NOT LISTED FOR SALE
17 Beds
9 Baths
8,941 Sq Ft
16,553 Sq Ft Lot

Sale Details

Date Sold: July 14, 2022

Last sale price $1,055,000 $118 Per Sq Ft

19 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Baseboard Heating
  • Prospect High School Rated A+
  • Central Heating

About This Home

As of July 2022

Rare 9-unit building with upside potential !!! Income could be $135,600 (market rent) ** Clean & well-maintained ** Solid construction ** 8 2-BR, 1-bath units/1 1-BR, 1-bath unit ** All new roof including shingles, wood decking & trusses ** Some windows replaced ** Some units updated ** Newer hot water heater ** Extra large units with eat-in kitchens & LR/DR combo ** Storage for each unit & laundry room with W&D ** Private assigned parking for 18 cars ** "Other Expense" is association fee ** Great rental location adjacent to park, walk to Fitness/Recreation Ctr, close to shopping, restaurants & easy access to new Elmhurst Rd/I-90 interchange **

Last Agent to Sell the Property

Richard Dawidiuk

REMAX Legends License #475134041 Listed on: 04/30/2022

REMAX Legends

Last Buyer's Agent

Marina Kando

Baird & Warner License #475140804

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,347

Year Built

  • Built in 1974

Lot Details

  • 16,789 Sq Ft Lot
  • Lot Dimensions are 118 x 142
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 8,941 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 9 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include insurance, lawn care, scavenger, snow removal
  • 9 Units

Building Details

  • Electric Expense $705
  • Fuel Expense $4,500
  • Insurance Expense $3,000
  • Other Expense $5,160
  • Water Sewer Expense $10,000
  • Operating Expense $51,712
  • Gross Income $118,980
  • Net Operating Income $69,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,347

Year Built

Built in 1974

Lot Details

0.39 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • 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
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 17
  • Misc Inside: Inside Corridor/s,Storage Inside,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 9
  • Ranges: 9
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Courtyard

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Assigned Spaces,Paved,Private Lot

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Association Fee Includes: Insurance, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 10000

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.38
  • Lot Dimensions: 118 X 142
  • Lot Size Sq Ft: 16789
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 8941

Multi Family

  • Net Operating Income: 69668
  • Fuel Expense: 4500
  • Insurance Expense: 3000
  • ElectricExpense: 705
  • GrossIncome: 118980
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 51712
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 28347
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $1,055,000 -7.0% $118 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/01/2022 05/01/22 For Sale $1,135,000 -- $127 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $15,242 $98,641 $14,699 $83,942
2024 $15,242 $58,498 $12,249 $46,249
2023 $15,261 $61,000 $12,249 $48,751
2022 $15,261 $61,000 $12,249 $48,751
2021 $18,058 $63,198 $7,961 $55,237
2020 $17,574 $63,198 $7,961 $55,237
2019 $18,148 $71,816 $7,961 $63,855
2018 $11,320 $39,648 $6,736 $32,912
2017 $11,214 $39,648 $6,736 $32,912
2016 $10,543 $39,648 $6,736 $32,912
2015 $12,839 $45,061 $5,512 $39,549
2014 $12,627 $45,061 $5,512 $39,549
2013 $12,329 $45,061 $5,512 $39,549
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11390821

Midwest Real Estate Data (MRED)
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