NOT LISTED FOR SALE

606 Iowa Ave Addison, IL 60101

11 Beds
6 Baths
-- Sq Ft
0.27 Acres

Last Sold February 05, 2021

Last sale price $595,000

88 Days on Market

About This Home

As of February 2021

First time on the market in over 20 yrs! Great investment and very easy to rent. Newer roof windows and some minor inprovements in every unit. Great cul-de-sac location with lots of side yard! Huge concrete parking for 12+ cars. Building has many long-term tenants; for that the owner kept rents low however the rents in the area are between $980 to $1050.

Last Agent to Sell the Property

Mark Chereso

Gateway Realty LLC License #471009791 Listed on: 08/23/2020

Last Buyer's Agent

Frank Cincotta

RE/MAX Suburban License #475105166

RE/MAX Suburban

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Cooling System Mounted In Outer Wall Opening

Additional Features

  • Finished Basement

Community Details

  • Fuel Expense $2,288
  • Insurance Expense $1,548

Listing and Financial Details

  • Tenant pays for electric
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 40210
  • Outdoor Parking: 6-12 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Total Annual Exp: 8007
  • Total Annual Income: 57780
  • Total Monthly Income: 4785
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1963
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1963

Interior Features

  • Basement: Finished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.27
  • Construction: Brick
  • Frontage Access: Public Road

Garage/Parking

  • Indoor Parking: Detached
  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Gas, Hot Water, Baseboard
  • Water Expense: 4668

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 371
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: INTEGRAL
  • Lot Sq Ft: 11761
  • Land Amenities: Security Entrance, Sidewalks, Cable Ready
  • Parcel Identification Number: 0333205017

Rental Info

  • Gross Rental Income: 57420
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 2288
  • Gross Rent Multiplier: 10
  • Insurance Expense: 1548
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9203

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $595,000 -3.9% --
11/19/2020 11/19/20 Pending -- -- --
08/23/2020 08/23/20 For Sale $619,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Chereso

    Seller's Agent in 2021

    Mark Chereso

    Gateway Realty LLC

    (773) 719-7732

    1 in this area

    72 Total Sales

    Mark Chereso
    Section Image
  • Frank Cincotta

    Buyer's Agent in 2021

    Frank Cincotta

    RE/MAX Suburban

    (847) 577-9797

    4 in this area

    26 Total Sales

    Frank Cincotta
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10828152

Midwest Real Estate Data (MRED)

Illinois DuPage County Addison 60101

606 Iowa Ave, Addison, IL

This home is located at 606 Iowa Ave, Addison, IL 60101 since 23 August 2020. This property was built in 1963. 606 Iowa Ave is a home located in DuPage County with nearby schools including Ardmore Elementary School, Indian Trail Jr High School, and Addison Trail High School.

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