NOT LISTED FOR SALE

604 N Ardmore Ave Villa Park, IL 60181

10 Beds
6 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold April 19, 2023

Last sale price $700,000

Highlights

  • Central Heating
  • Willowbrook High School Rated A
  • Hot Water Heating System

About This Home

As of April 2023

This solid brick building will be a solid investment for your portfolio. Meticulously managed and maintained by the owners. This 6 unit building is highly profitable and ready for you to take over as the new owner. Driveway seal coated in 2021. New sewer line to the street in 2020. New electrical panels in 2017. Rubberized roof installed in 2014 and found to be in good condition upon inspection in 2022. Batter backup sump pump installed in 2017. Tenants pay electric and the gas bill in this building. Close to shopping, North Ave and Villa Park train station. Gross rents were $67,049 in 2022. Owner is selling 550 N Ardmore as well. Based on interest in these properties you will want to move quickly to snare this great investment property from others.

Last Agent to Sell the Property

John Wright

Keller Williams Premiere Properties License #475131980 Listed on: 03/03/2023

Keller Williams Premiere Properties

Last Buyer's Agent

Chris Czarnowski

Earned Run Real Estate Group License #475174914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,006

Year Built

  • Built in 1961

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 52x151

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $537
  • Fuel Expense $4,436
  • Insurance Expense $4,401
  • Maintenance Expense $2,921
  • Other Expense $4,523
  • Trash Expense $1,349
  • Water Sewer Expense $4,718
  • Operating Expense $37,654
  • Gross Income $66,874
  • Net Operating Income $29,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,006

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 4
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 725000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat,Hot Water

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1349
  • Water Sewer Expenses: 4718
  • Janitor Expense: 882
  • Operating Expense Includes: Fuel,Insurance,Legal,Maintenance,Maintenance Grounds,Pest Control,Snow Removal,Supplies,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax,Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 52X151
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 29395
  • Fuel Expense: 4436
  • Insurance Expense: 4401
  • ElectricExpense: 537
  • GrossIncome: 66874
  • Maintenance Expense: 2921
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 37654
  • Expense Year: 2022
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 14006
  • Tax Year: 2021

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
04/19/2023 04/19/23 Sold $700,000 -3.4% --
03/04/2023 03/04/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $725,000 -- --
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: 11728506

Midwest Real Estate Data (MRED)