NOT LISTED FOR SALE

940 Westmoreland Dr Vernon Hills, IL 60061

Estimated Value: $1,106,000 - $1,181,680

12 Beds
8 Baths
-- Sq Ft
44 Sq Ft Lot

Last Sold September 12, 2019

Last sale price $695,000

Est. 65% increase in value since last sale

Current estimated payment $8,108/month

4 Days on Market

About This Home

As of September 2019

MULTIPLE OFFERS SUBMITTED Excellent Investment Opportunity. Rarely available: 8 unit apt building in Stevenson School District. 4-1Bed & 4- 2 bed, bath & a half apartments. District 96 & 125. USE SHOWING ASSIST FOR SHOWINGS. Management Company on-site. Orig Owner! Never been listed!

Last Agent to Sell the Property

Shawna Smilgius

Pace Realty Group, Inc. License #471004437 Listed on: 08/19/2019

Last Buyer's Agent

Jerzy Siudyla

Charles Rutenberg Realty License #471016174

Charles Rutenberg Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,881

Year Built

  • 1974

Lot Details

  • 44

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for electric
  • $9,830 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,881

Year Built

1974

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 60700
  • Owners Assoc: Yes
  • Total Annual Exp: 45740
  • Total Annual Income: 106440
  • Total Monthly Income: 8870
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Window A C: 8
  • Number Of Stories: 2
  • Estimated Year Built: 1974
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1974

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Hot Water, Steam, Baseboard

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electrical Service: 0-100 Amps

Lot Info

  • Lot Dimensions: 3498
  • Parcel Identification Number: 15072000350000

Rental Info

  • Gross Rental Income: 8720
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2019
  • Gross Rent Multiplier: 6
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 17997

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Sep 11, 2019
Sold by
Ambrus Thomas W and Ambrus Barbara A
Bought by
940 Westmoreland Inc
Seller's Agent
Shawna Smilgius
Pace Realty Group, Inc.
Buyer's Agent
Jerzy Siudyla
Charles Rutenberg Realty
List Price
$715,000
Sold Price
$695,000
Premium/Discount to List
-$20,000
-2.8%
Current Estimated Value
$1,147,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,170
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Dec 7, 2010
Sold by
Atg Trust Company
Bought by
Ambrus Thomas W and Ambrus Barbara A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
940 Westmoreland Inc $695,000 Ata Gmt Title Agency
Ambrus Thomas W -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2019 09/12/19 Sold $695,000 -2.8% --
08/23/2019 08/23/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $715,000 -- --
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 $24,881 $266,882 $57,991 $208,891
2023 $20,622 $251,823 $54,719 $197,104
2022 $20,622 $209,037 $45,422 $163,615
2021 $19,932 $206,783 $44,932 $161,851
2020 $19,497 $207,488 $45,085 $162,403
2019 $18,978 $206,723 $44,919 $161,804
2018 $17,760 $199,136 $43,270 $155,866
2017 $17,523 $194,488 $42,260 $152,228
2016 $16,922 $186,237 $40,467 $145,770
2015 $16,665 $174,167 $37,844 $136,323
2014 $17,059 $176,479 $38,346 $138,133
2012 $17,049 $176,833 $38,423 $138,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10491419

Midwest Real Estate Data (MRED)

APN: 15-07-200-035