NOT LISTED FOR SALE

Estimated Value: $682,000

31 Beds
18 Baths
-- Sq Ft
0.67 Acres

Last Sold January 27, 2016

Last sale price $900,000

Est. 24% decrease in value since last sale

Current estimated payment $4,227/month

84 Days on Market

About This Home

As of January 2016

The subject property is a four building portfolio consisting of three buildings on the west side of Raymond Street (13 units) and a four unit building on the east side of Raymond Street. The total portfolio consists of 8 one bedroom units, 6 two bedroom units, 2 three bedroom units, and 1 five bedroom two bathroom house. The property offers laundry facilities for residents along with a courtyard setting in the middle of the property. The units have received renovations making this a turn-key investment moving forward. Property in very good shape. 2nd PIN is 06-12-359-014

Last Agent to Sell the Property

Edward Liss

Triton Realty Group LLC License #475135935 Listed on: 09/21/2015

Last Buyer's Agent

Edward Liss

Triton Realty Group LLC License #475135935 Listed on: 09/21/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 0.67

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $7,784

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 101119
  • Repairs Decor Expense: 5100
  • Scavenger Expense: 1100
  • Total Annual Exp: 61852
  • Total Annual Income: 162971
  • Total Monthly Income: 14022
  • Number of Ranges: 17
  • Number Of Refrigs: 17
  • Number Of Stories: 2
  • Estimated Year Built: 1900
  • Type Multi Family: Garden Complex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Exterior Features

  • Acreage: 0.67
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Gas
  • Water Expense: 5246

Condo/Co-op/Association

  • Units in Building: 17

Fee Information

  • Janitor Expense: 8569

Lot Info

  • Lot Dimensions: 36,200 SF
  • Lot Sq Ft: 36200
  • Parcel Identification Number: 0613381018

Rental Info

  • Gross Rental Income: 168264
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2014
  • Insurance Expense: 7784
  • Other Expenses: 1700
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 22853

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Jan 27, 2016
Sold by
Jarvis Robert C
Bought by
Raymond Place Real Estate Llc
Seller's Agent
Edward Liss
Triton Realty Group LLC
Buyer's Agent
Edward Liss
Triton Realty Group LLC
List Price
$1,105,000
Sold Price
$900,000
Premium/Discount to List
-$205,000
-18.55%
Current Estimated Value
$682,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$218,000

Purchase Details

Closed on
Jun 3, 2013
Sold by
Md Properties Llc
Bought by
Jarvis Robert

Purchase Details

Closed on
Jan 27, 2011
Sold by
Parks Michael
Bought by
Md Properties Llc

Purchase Details

Closed on
Sep 22, 2010
Sold by
Harris Na
Bought by
Parks Michael

Purchase Details

Closed on
Oct 5, 2009
Sold by
Creative Assistance Development
Bought by
Amcore Bank Na

Purchase Details

Closed on
May 13, 2004
Sold by
Conlin Jim
Bought by
Creative Assistance Development Inc

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
6.35%
Mortgage Type
Commercial
Source: Public Records
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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
Raymond Place Real Estate Llc $900,000 Attorneys Title Guaranty Fun
Jarvis Robert $507,500 Attorneys Title Guaranty Fun
Md Properties Llc -- None Available
Parks Michael $375,000 Chicago Title Insurance Co
Amcore Bank Na -- None Available
Creative Assistance Development Inc $500,000 Integrity Title
Conlin James W $775,000 Integrity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Creative Assistance Development Inc $775,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2016 01/27/16 Sold $900,000 -18.6% --
12/14/2015 12/14/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $1,105,000 -- --
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 $29,085 $363,436 $34,915 $328,521
2023 $25,013 $293,420 $31,543 $261,877
2022 $23,517 $271,215 $28,762 $242,453
2021 $24,972 $279,905 $26,890 $253,015
2020 $24,371 $267,213 $25,671 $241,542
2019 $23,773 $254,537 $24,453 $230,084
2018 $15,671 $158,507 $23,036 $135,471
2017 $16,223 $157,732 $22,923 $134,809
2016 $15,606 $146,332 $21,266 $125,066
2015 -- $134,126 $19,492 $114,634
2014 -- $132,470 $19,251 $113,219
2013 -- $135,964 $19,759 $116,205
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09044950

Midwest Real Estate Data (MRED)

APN: 06-13-381-018