NOT LISTED FOR SALE
11 Beds
6 Baths
6,270 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: September 20, 2024

Last sale price $493,000 $79 Per Sq Ft

9 Days on Market

About This Home

As of September 2024

Exceptional 6-unit building in Bourbonnais, ideally situated next to a park and centrally located. Featuring newer roofs and patios (installed in 2018), this property is well-maintained and fully occupied, making it a prime investment opportunity. The building includes a common area with laundry facilities for added convenience. Additionally, an adjacent building is also available for sale. Don't miss out on this excellent chance to expand your real estate portfolio!

Last Agent to Sell the Property

Kelly Winterroth

Village Realty Inc License #475123080 Listed on: 08/16/2024

Village Realty Inc

Co-Listed By

Emily Outsen

Village Realty Inc License #475162969

Last Buyer's Agent

Peter Grant

Berkshire Hathaway HomeServices Speckman Realty License #471008886

Berkshire Hathaway HomeServices Speckman Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,870

Year Built

  • Built in 1978

Lot Details

  • 15,000 Sq Ft Lot
  • Lot Dimensions are 100x150

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Mansard Roof Shape
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 6,270 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,361
  • Insurance Expense $4,044
  • Trash Expense $330
  • Water Sewer Expense $6,631
  • Operating Expense $23,161
  • Gross Income $5,285
  • Net Operating Income $40,259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,870

Year Built

Built in 1978

Lot Details

0.34 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 48-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
  • Misc Inside: Laundry Room
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Mansard

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 330
  • Water Sewer Expenses: 6631

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 100X150
  • Lot Size Sq Ft: 15000
  • Zoning: MULTI
  • Alternate Phone Number: (815) 954-0010

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 21

Building Info

  • BuildingAreaTotal: 6270

Multi Family

  • Net Operating Income: 40259
  • Insurance Expense: 4044
  • ElectricExpense: 1361
  • GrossIncome: 5285
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23161
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 9870
  • Tax Year: 2023

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 16, 2024
Closed on
Sep 18, 2024
Sold by
Bought by
Seller's Agent
Kelly Winterroth
Village Realty Inc
Buyer's Agent
Peter Grant
Berkshire Hathaway HomeServices Speckman Realty
List Price
$475,000
Sold Price
$493,000
Premium/Discount to List
$18,000
3.79%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,000
Outstanding Balance
$908,918
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2018
Closed on
Jun 29, 2018
Sold by
Bought by
Seller's Agent
Douglas Anderson
McColly Bennett Real Estate
Buyer's Agent
Emily Outsen
Village Realty Inc
List Price
$303,000
Sold Price
$280,000
Premium/Discount to List
-$23,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$435,000
Interest Rate
5%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$986,000 Standard Title
$280,000 Standard Title
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 $986,000
Previous Owner $630,000
Previous Owner $435,000
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
09/20/2024 09/20/24 Sold $493,000 +3.8% $79 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $475,000 +69.6% $76 / Sq Ft
06/29/2018 06/29/18 Sold $280,000 -7.6% -- View Prior Sale
04/29/2018 04/29/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $303,000 -- --
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 $13,098 $159,984 $22,275 $137,709
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 $8,624 $99,990 $22,275 $77,715
2020 $8,795 $99,990 $22,275 $77,715
2019 $8,888 $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: 12140232

Midwest Real Estate Data (MRED)
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