NOT LISTED FOR SALE

648 Pasadena Ave Beecher, IL 60401

21 Beds
12 Baths
-- Sq Ft
0.9 Acres

Last Sold January 02, 2024

Last sale price $1,050,000

46 Days on Market

Highlights

  • 0.9 Acre Lot
  • Beecher Elementary School Rated 9+
  • Heating Available

About This Home

As of January 2024

BEAUTIFUL 12 Unit in Beecher, IL. This building is located on a quiet residential street. There are 9 (2 Bed/1 Bath) Units, and 3 (1 Bed/1 Bath Units). The building is all electric building with the tenants paying their own heat. The landlord pays for the common area electric, water heaters, the water bill, and the garbage. The units are large, and each has a balcony or patio area with slider door. The Roof, Windows, and lower level slider doors have been replaced in 2022. A few units have had recently upgrades to kitchen and bath areas, and flooring. There are 6 garages, 1 being occupied by landlord, 1 being rented by out of building renter, and the rest being included in some of the tenants rent. There are multiple laundry rooms on site, 2 parking spots per unit.

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 10/04/2023

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 10/04/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,528

Year Built

  • Built in 1983

Lot Details

  • 0.9 Acre Lot
  • Lot Dimensions are 215x200
  • Additional Parcels

Home Design

  • Garden Apartment
  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 12 Bathrooms

Additional Features

  • 2-Story Property
  • Heating Available

Listing and Financial Details

  • Tenant pays for heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $3,633
  • Insurance Expense $6,970
  • Maintenance Expense $3,850
  • Other Expense $1,575
  • Trash Expense $1,124
  • Water Sewer Expense $10,586
  • Operating Expense $50,267
  • Gross Income $137,580
  • Net Operating Income $87,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,528

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1983
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 21
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Composition
  • Roof Structure: Pitched

Utilities

  • Heat/Ventilation: Electric

Fee Information

  • Trash Expense: 1124
  • Water Sewer Expenses: 10586

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.9
  • Lot Dimensions: 215X200

Rental Info

  • Tenant Pays: Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 87813
  • Insurance Expense: 6970
  • ElectricExpense: 3633
  • GrossIncome: 137580
  • Maintenance Expense: 3850
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 50267
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 22528
  • Tax Year: 2021
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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 Prior Sale
01/02/2024 01/02/24 Sold $1,050,000 -12.5% --
11/20/2023 11/20/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $1,200,000 +52.9% --
06/14/2019 06/14/19 Sold $785,000 -1.8% -- View Prior Sale
05/07/2019 05/07/19 Pending -- -- --
03/18/2019 03/18/19 Price Changed $799,000 -3.2% --
08/22/2018 08/22/18 Price Changed $825,000 -3.4% --
07/08/2018 07/08/18 Price Changed $854,000 -1.3% --
06/11/2018 06/11/18 For Sale $865,000 -- --
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: 11900767

Midwest Real Estate Data (MRED)