Vacant multi family building with opportunity to purchase 2nd building at 14612 Keystone as a package. 5-two bedroom units and 1-one bedroom unit. 6 parking places and laundry on site. Opportunity for adding property value for future renters.
MRED as Distributed by MLS Grid #09472081
Jun 23, 2017
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2023
$15,731 (−12.1%)
$2,680 + $38,885
$41,565
2022
$17,897 (+4.0%)
$2,345 + $35,746
$38,091
2021
$17,206 (+5.0%)
$2,345 + $35,746
$38,091
2020
$16,385 (−4.9%)
$2,345 + $35,746
$38,091
2019
$17,232 (+1.6%)
$2,177 + $37,497
$39,674
2018
$16,959
$2,177 + $37,497
$39,674
2017
$16,972 (+19.2%)
$2,177 + $39,019
$41,196
2016
$14,235 (+2.3%)
$1,842 + $31,337
$33,179
2015
$13,918 (−7.5%)
$1,842 + $31,337
$33,179
2014
$15,052 (+24.4%)
$1,842 + $35,132
$36,974
2013
$12,098 (−3.1%)
$1,842 + $31,229
$33,071
2012
$12,490 (+6.4%)
$1,842 + $33,910
$35,752
2011
$11,738 (−0.9%)
$1,842 + $33,910
$35,752
2010
$11,840 (+0.8%)
$1,842 + $36,957
$38,799
2009
$11,749 (+14.6%)
$1,842 + $36,957
$38,799
2008
$10,252 (+10.2%)
$2,948 + $40,366
$43,314
2007
$9,302
$2,680 + $36,197
$38,877
Tax history for 14622 Keystone Ave
Year
Property tax
Land + Additions
Assessment*
2023
$15,731 (−12.1%)
$2,680 + $38,885
$41,565
2022
$17,897 (+4.0%)
$2,345 + $35,746
$38,091
2021
$17,206 (+5.0%)
$2,345 + $35,746
$38,091
2020
$16,385 (−4.9%)
$2,345 + $35,746
$38,091
2019
$17,232 (+1.6%)
$2,177 + $37,497
$39,674
2018
$16,959
$2,177 + $37,497
$39,674
2017
$16,972 (+19.2%)
$2,177 + $39,019
$41,196
2016
$14,235 (+2.3%)
$1,842 + $31,337
$33,179
2015
$13,918 (−7.5%)
$1,842 + $31,337
$33,179
2014
$15,052 (+24.4%)
$1,842 + $35,132
$36,974
2013
$12,098 (−3.1%)
$1,842 + $31,229
$33,071
2012
$12,490 (+6.4%)
$1,842 + $33,910
$35,752
2011
$11,738 (−0.9%)
$1,842 + $33,910
$35,752
2010
$11,840 (+0.8%)
$1,842 + $36,957
$38,799
2009
$11,749 (+14.6%)
$1,842 + $36,957
$38,799
2008
$10,252 (+10.2%)
$2,948 + $40,366
$43,314
2007
$9,302
$2,680 + $36,197
$38,877
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
11
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
6,534
Year renovated
—
Sq. Ft.
5,403
Year built
1963
Style
Multi-Family (5+ Unit)
County
Cook County
APN
28102280140000
Parking Spaces
6
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Jan 30, 2023.
R-5
Village Center Multi-Family Residential District
The purpose of the R-5 village center multi-family residential district is to provide for higher density residential development within the village center that promotes efficient use of land and infrastructure. The R-5 district also provides for limited public and institutional uses that are compatible with surrounding residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Infrastructure
Office
Public service
Educational/school
Communications tower
Property details
Parking
Parking Information
# of Parking Spaces: 6
6-12 Outdoor Parking Spaces
Interior
Equipment
Fire Protection: Fire Extinguisher(s), Smoke/Fire Protectors
# of Refrigerators: 6
# of Ranges: 6
# of Washers: 1
# of Dryers: 1
Heating & Cooling
Central Heating with Individual Controls
Window Air Conditioning Unit(s)
# of Window Air Conditioning Units: 6
Multi-Family Information
# of Units: 6
Tenant Pays Air Conditioning, Tenant Pays Electric
Unit 1 Information
# of Units of Type: 5
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Monthly Income: $1,100
Maximum Monthly Income: $1,100
Unit 2 Information
# of Units of Type: 1
# of Rooms: 3
# of Beds: 1
# of Baths: 1
Monthly Income: $900
Maximum Monthly Income: $900
Exterior
Building Information
Built Before 1978
Age: 51+ Years
Brick Exterior
Brick Construction
Shingle Composition Roof
Pitched Roof
Property Features
Curbs and Gutters, Lighting/Exterior, Sidewalks
Lot Information
Sq. Ft.: 6700
Dimensions: 6700
City Street Access
Zoning: MULTI
Property Information
Current Use: Residential (Multi-Family)
Parcel Identification Number: 28102280140000
Financial
Financial Information
Tax: $14,235
Tax Year: 2016
Total Monthly Income: $6,400
Total Annual Income: $76,800
Gross Rental Income: $76,800
Gross Rent Multiplier: 6.37
Net Operating Income: $52,068
Net Operating Income Year: 2018
Cap Rate: 10.3
Finance Code: Conventional
Utilities
Utility Information
Separate Meters
Location
Location Information
Township: BREMEN
Directions: From I-57 South or I-294 South, exit 147th Street-Sibley Blvd, drive west, property one block past Pulaski.
Public facts
Beds: 11
Baths: 6.0
Sq. Ft.: 5,403
Stories: 2.0
Parking Spaces: 6
Basement: No
Accessible: No
Lot Size: 6,534 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1963
Year Renovated: —
County: Cook County
APN: 28102280140000
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Jan 30, 2023
Other
Expense Information
Total Annual: $10,500
Total Annual Year: 2018
Electricity: $1,800
Listing Information
Possession: Closing
Known Encumbrances: None Known
Seller Concessions: Yes
Seller Concessions Amount/Points: 1000
Around this home
Schools
Springfield Elementary School
Public K-5 • Assigned • 0.2mi
7/10
Kolmar Elementary School
Public K-8 • Assigned • 0.8mi
5/10
Bremen High School
Public 9-12 • Assigned • 0.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Midlothian, IL • 60445
Average low and high temperatures (°F)
30
16
39
24
56
35
62
44
69
51
82
64
87
70
82
66
79
59
69
50
51
38
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.