NOT LISTED FOR SALE

Estimated Value: $912,633 - $1,043,000

6 Beds
3 Baths
2,580 Sq Ft
$377/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2020

Last sale price $517,500 $201 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,004 / mo

33 Days on Market

Highlights

  • Ranch Style House
  • 4-minute walk to Lake Bluff Station
  • Community Pool
  • Lake Bluff Elementary School Rated A
  • Corner Lot
  • 4-minute walk to Village Green

About This Home

As of February 2020

Rare opportunity to own brick ranch 3-flat in downtown East Lake Bluff. all 3 rented. Hardwood flrs, full bsmts, all units updated, with central air, new roof 2011, interior sprinkler sys, 3 units w/washer & dryers, 3 kitchens w/dishwashers.2 tandem parking spaces for each unit. Great location 2 blocks to town, train, shopping. Tenants pay all utilities except water & sewer. 24 hr. notice for occupied tenants. Wonderful, turnkey investment property.

Last Agent to Sell the Property

Bram Chill

@properties Christie's International Real Estate License #475143215 Listed on: 10/11/2019

@properties Christie's International Real Estate

Last Buyer's Agent

Gregg Handrich

Archpoint Property LLC License #471001274

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,637

Year Built

  • Built in 1957

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 52x123
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 6 Parking Spaces
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Lake Bluff Elementary School
  • Lake Bluff Middle School
  • Lake Forest High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Recreation

  • Community Pool

Building Details

  • Gross Income $50,820
  • Net Operating Income $33,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,637

Year Built

Built in 1957

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Fire Sprinklers, CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Street, Side Apron
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Pool, Sidewalks, Street Paved

Schools

  • Elementary School: Lake Bluff Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Lake Bluff Middle School

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 52X123
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 33840
  • GrossIncome: 50820
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 8637.28
  • Tax Year: 2017

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2019
Closed on
Feb 11, 2020
Sold by
702 Oak Llc
Bought by
Seller's Agent
Bram Chill
@properties Christie's International Real Estate
Buyer's Agent
Gregg Handrich
Archpoint Property LLC
List Price
$595,000
Sold Price
$517,500
Premium/Discount to List
-$77,500
-13.03%
Current Estimated Value
$895,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,584
Avg. Annual Appreciation
10.09%
Original Mortgage
$402,750
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 11, 2014
Closed on
Jun 27, 2014
Sold by
Pire Tim and Pire Jane
Bought by
702 Oak Llc
Seller's Agent
Catherine Kendall
@properties Christie's International Real Estate
Buyer's Agent
Bram Chill
@properties Christie's International Real Estate
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.56%
Original Mortgage
$285,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 11, 2014
Closed on
May 6, 2014
Sold by
Walter F Veile Living Trust
Bought by
Pire Tim and Pire Jane
Seller's Agent
Catherine Kendall
@properties Christie's International Real Estate
Buyer's Agent
Bram Chill
@properties Christie's International Real Estate
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1995
Sold by
Veile Walter F and Veile Verena
Bought by
Veile Walter F and Veile Verena
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lake Bluff, IL

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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
$517,500 Proper Title Llc
702 Oak Llc -- Chicago Title Insurance Co
Pire Tim $400,000 Title Resources Guaranty Co
Veile Walter F -- --
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 $472,000
Closed Lake Bluff Flats Llc $402,750
Previous Owner Pire Tim $285,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $517,500 -13.0% $201 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
10/11/2019 10/11/19 For Sale $595,000 -- $231 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax 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.

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
2025 $13,069 $216,791 $106,588 $110,203
2024 $12,754 $189,886 $93,360 $96,526
2023 $12,754 $175,042 $86,062 $88,980
2022 $9,438 $133,420 $65,598 $67,822
2021 $9,110 $132,269 $65,032 $67,237
2020 $8,911 $133,001 $65,392 $67,609
2019 $8,593 $130,560 $64,192 $66,368
2018 $8,709 $135,774 $70,320 $65,454
2017 $8,637 $133,505 $69,145 $64,360
2016 $8,335 $127,075 $65,815 $61,260
2015 $8,278 $119,657 $61,973 $57,684
2014 $7,291 $105,281 $55,639 $49,642
2012 $6,829 $106,195 $56,122 $50,073
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10536243

Midwest Real Estate Data (MRED)

APN: 12-21-104-018

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