NOT LISTED FOR SALE

7346 Archer Rd Justice, IL 60458

Justice Area
12 Beds
8 Baths
8,000 Sq Ft
1967 Built

Sale Details

Date Sold: July 1, 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
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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

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
Apr 2, 2024
Closed on
Jun 27, 2024
Sold by
Bought by
Seller's Agent
Stefan Szlembarski
IPM Realty, Inc.
Buyer's Agent
Bonnie Hampton
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$919,000
Sold Price
$920,000
Premium/Discount to List
$1,000
0.11%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$537,823
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2013
Sold by
Bought by

Purchase Details

Closed on
May 27, 2008
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
$390,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2002
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
$320,000
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2001
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
$282,000
Interest Rate
7.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Justice, IL

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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
$920,000 Old Republic Title
-- Multiple
$515,000 Attorneys Title Guaranty Fun
$400,000 --
$387,000 --
$291,000 --
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
Open $550,000
Closed $390,000
Closed $320,000
Previous Owner $282,000
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
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

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 $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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