NOT LISTED FOR SALE
7 Beds
6 Baths
4,056 Sq Ft
1959 Built

Last Sold August 19, 2022

Last sale price $825,000 $203 Per Sq Ft

118 Days on Market

Highlights

  • Laundry Room
  • Naper Elementary School Rated A
  • Central Heating

About This Home

As of August 2022

This AMAZING north Naperville 6 flat is an INCREDIBLE investment opportunity! PRIME location, less than two blocks to town and train! This all brick building and all units have been TOTALLY REDONE in the last two years in today's most popular finishes! All six units have been gutted, with new electric panels and outlets and new window air conditioning units added as well. All visible plumbing was replaced. Subflooring replaced with high-grade non-scratch commercial flooring. The kitchens and baths have been totally updated. Beautiful kitchens boast Shaker cabinets with soft close doors, glass backsplashes, quartz countertops, and islands Stainless refrigerators, microwaves, and cook tops, too. Huge closets in the hall. Large living rooms overlooking the courtyard with new sidewalks and a new common brick paver patio area. Bedrooms have good closet space. Baths with quartz vanities, and porcelain tile and shower surround. Linen closets in baths. Neutral paint, Upscale lighting, door hardware, and plumbing fixtures. White trim and doors. Outside, the staircases and balconies have all been replaced with high-grade materials. Fresh, new landscaping. Coin operated laundry on first floor. Ample parking in the rear lot that has been seal coated every year. Property has been professionally managed and is fully rented. There is always a long list of applicants for these lovely units! Rents could be raised in this area.

Last Agent to Sell the Property

Julie Brown

Baird & Warner License #475115892 Listed on: 04/07/2022

Baird & Warner

Last Buyer's Agent

Lana Erickson

eXp Realty - Geneva License #475164455

eXp Realty - Geneva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,371

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 58 x 165

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,056 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,897
  • Fuel Expense $2,303
  • Insurance Expense $2,786
  • Manager Expense $5,322
  • Other Expense $2,160
  • Trash Expense $1,828
  • Operating Expense $22,546
  • Gross Income $78,900
  • Net Operating Income $55,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,371

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: None
  • Fire Protection: Carbon Monoxide Detector(s)
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Misc Outside: Courtyard,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 5322
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1828
  • Operating Expense Includes: Gardener

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 58 X 165
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4056
  • Building Unit Info: No Units Furnished,Restriction-Pets,Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 55031
  • Fuel Expense: 2303
  • Insurance Expense: 2786
  • ElectricExpense: 1897
  • GrossIncome: 78900
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22546
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 11371
  • Tax Year: 2021
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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 Prior Sale
08/19/2022 08/19/22 Sold $825,000 -8.3% $203 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $900,000 0.0% $222 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/20/2022 06/20/22 Price Changed $900,000 -5.3% $222 / Sq Ft
06/15/2022 06/15/22 For Sale $950,000 0.0% $234 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $950,000 0.0% $234 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/19/2022 04/19/22 Price Changed $950,000 -4.0% $234 / Sq Ft
04/07/2022 04/07/22 For Sale $990,000 +65.0% $244 / Sq Ft
07/29/2019 07/29/19 Sold $600,000 -7.0% -- View Prior Sale
05/28/2019 05/28/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $645,000 -- --
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 $16,011 $261,064 $146,035 $115,029
2023 $15,220 $234,580 $131,220 $103,360
2022 $11,771 $182,170 $45,500 $136,670
2021 $11,372 $175,670 $43,880 $131,790
2020 $11,336 $175,670 $43,880 $131,790
2019 $10,952 $167,080 $41,730 $125,350
2018 $10,317 $157,620 $39,990 $117,630
2017 $10,120 $152,270 $38,630 $113,640
2016 $8,912 $131,650 $33,400 $98,250
2015 $8,945 $125,000 $31,710 $93,290
2014 $9,402 $127,380 $32,310 $95,070
2013 $9,335 $128,260 $32,530 $95,730
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11369192

Midwest Real Estate Data (MRED)