NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1965 Built

Last Sold January 10, 2024

Last sale price $850,000

5 Days on Market

About This Home

As of January 2024

Come check out this rarely available 6 unit apartment building! The property consists of (5) 2-beds / 1-bath and (1) 1-bed / 1-bath units. It is currently 100% occupied. There are 6 surface parking spaces and additional storage for tenants. Brand new coin operated Speed Queen washer and dryer. The hot water tank was replaced in 2019 and the boiler was replaced in 2007. The current rents are below market so there is significant rental upside. Excellent investment in the desired rental market of Niles!

Last Agent to Sell the Property

Kelsey Zurweller

Horvath & Tremblay IL, LLC License #475205364 Listed on: 10/25/2023

Last Buyer's Agent

Ashoor Youmara

American International Realty License #475156810

American International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,939

Year Built

  • Built in 1965

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 55x185
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $396
  • Fuel Expense $4,305
  • Insurance Expense $3,000
  • Maintenance Expense $1,800
  • Other Expense $840
  • Trash Expense $2,400
  • Water Sewer Expense $2,640
  • Operating Expense $32,320
  • Gross Income $74,520
  • Net Operating Income $42,473

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,939

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • List Price: 875000
  • Exterior Building Type: Vinyl Siding,Brick

Utilities

  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 2400
  • Water Sewer Expenses: 2640
  • Janitor Expense: 0
  • Operating Expense Includes: Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 55X185

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 42473
  • Fuel Expense: 4305
  • Insurance Expense: 3000
  • ElectricExpense: 396
  • GrossIncome: 74520
  • Maintenance Expense: 1800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 32320
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 16939
  • Tax Year: 2022

Range of Values:

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Sold Price
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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 Change Sq Ft Price
01/10/2024 01/10/24 Sold $850,000 -2.9% --
10/31/2023 10/31/23 Pending -- -- --
10/25/2023 10/25/23 For Sale $875,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11916299

Midwest Real Estate Data (MRED)