NOT LISTED FOR SALE

Estimated Value: $62,000 - $160,000

20 Beds
8 Baths
-- Sq Ft
6,708 Sq Ft Lot

Last Sold October 05, 2020

Last sale price $480,000

Current estimated payment $845/month

170 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Forced Air Heating and Cooling System

About This Home

As of October 2020

UPDATED 6 UNIT BUILDING IN CHATHAM AREA. FEATURES: UPDATED KITCHENS, BATHROOMS, INDIVIDUAL 6 HVAC SYSTEMS WITH AC UNITS, 6 WATER HEATERS, ELECTRICAL PANELS, ELECTRICAL WIRING, PLUMBING, HARDWOOD FLOORS, IN UNIT INDIVIDUAL 6 LAUNDRY HOOKUPS AND 5 CAR BRICK GARAGE. CLOSE TO I-94, I-90, 83RD AND CITY TRANSPORTATION.

Last Agent to Sell the Property

Stilian Dinev

Vanguard Realty, Inc. License #471018850 Listed on: 01/21/2020

Last Buyer's Agent

Jennifer Bell

Fulton Grace Realty License #471019497

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,407

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50 x 125
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $550
  • Insurance Expense $3,620
  • Maintenance Expense $300
  • Other Expense $185
  • Trash Expense $1,289
  • Water Sewer Expense $4,282
  • Operating Expense $21,633
  • Gross Income $86,424
  • Net Operating Income $64,791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,407

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Condominium
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: No Sign on Property,None
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 20
  • Possible Use: Multi-Family
  • Basement Description: Finished,Partially Finished
  • Misc Inside: Storage Inside,Laundry Room
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 495000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water to Site
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: Y
  • Owners Association (Y/N): Yes

Fee Information

  • Trash Expense: 1289
  • Water Sewer Expenses: 4282
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50 X 125
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 64791
  • Insurance Expense: 3620
  • ElectricExpense: 550
  • GrossIncome: 86424
  • Maintenance Expense: 300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 21633
  • Expense Year: 2018
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11407
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Oct 5, 2020
Sold by
Mannion Michael
Bought by
The New Millennium Dream Llc
Seller's Agent
Stilian Dinev
Vanguard Realty, Inc.
Buyer's Agent
Jennifer Bell
Fulton Grace Realty
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Current Estimated Value
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$357,000
Avg. Annual Appreciation
-24.26%
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 29, 2013
Sold by
Cannon Ronald W
Bought by
Mannion Michael

Purchase Details

Closed on
Jan 29, 2011
Sold by
R N J Enterprises Inc
Bought by
Cannon Ronald W

Purchase Details

Closed on
Jul 11, 2009
Sold by
Cannon Ronald
Bought by
R N J Enterprises Inc

Purchase Details

Closed on
Dec 7, 2006
Sold by
8226 S Drexel Llc
Bought by
Cannon Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
8.9%
Mortgage Type
New Conventional
Source: Public Records

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
The New Millennium Dream Llc $202,500 Chicago Title
The New Millennium Dream Llc $110,000 Chicago Title
Mannion Michael $33,000 None Available
Cannon Ronald W -- None Available
R N J Enterprises Inc -- None Available
Cannon Ronald $221,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Milllennium Dream Llc $500,000
Previous Owner The New Millennium Dream Llc $360,000
Previous Owner Cannon Ronald $176,800
Previous Owner Cannon Ronald W $44,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $480,000 0.0% --
07/31/2020 07/31/20 Off Market $480,000 -- --
07/09/2020 07/09/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $495,000 0.0% --
03/02/2020 03/02/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $495,000 0.0% --
01/28/2020 01/28/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $495,000 -- --
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
2024 $2,110 $11,346 $1,150 $10,196
2023 $2,057 $10,000 $1,917 $8,083
2022 $2,057 $10,000 $1,917 $8,083
2021 $2,011 $9,999 $1,917 $8,082
2020 $2,951 $13,247 $1,380 $11,867
2019 $2,945 $14,656 $1,380 $13,276
2018 $2,895 $14,656 $1,380 $13,276
2017 $2,997 $13,924 $1,226 $12,698
2016 $2,789 $13,924 $1,226 $12,698
2015 $2,552 $13,924 $1,226 $12,698
2014 $3,618 $19,502 $1,150 $18,352
2013 $3,547 $19,502 $1,150 $18,352
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10616000

Midwest Real Estate Data (MRED)

APN: 20-35-121-026-1001