Rents have increased to provide a buyer with a 10.3% CAP Rate on this ideal investment opportunity. This meticulously maintained, 3-unit apartment building is fully occupied, with 2 long-term tenants, and bringing in over $20K per year in NOI. The two 1st floor units feature spacious living rooms and hardwood floors throughout living room and both bedrooms; units offer a large eat-in kitchen with ceramic tile floors. The 2nd floor unit has private entrance, large living room and extra large bedroom with eat in kitchen and newer carpeting. Property has central heat and A/C. Both A/C units are approx. 10 years old and function as intended. Tenants pay their own electric and gas - all separately metered. Sale includes 3 refrigerators, 3 stoves and washer/dryer. PROPERTY IS NOT APPROVED FOR FHA FINANCING -- ONLY CASH OR CONVENTIONAL FINANCING. Property is in great condition, but will be sold "AS-IS". Property has already passed village inspection. Previous deals fell through due to buyers financing.
Closed
$200,000
1123 Grant Ave, Chicago Heights, IL 60411
5beds
--sqft
Multi Family
Built in 1949
-- sqft lot
$283,400 Zestimate®
$--/sqft
$1,628 Estimated rent
Home value
$283,400
$252,000 - $315,000
$1,628/mo
Zestimate® history
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$1,488/mo
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Extra large bedroomHardwood floors throughoutPrivate entranceLarge eat-in kitchenEat in kitchenNewer carpetingCeramic tile floors
Zillow last checked:
Listing updated:
Listed by:
Denise Raines (312)953-5780,
BHHS Chicago
Bought with:
Denise Raines
BHHS Chicago
Source: MRED as distributed by MLS GRID,MLS#: 11703236
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Yes, Owned
Lot
- Size: 3,049 Square Feet
- Dimensions: 41X87
Details
- Additional parcels included: 32202040100000
- Parcel number: 32202040090000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago Heights
Financial & listing details
- Tax assessed value: $99,270
- Annual tax amount: $12,754
- Date on market: 6/11/2023
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2024 | Sold | $200,000-7% |
Source:  MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 1/16/2024 | Pending sale | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 12/6/2023 | Contingent | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 7/28/2023 | Listed for sale | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 7/20/2023 | Pending sale | $215,000 |
Source:  Berkshire Hathaway HomeServices Chicago #11703236 Report a problem | ||
| 7/20/2023 | Contingent | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 7/14/2023 | Listed for sale | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 7/7/2023 | Pending sale | $215,000 |
Source: Berkshire Hathaway HomeServices Chicago #11703236 Report a problem | ||
| 7/7/2023 | Contingent | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 6/26/2023 | Listed for sale | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 6/10/2023 | Contingent | -- |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 6/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/2/2023 | Pending sale | $215,000 |
Source: Berkshire Hathaway HomeServices Chicago #11703236 Report a problem | ||
| 5/1/2023 | Contingent | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 4/17/2023 | Listed for rent | $925 |
Source: Zillow Rentals Report a problem | ||
| 2/28/2023 | Listed for sale | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 2/21/2023 | Pending sale | $215,000 |
Source: Berkshire Hathaway HomeServices Chicago Report a problem | ||
| 2/21/2023 | Contingent | $215,000 |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 1/18/2023 | Listed for sale | $215,000+26.5% |
Source: MRED as distributed by MLS GRID #11703236 Report a problem | ||
| 5/13/2022 | Listing removed | -- |
Source: Berkshire Hathaway HomeServices Chicago Report a problem | ||
| 3/15/2022 | Listed for sale | $170,000 |
Source: MRED as distributed by MLS GRID #11318701 Report a problem | ||
| 2/27/2022 | Pending sale | $170,000 |
Source: Berkshire Hathaway HomeServices Chicago #11318701 Report a problem | ||
| 2/27/2022 | Contingent | $170,000 |
Source: MRED as distributed by MLS GRID #11318701 Report a problem | ||
| 2/5/2022 | Listed for sale | $170,000+126.7% |
Source: MRED as distributed by MLS GRID #11318701 Report a problem | ||
| 2/4/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11276120 Report a problem | ||
| 2/11/1999 | Sold | $75,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $9,927 +0% |
| 2023 | $5,277 -20.5% | $9,926 -5.5% |
| 2022 | $6,641 +4.1% | $10,507 |
| 2021 | $6,377 +3.3% | $10,507 |
| 2020 | $6,174 +19.5% | $10,507 +17.1% |
| 2019 | $5,166 +5.2% | $8,970 |
| 2018 | $4,911 +4.6% | $8,970 |
| 2017 | $4,695 +5.4% | $8,970 +8% |
| 2016 | $4,452 +1.1% | $8,303 |
| 2015 | $4,402 -12% | $8,303 -12.8% |
| 2014 | $5,001 +48.9% | $9,518 +43.4% |
| 2013 | $3,358 +3.2% | $6,636 |
| 2012 | $3,253 -3.7% | $6,636 -12.2% |
| 2011 | $3,379 +2.1% | $7,562 -8.6% |
| 2010 | $3,311 +3.5% | $8,273 |
| 2009 | $3,200 +14.7% | $8,273 -5% |
| 2008 | $2,789 +4.1% | $8,709 +8.7% |
| 2007 | $2,680 -0.2% | $8,009 |
| 2006 | $2,685 +0.4% | $8,009 |
| 2005 | $2,675 +25.1% | $8,009 +26.5% |
| 2004 | $2,138 +3.2% | $6,333 |
| 2003 | $2,071 -5.8% | $6,333 |
| 2002 | $2,198 +14.2% | $6,333 +14.3% |
| 2001 | $1,924 +1% | $5,543 |
| 2000 | $1,906 +6% | $5,543 |
| 1999 | $1,798 | $5,543 |
Find assessor info on the county website
Neighborhood: 60411
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Nearby schools
GreatSchools rating
- 5/10Roosevelt Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Chicago Heights Middle SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Bloom High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Roosevelt Elementary School
- Middle: Chicago Heights Middle School
- High: Bloom High School
- District: 170
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$283,400
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Estimated market value
$283,400
- Illinois
- Cook County
- Chicago Heights
- 60411
- 1123 Grant Ave
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