Seller's Agent in 2024
Lisa Graziani
Caporale Realty Group
(708) 417-0612
4 in this area
73 Total Sales
9830 W Grand Ave Franklin Park, IL 60131
Estimated Value: $758,022
7
Beds
8
Baths
--
Sq Ft
0.72
Acres
Highlights
- Laundry Room
- Storage Room
- 4-minute walk to Elder Lane Park
- East Leyden High School Rated A-
- Baseboard Heating
About This Home
As of November 2024Prime investment opportunity to add to your portfolio. Attractive, All brick, well maintained 8 unit building in Prime Franklin Park Location maintained by the same ownership for over 30 years! This asset is comprised of 7 -1 bedroom units and 1 studio. Spacious units featuring hardwood floors, ample closet space, oak cabinet kitchens with ceramic tile flooring in most, including ceramic tiled bathrooms. Tenants have the convenience of Storage units and on-site laundry, owned by the Seller. Separate secure boiler room. 8 parking spots directly behind the building. Long term tenants-rents should be higher, 6 of the 8 units are month to month. Rents are low and can be much higher. Similar 1 bedroom units in the area are renting for $1,350/month, Studio units $800. Raising rents to market rate would generate an additional 27k annually. Property is located in a flood zone, seller has begun the appeal with FEMA.
Last Agent to Sell the Property
Caporale Realty Group License #475149015 Listed on: 05/31/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,426
Year Built
- Built in 1965
Lot Details
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 8 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 8 Units
Building Details
- Fuel Expense $7,200
- Insurance Expense $10,924
- Trash Expense $2,400
- Water Sewer Expense $6,600
- Operating Expense $27,124
- Gross Income $94,800
- Net Operating Income $49,250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2024
Closed on
Nov 19, 2024
Sold by
Connolly James
Bought by
Gp Investment Group Llc
Seller's Agent
Lisa Graziani
Caporale Realty Group
Buyer's Agent
Patrick Giuliano
Agent Realty Partners
List Price
$829,900
Sold Price
$755,000
Premium/Discount to List
-$74,900
-9.03%
Views
107
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,022
Original Mortgage
$1,100,000
Outstanding Balance
$1,096,209
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 29, 2024
Sold by
Julian Connolly Living Trust and Connolly James
Bought by
Connolly James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 19, 2017
Sold by
Connoley Julian
Bought by
Connolly Julian and Connolly James
Purchase Details
Closed on
Nov 12, 2003
Sold by
Connolly Julian E
Bought by
Connolly Julian and Connolly Mercedes A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gp Investment Group Llc | $750,000 | Citywide Title | |
| Connolly James | -- | None Listed On Document | |
| Connolly Julian | -- | None Available | |
| Connolly Julian | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gp Investment Group Llc | $1,100,000 | |
| Previous Owner | Connolly James | $775,000 | |
| Previous Owner | Connolly Julian F | $212,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $755,000 | -5.6% | -- |
| 09/09/2024 09/09/24 | Pending | -- | -- | -- |
| 07/26/2024 07/26/24 | Price Changed | $799,900 | -3.6% | -- |
| 05/31/2024 05/31/24 | For Sale | $829,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $1,678 | $5,466 | $5,391 | $75 |
| 2023 | $1,732 | $5,466 | $5,391 | $75 |
| 2022 | $1,732 | $5,466 | $5,391 | $75 |
| 2021 | $2,164 | $5,464 | $5,390 | $74 |
| 2020 | $2,059 | $5,464 | $5,390 | $74 |
| 2019 | $1,893 | $5,464 | $5,390 | $74 |
| 2018 | $1,472 | $3,649 | $3,593 | $56 |
| 2017 | $1,451 | $3,649 | $3,593 | $56 |
| 2016 | $1,349 | $3,649 | $3,593 | $56 |
| 2015 | $1,361 | $3,486 | $3,437 | $49 |
| 2014 | $1,325 | $3,486 | $3,437 | $49 |
| 2013 | $1,228 | $3,486 | $3,437 | $49 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Graziani
-
Patrick Giuliano
P
Buyer's Agent in 2024
Patrick Giuliano
Agent Realty Partners
(708) 277-5081
1 in this area
9 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12070978
APN: 12-28-228-029-0000
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