NOT LISTED FOR SALE

Estimated Value: $1,613,923

24 Beds
15 Baths
-- Sq Ft
0.77 Acres

Last Sold July 18, 2018

Last sale price $975,000

Est. 66% increase in value since last sale

Current estimated payment $11,542/month

99 Days on Market

About This Home

As of July 2018

WELL CARED FOR 15 UNIT APARTMENT BUILDING WITH NINE 2 BEDROOM AND SIX 1 BEDROOM UNITS. NEW $40,000 ROOF IN 2017, MORE THAN HALF OF THE UNITS HAVE BEEN UPDATED. LARGE LOT WITH POTENTIAL FUTURE DEVELOPMENT. 2 WASHERS AND 2 DRYERS PROVIDE ADDITIONAL INCOME. USING A 10% VACANCY FACTOR STILL YIELDS A 10.05% CAP RATE. CURRENTLY BUILDING FULL AND PRICED TO SELL!

Last Agent to Sell the Property

Patrick Jage

Sterling Realty & Prop Mgt LLC License #471001727 Listed on: 01/29/2018

Last Buyer's Agent

Diane Christian

Coldwell Banker Realty License #475135255

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 0.77

Utilities

  • Cooling System Mounted In Outer Wall Opening

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $3,398
  • Insurance Expense $2,857

Listing and Financial Details

  • Tenant pays for electric, heat, varies by tenant
  • $12,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sewer-Storm Available, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 115308
  • Repairs Decor Expense: 7100
  • Scavenger Expense: 1730
  • Total Annual Exp: 60192
  • Total Annual Income: 173100
  • Total Monthly Income: 14625
  • Number of Ranges: 15
  • Number Of Refrigs: 15
  • Number Of Window A C: 15
  • Number Of Stories: 3
  • Estimated Year Built: 1972
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1972

Interior Features

  • Basement: Unfinished

Exterior Features

  • Acreage: 0.77
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Electric, Forced Air, Gas, Wall Unit, Separate Per Unit
  • Water Expense: 10858

Condo/Co-op/Association

  • Units in Building: 15

Fee Information

  • Electricity Expense: 1034
  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps
  • Janitor Expense: 1900

Lot Info

  • Lot Dimensions: 250 X 135
  • Parcel Identification Number: 0614429005

Rental Info

  • Gross Rental Income: 175500
  • Tenant Pays: Electric, Heat, Varies by Tenant

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 3398
  • Insurance Expense: 2857
  • Other Expenses: 772
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 30543

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2021
Sold by
Crystal Star Llc
Bought by
Omaxe Llc
Current Estimated Value
$1,613,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 29, 2018
Closed on
Jul 18, 2018
Sold by
Gita Raj Corporation
Bought by
Crystal Star Llc
Seller's Agent
Patrick Jage
Sterling Realty & Prop Mgt LLC
Buyer's Agent
Diane Christian
Coldwell Banker Realty
List Price
$975,000
Sold Price
$975,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$1,462,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2016
Sold by
Dkp Ventures Llc
Bought by
Gi0ta Raj Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2015
Sold by
Wmsy Properties Llc 85 S Crystal Serie
Bought by
Dkp Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
4.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2014
Sold by
Bomhack Properties Llc 85 South Crystal
Bought by
Wmsy Properties Llc 85 S Crystal Series

Purchase Details

Closed on
Oct 27, 2012
Sold by
State Bank Of Illinois
Bought by
Bomhack Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,000
Interest Rate
3.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2007
Sold by
Elgin Housing Fund Llc
Bought by
Bomhack Robert B and Bomhack Larue R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2004
Sold by
Cardunal Savings Bank Fsb
Bought by
Elgin Housing Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2001
Sold by
Keyser Barry Michael and Keyser Jacqueline J
Bought by
Cardunal Svgs Bank Fsb and Trust #98-247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
7.07%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 1996
Sold by
Commercial National Bank Of Berwyn
Bought by
Keyser Barry Michael and Keyser Jacqueline J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Omaxe Llc $1,225,000 First American Title
Crystal Star Llc $960,000 Attorneys Title Guaranty Fun
Gi0ta Raj Corp $810,000 First American Title
Dkp Ventures Llc $620,000 Chicago Title Insurance Co
Wmsy Properties Llc 85 S Crystal Series -- None Available
Bomhack Properties Llc -- Chicago Title Insurance Comp
Bomhack Robert B $952,500 Attorneys Title Guaranty Fun
Elgin Housing Fund Llc $980,000 --
Cardunal Svgs Bank Fsb $730,000 Chicago Title Insurance Co
Keyser Barry Michael $700,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Omaxe Llc $918,750
Previous Owner Crystal Star Llc $1,462,500
Previous Owner Gi0ta Raj Corp $100,000
Previous Owner Dkp Ventures Llc $465,000
Previous Owner Bomhack Properties Llc $426,000
Previous Owner Bomhack Robert B $736,000
Previous Owner Elgin Housing Fund Llc $784,000
Previous Owner Cardunal Svgs Bank Fsb $547,500
Previous Owner Keyser Barry Michael $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2018 07/18/18 Sold $975,000 0.0% --
05/08/2018 05/08/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $975,000 0.0% --
05/03/2018 05/03/18 Off Market $975,000 -- --
01/30/2018 01/30/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $975,000 -- --
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 $37,230 $465,210 $57,583 $407,627
2023 $35,827 $420,282 $52,022 $368,260
2022 $33,230 $383,224 $47,435 $335,789
2021 $31,965 $358,287 $44,348 $313,939
2020 $31,195 $342,040 $42,337 $299,703
2019 $30,430 $325,815 $40,329 $285,486
2018 $30,346 $306,938 $37,992 $268,946
2017 $31,750 $308,687 $38,208 $270,479
2016 $30,543 $286,378 $35,447 $250,931
2015 -- $262,491 $32,490 $230,001
2014 -- $259,250 $32,089 $227,161
2013 -- $266,088 $32,935 $233,153
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09843710

Midwest Real Estate Data (MRED)

APN: 06-14-429-005