Last Sold Price
405 E Reed St, Braidwood, IL 60408

Description

Based on funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent RA, a one percent loan for purchase and a $50,000 grant for purchase expenses. APPROVED SALE PRICE, offered first to non-profits locally, then nationally. subject USDA rural Development Rules- contact us for program outlines and requirements. Property is very stable 2-story apartment complex. This secure property has a total of 24 apartments comprised of 12 one-bedroom...Based on funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent RA, a one percent loan for purchase and a $50,000 grant for purchase expenses. APPROVED SALE PRICE, offered first to non-profits locally, then nationally. subject USDA rural Development Rules- contact us for program outlines and requirements. Property is very stable 2-story apartment complex. This secure property has a total of 24 apartments comprised of 12 one-bedroom units and 12 two-bedroom units. Please note: Local non-profit organizations and public agencies have priority over regional and national non-profit organizations and public agencies.
LISTING CLOSED: 06/01/2021 12:00 AM

Property Details for 405 East Reed Street

Status
MLS #
10163453
Days on Market
794
Taxes
$7,146 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Condo/Townhouse
Year Built
1986
Lot Size
1.39 AC / 60,548 SF
Area
Braidwood
Township
Reed
Num Of Parking Spaces
36.0
Zoning
MULTI

Location

Add your commute

Building Information for 405 East Reed Street

Stories2Residences24Year Built1986Building Size-Lot Size1.39 AC / 60,548 SF

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$5,424 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,829

Property Taxes

$596

HOA Dues

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Property Information for 405 East Reed Street

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Electric,Baseboard
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 16-25 Years
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 60548.4
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 01-03-2019
Multi Family
Multi-Family Information
  • Number Of Units Total: 24
Income & Expenses
  • Electric Expense: $2,071.00
  • Fuel Expense: $2,219.00
  • Gross Income: $75,481.00
  • Gross Scheduled Income: $80,425.00
  • Insurance Expense: $3,898.00
  • Maintenance Expense: $10,558.00
  • Janitor Expense: 3855
  • Total Monthly Income: 6702
  • Net Operating Income: $10,533.00
  • Operating Expense: $113,543.00
  • Other Expense: $69,161.00
  • Trash Expense: $3,162.00
  • Water Sewer Expense: $20,967.00
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 12
  • # Of Rooms - Unit 1: 3
  • Monthly Income - 1: 365
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 12
  • # Of Rooms - Unit 2: 4
  • Monthly Income - 2: 395
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 3: 0
  • Monthly Income - 3: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 4: 0
  • Monthly Income - 4: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
  • # Of Rooms - Unit 5: 0
  • Monthly Income - 5: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
  • Monthly Income - 6: 0
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 405 East Reed Street

DateEvent & SourcePriceAppreciation
Jun 1, 2021

Sold

MRED #10163453

$950,000
Mar 5, 2021

Pending

MRED #10163453

Jan 2, 2019

Listed (Active)

MRED #10163453

$950,000
DateEvent & SourcePrice
06/01/2021

Sold

MRED #10163453

$950,000
03/05/2021

Pending

MRED #10163453

01/02/2019

Listed (Active)

MRED #10163453

$950,000

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

Schools near 405 East Reed Street

This home is within Reed Custer Community Unit School District 255u.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Reed-Custer Primary School
PublicPK to 1

Reed-Custer Intermediate School
PublicPK to 5

Reed-Custer Middle School
Public6 to 8

Reed-Custer High School
Public9 to 12

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 Realty

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 06/02/2021 05:16 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.