NOT LISTED FOR SALE

8716 S Roberts Rd Hickory Hills, IL 60457

Estimated Value: $168,000 - $201,000

-- Bed
8 Baths
-- Sq Ft
0.41 Acres

Last Sold October 24, 2022

Last sale price $695,000

Current estimated payment $1,251/month

4 Days on Market

About This Home

As of October 2022

AMAZING INVESTMENT OPPORTUNITY! 8 unit condo building in a great location. FULLY LEASED AND 8.07% CAP RATE!!!!!

Last Agent to Sell the Property

Georgia Kozonis

Mega Realty Inc. License #475168583 Listed on: 08/07/2022

Last Buyer's Agent

Anastasia Novytska

Core Realty & Investments Inc. License #475194118

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,000

Year Built

  • Built in 1971

Lot Details

  • Lot Dimensions are 100x166
  • Additional Parcels

Parking

  • 10 Parking Spaces
  • 6 to 12 Parking Spaces

Additional Features

  • 3-Story Property
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $1,980
  • Operating Expense $23,892
  • Gross Income $102,000
  • Net Operating Income $56,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,000

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 3
  • Year Built: 1971
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 695000

Garage/Parking

  • ParkingTotal: 10
  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Forced Air

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 100X166
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 56108
  • Insurance Expense: 1980
  • GrossIncome: 102000
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 23892
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 23000
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2022
Closed on
Sep 24, 2022
Sold by
Vis-A-Ru Properties Llc
Bought by
Foru Llc
Seller's Agent
Georgia Kozonis
Mega Realty Inc.
Buyer's Agent
Anastasia Novytska
Core Realty & Investments Inc.
List Price
$695,000
Sold Price
$695,000
Current Estimated Value
$181,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$514,000
Avg. Annual Appreciation
-37.18%
Original Mortgage
$521,250
Outstanding Balance
$422,829
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
-$235,496

Purchase Details

Listed on
Aug 1, 2020
Closed on
Oct 26, 2020
Sold by
Gulfco Ltd
Bought by
Vis A Ru Properties Llc
Seller's Agent
Lydia Memeti
REMAX Legends
Buyer's Agent
Georgia Kozonis
Mega Realty Inc.
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.08%
Original Mortgage
$356,250
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2013
Sold by
Tawfik Tawfik M M
Bought by
Gulfco Ltd

Purchase Details

Closed on
Nov 15, 2011
Sold by
Garcia Donnie
Bought by
Tawfik Tawfik M M

Purchase Details

Closed on
Jul 15, 2011
Sold by
Quality Properties Asset Management Comp
Bought by
Garcia Donnie

Purchase Details

Closed on
Sep 16, 2010
Sold by
Cascone Joseph
Bought by
Quality Properties Asset Management Comp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Foru Llc -- Stewart Title
Vis A Ru Properties Llc $435,000 Old Republic Title
Gulfco Ltd -- First American Title Insuran
Tawfik Tawfik M M $82,500 Fidelity National Title
Garcia Donnie $37,000 First American Title
Quality Properties Asset Management Comp -- None Available
Quality Properties Asset Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foru Llc $521,250
Previous Owner Vis A Ru Properties Llc $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2022 10/24/22 Sold $695,000 0.0% --
08/12/2022 08/12/22 Pending -- -- --
08/07/2022 08/07/22 For Sale $695,000 +46.3% --
10/26/2020 10/26/20 Sold $475,000 -5.0% --
09/04/2020 09/04/20 Pending -- -- --
08/01/2020 08/01/20 For Sale $499,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $3,182 $10,450 $1,133 $9,317
2023 $3,712 $10,450 $1,133 $9,317
2022 $3,712 $9,751 $2,120 $7,631
2021 $3,522 $9,751 $2,120 $7,631
2020 $4,224 $11,960 $2,120 $9,840
2019 $5,542 $15,660 $1,937 $13,723
2018 $5,419 $15,660 $1,937 $13,723
2017 $5,216 $15,660 $1,937 $13,723
2016 $4,374 $12,160 $1,681 $10,479
2015 $4,290 $12,160 $1,681 $10,479
2014 $4,234 $12,160 $1,681 $10,479
2013 $1,934 $5,938 $1,681 $4,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11485712

Midwest Real Estate Data (MRED)

APN: 23-02-207-025-1010