NOT LISTED FOR SALE

6012 S Archer Rd Summit, IL 60501

10 Beds
6 Baths
-- Sq Ft
1965 Built

Last Sold July 31, 2018

Last sale price $380,000

434 Days on Market

About This Home

As of July 2018

Presently 2 units available to show. Listing agent must be present for showings. Proof of funds for all showings required. Bank letter is sufficient. Newer windows throughout. Newer Roof. Newer Boiler. Tenants supply their own refrigerators. Parking in rear of building off alley plus additional street parking in front of building. Unit #1 all redone. Unit #4 all redone.

Last Agent to Sell the Property

Joseph Kaput

SMJ Realty Group Inc. Listed on: 02/14/2017

Last Buyer's Agent

Nina Siczek

Chicagoland Brokers, Inc.

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,400

Year Built

  • Built in 1965

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 40x123
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $400
  • Fuel Expense $4,400
  • Insurance Expense $2,000
  • Maintenance Expense $200
  • Trash Expense $840
  • Water Sewer Expense $2,350
  • Operating Expense $25,443
  • Gross Income $57,000
  • Net Operating Income $30,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,400

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: Listing Agent Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 2
  • Ranges: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Common Parking,Private Lot,Other

Utilities

  • Heat/Ventilation: Hot Water

Fee Information

  • Trash Expense: 840
  • Water Sewer Expenses: 2350

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X123
  • Zoning: MULTI
  • Alternate Phone Number: (708) 772-2606

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 30157
  • Fuel Expense: 4400
  • Insurance Expense: 2000
  • ElectricExpense: 400
  • GrossIncome: 57000
  • Maintenance Expense: 200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25443
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15400
  • Tax Year: 2017
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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
07/31/2018 07/31/18 Sold $380,000 -2.5% --
04/24/2018 04/24/18 Pending -- -- --
03/24/2018 03/24/18 For Sale $389,900 0.0% --
08/07/2017 08/07/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $389,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $12,791 $36,508 $3,467 $33,041
2024 $12,791 $36,508 $3,467 $33,041
2023 $8,507 $36,508 $3,467 $33,041
2022 $8,507 $19,719 $2,989 $16,730
2021 $8,279 $19,718 $2,988 $16,730
2020 $8,476 $19,718 $2,988 $16,730
2019 $12,849 $27,949 $2,749 $25,200
2018 $12,426 $27,949 $2,749 $25,200
2017 $14,625 $32,940 $2,749 $30,191
2016 $8,386 $17,756 $2,391 $15,365
2015 $9,008 $19,681 $2,391 $17,290
2014 $8,816 $19,681 $2,391 $17,290
2013 $7,311 $18,176 $2,391 $15,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09503778

Midwest Real Estate Data (MRED)