NOT LISTED FOR SALE
24 Beds
12 Baths
-- Sq Ft
1974 Built

Last Sold June 24, 2021

Last sale price $1,325,000

6 Days on Market

About This Home

As of June 2021

Excellent opportunity to purchase this fully renovated 12 flat in Alsip. All units with 2 bedrooms and 1 bath. Current owner completed the renovation of all units between 2015-2016. All New kitchens, baths, flooring etc. 1 parking space per unit. Full basement with storage for each apartment. All 12 units equipped with electric water heaters and electric heaters. 3 washers and 3 dryers for extra monthly income. Fully occupied with some long term tenants. Great income property. Schedule your showing today.

Last Agent to Sell the Property

Matt Lesniak

Homeland Group Inc License #471015581 Listed on: 04/27/2021

Co-Listed By

Renata Szwab

Home Realty Group, Inc License #475186927

Last Buyer's Agent

Colleen McCormack

Coldwell Banker Realty License #475143578

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,277

Year Built

  • Built in 1974

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Additional Features

  • 3-Story Property
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,400
  • Insurance Expense $5,000
  • Trash Expense $2,173
  • Water Sewer Expense $4,358
  • Operating Expense $40,208
  • Gross Income $162,000
  • Net Operating Income $121,792

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,277

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 24
  • Fireplaces: 3
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 12
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 1275000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2173
  • Water Sewer Expenses: 4358
  • Janitor Expense: 0
  • Operating Expense Includes: Insurance,Trash,Water/Sewer,Electricity,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 160X180 APPROX.
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 121792
  • Insurance Expense: 5000
  • ElectricExpense: 2400
  • GrossIncome: 162000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 40208
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 26277
  • Tax Year: 2019

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $1,325,000 +3.9% --
05/03/2021 05/03/21 Pending -- -- --
05/03/2021 05/03/21 For Sale -- -- --
04/27/2021 04/27/21 For Sale $1,275,000 -- --
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: 11067123

Midwest Real Estate Data (MRED)