NOT LISTED FOR SALE
10 Beds
6 Baths
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: September 2, 2021

Last sale price $510,000

188 Days on Market

About This Home

As of September 2021

HRE is proud to present a six unit property with 100% occupancy. The building is made up of (4) 2/1 and (2) 1/1. The roof was replaced in 2018, hot water heater in 2020, and the boiler was re-built with new valves and motor in 2019. Additional income available with coin laundry. 100% of rents have been collected during this recent pandemic.

Last Agent to Sell the Property

Chris Williams

HRE Real Estate Services License #475183224 Listed on: 02/06/2021

HRE Real Estate Services

Last Buyer's Agent

Ken Houbolt

HRE Real Estate Services License #471016227

HRE Real Estate Services
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,750

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 50x115
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, sewer, varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $2,400
  • Insurance Expense $3,000
  • Trash Expense $732
  • Water Sewer Expense $1,350
  • Operating Expense $19,060
  • Gross Income $64,200
  • Net Operating Income $46,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,750

Year Built

Built in 1963

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Gas

Fee Information

  • Trash Expense: 732
  • Water Sewer Expenses: 1350

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X115

Rental Info

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

Multi Family

  • Net Operating Income: 46340
  • Fuel Expense: 2400
  • Insurance Expense: 3000
  • ElectricExpense: 360
  • GrossIncome: 64200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19060
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12750
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2021
Closed on
Sep 2, 2021
Sold by
Bought by
Seller's Agent
Chris Williams
HRE Real Estate Services
Buyer's Agent
Ken Houbolt
HRE Real Estate Services
List Price
$549,000
Sold Price
$510,000
Premium/Discount to List
-$39,000
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$510,000 Chicago Title
-- Ticor Title
-- Lawyers
$295,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $408,000
Previous Owner $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $510,000 -7.1% --
08/13/2021 08/13/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $549,000 -0.2% --
03/30/2021 03/30/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $549,900 +0.2% --
03/24/2021 03/24/21 Price Changed $549,000 -0.2% --
03/20/2021 03/20/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $549,900 0.0% --
02/16/2021 02/16/21 Pending -- -- --
02/06/2021 02/06/21 For Sale $549,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,508 $22,001 $2,013 $19,988
2024 $7,508 $22,001 $2,013 $19,988
2023 $7,381 $22,001 $2,013 $19,988
2022 $7,381 $18,650 $1,725 $16,925
2021 $7,130 $18,650 $1,725 $16,925
2020 $6,864 $18,650 $1,725 $16,925
2019 $6,375 $16,415 $1,581 $14,834
2018 $6,928 $18,204 $1,581 $16,623
2017 $7,184 $19,193 $1,581 $17,612
2016 $6,276 $15,852 $1,293 $14,559
2015 $6,288 $15,852 $1,293 $14,559
2014 $6,137 $15,852 $1,293 $14,559
2013 $5,478 $15,336 $1,293 $14,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10988918

Midwest Real Estate Data (MRED)
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