Sold
Last Sold Price
11 beds
8501 Cermak Rd, North Riverside, IL 60546
Multi FamilyProperty Type
5,450 sq ftLot Size
1965Year Built
6 carsParking Spaces

Description

Corner brick 6 unit with attached 2 car garage. Prime location and cream puff to manage. Long time owner. Five - 5 rm 2 br units and one studio. Oak cabinet kitchens and ceramic baths. New roof 2015/garage 2013. Can easily increase income with market rent and garage rental.Corner brick 6 unit with attached 2 car garage. Prime location and cream puff to manage. Long time owner. Five - 5 rm 2 br units and one studio. Oak cabinet kitchens and ceramic baths. New roof 2015/garage 2013. Can easily increase income with market rent and garage rental.

    Sold By Skydan Real Estate Sales, LLC

    • Listed by: James Stillo 708.334.9001 stillo@skydangroup.com • Skydan Real Estate Sales, LLC
    Listing closed: 01/06/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10577975

    Location

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    $3,696 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,745

    Property Taxes

    $951

    HOA Dues

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    Property Information for 8501 Cermak Road

    Property Details
    • Taxes: $11,413 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Cook County
    • Area: North Riverside
    Building Information
    • Stories: 2
    • Residences: 6
    • Year Built: 1965
    • Lot Size: 0.13 AC / 5,450 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    • Outdoor Parking: 1-5 Spaces
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Central Bldg Heat
    • # Of Refrigerators: 6
    • Num of Baths: 0.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Interior Entrance
    • Lot Dimensions: 50X109
    • Stories: 2
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Structure: Flat
    • # Of Ranges: 6
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 8
    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: $.00
    • Fuel Expense: $2,808.00
    • Gross Income: $65,200.00
    • Gross Scheduled Income: $65,200.00
    • Insurance Expense: $3,710.00
    • Maintenance Expense: $.00
    • Janitor Expense: 0
    • Total Monthly Income: 5440
    • Net Operating Income: $42,253.00
    • Operating Expense: $22,947.00
    • Other Expense: $.00
    • Trash Expense: $890.00
    • Water Sewer Expense: $4,126.00
    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: 5
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 935
    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: 2
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 670
    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 8501 Cermak Road

    DateEvent & SourcePriceAppreciation
    Jan 6, 2020

    Sold (Public Record)

    Public Record #660471475

    $540,000

    +2.4% / yr

    Jan 6, 2020

    Sold

    MRED #10577975

    $540,000
    Dec 3, 2019

    Pending

    MRED #10577975

    DateEvent & SourcePrice
    01/06/2020

    Sold (Public Record)

    Public Record #660471475

    $540,000

    +2.4% / yr

    01/06/2020

    Sold

    MRED #10577975

    $540,000
    12/03/2019

    Pending

    MRED #10577975

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

    Public Records for 8501 Cermak Road

    Taxable ValueLand$5,377Additions$59,623Total$65,000
    Tax Record2023$15,618 ($1,302 / month)
    Home Facts
    Baths6Total Finished SqFt5,504 SqFtAbove Grade Finished SqFt5,504 SqFtStories2Lot Size5,377 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountyCOOKAPN15-26-105-034

    Schools near 8501 Cermak Road

    This home is within Komarek School District 94.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Rating
    School
    Distance
    Komarek Elementary School
    PublicPK to 8

    Riverside Brookfield Twp 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 Skydan Real Estate Sales, 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 08:35 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.