NOT LISTED FOR SALE

845 W College Blvd Addison, IL 60101

Estimated Value: $727,891 - $759,000

9 Beds
6 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 18, 2020

Last sale price $543,000

Est. 37% increase in value since last sale

Current estimated payment $5,634/month

18 Days on Market

About This Home

As of December 2020

Great Investment opportunity to own fully occupied Brick building! Windows 2020, Roof and Gutters 2020, Sofits 2020, Building includes 3-1 Bedroom units and 3 -2 Bedroom units, close to major x-ways, Low HOA fees cover Lawn Care, Snow removal and parking maintenance.

Last Listed By

Rutul Parekh

ARNI Realty Incorporated License #471021588 Listed on: 09/17/2020

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,678

Year Built

  • 1974

Lot Details

  • 3,485

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Fuel Expense $3,100
  • Insurance Expense $2,500

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,678

Year Built

1974

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 37858
  • Outdoor Parking: 6-12 Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 1500
  • Total Annual Exp: 31563
  • Total Annual Income: 69420
  • Total Monthly Income: 5785
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1974
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1974

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Alarm On Site
  • Heatventilation: Gas
  • Water Expense: 6000

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Lawn Care, Snow Removal

Fee Information

  • Electricity Expense: 840
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: PER SURVEY
  • Land Amenities: Lighting/Exterior, Security Entrance, Sidewalks, Cable Ready
  • Parcel Identification Number: 0224102033

Rental Info

  • Gross Rental Income: 69420
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 3100
  • Insurance Expense: 2500
  • Other Expenses: 3240

Tax Info

  • Taxes: 16882.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Dec 11, 2020
Sold by
Lopez Geovanny and Lopez Carmella
Bought by
Shivaay Realty Llc
Seller's Agent
Rutul Parekh
ARNI Realty Incorporated
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$565,000
Sold Price
$543,000
Premium/Discount to List
-$22,000
-3.89%
Total Days on Market
18
Current Estimated Value
$743,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,446
Avg. Annual Appreciation
7.26%
Original Mortgage
$394,900
Outstanding Balance
$358,793
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$382,506

Purchase Details

Closed on
Dec 28, 2004
Sold by
Sunny Partnership
Bought by
Lopez Geovanny and Lopez Carmella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2003
Sold by
Lautz Roger G and Lautz Diane B
Bought by
Sunny Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2001
Sold by
Halick Mitchell R and Halick Doreen J
Bought by
Lautz Roger G and Lautz Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 1997
Sold by
Villa Park Trust & Svgs Bank
Bought by
Halick Mitchell R and Halick Doreen J

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
Shivaay Realty Llc $543,000 Altima Title Llc
Lopez Geovanny $854,000 Professional National Title
Sunny Partnership $392,500 Pntn
Lautz Roger G -- --
Halick Mitchell R -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shivaay Realty Llc $394,900
Previous Owner Lopez Geovanny M $230,000
Previous Owner Lopez Geovanny $640,000
Previous Owner Sunny Partnership $307,000
Previous Owner Lautz Roger G $288,000
Previous Owner Lautz Roger G $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $543,000 -3.9% --
10/05/2020 10/05/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $565,000 -- --
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
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 $16,883 $161,410 $8,420 $152,990
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: MRD10862260

Midwest Real Estate Data (MRED)

APN: 02-24-102-033