606 Iowa Ave

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

First time on the market in over 20 yrs! Great investment and very easy to rent. Newer roof windows and some minor inprovements in every unit. Great cul-de-sac location with lots of side yard! Huge concrete parking for 12+ cars. Building has many long-term tenants; for that the owner kept rents low however the rents in the area are between $980 to $1050.First time on the market in over 20 yrs! Great investment and very easy to rent. Newer roof windows and some minor inprovements in every unit. Great cul-de-sac location with lots of side yard! Huge concrete parking for 12+ cars. Building has many long-term tenants; for that the owner kept rents low however the rents in the area are between $980 to $1050.
  1. Listed by Mark Chereso • Gateway Realty LLC
    P: (773)-719-7732 C: (773)-719-7732 mschereso@gatewayrealtors.net

Sold By RE/MAX Suburban

Property Details for 606 Iowa Avenue

Area
Addison
Township
Addison
Num Of Parking Spaces
12.0
Air Conditioning Type
Wall Sleeve
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING CLOSED: 02/05/2021 12:00 AM

Property Details for 606 Iowa Avenue

StatusClosed
MLS #10828152
Days on Market89
Taxes$9,203 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1963
Lot Size0.27 AC / 11,761 SF
CountyDuPage County
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Building Information for 606 Iowa Avenue

Stories3Residences6Year Built1963Building Size-Lot Size0.27 AC / 11,761 SF

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 606 Iowa Avenue

General Information
Addtl Parking Information
  • Indoor Parking: Detached
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: Public Road, Other
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Finished
  • Heat/Ventilation: Gas,Hot Water,Baseboard
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Other,Laundry Room
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • Misc Outside: Storms and Screens (as exist),Other
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: INTEGRAL
  • Lot Size Square Feet: 11761.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Fire Protection: None
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3808
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Documents Available: Tax Bill
  • Public Document Count: 2
  • Document Date: 2020-08-27T23:29:15
  • Photos Count: 20
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Security Entrance,Sidewalks,Other,Cable Ready
  • Location: Cul De Sac
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $371.00
  • Fuel Expense: $2,288.00
  • Gross Income: $57,420.00
  • Gross Scheduled Income: $57,780.00
  • Insurance Expense: $1,548.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Known Encumbrances: First Mortgage
  • Expense Year: 2019
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Net Operating Income Year: 2019
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 4785
  • Water Expense Source: Actual
  • Net Operating Income: $40,210.00
  • Operating Expense: $8,007.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $4,668.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
  • # Of Rooms - Unit 1: 4
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 660
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 2: 3
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 525
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 606 Iowa Avenue

DateEvent & SourcePriceAppreciation
Feb 5, 2021

Sold (Public Record)

Public Record #1457132865

$595,000
Feb 5, 2021

Sold

MRED #10828152

$595,000
Nov 19, 2020

Pending

MRED #10828152

DateEvent & SourcePrice
02/05/2021

Sold (Public Record)

Public Record #1457132865

$595,000
02/05/2021

Sold

MRED #10828152

$595,000
11/19/2020

Pending

MRED #10828152

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

Public Records for 606 Iowa Avenue

Taxable ValueLand$78,768Additions$118,157Total$196,925
Tax Record2024$14,264 ($1,189 / month)
Home Facts
Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtLot Size11,761 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963ZoningACountyDUPAGEAPN03-33-205-017

Schools near 606 Iowa Avenue

This home is within Addison School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ardmore Elementary School
PublicK to 5

Indian Trail Jr High School
Public6 to 8

Addison Trail 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 Gateway Realty LLC

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 09:51 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.