Sold
Last Sold Price
20 beds
5700 108th St, Chicago Ridge, IL 60415
Multi FamilyProperty Type
0.29 acresLot Size
1971Year Built

Description

The unit mix is comprised of four one-bedroom / one-bathroom units and eight two-bedroom / one-bathroom units measuring approximately 800 and 1,000 square feet, respectively. The property features ample off-street parking and an on-site laundry facility. The property is surrounded by public schools, local parks, retail stores, grocery markets, and restaurants. Chicago Ridge Mall, Ford City Mall, and Rivercrest Shopping Center are all within a five-mile radius. This investment offers an investor the...The unit mix is comprised of four one-bedroom / one-bathroom units and eight two-bedroom / one-bathroom units measuring approximately 800 and 1,000 square feet, respectively. The property features ample off-street parking and an on-site laundry facility. The property is surrounded by public schools, local parks, retail stores, grocery markets, and restaurants. Chicago Ridge Mall, Ford City Mall, and Rivercrest Shopping Center are all within a five-mile radius. This investment offers an investor the opportunity to acquire a fully occupied, well-maintained asset in a desirable Chicago Ridge location.

    Sold By Keller Williams Rlty Partners

    • Listed by: Jordan 847.757.7409 japostolov@equityreg.com • RPM Real Estate
    Listing closed: 11/16/2017 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09718978

    Location

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    $6,042 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $4,448

    Property Taxes

    $1,595

    HOA Dues

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    Property Information for 5700 108th Street

    Property Details
    • Taxes: $19,135 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Cook County
    • Area: Chicago Ridge
    • Township: WORTH
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 12
    • Year Built: 1971
    • Lot Size: 0.29 AC / 12,632 SF
    General Information
    Location and General Information
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Gas,Hot Water
    • Num of Baths: 12.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 12698
    • Stories: 3
    Property and Assessments
    • Photos Count: 9
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 12
    Income & Expenses
    • Electric Expense: $700.00
    • Fuel Expense: $4,641.00
    • Gross Income: $13,560.00
    • Gross Scheduled Income: $124,209.00
    • Insurance Expense: $4,434.00
    • Maintenance Expense: $4,800.00
    • Janitor Expense: 3600
    • Total Monthly Income: 11300
    • Net Operating Income: $71,956.00
    • Operating Expense: $52,253.00
    • Other Expense: $9,210.00
    • Trash Expense: $1,283.00
    • Water Sewer Expense: $4,440.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 8
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 4
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 5700 108th Street

    DateEvent & SourcePriceAppreciation
    Nov 16, 2017

    Sold

    MRED #09718978

    $875,000
    Nov 11, 2017

    Sold (Public Record)

    Public Record #609667872

    $875,000

    +1659.2% / yr

    Sep 24, 2017

    Pending

    MRED #09718978

    DateEvent & SourcePrice
    11/16/2017

    Sold

    MRED #09718978

    $875,000
    11/11/2017

    Sold (Public Record)

    Public Record #609667872

    $875,000

    +1659.2% / yr

    09/24/2017

    Pending

    MRED #09718978

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

    Public Records for 5700 108th Street

    Taxable ValueLand$7,619Additions$46,135Total$53,754
    Tax Record2024$17,624 ($1,469 / month)
    Home Facts
    Total Finished SqFt12,000 SqFtAbove Grade Finished SqFt12,000 SqFtStories3Lot Size12,698 SqFtStyleMulti-Family Res (5+ Units)Year Built1970Year Renovated1970CountyCOOKAPN24-17-412-017-0000

    Schools near 5700 108th Street

    This home is within Chsd 218 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Ridge Central Elementary School
    PublicPK to 5

    Elden D Finley Jr High School
    Public6 to 8

    Harold L. Richards High School
    Public9 to 12

    Delta Learning Center
    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 RPM Real Estate

    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 11/17/2017 02:05 PM. 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.