NOT LISTED FOR SALE

Estimated Value: $175,000 - $230,000

15 Beds
8 Baths
-- Sq Ft
7,667 Sq Ft Lot

Last Sold May 21, 2019

Last sale price $1,040,000

Current estimated payment $1,301/month

228 Days on Market

About This Home

As of May 2019

This is a very nice, solid income generating brick 8 unit that was gut rehabbed to condo's in 2007. Finishes include Stainless appliances, Granite counter-tops and hardwood floors throughout. All of the plumbing and electric was also upgraded during the rehab and each of the units have separate furnaces and Ac Units and are separately metered for gas and electric. The units also each have separate washers and dryers. This property is convenient to public transport, Evanston and the Lake. Investors will not be disappointed.

Last Agent to Sell the Property

John OBrien

Real People Realty License #475158500 Listed on: 08/23/2018

Last Buyer's Agent

Albert Knott

Pearson Realty Group License #475157897

Pearson Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,879

Year Built

  • 1950

Lot Details

  • 7,667

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Air

Community Details

  • Fuel Expense $450
  • Insurance Expense $5,800

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,879

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Condominium, Residential-Multi-Family
  • Ownership Type: Limited Partnership
  • Utilities To Site: Sanitary Sewer to Site, Sewer-Storm Available, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: New Rehab
  • Net Operating Income Year: 2018
  • Net Oper Income: 75655
  • Outdoor Parking: 1-5 Spaces, Assigned Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 2140
  • Roof Structure: Flat
  • Scavenger Expense: 2200
  • Total Annual Exp: 35085
  • Total Annual Income: 110000
  • Total Monthly Income: 9415
  • Number Of Disposals: 8
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 3
  • Estimated Year Built: 1950
  • Type Multi Family: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1950

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Air Conditioner: Central Air, Central Individual
  • Heatventilation: Central Heat/Indiv Controls, Gas, Separate Per Unit
  • Water Expense: 4000

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 550
  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps
  • Janitor Expense: 2140

Lot Info

  • Lot Dimensions: 50 X 130
  • Lot Sq Ft: 6500
  • Parcel Identification Number: 11303231061007

Rental Info

  • Gross Rental Income: 113000
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 450
  • Insurance Expense: 5800
  • Other Expenses: 4360
  • Number Of Dishwashers: 8
  • Number Of Dryers: 8
  • Number Of Washers: 8

Tax Info

  • Taxes: 14000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2018
Closed on
May 21, 2019
Sold by
Aktas Melten and Aktas Melterm N
Bought by
7226 Rogers Ave Llc
Seller's Agent
John OBrien
Real People Realty
Buyer's Agent
Albert Knott
Pearson Realty Group
List Price
$1,100,000
Sold Price
$1,040,000
Premium/Discount to List
-$60,000
-5.45%
Current Estimated Value
$201,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$838,468
Avg. Annual Appreciation
-22.49%
Original Mortgage
$721,000
Interest Rate
5.12%
Mortgage Type
Commercial
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
7226 Rogers Ave Llc $527,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 7226 Rogers Ave Llc $721,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2019 05/21/19 Sold $1,040,000 -5.5% --
04/08/2019 04/08/19 Pending -- -- --
03/16/2019 03/16/19 For Sale $1,100,000 +5.8% --
03/05/2019 03/05/19 Off Market $1,040,000 -- --
01/21/2019 01/21/19 Price Changed $1,100,000 -4.3% --
11/21/2018 11/21/18 Price Changed $1,150,000 -4.1% --
09/24/2018 09/24/18 Price Changed $1,199,000 -4.1% --
08/23/2018 08/23/18 For Sale $1,250,000 -- --
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
2023 $2,879 $14,000 $1,492 $12,508
2022 $2,879 $14,000 $1,492 $12,508
2021 $2,815 $13,999 $1,492 $12,507
2020 $1,503 $6,746 $1,202 $5,544
2019 $1,511 $7,520 $1,202 $6,318
2018 $1,485 $7,520 $1,202 $6,318
2017 $1,761 $8,179 $1,077 $7,102
2016 $1,856 $9,269 $1,077 $8,192
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10061386

Midwest Real Estate Data (MRED)

APN: 11-30-323-106-1007