NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
0.27 Acres

Last Sold May 24, 2023

Last sale price $550,000

6 Days on Market

About This Home

As of May 2023

5 unit investment building in an excellent location with incredible cash flow! All units are well maintained & the building is fully leased. Three 2 bedroom units and two 1 bedroom units. Tenants pays gas and electric. (separately metered). Huge backyard. Coin-op laundry on premises provides additional cash flow. Newer siding, newer windows, newer roof (Oct 2014). 4 of the 5 apartments have been remodeled. Close distance to the Lombard train station, downtown Lombard, Paradise Bay Water Park, schools, restaurants + highways!

Last Agent to Sell the Property

Brittany Simon

Compass License #475138382 Listed on: 04/19/2023

Compass

Last Buyer's Agent

Samuel Meyer

Dwelle Realty LLC License #471021043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,079

Year Built

  • Built in 1924

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 61x200

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $375
  • Fuel Expense $4,000
  • Insurance Expense $2,800
  • Other Expense $2,000
  • Trash Expense $1,775
  • Water Sewer Expense $2,500
  • Operating Expense $11,850
  • Gross Income $67,800
  • Net Operating Income $48,078

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,079

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 9
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 599900
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding
  • Roof Structure: Pitched
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Fuses, Separate Meters, Service - 0 to 100 Amps
  • Heat/Ventilation: Gas,Hot Water,Baseboard

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 1775
  • Water Sewer Expenses: 2500
  • Janitor Expense: 0
  • Operating Expense Includes: Maintenance,Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.27
  • Lot Dimensions: 61X200
  • Lot Size Sq Ft: 12351
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Other
  • Board Number: 10

Multi Family

  • Net Operating Income: 48078
  • Fuel Expense: 4000
  • Insurance Expense: 2800
  • ElectricExpense: 375
  • GrossIncome: 67800
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 11850
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9078.74
  • Tax Year: 2021

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $550,000 -8.3% --
04/26/2023 04/26/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $599,900 +37.9% --
09/25/2019 09/25/19 Sold $435,000 -3.1% --
09/06/2019 09/06/19 For Sale $449,000 +3.2% --
08/31/2019 08/31/19 Off Market $435,000 -- --
08/07/2019 08/07/19 For Sale $449,000 +3.2% --
07/31/2019 07/31/19 Off Market $435,000 -- --
07/13/2019 07/13/19 Pending -- -- --
07/12/2019 07/12/19 Pending -- -- --
07/10/2019 07/10/19 Pending -- -- --
06/06/2019 06/06/19 Price Changed $449,000 -4.3% --
04/23/2019 04/23/19 For Sale $469,000 +53.8% --
07/01/2015 07/01/15 Sold $305,000 -12.2% --
05/28/2015 05/28/15 Pending -- -- --
09/17/2014 09/17/14 For Sale $347,500 -- --
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: 11756837

Midwest Real Estate Data (MRED)