NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold January 08, 2021

Last sale price $475,000

5 Days on Market

Highlights

  • Patio
  • Outdoor Storage
  • Paved or Partially Paved Lot
  • Willowbrook High School Rated A

About This Home

As of January 2021

Well cared for 4 unit building in fantastic Lombard location walking distance to grade school, parks, and the Prairie path. 3 two bedroom units and 1 one bedroom all are in great shape. Building fully leased with a net yearly income of $31,032. Terrific money maker, easy to rent, ample parking.

Last Agent to Sell the Property

Tom Fosnot

J.W. Reedy Realty License #475137941 Listed on: 11/12/2020

Last Buyer's Agent

Frank La Gambina

Earned Run Real Estate Group License #475174893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,899

Year Built

  • Built in 1962

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 70x109x75x107
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Westmore Elementary School
  • Jackson Middle School
  • Willowbrook High School

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $1,571
  • Insurance Expense $1,250
  • Maintenance Expense $850
  • Professional Management Expense $600
  • Trash Expense $1,248
  • Water Sewer Expense $1,490
  • Gross Income $49,200
  • Net Operating Income $31,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,899

Year Built

Built in 1962

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 600
  • Year Built: 1962
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Patio
  • OtherStructures: Storage
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 1248
  • Water Sewer Expenses: 1490
  • Trash Expense Year: 2019

Schools

  • Elementary School: Westmore Elementary School
  • High School: Willowbrook High School
  • Middle/Junior School: Jackson Middle School

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 70X109X75X107
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 31032
  • Fuel Expense: 1571
  • Insurance Expense: 1250
  • ElectricExpense: 360
  • GrossIncome: 49200
  • Maintenance Expense: 850
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9899
  • Tax Year: 2019
  • Tax Exemptions: None
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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
01/08/2021 01/08/21 Sold $475,000 +1.1% --
11/17/2020 11/17/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $469,900 +44.6% --
07/07/2015 07/07/15 Sold $325,000 0.0% -- View Prior Sale
04/28/2015 04/28/15 Pending -- -- --
04/10/2015 04/10/15 Off Market $325,000 -- --
04/02/2015 04/02/15 For Sale $270,000 -16.9% --
02/18/2015 02/18/15 Off Market $325,000 -- --
02/15/2015 02/15/15 For Sale $270,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $12,240 $166,222 $27,111 $139,111
2023 $11,735 $153,710 $25,070 $128,640
2022 $11,050 $146,340 $20,440 $125,900
2021 $10,689 $142,700 $19,930 $122,770
2020 $10,482 $139,570 $19,490 $120,080
2019 $9,899 $132,700 $18,530 $114,170
2018 $9,848 $125,610 $17,540 $108,070
2017 $9,636 $119,690 $16,710 $102,980
2016 $9,552 $112,750 $15,740 $97,010
2015 $9,153 $105,040 $14,660 $90,380
2014 $7,862 $89,730 $27,410 $62,320
2013 $7,734 $91,000 $27,800 $63,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10932120

Midwest Real Estate Data (MRED)

APN: 06-08-405-009

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