NOT LISTED FOR SALE

8604 47th St Lyons, IL 60534

Lyons Area
11 Beds
6 Baths
-- Sq Ft
1963 Built

Sale Details

Date Sold: March 22, 2023

Last sale price $500,000

8 Days on Market

About This Home

As of March 2023

PROPERTY NEEDS WORK-THIS IS NOT A TURN KEY!!!RARELY AVAILABLE LYONS 6 UNIT DIRECTLY ACROSS FROM NEW INDUSTRIAL PARK. 5-2 BR UNITS AND 1-1 BR. 6 OFF STREET SPACES. ALL LARGE UNITS. NEWER BOILER AND HWT. PROPERTY BEING SOLD AS-IS, BUYER RESPONSIBLE FOR VILLAGE REQUIREMENTS.

Last Agent to Sell the Property

James Stillo

Skydan Real Estate Sales, LLC License #471015510 Listed on: 01/10/2023

Last Buyer's Agent

Andriy Voloshchuk

Coldwell Banker Realty License #475178911

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,196

Year Built

  • Built in 1963

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Garden Apartment
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 47x121
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $268
  • Fuel Expense $4,810
  • Insurance Expense $2,100
  • Trash Expense $848
  • Water Sewer Expense $3,569
  • Operating Expense $26,791
  • Gross Income $67,320
  • Net Operating Income $41,429

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,196

Year Built

Built in 1963

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 2
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 848
  • Water Sewer Expenses: 3569

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 47X121

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 41429
  • Fuel Expense: 4810
  • Insurance Expense: 2100
  • ElectricExpense: 268
  • GrossIncome: 67320
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26791
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 15196
  • Tax Year: 2020

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
Jan 10, 2023
Closed on
Mar 21, 2023
Sold by
Bought by
Seller's Agent
James Stillo
Skydan Real Estate Sales, LLC
Buyer's Agent
Andriy Voloshchuk
Coldwell Banker Realty
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 1998
Sold by
Bought by
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
$500,000 Stewart 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 $515,000
Closed $50,000
Closed $375,000
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
03/22/2023 03/22/23 Sold $500,000 -5.5% --
01/19/2023 01/19/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $529,000 -- --
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 $16,029 $53,000 $3,269 $49,731
2024 $16,029 $53,000 $3,269 $49,731
2023 $15,956 $53,000 $3,269 $49,731
2022 $15,956 $43,922 $2,843 $41,079
2021 $15,125 $43,920 $2,842 $41,078
2020 $15,196 $43,920 $2,842 $41,078
2019 $15,183 $39,434 $2,558 $36,876
2018 $14,846 $39,434 $2,558 $36,876
2017 $15,849 $43,740 $2,558 $41,182
2016 $10,040 $25,794 $2,274 $23,520
2015 $9,820 $25,794 $2,274 $23,520
2014 $10,235 $27,853 $2,274 $25,579
2013 $10,153 $29,821 $2,274 $27,547
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11698350

Midwest Real Estate Data (MRED)
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