NOT LISTED FOR SALE

8517 Fernald Ave Morton Grove, IL 60053

Estimated Value: $339,000 - $406,000

2 Beds
2 Baths
1,125 Sq Ft
$345/Sq Ft Est. Value

Last Sold March 13, 2018

Last sale price $192,500 $171 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $2,764/month

260 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Ceiling Fan
  • Park View Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to Pioneer Park

About This Home

As of March 2018

Great investment opportunity! Two flat building with plenty of garden space and fabulous location just blocks from Metra. Each unit features 1 Bedroom, Kitchen with newer cabinetry, large living area, and loads of storage space. Additional storage in basement along with washer and dryer. Close to parks, transport, highway & shopping.

Last Agent to Sell the Property

Connie Dornan

@properties Christie's International Real Estate License #475128119 Listed on: 05/15/2017

@properties Christie's International Real Estate

Last Buyer's Agent

Oksana Zelinska

EXIT Strategy Realty License #475172275

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,645

Year Built

  • Built in 1916

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34x124
  • Paved or Partially Paved Lot

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Outdoor Features

  • Deck

Schools

  • Park View Elementary School
  • Niles West High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,645

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Year Built: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Range Hood,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 199000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Schools

  • Elementary School: PARK VIEW ELEMENTARY SCHOOL
  • High School: NILES WEST HIGH SCHOOL
  • Middle/Junior School: PARK VIEW ELEMENTARY SCHOOL
  • Middle/Junior School District: 70

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 34X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 6645.33
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Feb 2, 2018
Sold by
Bannister Andra
Bought by
Marchuk Dmytro
Seller's Agent
Connie Dornan
@properties Christie's International Real Estate
Buyer's Agent
Oksana Zelinska
EXIT Strategy Realty
List Price
$199,000
Sold Price
$192,500
Premium/Discount to List
-$6,500
-3.27%
Current Estimated Value
$388,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,569
Avg. Annual Appreciation
9.69%
Original Mortgage
$182,400
Outstanding Balance
$159,352
Interest Rate
4.87%
Mortgage Type
New Conventional
Estimated Equity
$225,923

Purchase Details

Closed on
Oct 28, 2003
Sold by
Katz Burton and Katz Sharon
Bought by
Katz Burton and Katz Sharon
Source: Public Records

Range of Values:

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Average Value
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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
Marchuk Dmytro $192,500 Heritage Title Company
Katz Burton -- Torrens Titles
Katz Burton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marchuk Dmytro $182,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2018 03/13/18 Sold $192,500 -3.3% $171 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
12/22/2017 12/22/17 For Sale $199,000 0.0% $177 / Sq Ft
09/24/2017 09/24/17 Pending -- -- --
08/24/2017 08/24/17 Price Changed $199,000 -20.1% $177 / Sq Ft
06/12/2017 06/12/17 Price Changed $249,000 -9.4% $221 / Sq Ft
05/25/2017 05/25/17 Price Changed $274,900 -8.1% $244 / Sq Ft
05/15/2017 05/15/17 For Sale $299,000 -- $266 / Sq Ft
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 $7,996 $31,000 $5,816 $25,184
2023 $7,590 $31,000 $5,816 $25,184
2022 $7,590 $31,000 $5,816 $25,184
2021 $7,569 $23,599 $3,738 $19,861
2020 $7,368 $23,599 $3,738 $19,861
2019 $7,342 $26,222 $3,738 $22,484
2018 $6,997 $22,176 $3,219 $18,957
2017 $7,050 $22,176 $3,219 $18,957
2016 $6,645 $22,176 $3,219 $18,957
2015 $6,302 $19,556 $2,803 $16,753
2014 $6,295 $19,556 $2,803 $16,753
2013 $6,151 $19,556 $2,803 $16,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09626685

Midwest Real Estate Data (MRED)

APN: 10-20-114-059-0000