NOT LISTED FOR SALE

Estimated Value: $266,000 - $418,603

5 Beds
4 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold June 01, 2022

Last sale price $365,000

Est. 13% decrease in value since last sale

Current estimated payment $2,135/month

Highlights

  • Water Softener is Owned
  • Ceiling Fan
  • Multiple Water Heaters

About This Home

As of June 2022

Rare opportunity to get a piece of the hot Sycamore rental market. This professionally maintained brick building is turn key, and ready for a new owner. It features 3 one-bedroom and 1 two-bedroom apartments, off street parking, and coin laundry. In 2019 all heating units were replaced, along with all water heaters, and both coin laundry machines. The roof was replaced in 2015, and the sidewalks and driveway were replaced in 2018. New windows with warranties were installed in 2020. All units have been updated and rent very easy. Current rents are low due to great tenants, but could easily be raised $100 or more per unit in this market. Separate meters for gas and electric so tenants pay those utilities. Owner pays water.

Last Agent to Sell the Property

Jeff Patton

J & A Real Estate License #471000316 Listed on: 05/02/2022

Last Buyer's Agent

Alison Rosenow

American Realty Illinois LLC License #471001608

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,334

Year Built

  • Built in 1960 | Remodeled in 2020

Lot Details

  • Lot Dimensions are 75 x 80

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Water Softener is Owned
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Maintenance Expense $679
  • Water Sewer Expense $1,891
  • Gross Income $37,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,334

Year Built

Built in 1960 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: Water-Softener Owned, TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 8
  • Number of Cars: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 1891

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75 X 80
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 37260
  • Maintenance Expense: 679
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5333.84
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Jun 1, 2022
Sold by
Patton and Angela
Bought by
Cardella Frederick C
Seller's Agent
Jeff Patton
J & A Real Estate
Buyer's Agent
Alison Rosenow
American Realty Illinois LLC
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%
Current Estimated Value
$317,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,849
Avg. Annual Appreciation
-3.78%
Original Mortgage
$251,568
Outstanding Balance
$239,839
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$77,312

Purchase Details

Closed on
Apr 26, 2019
Sold by
Katheleen M Lindenmayer Trust
Bought by
Patton Jeffrey and Patton Angela

Purchase Details

Closed on
Jan 20, 2017
Sold by
Lindenmayer Kathleen M
Bought by
Lindenmayer Kathleen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cardella Frederick C $365,000 Law Offices Of Robert P Nolan
Patton Jeffrey $175,000 Attorney
Lindenmayer Kathleen M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardella Frederick C $251,568
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $365,000 -3.9% --
05/04/2022 05/04/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $379,900 -- --
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
2024 $5,853 $70,856 $11,591 $59,265
2023 $5,624 $64,702 $10,584 $54,118
2022 $5,624 $59,343 $9,707 $49,636
2021 $5,334 $55,283 $9,113 $46,170
2020 $5,827 $59,640 $8,889 $50,751
2019 $5,741 $58,333 $8,694 $49,639
2018 $5,830 $58,298 $8,430 $49,868
2017 $5,704 $55,991 $8,096 $47,895
2016 $5,586 $53,437 $7,727 $45,710
2015 -- $50,293 $7,272 $43,021
2014 -- $47,757 $6,905 $40,852
2013 -- $48,672 $7,037 $41,635
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11393396

Midwest Real Estate Data (MRED)

APN: 06-32-230-006