NOT LISTED FOR SALE

Estimated Value: $7,624,837

82 Beds
36 Baths
-- Sq Ft
0.44 Acres

Last Sold March 28, 2022

Last sale price $6,050,000

Est. 26% increase in value since last sale

Current estimated payment $47,937/month

44 Days on Market

About This Home

As of March 2022

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Last Agent to Sell the Property

Cameel Halim

Wilmette Real Estate & Management Company LLC License #471016697 Listed on: 09/27/2021

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $55,171

Year Built

  • Built in 1920

Lot Details

  • 0.44

Bedrooms and Bathrooms

  • 82 Bedrooms
  • 36 Bathrooms

Additional Features

  • 4-Story Property
  • Courtyard

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 44 Units

Building Details

  • Electric Expense $7,143
  • Fuel Expense $8,279
  • Insurance Expense $7,700
  • Maintenance Expense $13,200
  • Other Expense $1,980
  • Trash Expense $8,802
  • Water Sewer Expense $39,438
  • Operating Expense $238,750
  • Gross Income $665,740
  • Net Operating Income $426,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$55,171

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 4
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Seller's Disclosure,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 36
  • Total Bedrooms: 82
  • Room: 0

Utilities

  • Heat/Ventilation: None

Fee Information

  • Trash Expense: 8802
  • Water Sewer Expenses: 39438

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 244.19X66.12-92.27

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 2

Multi Family

  • Net Operating Income: 426990
  • Fuel Expense: 8279
  • Insurance Expense: 7700
  • ElectricExpense: 7143
  • GrossIncome: 665740
  • Maintenance Expense: 13200
  • NumberOfUnitsTotal: 44
  • OperatingExpense: 238750
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 55171
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Mar 28, 2022
Sold by
Bch7340 Llc
Bought by
Hoyne Mazel Llc
Seller's Agent
Cameel Halim
Wilmette Real Estate & Management Company LLC
Buyer's Agent
Non Member
NON MEMBER
List Price
$8,400,000
Sold Price
$6,050,000
Premium/Discount to List
-$2,350,000
-27.98%
Current Estimated Value
$7,624,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,574,837
Avg. Annual Appreciation
6.68%

Purchase Details

Closed on
Sep 27, 2011
Sold by
Pb Il Oreo Llc
Bought by
Bch7340 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
4.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2011
Sold by
7340 N Hoyne Llc
Bought by
Pb Il Oreo Llc

Purchase Details

Closed on
Apr 22, 2005
Sold by
Tenney Donald J and Tenney Carol A
Bought by
7340 N Hoyne Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,290,000
Interest Rate
6.06%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 21, 2002
Sold by
Lasalle Bank National Assn
Bought by
Tenney Donald J and Tenney Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1998
Sold by
Souvanna Properties Llc
Bought by
Lasalle National Bank and Trust #121494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 1997
Sold by
Bozic Stojko and Bozic Nada
Bought by
Souvanna Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 1993
Sold by
Hoyne Terrace Partnership
Bought by
Bozic Stojko and Bozic Nada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 1993
Sold by
Perlow Gerald N and Starkman Lawrence J
Bought by
Hoyne Terrace Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
8%
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
Hoyne Mazel Llc $6,050,000 None Listed On Document
Bch7340 Llc $3,600,000 Ctcc
Pb Il Oreo Llc -- None Available
7340 N Hoyne Llc $3,006,000 Multiple
Tenney Donald J -- --
Lasalle National Bank $960,000 --
Souvanna Properties Llc $1,050,000 --
Bozic Stojko $580,000 --
Hoyne Terrace Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bch7340 Llc $2,600,000
Previous Owner 7340 N Hoyne Llc $6,290,000
Previous Owner Tenney Donald J $915,000
Previous Owner Lasalle National Bank $790,000
Previous Owner Souvanna Properties Llc $840,000
Previous Owner Bozic Stojko $652,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2022 03/28/22 Sold $6,050,000 -28.0% --
11/11/2021 11/11/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $8,400,000 -- --
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
2024 $96,324 $487,600 $42,647 $444,953
2023 $93,901 $456,535 $27,957 $428,578
2022 $93,901 $456,535 $27,957 $428,578
2021 $56,909 $283,000 $27,957 $255,043
2020 $61,174 $274,605 $27,957 $246,648
2019 $55,172 $274,605 $27,957 $246,648
2018 $54,244 $274,605 $27,957 $246,648
2017 $49,060 $227,900 $25,114 $202,786
2016 $45,646 $227,900 $25,114 $202,786
2015 $41,762 $227,900 $25,114 $202,786
2014 $43,984 $237,059 $25,114 $211,945
2013 $43,115 $237,059 $25,114 $211,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11230495

Midwest Real Estate Data (MRED)

APN: 11-30-314-012-0000