NOT LISTED FOR SALE

8507 W Cermak Rd North Riverside, IL 60546

10 Beds
5 Baths
3,534 Sq Ft
4,280 Sq Ft Lot

Last Sold June 18, 2021

Last sale price $620,000 $175 Per Sq Ft

15 Days on Market

Highlights

  • Storage Room
  • Riverside Brookfield High School Rated A
  • Central Heating and Cooling System

About This Home

As of June 2021

Newly remodeled 5-unit brick building in great location, minutes from shopping and highway. Each unit feature a spacious living room, 2 good sized bedrooms, a bathroom, and a kitchen with eating area. Basement included storage locker for each unit and laundry area with washer and dryer. Updated plumbing and HVAC through out the building. 5 parking spaces located in the rear of the building.

Last Agent to Sell the Property

Luan Do

Coldwell Banker Realty License #475186914 Listed on: 04/21/2021

Coldwell Banker Realty

Last Buyer's Agent

Nina Mediukh

United Real Estate - Chicago License #475188347

United Real Estate - Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,333

Year Built

  • Built in 1958

Lot Details

  • 4,280 Sq Ft Lot
  • Lot Dimensions are 45 x 121

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Composition Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,534 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $2,900
  • Maintenance Expense $450
  • Other Expense $150
  • Trash Expense $1,440
  • Water Sewer Expense $4,200
  • Operating Expense $17,833
  • Gross Income $66,000
  • Net Operating Income $48,167

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,333

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1958
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Misc Inside: Storage Inside
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete, Block
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 624000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Gable,Hip
  • Misc Outside: Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal, Water to Site
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1440
  • Water Sewer Expenses: 4200
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 45 X 121
  • Lot Size Sq Ft: 4280
  • Zoning: MULTI
  • Land Amenities: Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3534

Multi Family

  • Net Operating Income: 48167
  • Insurance Expense: 2900
  • ElectricExpense: 360
  • GrossIncome: 66000
  • Maintenance Expense: 450
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 17833
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8332.78
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $620,000 0.0% $175 / Sq Ft
05/07/2021 05/07/21 For Sale -- -- --
05/06/2021 05/06/21 Pending -- -- --
04/27/2021 04/27/21 Off Market $620,000 -- --
04/21/2021 04/21/21 For Sale $624,000 -- $177 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11061743

Midwest Real Estate Data (MRED)