NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $480,000

11 Days on Market

Highlights

  • Lower Floor Utility Room
  • Baseboard Heating
  • Paved or Partially Paved Lot
  • Lyons Township High School Rated A+

About This Home

As of April 2020

Meticulously maintained brick 3 unit. Fully occupied. Coin operated laundry in full basement with ample storage for tenants and owner. 5 parking spaces located in rear of property. Updated windows, kitchens and baths, common areas recently painted. Located in highly rated La Grange and Lyons township school districts. Close proximity to school, shopping and public transportation. Convenient access to expressway. Great investment opportunity. A must see.

Last Agent to Sell the Property

Nick Lambros

Property Services Network License #471018612 Listed on: 02/03/2020

Last Buyer's Agent

Pawel Gal

Realty Executives Elite License #475182415

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,516

Year Built

  • Built in 1970

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 55x130
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Schools

  • Lincoln Elementary School
  • Washington Middle School
  • Lyons Twp High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $529
  • Fuel Expense $2,028
  • Insurance Expense $2,248
  • Maintenance Expense $1,949
  • Manager Expense $1,200
  • Professional Management Expense $2,059
  • Trash Expense $1,499
  • Water Sewer Expense $2,109
  • Gross Income $52,860
  • Net Operating Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,516

Year Built

Built in 1970

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 2059
  • Year Built: 1970
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Sump Pump
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

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

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Manager Expense: 1200
  • Community Features: Curbs, Sidewalks, Street Paved

Fee Information

  • Trash Expense: 1499
  • Water Sewer Expenses: 2109
  • Other Expenses $: 7259

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Washington Middle School

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.12
  • Lot Dimensions: 55X130
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 31800
  • Fuel Expense: 2028
  • Insurance Expense: 2248
  • ElectricExpense: 529
  • GrossIncome: 52860
  • Maintenance Expense: 1949
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 7515.72
  • Tax Year: 2018
  • Tax Exemptions: None
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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
04/03/2020 04/03/20 Sold $480,000 -3.7% --
02/14/2020 02/14/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $498,500 +60.8% --
09/23/2013 09/23/13 Sold $310,000 -3.1% -- View Prior Sale
07/30/2013 07/30/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $320,000 -- --
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
2025 $14,410 $51,000 $3,857 $47,143
2024 $14,410 $51,000 $3,857 $47,143
2023 $13,416 $47,036 $3,857 $43,179
2022 $13,416 $37,271 $3,325 $33,946
2021 $12,829 $37,271 $3,325 $33,946
2020 $12,735 $39,781 $3,325 $36,456
2019 $7,274 $23,193 $3,059 $20,134
2018 $6,988 $23,193 $3,059 $20,134
2017 $6,667 $23,193 $3,059 $20,134
2016 $7,608 $22,248 $2,660 $19,588
2015 $7,306 $22,248 $2,660 $19,588
2014 $7,112 $22,248 $2,660 $19,588
2013 $10,390 $32,894 $2,660 $30,234
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 10626525

Midwest Real Estate Data (MRED)
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