window Unit/s
  • Fire Protection: Alarm On Site
  • Heatventilation: Hot Water, Baseboard
  • Water Expense: 4800

Condo/Co-op/Association

  • Units in Building: 8
  • Assessment Includes: Heat, Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 1200
  • Electrical Service: Separate Meters
  • Janitor Expense: 1440

Lot Info

  • Lot Dimensions: 118X126
  • Lot Sq Ft: 14092
  • Land Amenities: Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 24172130180000

Rental Info

  • Gross Rental Income: 87600
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 6072
  • Insurance Expense: 5633
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 13931

Range of Values:

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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
03/01/2017 03/01/17 Sold $615,000 -8.2% --
12/23/2016 12/23/16 Pending -- -- --
11/07/2016 11/07/16 For Sale $670,000 -- --
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: MRD09383997

Midwest Real Estate Data (MRED)