NOT LISTED FOR SALE

Estimated Value: $1,871,026

4 Beds
6 Baths
3,708 Sq Ft
$505/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $1,800,000 $485 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,938/month

72 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Private Lot
  • Park
  • 5-minute walk to Hoffman Park

About This Home

As of March 2024

2 family brick house plus a medical office. Centrally located in Elmhurst, steps from subway stations and right across from Macy's/Target. Convenient transportation and daily life amenities! Subway: Close to 7/R/M subway lines. The 1st floor can be shown at any time with Proof of fund. Showings for the 2nd and 3rd floors must be scheduled according to the tenant's availability. AS IS. All cash preferred.

Last Agent to Sell the Property

Yvonne Zhu

B Square Realty Brokerage Phone: 929-366-6682 License #10301224091 Listed on: 09/01/2023

B Square Realty

Last Buyer's Agent

Xiu Yun Wu

E Realty International Corp License #10401365092

E Realty International Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,546

Year Built

  • Built in 1960

Lot Details

  • 2,758 Sq Ft Lot
  • Lot Dimensions are 27.58x100
  • 1 Common Wall
  • Private Lot

Home Design

  • 3,708 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 3 Parking Spaces
  • Private Parking
  • Parking Lot

Location

  • Property is near public transit

Schools

  • Ps 102 Bayview Elementary School
  • Is 73 Frank Sansivieri Inter Middle School
  • Newtown High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 32 / 2854
  • Assessor Parcel Number 02854-0032

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,546

Year Built

Built in 1960

Lot Details

2,758 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Store+Dwell
  • Property SubType: Multi Family
  • Year Built: 1960
  • New Construction: No
  • Attribution Contact: 929-366-6682
  • BuildingSize: 22X57
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: None
  • Total Bedrooms: 4
  • Living Area: 3708
  • SquareFootage: 3708.00
  • NumberOfKitchens: 4

Exterior Features

  • Construction Materials: Brick, Other
  • FloodZoneReportYN: 0

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage: No
  • Parking Description: Parking Lot, Private

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Other
  • Water Source: See Remarks
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 73 Frank Sansivieri Inter School

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 27.58x100
  • Lot Size Sq Ft: 2758
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit, Private
  • Parcel Number: 02854-0032
  • Zoning Description: R5
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation: Solar

Rental Info

  • Lease Considered: No
  • Tenant Pays: None

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 12546
  • Tax Block: 2854
  • Tax Lot: 32
  • Tax Map Number: 02854-0032

MLS Schools

  • Elementary School: Ps 102 Bayview
  • High School: Newtown High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Mar 26, 2024
Sold by
W & W Elmhurst Limited Partnership
Bought by
8701 56 Ave Llc
Seller's Agent
Yvonne Zhu
B Square Realty
Buyer's Agent
Xiu Yun Wu
E Realty International Corp
List Price
$1,750,000
Sold Price
$1,800,000
Premium/Discount to List
$50,000
2.86%
Views
80
Current Estimated Value
$1,871,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,026
Avg. Annual Appreciation
1.96%
Original Mortgage
$900,000
Outstanding Balance
$884,940
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$986,086

Purchase Details

Closed on
Apr 13, 2005
Sold by
Wang Yan and Wei Hua Chen
Bought by
W & W Elmhurst Limited Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2000
Sold by
Szikla Leslie
Bought by
Wang Yan and Wei Hua Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 1999
Sold by
Szikla Leslie and Szikla Veronica
Bought by
Szikla Leslie and The Szikla Family Ltd Partnership
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
8701 56 Ave Llc $1,800,000 --
8701 56 Ave Llc $1,800,000 --
8701 56 Ave Llc $1,800,000 --
W & W Elmhurst Limited Partnership $990,000 --
W & W Elmhurst Limited Partnership $990,000 --
Wang Yan $480,000 Chicago Title
Wang Yan $480,000 Chicago Title
Szikla Leslie -- First American Title Ins Co
Szikla Leslie -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8701 56 Ave Llc $900,000
Closed 8701 56 Ave Llc $900,000
Previous Owner W & W Elmhurst Limited Partnership $800,000
Previous Owner Wang Yan $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2024 03/26/24 Sold $1,800,000 +2.9% $485 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $1,750,000 -- $472 / Sq Ft
Source: OneKey® MLS

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 $13,152 $69,410 $17,386 $52,024
2024 $13,152 $65,482 $17,679 $47,803
2023 $12,408 $61,776 $14,165 $47,611
2022 $11,596 $82,500 $23,100 $59,400
2021 $12,710 $75,120 $23,100 $52,020
2020 $12,243 $80,940 $23,100 $57,840
2019 $9,948 $73,740 $23,100 $50,640
2018 $10,494 $51,480 $15,545 $35,935
2017 $10,421 $51,120 $16,442 $34,678
2016 $10,061 $51,120 $16,442 $34,678
2015 $5,816 $48,202 $20,304 $27,898
2014 $5,816 $45,474 $20,405 $25,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3501423

OneKey® MLS

APN: 02854-0032

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