NOT LISTED FOR SALE

609 Pasadena Ave Crest Hill, IL 60403

Estimated Value: $261,000 - $724,000

11 Beds
6 Baths
-- Sq Ft
10,019 Sq Ft Lot Lot

Sale Details

Date Sold: August 23, 2023

Last sale price $700,000

Est. 31% decrease in value since last sale

Current estimated payment $3,680 / mo

23 Days on Market

About This Home

As of August 2023

Quality, stabilized brick 6-unit building in Crest Hill, IL. The building features 3 levels of apartments with (5) 2-beds and (1) 1-bed and is all electric meaning lower operating expenses versus other comparable builds. In addition to being well maintained, the roof and windows have been replaced within the past 7 years and the units are in solid, rental grade condition. The property contains 12 parking spaces. Gross income is currently at a healthy $79,200 per year however Crest Hill's rents have been soaring in recent years allowing gross rents to come up to a market rent exceeding $94,000.

Last Agent to Sell the Property

Robert Rixer

Citypoint Illinois LLC License #471021887 Listed on: 06/13/2023

Last Buyer's Agent

Joey Batliner

Listing Leaders Northwest, Inc License #475205754

Listing Leaders Northwest, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,732

Year Built

  • Built in 1976

Lot Details

  • 10,019

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $480
  • Insurance Expense $3,600
  • Other Expense $1,632
  • Trash Expense $1,080
  • Water Sewer Expense $3,000
  • Operating Expense $27,084
  • Gross Income $22,524
  • Net Operating Income $52,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,732

Year Built

Built in 1976

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1976
  • 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: 6
  • Total Bedrooms: 11
  • Room: 0

Utilities

  • Heat/Ventilation: Electric,Baseboard

Fee Information

  • Trash Expense: 1080
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: LESS THAN .25 ACRES

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 52116
  • Insurance Expense: 3600
  • ElectricExpense: 480
  • GrossIncome: 22524
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27084
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9732
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Aug 17, 2023
Sold by
531 Pasadena Ave Llc and 609 Pasadena Ave Llc
Bought by
Anb Properties Llc
Seller's Agent
Robert Rixer
Citypoint Illinois LLC
Buyer's Agent
Joey Batliner
Listing Leaders Northwest, Inc
List Price
$775,000
Sold Price
$700,000
Premium/Discount to List
-$75,000
-9.68%
Views
92
Current Estimated Value
$480,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$219,358
Avg. Annual Appreciation
-12.58%
Original Mortgage
$1,400,000
Outstanding Balance
$834,263
Interest Rate
7.51%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$351,920

Purchase Details

Closed on
May 26, 2023
Sold by
Ignacio Chavez Revocable Trust and Argelia-Chavez Revocable Trust
Bought by
609 Pasadena Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 27, 2017
Sold by
Chavez Ignacio
Bought by
Chavez Ignacio and Ignacio Chavez Revocable Trust

Purchase Details

Closed on
Nov 13, 2009
Sold by
Oakland Apartments Llc
Bought by
Chavez Ignacio
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Anb Properties Llc $1,400,000 None Listed On Document
609 Pasadena Ave Llc $610,000 Fidelity National Title
Chavez Ignacio -- Attorney
Chavez Ignacio -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Anb Properties Llc $1,400,000
Previous Owner 609 Pasadena Ave Llc $915,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2023 08/23/23 Sold $700,000 -9.7% --
07/07/2023 07/07/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $775,000 -- --
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
2024 $12,886 $160,874 $26,873 $134,001
2023 $12,650 $144,424 $24,125 $120,299
2022 $12,094 $132,804 $22,184 $110,620
2021 $11,454 $132,804 $22,184 $110,620
2020 $11,620 $132,804 $22,184 $110,620
2019 $11,664 $132,804 $22,184 $110,620
2018 $11,361 $125,988 $21,045 $104,943
2017 $11,671 $125,988 $21,045 $104,943
2016 $11,644 $125,988 $21,045 $104,943
2015 $11,532 $125,988 $21,045 $104,943
2014 $11,532 $116,655 $19,486 $97,169
2013 $11,532 $116,655 $19,486 $97,169
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Robert Rixer

    Citypoint Illinois LLC

    (312) 983-0519

    3 in this area

    11 Total Sales

    Robert Rixer
    Section Image
  • Joey Batliner

    Buyer's Agent in 2023

    Joey Batliner

    Listing Leaders Northwest, Inc

    (224) 401-9152

    2 in this area

    21 Total Sales

    Joey Batliner
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11807089

Midwest Real Estate Data (MRED)

APN: 11-04-33-104-001

Illinois Will County Crest Hill 60403

609 Pasadena Ave, Crest Hill, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.