NOT LISTED FOR SALE

934 Marengo Ave Forest Park, IL 60130

9 Beds
6 Baths
3,520 Sq Ft
6,250 Sq Ft Lot

Last Sold July 06, 2021

Last sale price $560,000 $159 Per Sq Ft

2 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 2-minute walk to Maple Park

About This Home

As of July 2021

Amazing investor opportunity. Solid brick 6 unit- three 2br and three 1br. Two units are in the process of being updated and the other four units are scheduled for updates. Current tenants are long time renters and are paying below market rates. Upside potential for rents. Prime Forest Park location: close to transportation, schools and Forest Park park which includes an aquatic center. Parking in rear for nine cars. Being sold "as is".

Last Agent to Sell the Property

Jack Lattner

Compass License #475157613 Listed on: 06/07/2021

Compass

Last Buyer's Agent

John Warren

Second City Real Estate License #471020680

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,962

Year Built

  • Built in 1970

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50x124

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $3,000
  • Insurance Expense $4,800
  • Trash Expense $1,224
  • Water Sewer Expense $4,200
  • Operating Expense $13,584
  • Gross Income $64,800
  • Net Operating Income $39,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,962

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1970
  • 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: 6
  • Total Bedrooms: 9
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 545000
  • Roof: Composition
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Individual, Wall Sleeve
  • Electric: Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1224
  • Water Sewer Expenses: 4200
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X124
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 16
  • Tenancy Type: Month To Month

Building Info

  • BuildingAreaTotal: 3520
  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 39254
  • Fuel Expense: 3000
  • Insurance Expense: 4800
  • ElectricExpense: 360
  • GrossIncome: 64800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 13584
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 11962
  • Tax Year: 2019

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

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $560,000 +2.8% $159 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $545,000 -- $155 / Sq Ft
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: 11115178

Midwest Real Estate Data (MRED)