NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1961 Built

Last Sold May 16, 2024

Last sale price $1,000,000

9 Days on Market

About This Home

As of May 2024

WOW!!! Rarely available Rosemary Lane, Niles well-maintained 6-unit brick building on quiet cul-de-sac next to forest preserve with hiking and biking trails. Five 2-bedroom, one 1-bedroom, hardwood floors in four units. 1-car parking for each apartment at back of building. Baseboard heat. Storage lockers, laundry room and backyard grassy area. Windows, fascia and gutters have been replaced. New roof and boiler in 2020 and 2021. Newer coin-operated commercial washer and dryer in basement. All units include stove and refrigerator. Long-time owner. Excellent investment opportunity. Average occupancy, 100%. Rents are currently under market and can be significantly increased. Excellent location: Walk to Metra and Niles free bus. Walk to nearby CVS, Starbucks, shops and restaurants. Top-ranked schools. Beautiful property. You don't want to miss this one!! You are going to LOVE IT!

Last Agent to Sell the Property

Gregorio Cirone

xr realty License #471003959 Listed on: 03/11/2024

Last Buyer's Agent

Marek Milewski

xr realty License #475176954

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,205

Year Built

  • Built in 1961

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • 2-Story Property
  • Lot Dimensions are 54 x 147
  • Finished Basement

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $5,050
  • Other Expense $700
  • Trash Expense $1,000
  • Water Sewer Expense $2,669
  • Operating Expense $28,619
  • Gross Income $5,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,205

Year Built

Built in 1961

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: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Basement Description: Finished
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 1080000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1000
  • Water Sewer Expenses: 2669
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54 X 147
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Fuel Expense: 5050
  • ElectricExpense: 800
  • GrossIncome: 5760
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28619
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17204.8
  • Tax Year: 2022

Range of Values:

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Sold Price
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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 Change Sq Ft Price
05/16/2024 05/16/24 Sold $1,000,000 -7.4% --
03/22/2024 03/22/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $1,080,000 -- --
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: 12001823

Midwest Real Estate Data (MRED)