NOT LISTED FOR SALE

7346 Archer Rd Justice, IL 60458

12 Beds
8 Baths
8,000 Sq Ft
1967 Built

Last Sold July 01, 2024

Last sale price $920,000 $115 Per Sq Ft

8 Days on Market

About This Home

As of July 2024

Great Investement Property! Well maintained 8 unit brick building. 4-2 bedroom units, and 4-1-bedroom units. Laundry Room in the Basement. 16 Parking spaces. Close to major expressways.

Last Agent to Sell the Property

Stefan Szlembarski

IPM Realty, Inc. License #471003136 Listed on: 04/02/2024

Last Buyer's Agent

Bonnie Hampton

Berkshire Hathaway HomeServices Starck Real Estate License #471000590

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,620

Year Built

  • Built in 1967

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Log Siding

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Lot Details

  • Lot Dimensions are 100x120
  • Additional Parcels

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $428
  • Fuel Expense $8,940
  • Insurance Expense $3,742
  • Maintenance Expense $4,391
  • Other Expense $4,850
  • Trash Expense $1,881
  • Water Sewer Expense $2,642
  • Operating Expense $42,396
  • Gross Income $94,500
  • Net Operating Income $52,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,620

Year Built

Built in 1967

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Possible Use: Condominium, Multi-Family
  • Basement Description: Crawl,Slab
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Log

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Gas,Hot Water

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1881
  • Water Sewer Expenses: 2642

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 100X120
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 8000

Multi Family

  • Net Operating Income: 52104
  • Fuel Expense: 8940
  • Insurance Expense: 3742
  • ElectricExpense: 428
  • GrossIncome: 94500
  • Maintenance Expense: 4391
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 42396
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 18620
  • Tax Year: 2022
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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
07/01/2024 07/01/24 Sold $920,000 +0.1% $115 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $919,000 -- $115 / 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 $18,382 $59,417 $6,990 $52,427
2024 $18,382 $59,417 $6,990 $52,427
2023 $18,620 $59,417 $6,990 $52,427
2022 $18,620 $51,784 $9,726 $42,058
2021 $17,713 $51,783 $9,725 $42,058
2020 $17,106 $51,783 $9,725 $42,058
2019 $17,531 $48,407 $7,902 $40,505
2018 $16,753 $48,407 $7,902 $40,505
2017 $16,606 $48,407 $7,902 $40,505
2016 $16,028 $47,952 $6,686 $41,266
2015 $15,680 $47,952 $6,686 $41,266
2014 $15,370 $47,952 $6,686 $41,266
2013 $14,603 $49,534 $6,686 $42,848
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12008503

Midwest Real Estate Data (MRED)
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