NOT LISTED FOR SALE
9 Beds
6 Baths
5,000 Sq Ft
1971 Built

Last Sold August 13, 2021

Last sale price $530,000 $106 Per Sq Ft

43 Days on Market

About This Home

As of August 2021

EXCELLENT INVESTMENT OPPORTUNITY! Located in desirable Tinley Park.....GREAT LOCATION! 6 unit apartment building with plenty of parking. Walk to transportation, shopping, restaurants and olde downtown Tinley Park.

Last Agent to Sell the Property

William Weber

RE/MAX 1st Service License #475129170 Listed on: 05/02/2021

RE/MAX 1st Service

Last Buyer's Agent

Bryan Kasprisin

RE/MAX Professionals Select License #471004157

RE/MAX Professionals Select

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,150

Year Built

  • Built in 1971

Lot Details

  • Lot Dimensions are 54 x 54 x 82 x 87 x 33 x 49 x 13

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $300
  • Fuel Expense $510
  • Insurance Expense $2,184
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • Operating Expense $23,652
  • Gross Income $55,980
  • Net Operating Income $33,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,150

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplaces: 1
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 524900
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 3000
  • Janitor Expense: 400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54 X 54 X 82 X 87 X 33 X 49 X 13
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5000

Multi Family

  • Net Operating Income: 33528
  • Fuel Expense: 510
  • Insurance Expense: 2184
  • ElectricExpense: 300
  • GrossIncome: 55980
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23652
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14150
  • Tax Year: 2019

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

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $530,000 +1.0% $106 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
05/02/2021 05/02/21 For Sale $524,900 -- $105 / Sq Ft
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: 11073428

Midwest Real Estate Data (MRED)