NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1970 Built

Last Sold June 26, 2023

Last sale price $545,000

5 Days on Market

About This Home

As of June 2023

Well maintained and updated building with spacious units and a garage for each unit. The building has newer windows and a new roof to be installed prior to closing. Garage doors have been replaced. There is one boiler and hot water heater for the building (owner pays gas.) Tenant's pay there own electric. There is a full basement, which has a coin laundry and storage closets. Long term tenants. There is one vacant unit to show. MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST TO BE SUBMITTED BY SUNDAY 5/7 AT NOON.

Last Agent to Sell the Property

Ben Henrikson

RE/MAX Horizon License #475091643 Listed on: 05/02/2023

Last Buyer's Agent

Phin Sundara

Charles Rutenberg Realty of IL License #475137482

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,395

Year Built

  • Built in 1970

Parking

  • 4 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 100x100
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • Lords Park Subdivision

Building Details

  • Electric Expense $326
  • Fuel Expense $3,249
  • Insurance Expense $3,713
  • Water Sewer Expense $2,324
  • Gross Income $43,200
  • Net Operating Income $23,193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,395

Year Built

Built in 1970

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Lords Park
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 2324

Lot Info

  • Lot Dimensions: 100X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 23193
  • Fuel Expense: 3249
  • Insurance Expense: 3713
  • ElectricExpense: 326
  • GrossIncome: 43200
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10394.85
  • Tax Year: 2021
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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
06/26/2023 06/26/23 Sold $545,000 +3.8% --
05/08/2023 05/08/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $525,000 -- --
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 $11,226 $51,000 $6,838 $44,162
2024 $11,226 $39,000 $6,349 $32,651
2023 $10,910 $39,000 $6,349 $32,651
2022 $10,910 $39,000 $6,349 $32,651
2021 $10,395 $30,166 $5,128 $25,038
2020 $10,329 $30,166 $5,128 $25,038
2019 $10,751 $35,077 $5,128 $29,949
2018 $9,736 $28,655 $4,395 $24,260
2017 $9,705 $28,655 $4,395 $24,260
2016 $9,131 $28,655 $4,395 $24,260
2015 $8,402 $23,915 $3,907 $20,008
2014 $8,138 $23,915 $3,907 $20,008
2013 $7,871 $23,915 $3,907 $20,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11772640

Midwest Real Estate Data (MRED)
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