NOT LISTED FOR SALE

878 Gettysburg Dr Bourbonnais, IL 60914

11 Beds
6 Baths
-- Sq Ft
1987 Built

Last Sold December 16, 2022

Last sale price $410,000

12 Days on Market

Highlights

  • Heating Available
  • Liberty Intermediate School Rated 9+
  • 3-minute walk to Jordan Park

About This Home

As of December 2022

Great income producing investment. 6 unit building in Bourbonnais. Building is fully occupied, coin operated laundry room, electric paid by tenants, water and sewer paid by landlord, no gas. Property is cash flowing great with a ton of opportunity to increase income and value. Priced to sell, as is. This is a rare find in Bourbonnais and motivated seller. Please contact Listing agent to schedule viewing. New Sump pump in laundry room, new water heater in laundry room, multiple units have new floors throughout.

Last Agent to Sell the Property

Stephen Styck

Styken Real Estate and Property Management License #471021538 Listed on: 09/03/2022

Last Buyer's Agent

Isaiah Green

Green Real Estate License #471021407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,624

Year Built

  • Built in 1987

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Block And Stucco Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Additional Features

  • 3-Story Property
  • Lot Dimensions are 110x97.50

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,000
  • Insurance Expense $1,975
  • Maintenance Expense $8,000
  • Manager Expense $4,000
  • Other Expense $1,500
  • Trash Expense $1,183
  • Water Sewer Expense $2,710
  • Operating Expense $22,882
  • Gross Income $57,060
  • Net Operating Income $32,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,624

Year Built

Built in 1987

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1987
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Manager Expense: 4000
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1183
  • Water Sewer Expenses: 2710
  • Operating Expense Includes: Maintenance Grounds,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 110X97.50
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 21

Multi Family

  • Net Operating Income: 32000
  • Insurance Expense: 1975
  • ElectricExpense: 1000
  • GrossIncome: 57060
  • Maintenance Expense: 8000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22882
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8623.94
  • Tax Year: 2021
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $410,000 -12.7% --
09/16/2022 09/16/22 Pending -- -- --
09/03/2022 09/03/22 For Sale $469,500 -- --
Source: Midwest Real Estate Data (MRED)

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 $10,746 $129,759 $22,275 $107,484
2023 $9,871 $119,988 $22,275 $97,713
2022 $9,429 $109,989 $22,275 $87,714
2021 $5,278 $99,990 $22,275 $77,715
2020 $8,795 $99,990 $22,275 $77,715
2019 $6,666 $99,990 $22,275 $77,715
2018 $8,916 $99,990 $22,275 $77,715
2017 $8,975 $99,990 $22,275 $77,715
2016 $8,956 $99,990 $22,275 $77,715
2015 $9,071 $99,990 $22,275 $77,715
2014 $8,711 $99,990 $22,275 $77,715
2013 -- $99,990 $22,275 $77,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11621163

Midwest Real Estate Data (MRED)
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