NOT LISTED FOR SALE
11 Beds
6 Baths
6,106 Sq Ft
2,943 Sq Ft Lot Lot

Sale Details

Date Sold: December 6, 2022

Last sale price $645,900 $106 Per Sq Ft

4 Days on Market

Highlights

  • Storage Room
  • Central Heating
  • Baseboard Heating
  • Oak Forest High School Rated A-

About This Home

As of December 2022

Great turn key investment opportunity, five 2 bedroom and one 1 bedroom apartments with balconies. located in front of the community pool. The property exterior maintained through the owners association. A very well maintained build with many many recent improvements including hot water tank and roof. 2 washers and 2 dryers. Located near 294, I-57, shopping, restaurants and public transportation. Plenty of parking. Long term owner.

Last Agent to Sell the Property

Frank Bilek

Infiniti Properties, Inc. License #475136795 Listed on: 10/05/2022

Infiniti Properties, Inc.

Last Buyer's Agent

Matt Lesniak

Homeland Group Inc License #471015581

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,575

Year Built

  • Built in 1979

Lot Details

  • 2,943 Sq Ft Lot
  • Lot Dimensions are 54x54
  • Property fronts a private road

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,106 Sq Ft Home
  • 3-Story Property
  • Storage Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • Association fees include parking, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units

Building Details

  • Electric Expense $976
  • Fuel Expense $4,650
  • Insurance Expense $1,544
  • Maintenance Expense $4,690
  • Other Expense $6,600
  • Water Sewer Expense $2,575
  • Operating Expense $31,594
  • Gross Income $91,200
  • Net Operating Income $60,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,575

Year Built

Built in 1979

Lot Details

2,943 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: Show-Lock Box
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Basement Description: Slab
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Partially Sprinklered,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Common Lunchroom/s,Storage Inside
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Private Road, Paved
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip,Pitched
  • Misc Outside: Balcony/ies,Patio

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Community, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): Yes

Fee Information

  • Association Fee Includes: Parking, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Water Sewer Expenses: 2575

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54X54
  • Lot Size Sq Ft: 2943
  • Zoning: MULTI
  • Land Amenities: Pool,Sidewalks,Tennis Court/s

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 6106

Multi Family

  • Net Operating Income: 60606
  • Fuel Expense: 4650
  • Insurance Expense: 1544
  • ElectricExpense: 976
  • GrossIncome: 91200
  • Maintenance Expense: 4690
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 31594
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 17575
  • Tax Year: 2020
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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
12/06/2022 12/06/22 Sold $645,900 -0.6% $106 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $649,900 -- $106 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $20,976 $49,319 $1,692 $47,627
2024 $20,976 $49,319 $1,692 $47,627
2023 $18,690 $58,000 $1,692 $56,308
2022 $18,690 $40,123 $1,472 $38,651
2021 $18,229 $40,122 $1,471 $38,651
2020 $17,575 $40,122 $1,471 $38,651
2019 $16,238 $36,189 $1,324 $34,865
2018 $15,882 $36,189 $1,324 $34,865
2017 $17,173 $39,313 $1,324 $37,989
2016 $14,665 $32,318 $1,177 $31,141
2015 $14,247 $32,318 $1,177 $31,141
2014 $15,669 $36,446 $1,177 $35,269
2013 $12,870 $33,600 $1,177 $32,423
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11645547

Midwest Real Estate Data (MRED)
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