NOT LISTED FOR SALE
70 Beds
28 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold October 14, 2020

Last sale price $555,000

11 Days on Market

About This Home

As of October 2020

"SOUTHSHORE BEAUTY" This property has been well maintained . No work is needed . This property comes with a lot that is RM5 OPPORTUNITY ZONE . The lot has the potential to build another 6 flat on it . The tuck pointing job has been done within the last 3 months . The electrical service is 400 AMP service . Each unit has individual circuit breakers . The entire building is completely occupied and all tenants are current in rents . There are 3 subsidized tenants , which are the higher rents . There is room to increase the rents for the other 4 units. . (6) 3 bed 1 bath and (1 ) 1 bed 1 bath . This property receive $7315 Gross Per MO . Property come with a parking pad Minutes away from lakeshore drive , 5 minutes away from the beach , minutes away from the tiger woods golf course . Owner is looking to sell to acquire a larger property. Lets a make a deal !

Last Agent to Sell the Property

Amanda Stapleton

Blue Door Dave Inc License #475165609 Listed on: 07/08/2020

Last Buyer's Agent

Matt Reilly

Fathom Realty IL License #475182859

Fathom Realty IL

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Community Details

  • Fuel Expense $771
  • Insurance Expense $536

Listing and Financial Details

  • Tenant pays for electric, hot water

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Ownership Type: Limited Liability Corp
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Oper Income: 5127
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 200
  • Roof Structure: Flat
  • Scavenger Expense: 112
  • Total Annual Exp: 26246
  • Total Annual Income: 61527
  • Total Monthly Income: 7315
  • Number of Ranges: 7
  • Number Of Refrigs: 7
  • Number Of Stories: 3
  • Estimated Year Built: 1982
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1982

Exterior Features

  • Foundation: Brick, Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.16
  • Construction: Brick, Concrete

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 5

Utilities

  • Heatventilation: Radiators
  • Water Expense: 262

Condo/Co-op/Association

  • Units in Building: 7

Fee Information

  • Electricity Expense: 112
  • Electrical Service: Fuses, Separate Meters
  • Janitor Expense: 212

Lot Info

  • Lot Dimensions: 7135
  • Parcel Identification Number: 20251220180000

Rental Info

  • Gross Rental Income: 87780
  • Tenant Pays: Electric, Hot Water

Multi Family

  • Fuel Expense: 771
  • Gross Rent Multiplier: 11
  • Insurance Expense: 536

Tax Info

  • Taxes: 4493.25

Range of Values:

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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 List to Sale Price per Sq Ft
10/14/2020 10/14/20 Sold $555,000 -0.9% --
07/19/2020 07/19/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $560,000 -- --
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: MRD10773423

Midwest Real Estate Data (MRED)

APN: 20251220180000