NOT LISTED FOR SALE

Estimated Value: $2,169,520

19 Beds
4 Baths
12,000 Sq Ft
$181/Sq Ft Est. Value

Sale Details

Date Sold: January 10, 2022

Last sale price $1,645,500 $137 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $14,742 / mo

15 Days on Market

About This Home

As of January 2022

This 7 unit building has excellent cash flow with potential to increase as some of the units are currently below market rental rates. There are 5 three bedroom units and 2 two bedroom units. All units are on leases. Units and building are well maintained with open floor plan concept. Each unit lower level has a private two car garage with a family room and utility room. Second levels have open kitchen, dining and living area plus a half bath and laundry. Third levels have either two or three bedrooms with one master bath and 2nd full bath. Private fenced backyard for use by all tenants. Great location and easy access to all expressways, transportation and shopping. Excellent schools.

Last Agent to Sell the Property

Jason Hinsley

Re/Max Metropolitan LLC License #471022502 Listed on: 11/24/2021

Co-Listed By

Brian Brennan

@properties Christie's International Real Estate License #471011164

Last Buyer's Agent

Tania Mihaylova

REMAX Legends License #475137036

REMAX Legends
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Property Details

Home Type

  • Multi-Family

Year Built

  • 2006

Lot Details

  • 0.43

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Flat Roof Shape

Additional Features

  • Partial Sprinkler System
  • Property is near forest
  • Forced Air Heating System

Property Details

Home Type

Multi-Family

Year Built

2006

Lot Details

0.43 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Property Type: Commercial Sale
  • Property Sub Type: Condo/Townhouse
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 7-15 Years
  • CapRate: 5.4
  • Co List Office Mls Id: MRD26537
  • Co List Office Phone: (708) 447-7207
  • Directions: Harlem Avenue to Ogden west to Property.
  • Lot Size: 18782
  • Building Stories: 3
  • Actual Status: Closed
  • Special Features: None
  • Stories: 3
  • Year Built: 2006

Interior Features

  • Basement Description: None
  • Fire Protection: Partially Sprinklered
  • Fireplaces: 7
  • Drive-In Doors: 7
  • Dishwashers: 7
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 7

Exterior Features

  • Exterior Building Type: Brick,Stucco
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Security Lighting,Storms and Screens (as exist)
  • Construction Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 13-18 Spaces
  • Total Parking Spaces: 14

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: Yes
  • Electric: Circuit Breakers

Condo/Co-op/Association

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

Fee Information

  • Operating Expense Includes: Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Snow Removal,Trash,Real Estate Tax
  • Trash Expense: 1762

Lot Info

  • Additional Parcels: No
  • Current Use: Multi-Family
  • Lot Size Sq Ft: 18782
  • Zoning: MULTI

Rental Info

  • Board Number: 10
  • Tenancy Type: Leases
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer

Building Info

  • Building Unit Info: Fire Alarm,No Units Furnished,Smoke/Alarm Detector,Sprinkler System,Storage/Locker Area

Multi Family

  • Type Multi-Family: Condo/Townhouse
  • Annual Gross Income: 165520
  • Insurance Expense: 3151
  • Maintenance Expense: 19872
  • Resident Manager Expense: 8400
  • Property Net Operating Income: 101385
  • Number Of Units Total: 7
  • Annual Operating Expense: 64134

Tax Info

  • Tax Annual Amount: 37053.8
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Jan 6, 2022
Sold by
Bought by
Seller's Agent
Jason Hinsley
Re/Max Metropolitan LLC
Buyer's Agent
Tania Mihaylova
REMAX Legends
List Price
$1,799,000
Sold Price
$1,645,500
Premium/Discount to List
-$153,500
-8.53%
Current Estimated Value
$2,169,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,020
Avg. Annual Appreciation
6.19%
Interest Rate
3.69%

Purchase Details

Closed on
Jul 13, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,400
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,556,000
Interest Rate
7.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 20, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$1,038,000 None Available
$675,000 Chicago Title Insurance Co
$520,000 Premier Title
$255,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed --
Previous Owner $830,400
Previous Owner $2,556,000
Previous Owner $260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/10/2022 01/10/22 Sold $1,645,500 -8.5% $137 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $1,799,000 -- $150 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $34,096 $106,581 $18,782 $87,799
2024 $34,096 $106,581 $18,782 $87,799
2023 $39,749 $106,581 $18,782 $87,799
2022 $39,749 $103,775 $37,564 $66,211
2021 $38,193 $103,775 $37,564 $66,211
2020 $36,943 $103,775 $37,564 $66,211
2019 $37,054 $105,278 $20,660 $84,618
2018 $35,965 $105,278 $20,660 $84,618
2017 $34,799 $105,278 $20,660 $84,618
2016 $36,745 $104,339 $19,721 $84,618
2015 $35,903 $104,339 $19,721 $84,618
2014 $35,288 $104,339 $19,721 $84,618
2013 $32,382 $103,798 $19,721 $84,077
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11276226

Midwest Real Estate Data (MRED)

APN: 15-36-412-017-0000

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