Seller's Agent in 2022
Ronald Ohr
Avenue 1 Realty Group
(312) 719-9090
1 in this area
127 Total Sales
7225 Division St River Forest, IL 60305
10
Beds
10
Baths
8,000
Sq Ft
7,405
Sq Ft Lot
Highlights
- Laundry Room
- Willard Elementary School Rated A
- 2-minute walk to Priory Park
About This Home
As of December 2022AN INVESTORS DREAM BUILDING! FULLY OCCUPIED 10 UNIT CALIFORNIA STYLE APARTMENT BUILDING LOCATED IN DESIRABLE RIVER FOREST. BUILDING CONSISTS OF (10) 1 BEDROOM, 1 BATH UNITS, SIX INCOME PRODUCING PARKING SPACES (5 GARAGE AND 1 SURFACE). UNITS FEATURE A MIXTURE OF HARDWOOD AND TILE FLOORING, WHITE APPLIANCES AND NEWER KITCHEN CABINETS. ON SITE COIN OPERATED LAUNDRY AND STORAGE. TENANTS PAY HEAT, GAS AND ELECTRIC. PROPERTY IS PROFESSIONALLY MANAGED. BUILDING IS LOCATED STEPS TO DOMINICAN AND CONCORDIA UNIVERSITIES. CLOSE TO METRA, GREEN LINE AND BUS SERVICE. MANY PARKS, SHOPS AND RESTURANTS. PROPERTY PROVIDES AN INVESTOR WITH THE OPPORTUNITY TO RAISE RENTS OVERALL BY AN AVERAGE OF 5% IN ITS CURRENT CONDITION. WON'T LAST!
Last Agent to Sell the Property
Avenue 1 Realty Group License #471020729 Listed on: 08/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,870
Year Built
- Built in 1964
Lot Details
- 7,484 Sq Ft Lot
- Lot Dimensions are 61x123
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 8,000 Sq Ft Home
- 2-Story Property
- Laundry Room
- Unfinished Basement
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $717
- Fuel Expense $585
- Insurance Expense $4,200
- Maintenance Expense $3,700
- Manager Expense $6,655
- Other Expense $6,520
- Trash Expense $3,550
- Water Sewer Expense $3,547
- Operating Expense $61,344
- Gross Income $133,109
- Net Operating Income $71,765
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2022 12/22/22 | Sold | $1,250,000 | 0.0% | $156 / Sq Ft |
| 08/17/2022 08/17/22 | Pending | -- | -- | -- |
| 08/12/2022 08/12/22 | For Sale | $1,250,000 | -- | $156 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $34,023 | $124,281 | $11,415 | $112,866 |
| 2024 | $34,023 | $124,281 | $11,415 | $112,866 |
| 2023 | $33,868 | $124,281 | $11,415 | $112,866 |
| 2022 | $33,868 | $104,882 | $18,713 | $86,169 |
| 2021 | $32,617 | $104,880 | $18,712 | $86,168 |
| 2020 | $31,870 | $104,880 | $18,712 | $86,168 |
| 2019 | $17,567 | $56,589 | $11,976 | $44,613 |
| 2018 | $16,631 | $56,589 | $11,976 | $44,613 |
| 2017 | $16,571 | $56,589 | $11,976 | $44,613 |
| 2016 | $20,545 | $63,864 | $11,601 | $52,263 |
| 2015 | $20,183 | $63,864 | $11,601 | $52,263 |
| 2014 | $18,487 | $63,864 | $11,601 | $52,263 |
| 2013 | $17,575 | $62,289 | $11,601 | $50,688 |
Source: Public Records
Agents Affiliated with this Home
-
Ronald Ohr
-
Dean Pelafas
D
Buyer's Agent in 2022
Dean Pelafas
Ariston Realty Corporation
(708) 837-8969
3 in this area
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11490037
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Based on information submitted to the MLS GRID
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