NOT LISTED FOR SALE

8725 N Oketo Ave Niles, IL 60714

The Terrace Neighborhood
6 Beds
3 Baths
-- Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: December 20, 2018

Last sale price $468,000

81 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Ceiling Fan
  • Maine East High School Rated A

About This Home

As of December 2018

VERY WELL MAINTAINED BRICK APARTMENT BUILDING ON LARGE CORNER LOT (OKETO & CAROL). ALL UNITS HAVE 2 BEDROOMS AND 1 BATHROOMS. $100K IN RECENT IMPROVEMENTS INCLUDING ***NEW ROOF ON BUILDING AND GARAGE*** (7 YEARS OLD). ***ALL NEW WINDOWS*** (3 YEARS OLD). ***ALL NEW AND UPGRADED MECHANICALS***. ***NEW CENTRAL HEATING FURNANCES/ UPGRADED TO FORCED AIR*** (3 YEARS OLD). ***NEW CENTRAL AIRCONDITIONING (TRANE)/ UPGRADED TO FORCED AIR***. ***NEW AND UPGRADED FLOOD CONTROL SYSTEM WITH OVERHEAD SEWERS AND EJECTOR PUMP*** (4 YEARS OLD). ***NEWLY RENOVATED GARDEN UNIT WITH NEW KITCHEN AND BATHROOM***. OWNED COIN LAUNDRY. COMMON AREA UTILITY RM HAS A TOILET! 2.5 CAR GARAGE PLUS PARKING FOR 4 CARS ON SITE AND PLENTY OF STREET PARKING ALWAYS AVAILABLE. GREAT LOCATION NEAR HARLEM AND DEMPSTER, WALK TO SHOPPING, TRANSPORTATION, 4 BLOCKS FROM NOTRE DAME H.S. AND 1 MILE TO LUTHERAN GENERAL HOSPITAL. PACE AND NILES FREE BUS STOPS ARE 1 BLOCK AWAY.

Last Agent to Sell the Property

Michael Sorensen

Chicagoland Brokers, Inc. License #475114997 Listed on: 08/20/2018

Chicagoland Brokers, Inc.

Last Buyer's Agent

Angela Engelbrecht

Compass License #475166582

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,702

Year Built

  • Built in 1959 | Remodeled in 2015

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,702

Year Built

Built in 1959 | Remodeled in 2015

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1959
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned, Driveway
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 6528
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9702
  • Tax Year: 2016

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

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
Aug 20, 2018
Closed on
Dec 19, 2018
Sold by
Bought by
Seller's Agent
Michael Sorensen
Chicagoland Brokers, Inc.
Buyer's Agent
Angela Engelbrecht
Compass
List Price
$499,000
Sold Price
$468,000
Premium/Discount to List
-$31,000
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,380
Outstanding Balance
$388,749
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
May 28, 2014
Closed on
Jul 31, 2014
Sold by
Bought by
Seller's Agent
Linda Thomas
Charles Rutenberg Realty of IL
Buyer's Agent
Ewa Cypcarz
Chicagoland Brokers Inc.
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$253,750
Interest Rate
4.12%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$468,000 Attorney
$345,000 Fidelity
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 $452,380
Previous Owner $253,750
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 Prior Sale
12/20/2018 12/20/18 Sold $468,000 -2.3% --
11/09/2018 11/09/18 Pending -- -- --
09/27/2018 09/27/18 Price Changed $479,000 -2.0% --
09/11/2018 09/11/18 Price Changed $489,000 -2.0% --
08/20/2018 08/20/18 For Sale $499,000 +44.6% --
07/31/2014 07/31/14 Sold $345,000 -8.0% -- View Prior Sale
06/19/2014 06/19/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $375,000 0.0% --
06/02/2014 06/02/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $375,000 -- --
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 $14,669 $65,000 $8,486 $56,514
2024 $14,669 $57,000 $7,181 $49,819
2023 $13,778 $57,000 $7,181 $49,819
2022 $13,778 $57,000 $7,181 $49,819
2021 $11,393 $39,305 $5,059 $34,246
2020 $10,773 $39,305 $5,059 $34,246
2019 $10,873 $45,179 $5,059 $40,120
2018 $10,500 $39,419 $4,406 $35,013
2017 $10,398 $39,419 $4,406 $35,013
2016 $9,702 $39,419 $4,406 $35,013
2015 $7,509 $27,947 $3,753 $24,194
2014 $8,456 $32,629 $3,753 $28,876
2013 $6,823 $31,185 $3,753 $27,432
Source: Public Records

Agents Affiliated with this Home

  • Michael Sorensen

    Seller's Agent in 2018

    Michael Sorensen

    Chicagoland Brokers, Inc.

    (773) 987-8224

    81 Total Sales

    Michael Sorensen
    Section Image
  • Linda Thomas

    Seller's Agent in 2014

    Linda Thomas

    Charles Rutenberg Realty of IL

    (630) 302-3672

    29 Total Sales

    Linda Thomas
    Section Image

  • E

    Buyer's Agent in 2014

    Ewa Cypcarz

    Chicagoland Brokers Inc.

    (773) 851-5283

    21 Total Sales

    Ewa Cypcarz
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10056815

Midwest Real Estate Data (MRED)
Illinois Cook County Niles 60714 The Terrace

8725 N Oketo Ave, Niles, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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