NOT LISTED FOR SALE

Estimated Value: $3,293,181

41 Beds
33 Baths
-- Sq Ft
0.45 Acres

Last Sold August 05, 2024

Last sale price $3,100,000

Est. 6% increase in value since last sale

Current estimated payment $23,636/month

28 Days on Market

About This Home

As of August 2024

(34) Unit Low-Rise Apartment building. Award Winning Vintage Building of the Year! Extra character with Brick exterior and beautiful hardwood in units. Convenient location close to downtown Aurora, Metra, schools and shopping. Easy to Ell units with strong history of occupancy. (4) studios, (18) 1 Beds, (12) 2 beds. Ownership gets reimbursed for gas, electricity and water. Additional income from coin laundry in basement.

Last Agent to Sell the Property

CJ McCann

Keller Williams Premiere Properties License #475158020 Listed on: 01/22/2024

Keller Williams Premiere Properties

Co-Listed By

Mehboob Fidai

Keller Williams Premiere Properties License #475183120

Last Buyer's Agent

CJ McCann

Keller Williams Premiere Properties License #475158020 Listed on: 01/22/2024

Keller Williams Premiere Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $62,314

Year Built

  • Built in 1939

Lot Details

  • 0.45

Home Design

  • Garden Apartment

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 33 Bathrooms

Additional Features

  • 3-Story Property
  • 0.45 Acre Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 34 Units

Building Details

  • Electric Expense $2,947
  • Fuel Expense $15,589
  • Insurance Expense $13,500
  • Maintenance Expense $33,702
  • Manager Expense $16,851
  • Other Expense $14,507
  • Trash Expense $3,346
  • Water Sewer Expense $16,160
  • Operating Expense $159,395
  • Gross Income $393,312
  • Net Operating Income $233,917

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$62,314

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1939
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Show-Call Listing Office
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 33
  • Total Bedrooms: 41
  • Dishwashers: 34
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 3200000

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 16851
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 3346
  • Water Sewer Expenses: 16160
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.45
  • Lot Dimensions: 19800
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 10

Multi Family

  • Net Operating Income: 233917
  • Fuel Expense: 15589
  • Insurance Expense: 13500
  • ElectricExpense: 2947
  • GrossIncome: 393312
  • Maintenance Expense: 33702
  • NumberOfUnitsTotal: 34
  • OperatingExpense: 159395
  • Expense Year: 2021
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 62314
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2025
Sold by
Blackhawk 19 Llc
Bought by
Neighbor Project
Current Estimated Value
$3,293,181

Purchase Details

Listed on
Jan 22, 2024
Closed on
Jul 30, 2024
Sold by
Assar Investments 2 Llc
Bought by
Blackhawk 19 Llc
Seller's Agent
CJ McCann
Keller Williams Premiere Properties
Buyer's Agent
CJ McCann
Keller Williams Premiere Properties
List Price
$3,200,000
Sold Price
$3,100,000
Premium/Discount to List
-$100,000
-3.12%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.75%
Original Mortgage
$250,000
Interest Rate
6.73%

Purchase Details

Closed on
Nov 23, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Assar Investments 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 4, 2004
Sold by
Cole Taylor Bank
Bought by
Lasalle Bank Na and Trust #133373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1998
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Cole Taylor Bank and Trust #98-4491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Neighbor Project -- Proper Title
Blackhawk 19 Llc -- Proper Title
Assar Investments 2 Llc $2,500,000 Chicago Title
Lasalle Bank Na $1,850,000 Multiple
Cole Taylor Bank $937,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackhawk 19 Llc $250,000
Previous Owner Blackhawk 19 Llc $2,568,000
Previous Owner Assar Investments 2 Llc $1,875,000
Previous Owner Lasalle Bank Na $1,480,000
Previous Owner Cole Taylor Bank $1,030,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $3,100,000 -3.1% --
04/22/2024 04/22/24 For Sale $3,200,000 +3.2% --
04/19/2024 04/19/24 Off Market $3,100,000 -- --
02/19/2024 02/19/24 Pending -- -- --
01/22/2024 01/22/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $3,200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $74,945 $940,177 $54,391 $885,786
2023 $72,388 $840,044 $48,598 $791,446
2022 $62,314 $699,508 $44,341 $655,167
2021 $59,893 $651,250 $41,282 $609,968
2020 $57,026 $604,914 $38,345 $566,569
2019 $59,378 $603,042 $35,528 $567,514
2018 $58,243 $579,340 $32,863 $546,477
2017 $55,343 $533,806 $30,280 $503,526
2016 $53,993 $504,207 $25,956 $478,251
2015 -- $436,246 $22,320 $413,926
2014 -- $407,855 $20,513 $387,342
2013 -- $391,441 $20,221 $371,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11964390

Midwest Real Estate Data (MRED)

APN: 15-21-259-003