NOT LISTED FOR SALE
12 Beds
6 Baths
6,078 Sq Ft
8,712 Sq Ft Lot

Last Sold April 15, 2021

Last sale price $505,000 $83 Per Sq Ft

19 Days on Market

Highlights

  • Atrium Room
  • Laundry Room
  • Central Heating and Cooling System
  • Oak Forest High School Rated A-
  • Storage Room

About This Home

As of April 2021

6 Unit Flexicore Brick Building! Long time owners are selling this money maker! Located on quiet residential street near the Country Club - 6 identical units on 3 floors - each with 2 bedrooms, 1.1 baths, with walk in closets, pantry, and extra storage/linen closets. Long time tenants in place. 1 empty unit for showings. NEW high efficiency gas water heater keeps the cost down. Coin Laundry (2 washers & 2 dryers) in the basement yields $100/month of additional income. Storage units in the basement provide extra storage for tenants. Flexicore keeps the building quiet and tenants happy. 12 paved parking spaces makes 2 off street parking spaces per unit. Tenants pay their electric bills and in-unit central heat & air. Units are easy to rent, some long term tenants are already in place. Current rental comparisons are $1,100-1,200 per unit.

Last Agent to Sell the Property

Beth Conaghan

eXp Realty License #475170457 Listed on: 01/19/2021

eXp Realty

Last Buyer's Agent

Eileen Hermann

Keller Williams Preferred Rlty License #475179042

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,297

Year Built

  • Built in 1979

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 124x74

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,078 Sq Ft Home
  • 3-Story Property
  • Atrium Room
  • Storage Room
  • Laundry Room
  • Carbon Monoxide Detectors
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Fuel Expense $1,512
  • Insurance Expense $2,416
  • Maintenance Expense $1,592
  • Other Expense $600
  • Trash Expense $1,224
  • Water Sewer Expense $3,240
  • Operating Expense $27,625
  • Gross Income $67,320
  • Net Operating Income $39,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,297

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Basement Description: Unfinished
  • Fire Protection: Carbon Monoxide Detector(s)
  • Misc Inside: Atrium,Inside Corridor/s,Storage Inside,Laundry Room
  • Fireplaces: 2
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies,Enclosed Stairs,Patio

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1224
  • Water Sewer Expenses: 3240
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Snow Removal,Trash,Utilities,Water/Sewer,Electricity,Fixed Expenses,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 124X74
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks
  • Alternate Phone Number: (815) 351-4851

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 6078
  • Building Unit Info: Fire Alarm

Multi Family

  • Net Operating Income: 39625
  • Fuel Expense: 1512
  • Insurance Expense: 2416
  • ElectricExpense: 360
  • GrossIncome: 67320
  • Maintenance Expense: 1592
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27625
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 18297
  • Tax Year: 2019
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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
04/15/2021 04/15/21 Sold $505,000 -1.0% $83 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $509,999 0.0% $84 / Sq Ft
02/04/2021 02/04/21 Price Changed $509,999 +2.0% $84 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $500,000 -- $82 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $18,292 $51,000 $5,175 $45,825
2024 $18,292 $51,000 $5,175 $45,825
2023 $23,418 $51,000 $5,175 $45,825
2022 $23,418 $50,500 $4,500 $46,000
2021 $22,759 $50,500 $4,500 $46,000
2020 $27,624 $63,945 $4,500 $59,445
2019 $18,670 $42,888 $4,050 $38,838
2018 $18,297 $42,888 $4,050 $38,838
2017 $20,823 $50,364 $4,050 $46,314
2016 $16,468 $38,427 $3,600 $34,827
2015 $16,093 $38,427 $3,600 $34,827
2014 $18,107 $44,566 $3,600 $40,966
2013 $14,327 $39,643 $3,600 $36,043
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 10975380

Midwest Real Estate Data (MRED)