NOT LISTED FOR SALE
12 Beds
6 Baths
-- Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: January 26, 2018

Last sale price $610,000 $0 Per Sq Ft

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

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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

0.33 Acres

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

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

Listed on
Oct 18, 2017
Closed on
Jan 18, 2018
Sold by
Bought by
Seller's Agent
Jim Chipain
Realty Executives Elite
Buyer's Agent
June McCrory
Envision Real Estate & Management Co.
List Price
$650,000
Sold Price
$610,000
Premium/Discount to List
-$40,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$181,755
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$610,000 First American Title
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
Open $220,000
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
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

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
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09780329

Midwest Real Estate Data (MRED)
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