NOT LISTED FOR SALE
6 Beds
5 Baths
2,798 Sq Ft
0.36 Acres

Last Sold February 12, 2021

Last sale price $409,000 $146 Per Sq Ft

4 Days on Market

Highlights

  • Central Heating
  • River Valley School Rated A-
  • Hot Water Heating System

About This Home

As of February 2021

Great Investment Property. Building has been well maintained. 3 of the 5 units (all 1 bedrooms) have been remodeled recently with new paint, carpet and appliances. 1 unit needs some updating (2br) as the tenant has been there for 20+ years and rent is well below market. The 5th unit is a studio and is in good shape. The building overall is in nice shape but this is an estate and, as such, is being sold in as-is condition. All units are on leases with end dates between November 30 and December 31 2021

Last Agent to Sell the Property

John Gillespie

RE/MAX Action License #475079704 Listed on: 01/11/2021

RE/MAX Action

Co-Listed By

Karen Alexa-Gillespie

RE/MAX Action License #475089742

Last Buyer's Agent

Marcin Chojnacki

Citypoint Illinois LLC License #471019141

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,427

Year Built

  • Built in 1943

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 73x213
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Gable Roof Shape
  • Block Foundation
  • Wood Frame Construction
  • Composition Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,798 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,246
  • Fuel Expense $1,595
  • Insurance Expense $4,239
  • Maintenance Expense $1,500
  • Other Expense $1,600
  • Trash Expense $1,026
  • Water Sewer Expense $2,221
  • Operating Expense $22,854
  • Gross Income $52,500
  • Net Operating Income $29,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,427

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1943
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Possible Use: Multi-Family, Single Family
  • Basement Description: Partially Finished
  • Fire Protection: Fire Extinguisher/s
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding
  • Roof Structure: Gable

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water to Site
  • Heat/Ventilation: Central Bldg Heat,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1026
  • Water Sewer Expenses: 2221
  • Operating Expense Includes: Maintenance Grounds,Snow Removal

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.36
  • Lot Dimensions: 73X213
  • Lot Size Sq Ft: 15549
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks
  • Alternate Phone Number: (630) 514-7147

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 2798

Multi Family

  • Net Operating Income: 29646
  • Fuel Expense: 1595
  • Insurance Expense: 4239
  • ElectricExpense: 1246
  • GrossIncome: 52500
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 22854
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9427
  • Tax Year: 2019
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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
02/12/2021 02/12/21 Sold $409,000 +4.9% $146 / Sq Ft
01/16/2021 01/16/21 For Sale $389,900 -4.7% $139 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/14/2021 01/14/21 Off Market $409,000 -- --
01/11/2021 01/11/21 For Sale $389,900 -- $139 / Sq Ft
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: 10967747

Midwest Real Estate Data (MRED)