NOT LISTED FOR SALE
4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot Lot

Sale Details

Date Sold: November 18, 2020

Last sale price $410,500

366 Days on Market

Highlights

  • Landscaped Professionally
  • Traditional Architecture
  • Enclosed Patio or Porch
  • Olive-Mary Stitt Elementary School Rated A-
  • 2 Car Detached Garage
  • 3-minute walk to North School Park

About This Home

As of November 2020

RARE DOWNTOWN ARLINGTON HEIGHTS 2-FLAT IN GREAT CONDITION! Terrific opportunity for Owner Occupied! First Floor tenant just moved out making this excellent opportunity for Owner Occupied as well! Disputed Taxes just lowered over $5k. This building has waiting lists for tenants! Each unit is 2 bedrooms and 1 full bath and each having a front and back entrance to the building and to the basement. The upper unit has an extra room of an enclosed porch. The basement is a full basement with 2 doored off areas with each having a washer and dryer and storage area. Garage in back of the home is a detached 2 car with EDO so that each tenant has garage ability. LOCATION IS SUPERB!! GREAT IN-TOWN LOCATION JUST STEPS TO METRA, RESTAURANTS, THEATERS, SHOPS, & TOWN. Current rents are under market some. The vacant lot next to it is NOT included yet is owned by the same owners. Please allow 24-48 hours of preferred notice to view the building. So whether you are looking to add to or start your investment portfolio, or perhaps take the burden off of you paying all of the mortgages, you definitely will want to see this building. Special Financing available as well please inquire directly.

Last Agent to Sell the Property

Shannon Long

Baird & Warner Fox Valley - Geneva License #471006164 Listed on: 10/12/2019

Baird & Warner Fox Valley -  Geneva

Co-Listed By

John Long

Baird & Warner Fox Valley - Geneva

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,863

Year Built

  • Built in 1927 | Remodeled in 2010

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x115
  • Landscaped Professionally

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms
  • Soaking Tub

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Schools

  • Olive-Mary Stitt Elementary School
  • Thomas Middle School
  • John Hersey High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • 2 Unit

Building Details

  • Insurance Expense $1,771
  • Maintenance Expense $1,993
  • Manager Expense $1,750
  • Gross Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,863

Year Built

Built in 1927 | Remodeled in 2010

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner,Garage/Space,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Refrigerator,Dishwasher,Window Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Block
  • Lot Features: Landscaped
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Manager Expense: 1750
  • Community Features: Curbs, Sidewalks, Street Lights
  • Conversion YN: N

Fee Information

  • Other Expenses $: 0
  • Trash Expense Year: 2019

Schools

  • Elementary School: Olive-Mary Stitt School
  • High School: John Hersey High School
  • Middle/Junior School: Thomas Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 60X115
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 1771
  • GrossIncome: 35400
  • Maintenance Expense: 1993
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8862.82
  • 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
11/18/2020 11/18/20 Sold $410,500 -11.7% --
10/12/2020 10/12/20 Pending -- -- --
10/12/2019 10/12/19 For Sale $465,000 -- --
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
2025 $10,950 $48,000 $10,005 $37,995
2024 $10,950 $40,000 $8,280 $31,720
2023 $10,546 $40,000 $8,280 $31,720
2022 $10,546 $40,000 $8,280 $31,720
2021 $8,881 $29,502 $5,002 $24,500
2020 $8,651 $29,502 $5,002 $24,500
2019 $8,863 $33,756 $5,002 $28,754
2018 $12,073 $41,371 $4,312 $37,059
2017 $11,931 $41,371 $4,312 $37,059
2016 $11,355 $42,217 $4,312 $37,905
2015 $10,486 $35,514 $3,795 $31,719
2014 $10,180 $35,514 $3,795 $31,719
2013 $9,924 $35,514 $3,795 $31,719
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10546784

Midwest Real Estate Data (MRED)
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