NOT LISTED FOR SALE

632 Edwards Ave West Dundee, IL 60118

Estimated Value: $815,000 - $855,465

9 Beds
6 Baths
-- Sq Ft
0.55 Acres

Last Sold August 02, 2022

Last sale price $719,000

Est. 17% increase in value since last sale

Current estimated payment $6,169/month

4 Days on Market

Highlights

  • 0.55 Acre Lot
  • Dundee Highlands Elementary School Rated A-
  • Central Heating

About This Home

As of August 2022

Well maintained fully occupied 6 unit apartment building with 4 one bedroom & 2 two bedroom units. Very well cared for building. Coin operated washer and dryer and tenant storage in basement. Great location with shopping, restaurants, and easy access to the tollway.

Last Agent to Sell the Property

Nathan Stillwell

john greene, Realtor License #475147609 Listed on: 05/06/2022

john greene, Realtor

Last Buyer's Agent

Jayesh Parekh

ARNI Realty Incorporated License #475149245

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,814

Year Built

  • Built in 1970

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 54x50x162x180x222

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,696
  • Maintenance Expense $829
  • Operating Expense $28,847
  • Gross Income $49,252
  • Net Operating Income $20,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,814

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • List Price: 719000
  • Exterior Building Type: Brick

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.55
  • Lot Dimensions: 54X50X162X180X222
  • Lot Size Sq Ft: 24320
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 20944
  • Insurance Expense: 1696
  • GrossIncome: 49252
  • Maintenance Expense: 829
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28847
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 15814
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Jul 28, 2022
Sold by
Chrome Horse Properties Llc
Bought by
Jeyaa Realty Llc
Seller's Agent
Nathan Stillwell
john greene, Realtor
Buyer's Agent
Jayesh Parekh
ARNI Realty Incorporated
List Price
$719,000
Sold Price
$719,000
Current Estimated Value
$837,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,866
Avg. Annual Appreciation
5.01%

Purchase Details

Listed on
Aug 7, 2019
Closed on
Dec 16, 2019
Sold by
Khan Salma and Ahmad And Salma Khan Family Tr
Bought by
Chrome Horse Properties Llc
Seller's Agent
Sabir Siddique
Charles Rutenberg Realty of IL
Buyer's Agent
Nathan Stillwell
john greene, Realtor
List Price
$595,000
Sold Price
$545,000
Premium/Discount to List
-$50,000
-8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$408,750
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2007
Sold by
Khan Ahmad R and Khan Salma
Bought by
Khan Ahmad R and Khan Salma

Purchase Details

Closed on
Aug 30, 2006
Sold by
Khan Ahmad R
Bought by
Khan Ahmad R and Khan Salma

Purchase Details

Closed on
Aug 29, 2006
Sold by
Union National Bank
Bought by
Khan Ahmad R
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Jeyaa Realty Llc $755,000 --
Chrome Horse Properties Llc $545,000 First American Title
Khan Ahmad R -- None Available
Khan Ahmad R -- Pntn
Khan Ahmad R $586,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chrome Horse Properties Llc $408,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2022 08/02/22 Sold $719,000 0.0% --
05/11/2022 05/11/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $719,000 +31.9% --
12/16/2019 12/16/19 Sold $545,000 -6.8% --
09/24/2019 09/24/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $585,000 -1.7% --
08/07/2019 08/07/19 For Sale $595,000 -- --
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
2023 $18,025 $210,634 $57,153 $153,481
2022 $16,331 $185,366 $57,153 $128,213
2021 $15,815 $175,022 $53,964 $121,058
2020 $15,545 $171,087 $52,751 $118,336
2019 $15,098 $162,414 $50,077 $112,337
2018 $13,947 $146,233 $59,862 $86,371
2017 $13,345 $136,794 $55,998 $80,796
2016 $13,635 $132,450 $54,220 $78,230
2015 -- $124,110 $50,806 $73,304
2014 -- $104,942 $42,959 $61,983
2013 -- $108,154 $44,274 $63,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11396049

Midwest Real Estate Data (MRED)

APN: 03-27-251-020