NOT LISTED FOR SALE

860 Maple Ln Wheeling, IL 60090

12 Beds
6 Baths
-- Sq Ft
0.33 Acres

Last Sold January 26, 2018

Last sale price $610,000

35 Days on Market

About This Home

As of January 2018

Rare find in Wheeling! All brick, well maintained, low maintenance 3-story 6-unit investment property consisting of three two-bedroom apartments. Ground level apartments demand higher rent due to large finished basements for additional living space. All units similar in style and condition. 100% occupied with many of the tenants being long term. Always in demand. 14 outside parking spaces and owned laundry facility for additional income. Great investment opportunity: perfect starter investment or add to existing portfolio. Turn key. Fantastic buy with great cash flow! Value add opportunity: self-managed off-site for several years.

Last Agent to Sell the Property

Jim Chipain

Realty Executives Elite License #475177010 Listed on: 10/18/2017

Realty Executives Elite

Last Buyer's Agent

June McCrory

Envision Real Estate & Management Co. License #475122276

Property Details

Home Type

  • Multi-Family

Year Built

  • 1981

Lot Details

  • 0.33

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $2,486
  • Insurance Expense $2,737

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 42418
  • Outdoor Parking: 13-18 Spaces
  • Repairs Decor Expense: 2809
  • Roof Coverings: Shingle Composition
  • Scavenger Expense: 499
  • Total Annual Exp: 34991
  • Total Annual Income: 77409
  • Total Monthly Income: 6340
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1981
  • Type Multi Family: Corridor-Interior Entrance, Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1981

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.33
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 14

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Central Bldg Heat
  • Water Expense: 2488

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 460
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 900

Lot Info

  • Lot Dimensions: 14,346
  • Parcel Identification Number: 03152050220000

Rental Info

  • Gross Rental Income: 76080
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 2486
  • Insurance Expense: 2737
  • Other Expenses: 5050

Tax Info

  • Taxes: 17466.8
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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 List to Sale Price per Sq Ft
01/26/2018 01/26/18 Sold $610,000 -6.2% --
11/22/2017 11/22/17 Pending -- -- --
11/08/2017 11/08/17 For Sale $650,000 0.0% --
10/23/2017 10/23/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $650,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $21,385 $78,000 $13,629 $64,371
2024 $21,385 $72,000 $11,477 $60,523
2023 $20,467 $72,000 $11,477 $60,523
2022 $20,467 $72,000 $11,477 $60,523
2021 $17,721 $53,535 $8,966 $44,569
2020 $17,239 $53,535 $8,966 $44,569
2019 $17,762 $61,464 $8,966 $52,498
2018 $17,670 $55,833 $7,890 $47,943
2017 $17,422 $55,833 $7,890 $47,943
2016 $17,534 $58,782 $7,890 $50,892
2015 $17,467 $53,661 $6,814 $46,847
2014 $16,233 $53,661 $6,814 $46,847
2013 $15,688 $53,661 $6,814 $46,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09780329

Midwest Real Estate Data (MRED)