14000 Char Lane

Crestwood, IL 60418

$645,000
Last Sold Price
9
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

End this year strong with this fully turn-key rare find investment opportunity! Start collecting your profits now on this fully occupied 6 unit building which consists of Three- 2 bedroom, 1 Bath units and Three -1 bedroom, 1 Bath units. Five of the units have been completely gutted and rehabbed! New flooring, appliances, cabinets, countertops...the updates are endless! New windows on the front of the building. One of the apartments hasn't been updated due to a long term tenant. Never have an issue...End this year strong with this fully turn-key rare find investment opportunity! Start collecting your profits now on this fully occupied 6 unit building which consists of Three- 2 bedroom, 1 Bath units and Three -1 bedroom, 1 Bath units. Five of the units have been completely gutted and rehabbed! New flooring, appliances, cabinets, countertops...the updates are endless! New windows on the front of the building. One of the apartments hasn't been updated due to a long term tenant. Never have an issue securing tenants! Coin operated washer and dryer brings in extra income! 12 outdoor parking spaces, minutes away from I294, I57 near plenty of shopping, and dining. This is a money maker! Gross Income is $79,800.00, Net operating income is $52,906.00. Buildings like this don't come around often especially with all the updates this beauty has. Looking for CASH FLOW right away?? Schedule your showing today! Agent owned.
  1. Listed by Kristen Roussev • Baird & Warner

Sold By Century 21 Affiliated

Property Details for 14000 Char Lane

Area
Crestwood
Township
Worth
Num Of Parking Spaces
12.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 02/26/2022 02:01 AM

Property Details for 14000 Char Lane

StatusClosed
MLS #11274072
Days on Market97
Taxes$13,708 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1977
Lot Size0.16 AC / 6,969 SF
CountyCook County

Location

Add your commute

Building Information for 14000 Char Lane

Stories-Residences6Year Built1977Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$4,662 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,520

Property Taxes

$1,142

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14000 Char Lane

General Information
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 1
  • Heat/Ventilation: Baseboard
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Property/Lot Information
  • Owners Association: Yes
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 7148
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 5280
  • # Of Ranges: 6
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 10
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Location: Free Standing/Urban
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: $464.00
  • Fuel Expense: $3,188.00
  • Gross Income: $79,800.00
  • Gross Scheduled Income: $79,800.00
  • Insurance Expense: $3,037.00
  • Maintenance Expense: $.00
  • Manager Expense: $3,900.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Total Monthly Income: 6650
  • Water Expense Source: Actual
  • Net Operating Income: $52,906.00
  • Operating Expense: $26,893.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,594.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 1: 3
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 900
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
  • # Of Rooms - Unit 2: 4
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 1225
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 14000 Char Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 14000 Char Lane

Taxable ValueLand$2,501Additions$41,009Total$43,510
Tax Record2022$14,484 ($1,207 / month)
Home Facts
Baths6Total Finished SqFt5,280 SqFtAbove Grade Finished SqFt5,280 SqFtStories3Lot Size7,148 SqFtStyleMulti-Family Res (5+ Units)Year Built1976CountyCOOKAPN28-04-401-057

Schools near 14000 Char Lane

This home is within Forest Ridge School District 142.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Lee R Foster Elementary School
Public1 to 5

Jack Hille Middle School
Public6 to 8

Oak Forest High School
Public9 to 12

Delta Academy and Achieve
Public11 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

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. Based on information submitted to the MLS GRID as of 02/26/2022 02:01 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.