NOT LISTED FOR SALE

818 W College Blvd Addison, IL 60101

Estimated Value: $786,000

195 Beds
129 Baths
4,950 Sq Ft
$159/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $675,000 $136 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,872/month

103 Days on Market

Highlights

  • Property is near a forest
  • Laundry Room
  • Hot Water Heating System
  • Glenbard East High School Rated A

About This Home

As of January 2022

Solid Six flat brick building and Concrete structure, Well kept fully rented with long time tenants of 8+ years Average some 15; paid on time every time with leases and paperwork all in order with yearly renewal up until 2022 next. Newer roof and boiler, the building has passed every year all city inspections and fire marshal yearly requirements; alarms connected system with lights. This is a great location close to I355 of Army Trail or Lake st. minutes from Shopping Stores. The common areas are clean with new Parking lot and plenty of lights. There is 1 assigned parking space for each unit for a total 6 but plenty of guess parking available, unassigned first come first-served. This location is Private-peaceful and quiet; Secure spot to own a solid building with extra income potential. Call for more info.

Last Listed By

Pete Rodriguez

Coldwell Banker Realty License #475122803 Listed on: 08/12/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,771

Year Built

  • Built in 1974

Lot Details

  • 3,600 Sq Ft Lot
  • Lot Dimensions are 65x55
  • Property fronts a private road

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Reflective Roof
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,950 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 195 Bedrooms
  • 129 Bathrooms

Location

  • Property is near a forest

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • Association fees include parking, insurance, security, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Electric Expense $408
  • Fuel Expense $1,140
  • Insurance Expense $1,836
  • Other Expense $3,240
  • Water Sewer Expense $5,286
  • Operating Expense $11,910
  • Gross Income $6,375
  • Net Operating Income $48,819

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,771

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 129
  • Total Bedrooms: 195
  • Possible Use: Multi-Family
  • Basement Description: None
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Other,Laundry Room
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 0
  • Room: 5
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Private Road
  • List Price: 678000
  • Roof: Reflective Coating, Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Fire Escape

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Water-Municipal
  • Heat/Ventilation: Gas,Heat Pump,Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Insurance, Security, Lawn Care, Scavenger, Snow Removal, Other
  • Water Sewer Expenses: 5286
  • Janitor Expense: 0
  • Operating Expense Includes: Association,Fuel,Insurance,Maintenance Grounds,Parking,Snow Removal,Trash,Water/Sewer

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 65X55
  • Lot Size Sq Ft: 3600
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Other

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4950
  • Building Unit Info: Fire Alarm,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 48819
  • Fuel Expense: 1140
  • Insurance Expense: 1836
  • ElectricExpense: 408
  • GrossIncome: 6375
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11910
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15771
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Jan 31, 2022
Sold by
Snowlake Llc
Bought by
Lekorgo Leasing G Llc
Seller's Agent
Pete Rodriguez
Coldwell Banker Realty
Buyer's Agent
Javier Villanueva
Smart Home Realty
Sold Price
$675,000
Total Days on Market
103
Current Estimated Value
$786,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,000
Avg. Annual Appreciation
5.01%
Original Mortgage
$506,000
Outstanding Balance
$476,060
Interest Rate
3.55%
Mortgage Type
Credit Line Revolving
Estimated Equity
$317,940

Purchase Details

Closed on
Mar 20, 2017
Sold by
Oxford Bank & Trust
Bought by
Snowlake Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,750
Interest Rate
4.15%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 20, 2015
Sold by
Chicago Title Land Trust Company
Bought by
Oxford Bank & Trust and Trust #1781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lekorgo Leasing G Llc $675,000 Chicago Title
Snowlake Llc $397,000 Affinity Title Services Llc
Oxford Bank & Trust -- Chicago Title Land Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lekorgo Leasing G Llc $506,000
Previous Owner Snowlake Llc $297,750
Previous Owner Oxford Bank & Trust $180,000
Previous Owner Lasalle Bank National Assn $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $675,000 -3.6% $136 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/17/2021 11/17/21 For Sale -- -- --
11/14/2021 11/14/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $699,900 -- $141 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2023 $17,678 $178,670 $10,820 $167,850
2022 $16,948 $162,780 $9,450 $153,330
2021 $16,584 $154,660 $8,980 $145,680
2020 $15,772 $150,890 $8,760 $142,130
2019 $15,166 $145,000 $8,420 $136,580
2018 $14,165 $124,810 $35,030 $89,780
2017 $13,525 $115,680 $32,470 $83,210
2016 $13,001 $107,060 $30,050 $77,010
2015 $12,824 $99,900 $28,040 $71,860
2014 $12,480 $96,700 $27,140 $69,560
2013 $14,889 $118,790 $28,070 $90,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11187656

Midwest Real Estate Data (MRED)

APN: 02-24-102-009