NOT LISTED FOR SALE

Estimated Value: $278,000 - $289,000

6 Beds
2 Baths
-- Sq Ft
6,621 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $250,000

Est. 14% increase in value since last sale

Current estimated payment $2,076/month

69 Days on Market

About This Home

As of May 2024

2-flat Unit in close proximity to Fox River, shopping, expressways, schools, and parks. This property needs some updates and repairs and is sold in AS-IS condition. If you don't mind taking on a fixer-upper, it's a great opportunity to pick up a steady income-producing property at a good price. The Cap Rate (return based on the net operating income/sale price) is 9.92% which is extremely high. Rent Roll and expenses are available upon request.

Last Agent to Sell the Property

Lexie Lyons

Executive Realty Group LLC License #475142239 Listed on: 03/08/2024

Executive Realty Group LLC

Last Buyer's Agent

Juan Raul Diaz

Realty of America, LLC License #475210828

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,914

Year Built

  • Built in 1914

Lot Details

  • 6,621

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Parking Space is Owned

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 70x94
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $200
  • Gross Income $33,600
  • Net Operating Income $25,786

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,914

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 260000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 3
  • ParkingTotal: 5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Other Expenses $: 200

Schools

  • Middle/Junior School District: 129

Lot Info

  • Lot Dimensions: 70X94
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 25786
  • Insurance Expense: 1500
  • GrossIncome: 33600
  • Maintenance Expense: 200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5913.9
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 14, 2024
Sold by
Chao Jim Jingfu and Hong Zhou
Bought by
Diaz Juan R
Seller's Agent
Lexie Lyons
Executive Realty Group LLC
Buyer's Agent
Juan Raul Diaz
Realty of America, LLC
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Views
1
Current Estimated Value
$284,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,072
Avg. Annual Appreciation
10.24%
Original Mortgage
$237,500
Outstanding Balance
$234,672
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$49,400

Purchase Details

Closed on
Aug 1, 2011
Sold by
Martinez Jorge
Bought by
Chao Jim Jingfu and Chao Hong Zhou

Purchase Details

Closed on
May 10, 2005
Sold by
Nunez Miguel and Nunez Aurora
Bought by
Martinez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,800
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Diaz Juan R $250,000 Old Republic Title
Chao Jim Jingfu $55,000 Accredited Title Services
Martinez Jorge $204,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Juan R $237,500
Previous Owner Martinez Jorge $193,800
Previous Owner Nunez Miguel $110,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2024 05/18/24 Pending -- -- --
05/17/2024 05/17/24 Sold $250,000 -3.8% --
03/08/2024 03/08/24 For Sale $260,000 -- --
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
2024 $6,489 $81,950 $4,771 $77,179
2023 $6,272 $73,222 $4,263 $68,959
2022 $5,914 $66,809 $3,890 $62,919
2021 $5,683 $62,200 $3,622 $58,578
2020 $5,409 $57,774 $3,364 $54,410
2019 $5,301 $54,211 $3,117 $51,094
2018 $5,067 $50,756 $2,883 $47,873
2017 $4,813 $46,764 $2,656 $44,108
2016 $4,550 $42,834 $2,530 $40,304
2015 -- $37,602 $2,176 $35,426
2014 -- $37,264 $2,093 $35,171
2013 -- $40,962 $4,126 $36,836
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11999437

Midwest Real Estate Data (MRED)

APN: 15-15-354-026