NOT LISTED FOR SALE

702 Rogers St Downers Grove, IL 60515

Estimated Value: $155,000 - $287,000

10 Beds
10 Baths
5,320 Sq Ft
$37/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $1,150,000 $216 Per Sq Ft

Current estimated payment $1,270/month

6 Days on Market

About This Home

As of July 2024

Very well maintained multi family income property in a desirable infill location in west Suburban Downers Grove. Located just east of Main St. & west of Fairview Ave, walking distance to two train stations and the Downtown Central Business Dist. This all brick updated building features 5-2 bedroom, 2 bath units with front courtyards for each unit. On site parking for 5 cars and 5 cars off site across the street. All units separately metered for gas, electric and water and each unit has its own parcel number. Seller financing available.NO SHOWINGS UNLESS OFFER/LOI SUBMITTED FIRST. Do not disturb tenants.

Last Agent to Sell the Property

Mark Butler

Mark Butler Properties - MBKB LLC License #471020278 Listed on: 05/10/2024

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,830

Year Built

  • Built in 1959

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,320 Sq Ft Home
  • 1-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $2,700
  • Trash Expense $1,850
  • Operating Expense $17,905
  • Gross Income $92,592
  • Net Operating Income $74,687

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,830

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 1
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Fireplaces: 5
  • Dishwashers: 5
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 5
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 1250000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Forced Air

Fee Information

  • Trash Expense: 1850
  • Janitor Expense: 0
  • Operating Expense Includes: Maintenance Grounds

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50X150
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 20
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5320

Multi Family

  • Net Operating Income: 74687
  • Insurance Expense: 2700
  • GrossIncome: 92592
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 17905
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 11830
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2015
Sold by
Petroff Ginger
Bought by
Healthcare Capital Group Llc
Current Estimated Value
$198,862

Purchase Details

Listed on
Mar 21, 2014
Closed on
Jan 23, 2015
Sold by
Henry Ruth A and Daclan Charles
Bought by
Petroff Ginger
Seller's Agent
Melissa Murphy-Hainault
Casey & Wagner Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%

Purchase Details

Closed on
Jun 22, 2007
Sold by
Rogers Street Condo Llc
Bought by
Henry Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,400
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2005
Sold by
Owens Gary R and Owens Val L
Bought by
Kurien Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
Healthcare Capital Group Llc -- Attorney
Petroff Ginger $100,000 Fidelity National Title
Henry Ruth A $260,500 Rtc
Kurien Roy $592,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henry Ruth A $208,400
Previous Owner Kurien Roy $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $1,150,000 -8.0% $216 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $1,250,000 +1150.0% $235 / Sq Ft
02/12/2015 02/12/15 Sold $100,000 -9.1% $99 / Sq Ft
12/30/2014 12/30/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $110,000 0.0% $109 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $110,000 0.0% $109 / Sq Ft
07/08/2014 07/08/14 Price Changed $110,000 +10.0% $109 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $100,000 -- $99 / Sq Ft
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 $2,582 $45,100 $6,777 $38,323
2023 $2,465 $41,460 $6,230 $35,230
2022 $2,367 $40,210 $6,040 $34,170
2021 $2,216 $39,750 $5,970 $33,780
2020 $2,177 $38,960 $5,850 $33,110
2019 $2,111 $37,380 $5,610 $31,770
2018 $2,095 $36,650 $5,500 $31,150
2017 $2,031 $35,260 $5,290 $29,970
2016 $1,640 $33,650 $5,050 $28,600
2015 $1,709 $33,330 $5,000 $28,330
2014 $1,976 $36,660 $13,340 $23,320
2013 $3,833 $66,400 $13,280 $53,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12052879

Midwest Real Estate Data (MRED)

APN: 09-08-232-001