294 8th Street

Wheeling, IL 60090

$600,000
Last Sold Price
9
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity located in a convenient location! This 6-unit building on 0.3 acre boasts newer upgrades! All units' kitchens have newer refrigerators. Newer laminate and tile is throughout all of the units' interior! Exterior has been well taken care of with a newer, under 5 yrs old roof. The gutters have recently been replaced and are new. Great and steady monthly income and long time tenants. Located in a convenient location! Sold As-IsGreat investment opportunity located in a convenient location! This 6-unit building on 0.3 acre boasts newer upgrades! All units' kitchens have newer refrigerators. Newer laminate and tile is throughout all of the units' interior! Exterior has been well taken care of with a newer, under 5 yrs old roof. The gutters have recently been replaced and are new. Great and steady monthly income and long time tenants. Located in a convenient location! Sold As-Is
  1. Listed by Gina Kim • Baird & Warner

Sold By Core Realty & Investments Inc.

Property Details for 294 8th Street

Area
Wheeling
Township
Wheeling
Num Of Parking Spaces
12.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 08/03/2023 12:36 PM

Property Details for 294 8th Street

StatusClosed
MLS #11084642
Days on Market139
Taxes$17,277 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1978
Lot Size0.30 AC / 13,000 SF
CountyCook County

Location

Add your commute

Building Information for 294 8th Street

Stories-Residences6Year Built1978Building Size-Lot Size0.30 AC / 13,000 SF

Payment Calculator

$4,714 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$1,440

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 294 8th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Service - 101 to 200 Amps
  • # Of Washers: 1
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Exterior Features
  • Building Unit Info: No Units Furnished
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sewer-Storm Available, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 44X150
  • Lot Size Square Feet: 13000.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Block
  • Roof Type: Composition
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Hip
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family, Single Family
  • Buyer Financing: Conventional
  • Documents Available: Rent Roll,Tax Bill
  • Public Document Count: 0
  • Photos Count: 8
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks,Cable Ready
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: $307.00
  • Fuel Expense: $2,128.00
  • Gross Income: $70,200.00
  • Gross Scheduled Income: $72,600.00
  • Insurance Expense: $2,700.00
  • Maintenance Expense: $1,000.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2019
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 1000
  • Net Operating Income Year: 2019
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5850
  • Water Expense Source: Owner Projection
  • Net Operating Income: $45,903.00
  • Operating Expense: $26,697.00
  • Other Expense: $.00
  • Trash Expense: $1,168.00
  • Water Sewer Expense: $2,117.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 294 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 294 8th Street

This home is within Wheeling Central Consolidated School District 21.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Eugene Field Elementary School
PublicPK to 5

Jack London Middle School
Public6 to 8

Wheeling High School
Public9 to 12

Vanguard 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.

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.