NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold April 08, 2022

Last sale price $725,000

9 Days on Market

Highlights

  • Property is near a park
  • Screened Porch
  • Stamped Concrete Patio
  • Niles North High School Rated A+
  • Soaking Tub
  • Paved or Partially Paved Lot

About This Home

As of April 2022

Great Investment property. Cap Rate over 7% . Turn key investment. Needed updates done for you. Great Solid Brick well maintained 4 Flat. Some unit got updated kitchens & baths. Some units have Stainless Steel appliances. One unit was updated with top quality finishes (rent $1600/mo). New roof ($40K 2021), all chimneys got caps installed, all newer windows, tuck pointing done on whole building... Two Full basements with 2 entrances, high ceiling, newer HVAC, heating units & water heaters, extra storage rooms. North laundry with modern high-end Washer & Dryer and South laundry with coin washer & dryer. There are 5 parking spaces on the back of the building. Tenants pay own utilities. Owner pays water bill. Good school district. Close to Skokie Swift, Yellow line, Old Orchard mall, Weber Park, I-94, transportation... Great location. All unit tenant occupied. The one unit could be available for new owner if buying as owner occupied. Limited Showings, only to serious buyers. Priced for quick sale. Selling As-Is. Drive by, send offer.

Last Agent to Sell the Property

Tamara Vesna

RE/MAX City License #475104268 Listed on: 02/23/2022

RE/MAX City

Last Buyer's Agent

Adeel Makda

Real People Realty License #475178838

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,538

Year Built

  • Built in 1953

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30 x 120
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Screened Porch
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Stamped Concrete Patio
  • Property is near a park

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,560
  • Insurance Expense $2,000
  • Maintenance Expense $960
  • Water Sewer Expense $1,140
  • Gross Income $67,320
  • Net Operating Income $50,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,538

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1953
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished,Exterior Access
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Patio, Porch, Porch Screened, Stamped Concrete Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley, Off Street
  • ParkingTotal: 5
  • Number of Cars: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1140

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.08
  • Lot Dimensions: 30 X 120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 50122
  • Insurance Expense: 2000
  • ElectricExpense: 1560
  • GrossIncome: 67320
  • Maintenance Expense: 960
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 11537.63
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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
04/08/2022 04/08/22 Sold $725,000 0.0% --
03/04/2022 03/04/22 Pending -- -- --
03/04/2022 03/04/22 For Sale -- -- --
02/28/2022 02/28/22 Off Market $725,000 -- --
02/23/2022 02/23/22 For Sale $679,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11330620

Midwest Real Estate Data (MRED)