4608 Grove Avenue

Brookfield, IL 60513

$825,000
Last Sold Price
14
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current...Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.

Listing Agent

Sold By EXIT Strategy Realty

Property Details for 4608 Grove Avenue

Area
Brookfield
Township
Lyons
Num Of Parking Spaces
9.0

Location

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LISTING UPDATED: 08/03/2023 12:45 PM

Property Details for 4608 Grove Avenue

StatusClosed
MLS #11157502
Days on Market149
Taxes$18,404 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1973
Lot Size0.28 AC / 12,006 SF
CountyCook County

Location

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Building Information for 4608 Grove Avenue

Stories-Residences6Year Built1973Building Size-Lot Size0.28 AC / 12,006 SF

Payment Calculator

$6,036 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$1,534

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4608 Grove Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,Show-Call Owner
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 2
  • Basement Description: None
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water,Baseboard
  • # Of Window/Ac: 6
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Inside Corridor/s,Storage Inside,Laundry Room
  • # Of Dryers: 2
  • Num of Baths: 8.0
Exterior Features
  • Misc Outside: Enclosed Stairs,Storms and Screens (as exist)
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 90X133.4
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Concrete
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 7744
  • Lot Size Source: Appraisal
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 16
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 07-15-2021
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $634.00
  • Fuel Expense: $3,733.00
  • Gross Income: $85,140.00
  • Gross Scheduled Income: $86,580.00
  • Insurance Expense: $2,717.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2020
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Net Operating Income Year: 2020
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 7095
  • Water Expense Source: Actual
  • Net Operating Income: $51,995.00
  • Operating Expense: $34,584.00
  • Other Expense: $1,351.00
  • Trash Expense: $2,250.00
  • Water Sewer Expense: $5,620.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4608 Grove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4608 Grove Avenue

Taxable ValueLand$7,481Additions$52,078Total$59,559
Tax Record2022$21,439 ($1,787 / month)
Home Facts
Baths10Total Finished SqFt7,744 SqFtAbove Grade Finished SqFt7,744 SqFtStories2Lot Size11,970 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyCOOKAPN18-03-422-069

Schools near 4608 Grove Avenue

This home is within Lyons School District 103.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicPK to 5

George Washington Middle School
Public6 to 8

Lyons Twp High School
Public9 to 12

St Barbara School
PrivatePK to 8

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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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.

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.