NOT LISTED FOR SALE

8519 W Cermak Rd Riverside, IL 60546

12 Beds
6 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $687,500

135 Days on Market

About This Home

As of April 2021

Investors dreams - low maintenance, high cashflow with new modern finishes. This building has been finessed. - deluxe brick walkup mid-rise in excellent location, closing to shopping, transport, etc. 100% occupancy with generous rentals and long term leases. Brick 5 flat each with 2 bedroom 1 bathroom and parking. Newly rehabbed units with wood laminate flooring, fresh paint and modern and classy finishes with SS appliances. Fully rented and generating a 9.71 GRM on your investment right off the bat. (Agent Owned & Operated)

Last Agent to Sell the Property

Esmeralda Gil

WE Realty License #471022553 Listed on: 11/11/2020

Co-Listed By

Rosalba Melendres

EXIT Strategy Realty License #475184680

Last Buyer's Agent

Amanda Hillock

Weichert, Realtors - All Pro License #475190762

Weichert, Realtors - All Pro

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 4,356

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Community Details

  • Fuel Expense $1,645
  • Insurance Expense $3,561

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2020
  • Net Oper Income: 57072
  • Outdoor Parking: 1-5 Spaces, Assigned Spaces, Private Lot
  • Repairs Decor Expense: 1143
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Total Annual Exp: 18557
  • Total Annual Income: 75630
  • Total Monthly Income: 6240
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 02
  • Estimated Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1956

Exterior Features

  • Foundation: Brick
  • Exterior Building Type: Brick
  • Acreage: 0.1
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Fire Protection: Smoke or Fire Protectors
  • Heatventilation: Central Heat/Indiv Controls, Hot Water, Baseboard
  • Water Expense: 2209

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 374
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 40 X 125
  • Lot Sq Ft: 4320
  • Parcel Identification Number: 15261050290000

Rental Info

  • Gross Rental Income: 74880
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2020
  • Fuel Expense: 1645
  • Insurance Expense: 3561
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9624

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $687,500 -6.4% --
04/09/2021 04/09/21 For Sale $734,900 +6.9% --
03/31/2021 03/31/21 Off Market $687,500 -- --
03/26/2021 03/26/21 Pending -- -- --
11/11/2020 11/11/20 For Sale $734,900 -- --
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: MRD10931462

Midwest Real Estate Data (MRED)