NOT LISTED FOR SALE
4 Beds
4 Baths
-- Sq Ft
12,197 Sq Ft Lot

Last Sold August 24, 2021

Last sale price $615,000

Highlights

  • First Floor Utility Room
  • Workshop
  • Forced Air Heating System
  • Willowbrook High School Rated A
  • 4 Car Detached Garage
  • Tandem Garage

About This Home

As of August 2021

Fantastic 4 unit building in excellent Lombard location offers an excellent opportunity for a long term money making investment. All apartments are 2 bedroom units and have separate HVAC systems. Tenants pay all utilities. Super clean property, 2 units have been recently updated. Coin laundry and additional rental income from 4 car tandem detached garage. Ample parking, 8 additional exterior spaces. Large full basement has storage and work room.

Last Agent to Sell the Property

Tom Fosnot

J.W. Reedy Realty License #475137941 Listed on: 08/10/2021

Last Buyer's Agent

Chris Czarnowski

Earned Run Real Estate Group License #475174914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,756

Year Built

  • Built in 1957

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 72x169

Parking

  • 4 Car Detached Garage
  • Tandem Garage
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Workshop
  • First Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Westmore Elementary School
  • Jackson Middle School
  • Willowbrook High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $407
  • Insurance Expense $1,340
  • Trash Expense $1,344
  • Gross Income $51,788
  • Net Operating Income $38,409

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,756

Year Built

Built in 1957

Lot Details

0.28 Acres

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Room Type: Utility Room-1st Floor, Workshop
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Unassigned
  • ParkingTotal: 12
  • Garage Details: Tandem
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 1344
  • Other Expenses $: 10286

Schools

  • Elementary School: Westmore Elementary School
  • High School: Willowbrook High School
  • Middle/Junior School: Jackson Middle School

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 72X169
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat,Water

Multi Family

  • Net Operating Income: 38409
  • Insurance Expense: 1340
  • ElectricExpense: 407
  • GrossIncome: 51788
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9756
  • Tax Year: 2019
  • Tax Exemptions: None
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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 Prior Sale
08/24/2021 08/24/21 Sold $615,000 +2.5% --
08/10/2021 08/10/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $599,900 +36.3% --
05/25/2016 05/25/16 Sold $440,000 +3.5% -- View Prior Sale
04/10/2016 04/10/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $425,000 -- --
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
2024 $12,775 $181,481 $41,126 $140,355
2023 $12,202 $167,820 $38,030 $129,790
2022 $10,937 $150,840 $20,890 $129,950
2021 $10,569 $147,090 $20,370 $126,720
2020 $10,353 $143,860 $19,920 $123,940
2019 $9,756 $136,780 $18,940 $117,840
2018 $9,681 $129,480 $17,930 $111,550
2017 $9,451 $123,390 $17,090 $106,300
2016 $9,339 $116,240 $16,100 $100,140
2015 $8,913 $108,290 $15,000 $93,290
2014 $7,840 $95,480 $25,520 $69,960
2013 $7,719 $96,830 $25,880 $70,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11185966

Midwest Real Estate Data (MRED)
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