NOT LISTED FOR SALE
29 Beds
13 Baths
-- Sq Ft
1916 Built

Sale Details

Date Sold: May 19, 2016

Last sale price $885,000

35 Days on Market

About This Home

As of May 2016

LENDER OWNED! Unbelievably remodeled 13 unit practically across the street from Oak Park. Every apartment recently remodeled, new windows newer wrought iron back porches, newer balconies, new electric,every apartment has its own newer furnace, newer tuck pointing, new emergency lights, newer roof, skylight and gutters, newer plumbing, newer balconies,new sewer pipe.Great income and low expenses.

Last Agent to Sell the Property

Louis A. Virgilio

American Realty Services, Inc. License #471004630 Listed on: 01/21/2016

Last Buyer's Agent

David Urbaniak

@properties Commercial License #475114531

@properties Commercial
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,617

Year Built

  • Built in 1916

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 13 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 54x150
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $1,800
  • Insurance Expense $3,848
  • Maintenance Expense $8,400
  • Other Expense $1,780
  • Trash Expense $1,820
  • Water Sewer Expense $10,200
  • Operating Expense $37,465
  • Gross Income $163,320
  • Net Operating Income $125,855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,617

Year Built

Built in 1916

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 29
  • Room: 0

Utilities

  • Heat/Ventilation: Separate Per Unit

Fee Information

  • Trash Expense: 1820
  • Water Sewer Expenses: 10200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54X150
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 125855
  • Insurance Expense: 3848
  • ElectricExpense: 1800
  • GrossIncome: 163320
  • Maintenance Expense: 8400
  • NumberOfUnitsTotal: 13
  • OperatingExpense: 37465
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9617
  • Tax Year: 2014

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
Jun 7, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$848,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2016
Closed on
May 18, 2016
Sold by
Bought by
Seller's Agent
Louis A. Virgilio
American Realty Services, Inc.
Buyer's Agent
David Urbaniak
@properties Commercial
List Price
$899,900
Sold Price
$885,000
Premium/Discount to List
-$14,900
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2006
Sold by
Bought by

Purchase Details

Closed on
May 5, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,500
Interest Rate
8.56%
Mortgage Type
Commercial
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
$1,060,000 Chicago Title
$885,000 Cambridge Title Company
-- None Available
-- None Available
-- None Available
$825,000 Multiple
-- --
$200,000 --
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
Previous Owner $848,000
Previous Owner $708,000
Previous Owner $173,500
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
05/19/2016 05/19/16 Sold $885,000 -1.7% --
02/25/2016 02/25/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $899,900 -- --
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 $19,695 $106,001 $9,413 $96,588
2024 $19,695 $106,001 $9,413 $96,588
2023 $19,199 $93,345 $5,099 $88,246
2022 $19,199 $93,345 $5,099 $88,246
2021 $18,771 $93,344 $5,098 $88,246
2020 $16,317 $73,246 $5,098 $68,148
2019 $14,716 $73,246 $5,098 $68,148
2018 $14,469 $73,246 $5,098 $68,148
2017 $15,402 $71,548 $4,314 $67,234
2016 $14,330 $71,548 $4,314 $67,234
2015 $10,961 $59,814 $4,314 $55,500
2014 $9,618 $51,838 $4,314 $47,524
2013 $11,495 $63,200 $4,314 $58,886
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09121873

Midwest Real Estate Data (MRED)
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