409 Inland Drive

Wheeling, IL 60090

$652,000
Last Sold Price
9
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Solid investment opportunity in a great area and in excellent condition. Six flat brick building - three spacious two bedroom apartment and three spacious one bedroom apartment. Rehabbed in 2018 - new roof and windows, new doors including new balcony doors, new kitchen cabinets, counter-tops and new abt electric appliances, high quality engineered hardwood floors in each apartment, new carpet on the hallways, new paint, and much much more,.. Additional income from coin laundry located on the lower...Solid investment opportunity in a great area and in excellent condition. Six flat brick building - three spacious two bedroom apartment and three spacious one bedroom apartment. Rehabbed in 2018 - new roof and windows, new doors including new balcony doors, new kitchen cabinets, counter-tops and new abt electric appliances, high quality engineered hardwood floors in each apartment, new carpet on the hallways, new paint, and much much more,.. Additional income from coin laundry located on the lower level Individual electric heating system for each unit - tenants pay electric, building is fully occupied by long term tenants. Association includes snow removal, lawn care, parking lots maintenance, and trash service. Separate tax pin number and tax bill for each apartment that can be easily converted back to one property tax pin number. Property taxes can be easily appealed. Don't miss your opportunity to build solid rental income.
  1. Listed by Lucyna Duda • REDCO, Inc.

Sold By Great States Realty LLC

Property Details for 409 Inland Drive

Area
Wheeling
Township
Wheeling
Num Of Parking Spaces
12.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 08/02/2021 11:22 AM

Property Details for 409 Inland Drive

StatusClosed
MLS #11047215
Days on Market113
Taxes$22,268 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1981
Lot Size0.07 AC / 2,925 SF
CountyCook County

Location

Add your commute

Building Information for 409 Inland Drive

Stories-Residences6Year Built1981Building Size-Lot Size0.07 AC / 2,925 SF

Payment Calculator

$5,414 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,558

Property Taxes

$1,856

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 Inland Drive

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Electric
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 45X65
  • Stories: 3
  • Exterior Building Type: Brick
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 13
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: $480.00
  • Fuel Expense: $840.00
  • Gross Income: $78,000.00
  • Gross Scheduled Income: $82,740.00
  • Insurance Expense: $2,400.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 6895
  • Net Operating Income: $46,672.00
  • Operating Expense: $36,068.00
  • Other Expense: $480.00
  • Trash Expense: $.00
  • Water Sewer Expense: $4,800.00
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: 1
  • 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: 2
  • 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 409 Inland Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 409 Inland Drive

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
Mark Twain Elementary School
PublicPK to 5

Oliver W Holmes Middle School
Public6 to 8

Wheeling High School
Public9 to 12

The Academy at Forest View
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 REDCO, Inc.

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.