NOT LISTED FOR SALE

Estimated Value: $1,624,089

24 Beds
15 Baths
-- Sq Ft
0.77 Acre Lot

Sale Details

Date Sold: July 18, 2018

Last sale price $975,000 $0 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $12,060 / mo

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

0.77 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2021
Sold by
Bought by
Current Estimated Value
$1,624,089

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
Bought by
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
6.58%
Original Mortgage
$1,462,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2016
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Oct 27, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
0.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2007
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,225,000 First American Title
$960,000 Attorneys Title Guaranty Fun
$810,000 First American Title
$620,000 Chicago Title Insurance Co
-- None Available
-- Chicago Title Insurance Comp
$952,500 Attorneys Title Guaranty Fun
$980,000 --
$730,000 Chicago Title Insurance Co
$700,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $918,750
Previous Owner $1,462,500
Previous Owner $100,000
Previous Owner $465,000
Previous Owner $371,000
Previous Owner $426,000
Previous Owner $630,000
Previous Owner $736,000
Previous Owner $784,000
Previous Owner $50,000
Previous Owner $547,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $38,533 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09843710

Midwest Real Estate Data (MRED)

APN: 06-14-429-005

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