NOT LISTED FOR SALE

928 Elder Rd Homewood, IL 60430

7 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold November 19, 2020

Last sale price $345,901

3 Days on Market

Highlights

  • Soaking Tub
  • Shed
  • Heating System Uses Steam
  • Homewood-Flossmoor High School Rated A-
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of November 2020

ATTENTION INVESTORS & FUTURE LANDLORDS - Don't miss your chance to snag this fully occupied FOUR UNIT in H/F school district! Rental income grosses nearly $50k annually! Just half a mile from numerous shops & restaurants & 1 block from James Hart Middle School, this rarely available 2 story 4 unit is a great turn key investment! Long time owner has taken very good care of the property over the years, and several units have long term tenants (12 yrs, 17 yrs!). Three of the units are 2 BR 1 bath units, and 1 unit is a 1 BR/1bath. GORGEOUS HARDWOOD FLOORS. Solid brick exterior & efficient boiler heat keep utility bills low. Water heater replaced in 2014. Convenient coin-laundry in common laundry room w/ storage. Tenants pay their own electric & cooking gas. Plenty of street parking, & small off street parking lot on site as well. Hallways freshly painted. 24 hour notice required for showings. **Buyer to use existing survey**

Last Agent to Sell the Property

Cara Dulaitis

Re/Max 10 License #475171505 Listed on: 10/01/2020

Re/Max 10

Last Buyer's Agent

Rebecca Howard

Coldwell Banker Realty License #471016768

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,817

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60x152
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Homewood-Flossmoor High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Ceiling Fan
  • Shed

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units
  • 4 Unit

Building Details

  • Fuel Expense $2,664
  • Insurance Expense $1,300
  • Gross Income $49,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,817

Year Built

Built in 1963

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • 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: 4
  • Total Bedrooms: 7
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Slab
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Cooktop
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Cooktop
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Cooktop
  • AppliancesAndFeatures: Stove,Refrigerator,Cooktop

Exterior Features

  • Foundation Details: Concrete Perimeter
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved

Schools

  • High School: Homewood-Flossmoor High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.21
  • Lot Dimensions: 60X152
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Fuel Expense: 2664
  • Insurance Expense: 1300
  • GrossIncome: 49440
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 11816.89
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior
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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
11/19/2020 11/19/20 Sold $345,901 +1.7% --
10/04/2020 10/04/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $340,000 -- --
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 $17,141 $40,001 $3,953 $36,048
2024 $17,141 $40,001 $3,953 $36,048
2023 $15,713 $40,001 $3,953 $36,048
2022 $15,713 $29,291 $3,488 $25,803
2021 $14,652 $29,290 $3,487 $25,803
2020 $14,184 $29,290 $3,487 $25,803
2019 $11,817 $29,709 $3,255 $26,454
2018 $14,438 $29,709 $3,255 $26,454
2017 $11,498 $29,709 $3,255 $26,454
2016 $10,903 $24,456 $3,022 $21,434
2015 $10,739 $24,456 $3,022 $21,434
2014 $10,562 $24,456 $3,022 $21,434
2013 $9,524 $24,121 $3,022 $21,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10887919

Midwest Real Estate Data (MRED)
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