NOT LISTED FOR SALE
10 Beds
7 Baths
-- Sq Ft
8,712 Sq Ft Lot Lot

Sale Details

Date Sold: January 31, 2020

Last sale price $595,000

124 Days on Market

Highlights

  • Tudor Architecture
  • Lower Floor Utility Room
  • Brick or Stone Mason
  • Niles North High School Rated A+
  • 3 Car Detached Garage
  • Intercom

About This Home

As of January 2020

OUTSTANDING JUMBO 4 UNIT ON DOUBLE LOT WITH BEAUTIFUL SIDE YARD LOCATED IN SKOKIE'S DEVONSHIRE NEIGHBORHOOD SURROUNDED BY SINGLE FAMILY HOMES. ONE OF THE MANY OPTIONS FOR THIS ATTRACTIVE TUDOR STYLE BUILDING IS FOR OWNER OCCUPANCY. UPSCALE FOR ITS PERIOD THE 3- BEDROOM 2 BATH UNITS ARE AS SPACIOUS AS SINGLE FAMILY HOMES WITH LARGE LIVING ROOM, DINING ROOM AND EAT IN KITCHEN. THE THREE 3-BEDROOM UNITS HAVE HARDWOOD FLOORS AND GORGEOUS OAK DOORS. PRIDE OF OWNERSHIP SHOWS IN THE MAINTENANCE AND CARE TAKEN FOR THE BUILDING. ALTHOUGH FINISHES ARE VARIED FROM ORIGINAL TO MORE RECENT THEY ARE LIVABLE AS DEMONSTRATED BY THE CURRENT LONG TERM TENANTS. SEPARATE ELECTRIC FOR EACH UNIT, HEAT PROVIDED BY LANDLORD. BOILER AND WATER HEATERS ARE RECENTLY REPLACED AND SERVICED ANNUALLY. GARDEN ONE BEDROOM NEEDS UPDATING TO MAXIMIZE RETURNS. SCHOOLS, PARKS, SHOPPING, SKOKIE SWIFT, BUS SERVICE AND EXPRESSWAYS ARE WITHIN BLOCKS. PROJECTED AS IS AND UPDATED CAP RATES COME IN BETWEEN 5.5 AND 7 PERCENT.

Last Agent to Sell the Property

James Petersen

Jameson Sotheby's Intl Realty License #475131638 Listed on: 08/23/2019

Jameson Sotheby's Intl Realty

Last Buyer's Agent

Shirrah Mantzur

Cagan's Realty, Inc. License #471021302

Cagan's Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,204

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x131x68x119
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Additional Parcels

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Tudor Architecture
  • Flat Roof Shape
  • Brick or Stone Mason
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 7 Bathrooms

Home Security

  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters

Additional Features

  • Lower Floor Utility Room
  • Patio

Community Details

Overview

  • 4 Units
  • Devonshire Subdivision

Building Details

  • Electric Expense $298
  • Fuel Expense $6,012
  • Insurance Expense $3,287
  • Professional Management Expense $2,135
  • Water Sewer Expense $741
  • Gross Income $61,200
  • Net Operating Income $34,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,204

Year Built

Built in 1930

Lot Details

8,712 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tudor
  • New Construction: No
  • Professional Management Expense: 2135
  • Subdivision Name: Devonshire
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 10
  • Other Equipment: Intercom, CO Detectors, Multiple Water Heaters
  • Room Type: Utility Room-Lower Level
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Irregular Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 741

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.2
  • Lot Dimensions: 66X131X68X119
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 34405
  • Fuel Expense: 6012
  • Insurance Expense: 3287
  • ElectricExpense: 298
  • GrossIncome: 61200
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14203.65
  • Tax Year: 2018
  • Tax Exemptions: None
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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
01/31/2020 01/31/20 Sold $595,000 -13.6% --
12/25/2019 12/25/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $689,000 0.0% --
09/01/2019 09/01/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $689,000 -- --
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
2025 $13,483 $82,000 $6,305 $75,695
2024 $13,483 $53,966 $5,288 $48,678
2023 $13,123 $53,966 $5,288 $48,678
2022 $13,123 $53,966 $5,288 $48,678
2021 $14,138 $51,657 $3,254 $48,403
2020 $13,158 $51,657 $3,254 $48,403
2019 $13,784 $59,376 $3,254 $56,122
2018 $13,372 $53,072 $2,949 $50,123
2017 $13,485 $53,072 $2,949 $50,123
2016 $14,763 $59,400 $2,949 $56,451
2015 $12,169 $46,220 $2,542 $43,678
2014 $11,900 $46,220 $2,542 $43,678
2013 $11,857 $46,220 $2,542 $43,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10495499

Midwest Real Estate Data (MRED)
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