Sold
Last Sold Price
48 beds
3937 E 2603rd Rd, Sheridan, IL 60551
Multi FamilyProperty Type
4.47 acresLot Size
1991Year Built
30 carsParking Spaces

Description

Investors this is a 24 unit apartment complex. Six bldgs w/ 4 units in each bldg. In great condition, professionally managed since 1995. Huge apts (approx. 900 sf each) 2 bedroom, 1 bath w/ lower rents. Each bldg has separate parcel #. Coin owned/operated laundry in each bldg. Interior & exterior storage. All roofs have been replaced or repaired within last 3 years. Apt bldgs sit on nearly 4.5 acres of property. Great investment property. All dimensions are approximate.Investors this is a 24 unit apartment complex. Six bldgs w/ 4 units in each bldg. In great condition, professionally managed since 1995. Huge apts (approx. 900 sf each) 2 bedroom, 1 bath w/ lower rents. Each bldg has separate parcel #. Coin owned/operated laundry in each bldg. Interior & exterior storage. All roofs have been replaced or repaired within last 3 years. Apt bldgs sit on nearly 4.5 acres of property. Great investment property. All dimensions are approximate.

    Sold By Results Realty Illinois, Inc

    • Listed by: Tina 815.252.2791 wehavethekeys@att.net • Coldwell Banker The Real Estate Group
    Listing closed: 09/12/2017 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09495027

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    Property Information for 3937 East 2603rd Road

    Property Details
    • Taxes: $23,669 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Other
    • Area: Sheridan
    • Township: ADAMS
    • Air Conditioning Type: Central Air
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI
    Building Information
    • Stories: 2
    • Residences: 24
    • Year Built: 1991
    • Lot Size: 4.47 AC / 194,713 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 31-50 Spaces
    Location and General Information
    • Frontage Type: County Road
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Central Air
    • # Of Washers: 6
    • Heat/Ventilation: Forced Air,Gas
    • # Of Window/Ac: 0
    • # Of Refrigerators: 24
    • Washer/Dryer Lsd: No
    • Misc Inside: Storage Inside
    • # Of Dryers: 6
    • # Of Disposals: 0
    • # Of Dishwashers: 0
    • Num of Baths: 0.0
    Utilities / Equipment
    • Utilities: Sanitary Sewer, Water-Community
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
    • Built Before 1978: No
    • Approximate Age: 26-35 Years
    • Multi-Family Type: Other
    • Lot Dimensions: 274X815X115X17
    • Stories: 2
    • Exterior Building Type: Vinyl Siding
    • Roof Type: Composition
    • Fire Protection: Smoke or Fire Protectors
    • Foundation Details: Concrete Perimeter
    • # Of Ranges: 24
    Property and Assessments
    • Documents Available: Rent Roll
    • Photos Count: 18
    Miscellaneous
    • Current Use: Multi-Family
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 02-06-2017
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 24
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $19,427.00
    • Gross Scheduled Income: $173,760.00
    • Insurance Expense: $.00
    • Maintenance Expense: $.00
    • Total Annual Expense Source: Combination
    • Janitor Expense: 0
    • Total Monthly Income: 14480
    • Net Operating Income: $11,381.00
    • Operating Expense: $71,065.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 4
    • # Of Rooms - Unit 1: 4
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 645
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 4
    • # Of Rooms - Unit 2: 4
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 645
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 4
    • # Of Rooms - Unit 3: 4
    • # Of Full Bthrms - Type 3: 1
    • Monthly Income - 3: 645
    • Monthly Income Max - 3: 695
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 4
    • # Of Rooms - Unit 4: 4
    • # Of Full Bthrms - Type 4: 1
    • Monthly Income - 4: 595
    • Monthly Income Max - 4: 645
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 4
    • # Of Rooms - Unit 5: 4
    • # Of Full Bthrms - Type 5: 1
    • Monthly Income - 5: 595
    • Monthly Income Max - 5: 595
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 4
    • # Of Full Bthrms - Type 6: 1
    • Monthly Income - 6: 595
    • Monthly Income Max - 6: 595
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 3937 East 2603rd Road

    DateEvent & SourcePriceAppreciation
    Sep 12, 2017

    Sold

    MRED #09495027

    $1,132,555—
    Sep 1, 2017

    Sold (Public Record)

    Public Record #1271413186

    $1,133,000—
    Sep 1, 2017

    Sold (Public Record)

    Public Record #1271413188

    $1,133,000—
    DateEvent & SourcePrice
    09/12/2017

    Sold

    MRED #09495027

    $1,132,555
    09/01/2017

    Sold (Public Record)

    Public Record #1271413186

    $1,133,000
    09/01/2017

    Sold (Public Record)

    Public Record #1271413188

    $1,133,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 3937 East 2603rd Road

    Taxable ValueLand$4,734Additions$50,413Total$55,147
    Tax Record2025$3,734 ($311 / month)
    Home Facts
    Total Finished SqFt4,620 SqFtAbove Grade Finished SqFt4,620 SqFtLot Size35,284 SqFtStyleMiscellaneous CommercialYear Built1998Year Renovated1998CountyLASALLEAPN10-17-425-000

    Schools near 3937 East 2603rd Road

    This home is within Serena Community Unit School District 2.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 4
    Public - 5 to 8
    Public - 9 to 12
    Public - PK to 4
    Rating
    School
    Distance
    Sheridan Elementary School
    PublicK to 4

    Serena Middle School
    Public5 to 8

    Serena High School
    Public9 to 12

    Harding Grade School
    PublicPK to 4

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Coldwell Banker The Real Estate Group

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:48 AM. 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.