NOT LISTED FOR SALE

5809 Park Ridge Rd Loves Park, IL 61111

Martin Shorewood Neighborhood

Estimated Value: $362,000 - $376,632

8 Beds
4 Baths
3,436 Sq Ft
$108/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $250,000 $73 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,349/month

Highlights

  • Brick or Stone Mason
  • 1-Story Property
  • Laundry Facilities
  • Storage
  • Forced Air Heating and Cooling System
  • 3-minute walk to Martin Park

About This Home

As of January 2021

Ranch style all Brick 4 family - Impeccable condition - Almost impossible to find in Loves Park - Low taxes makes this the perfect investment property - Excellent location overlooking Martin Park and Rock River!!! - Gorgeous wooded setting - What A View !!! Your tenants will love their morning walks - Located on a quiet dead end street - Original owner and contractor!! Quality construction with 2x6 trusses - New roof - Never a vacancy, always rented!! - 4 (2) Bedroom units all the same - Private basement areas with abundance of storage with washer and dryer hook ups available - Lots of additional parking - Separate utilities - Owner pays sewer approx. $400 yearly and on site dumpster $50. monthly - Handyman tenant currently does mowing and small repairs (ideal situation) - Rents are low, $600 - 2 tenants on yearly leases and 2 are now on month to month. Landlord owns refrigerators and gas stoves. Don't miss this rare opportunity, great investment!!!

Last Agent to Sell the Property

Larry Petry

Keller Williams Realty Signature License #475096513 Listed on: 01/17/2021

Keller Williams Realty Signature

Last Buyer's Agent

Toni Vander Heyden

Keller Williams Realty Signature License #475142387

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,772

Lot Details

  • 0.38

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 3,436 Sq Ft Home
  • 1-Story Property
  • Storage
  • Basement Fills Entire Space Under The House
  • Stove

Parking

  • 8 Car Parking Spaces
  • Additional Parking

Outdoor Features

  • Storage Shed

Schools

  • Loves Park Elementary School
  • Harlem Jr Middle School
  • Harlem High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 4 Units
  • 1-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,772

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3436
  • Front: 109.3
  • General Features: Additional Parking, Laundry in Building, Main Floor Master, Storage Area, Storage Shed
  • Legal Description: Fred L. Burrs River PK PT N 1/2 of S 1/2 Sec 1-44-1 Lots 8 & 9 Block 12
  • Lvt Date: 01/17/2021
  • Rear: 107.56
  • Side 1: 159
  • Side 2: 152
  • Style: 1 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 135,490
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Agent Only_ L A1 User Code: 680
  • Elementary School: Loves Park Elementary
  • Pertinent Facts: Ranch style all Brick 4 family - Impeccable condition - Almost impossible to find in Loves Park - Low taxes makes this the perfect investment property - Excellent location overlooking Martin Park and Rock River!!! - Gorgeous wooded setting - What A View !!! Your tenants will love their morning walks - Located on a quiet dead end street - Original owner and contractor!! Quality construction with 2x6 trusses - New roof - Never a vacancy, always rented!! - 4 (2) Bedroom units all the same - Private basement areas with abundance of storage with washer and dryer hook ups available - Lots of additional parking - Separate utilities - Owner pays sewer approx. $400 yearly and on site dumpster $50. monthly - Handyman tenant currently does mowing and small repairs (ideal situation) - Rents are low, $600 - 2 tenants on yearly leases and 2 are now on month to month. Landlord owns refrigerators and gas stoves. Don't miss this rare opportunity, great investment!!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Tax Info

  • Year: 2019
  • Taxes: 4772

MLS Schools

  • HighSchool: Harlem High School
  • School District: Harlem 122
  • Middle School: Harlem Jr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2021
Closed on
Jan 29, 2021
Sold by
Carol M Fischer Revocable Trust
Bought by
Jc Global Llc
Seller's Agent
Larry Petry
Keller Williams Realty Signature
Buyer's Agent
Toni Vander Heyden
Keller Williams Realty Signature
List Price
$240,000
Sold Price
$250,000
Premium/Discount to List
$10,000
4.17%
Current Estimated Value
$359,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,727
Avg. Annual Appreciation
8.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jc Global Llc $248,500 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $250,000 +4.2% $73 / Sq Ft
01/17/2021 01/17/21 Pending -- -- --
01/17/2021 01/17/21 For Sale $240,000 -- $70 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $5,777 $69,356 $11,728 $57,628
2022 $5,372 $54,661 $9,243 $45,418
2021 $5,053 $50,120 $8,475 $41,645
2020 $4,650 $47,381 $8,012 $39,369
2019 $4,772 $45,159 $7,636 $37,523
2018 $4,925 $42,558 $7,196 $35,362
2017 $4,857 $40,729 $6,887 $33,842
2016 $4,807 $39,966 $6,758 $33,208
2015 $4,863 $39,966 $6,758 $33,208
2014 $4,808 $39,970 $8,448 $31,522
Source: Public Records

Agents Affiliated with this Home

  • Larry Petry

    Seller's Agent in 2021

    Larry Petry

    Keller Williams Realty Signature

    (815) 222-5385

    3 in this area

    97 Total Sales

    Larry Petry
    Section Image
  • Toni Vander Heyden

    Buyer's Agent in 2021

    Toni Vander Heyden

    Keller Williams Realty Signature

    (815) 315-1110

    17 in this area

    1,369 Total Sales

    Toni Vander Heyden
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202007345

NorthWest Illinois Alliance of REALTORS®

APN: 11-01-405-014

Illinois Winnebago County Loves Park 61111 Martin Shorewood

5809 Park Ridge Rd, Loves Park, IL

Not Listed for Sale

MultiFamily

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