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

    Recent comparable sales

    Median sold price

    $136,000

    Avg days on market

    83

    Sale-to-list ratio

    90.9%

    Sheridan, IL

    9 comparable properties found

    1

    $1,100,000

    Sold 11/25/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    3,150
    Square Feet
    Unavailable
    Acres
    a bathroom with a shower
    1/13
    2

    $99,000

    Sold 11/05/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    13.5
    Acres
    $78,000 | 2627 North 3889th Road, Sheridan, IL 60551
    1/2
    3

    $78,000

    Sold 03/06/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    4.32
    Acres
    4

    $320,000

    Sold 12/01/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    1,530
    Square Feet
    5.09
    Acres
    a view of wooden floor
    1/5
    5

    $415,000

    Sold 05/30/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    24.24
    Acres
    6

    $136,000

    Sold 12/03/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    6,968
    Square Feet
    Unavailable
    Acres
    7

    $220,000

    Sold 06/22/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    672
    Square Feet
    0.24
    Acres
    $20,000 | 4096 East 2430th Road, Sheridan, IL 60551
    1/6
    8

    $20,000

    Sold 02/14/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1.22
    Acres
    a bathroom with a shower
    1/2
    9

    $31,000

    Sold 10/10/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1.01
    Acres

    Location

    Add your commute

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    30 year fixed, 6.55% Interest

    Principal and Interest

    $5,757

    Property Taxes

    $1,972

    HOA Dues

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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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 3937 East 2603rd Road, Sheridan, IL 60551
    $1,132,555
    48
    194,713
    1.5
    1,566
    31,799
    3,120
    $370,000
    5
    1,836
    121,096
    2.5
    4,015
    113,256
    $145,000
    113,256

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    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.