NOT LISTED FOR SALE
14 Beds
14 Baths
-- Sq Ft
9,684 Sq Ft Lot Lot

Sale Details

Date Sold: November 15, 2024

Last sale price $1,450,000

56 Days on Market

Highlights

  • Central Heating
  • Baseboard Heating
  • 2-minute walk to Dobson-Brummel Park
  • Evanston Township High School Rated A+

About This Home

As of November 2024

This 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

Bob Parris

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,060

Year Built

Built in 1962

Lot Details

9,684 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance,Other
  • Stories: 3
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 14
  • Total Bedrooms: 14
  • Possible Use: Condominium, Multi-Family
  • Basement Description: Slab
  • Fireplaces: 2
  • Dishwashers: 0
  • Refrigerators: 14
  • Ranges: 14
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site
  • Heat/Ventilation: Central Bldg Heat,Gas,Baseboard,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 5611
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2151
  • Water Sewer Expenses: 5171
  • Operating Expense Includes: Licenses,Maintenance,Pest Control,Snow Removal,Supplies

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.22
  • Lot Dimensions: 82' X 118.1'
  • Lot Size Sq Ft: 9684
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Other
  • Board Number: 2
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 96455
  • Fuel Expense: 7771
  • Insurance Expense: 7689
  • ElectricExpense: 932
  • GrossIncome: 187044
  • Maintenance Expense: 18329
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 91809
  • Type Multi-Family: Corridor-Exterior Entrance,Other

Tax Info

  • Tax Annual Amount: 27060
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12066603

Midwest Real Estate Data (MRED)
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