Seller's Agent in 2024
Bob Parris
Manchester Realty
(847) 650-1999
1 in this area
71 Total Sales
14
Beds
14
Baths
--
Sq Ft
9,583
Sq Ft Lot
Highlights
- Central Heating
- Baseboard Heating
- 2-minute walk to Dobson-Brummel Park
- Chute Middle School Rated 9+
About This Home
As of November 2024This California-style, multi-family building is comprised of 14 one-bedroom units with individual, exterior doors for each unit. The Gross Scheduled Income is about $188,000 per year and a 6.3% CAP Rate. Excellent value-add opportunity: new owner can upgrade the heating system, roof, individual units, and management to create short-term and long-term gains. ------ Seller had supply-line risers, ground-level horizontals, and mechnical room hot/cold lines replaced with new copper in 2022. The common utility area contain the older gas-boiler, 9 year-old water heater, individual electric meters, storage lockers, and management-owned coin-operated washers and dryers. There are at least 11 parking spaces, but there is enough room to improve the parking ratio to 1:1. Ask Listing Agent for the latest roof information. ------ Buyers and buyer's reps will be required to complete and sign a short questionnaire and confidentiality agreement to gain access to more details, interior photographs, and in-person showings. ------ Showings will be available on July 10th from 3-4PM. Please contact agent by email to register for access.
Last Agent to Sell the Property
Manchester Realty License #471015086 Listed on: 07/01/2024
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,060
Year Built
- Built in 1962
Lot Details
- 9,684 Sq Ft Lot
- Lot Dimensions are 82' x 118.1'
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
- Membrane Roofing
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating
- Baseboard Heating
- Heating System Uses Gas
- Radiant Heating System
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 14 Units
Building Details
- Electric Expense $932
- Fuel Expense $7,771
- Insurance Expense $7,689
- Maintenance Expense $18,329
- Manager Expense $5,611
- Other Expense $13,551
- Trash Expense $2,151
- Water Sewer Expense $5,171
- Operating Expense $91,809
- Gross Income $187,044
- Net Operating Income $96,455
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $1,450,000 | -4.9% | -- |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | Price Changed | $1,525,000 | -10.0% | -- |
| 07/02/2024 07/02/24 | For Sale | $1,695,000 | -- | -- |
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 | $8,095 | $51,655 | $5,463 | $46,192 |
| 2024 | $8,095 | $33,004 | $5,750 | $27,254 |
| 2023 | $7,766 | $33,004 | $5,750 | $27,254 |
| 2022 | $7,766 | $33,004 | $5,750 | $27,254 |
| 2021 | $8,549 | $31,788 | $5,750 | $26,038 |
| 2020 | $4,216 | $31,788 | $5,750 | $26,038 |
| 2019 | $7,545 | $31,788 | $5,750 | $26,038 |
| 2018 | $6,598 | $23,767 | $4,312 | $19,455 |
| 2017 | $5,902 | $23,767 | $4,312 | $19,455 |
| 2016 | $5,678 | $23,767 | $4,312 | $19,455 |
| 2015 | $5,894 | $21,674 | $3,953 | $17,721 |
| 2014 | $5,838 | $21,674 | $3,953 | $17,721 |
| 2013 | $5,703 | $21,674 | $3,953 | $17,721 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Parris
-
N
Buyer's Agent in 2024
Non Member
NON MEMBER
Source: Midwest Real Estate Data (MRED)
MLS Number: 12066603
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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