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$729,900   Price Analysis
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1321 Balmoral Ave
Westchester, IL 60154
8 bed 4 bath 4,000 SqFt ($182/SqFt)
0.44 acre lot. Built 1960
Listed 2024-04-19, Taxes $15,371
Ⓧ USDA Ineligible
due to location

near Westchester

Here a perfect oppptunity to own a fabulous apartm ent building with this Baltis built 4 unit that has a 4 car garage!

* No Longer For Sale *
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These good size units are all 5 rooms, 2 bedrooms (with closets) and 1 bath. Dimensions of units rooms: LR 16x16, DR 14x10, KIT 12x10, BR 13x12 and BR 12x11. Each unit has extra closets with 1 hallway walk in and its own GFA/CAC & Electric Panel Box. Tenants pay their own Gas, Electric & Heat. The GFA units were installed in 2022. There is a separate Electric panel box for the common area electric. Owner pays for common electric, water & gas to heat the HWT. Tenants are currently allowed to install their own Washer/Dryer in their side of the basement hooking up to their gas/electric & building water. Basements are separate for the North & South Sides of the building. There are storage rooms assigned to each unit in the corresponding side of the basement. 1 HWT 75gal installed 2019. Windows in Hallways replace 8-9yrs ago. Each unit has an exterior parking space in the rear parking area, plus there are 2 additional parking spots. Huge yard with extra large concrete patio area. The roof on the building is 12yrs old. The heated 4 car garage is 35yrs old with the roof & GFA/CAC replaced appx 5yrs ago. Please note: Building has been in same family for over 30yrs & Current rents are BELOW area market plus the 4 car garage could be leased for additional income. Seller offering HWA Home Warranty Gold Level Policy for 4Plex. Building Intercom does not work & is AS IS. Building is fully leased with So much more potential income!!!

Come take a look & make this yours today! (No Videos or Pictures allowed to be taken in apartments.)


Presented by Lisa Keating at
CENTURY 21 Circle.
Listing Agent Photo

Property MLS #12030967 from MRED

Bedrooms: 8
Bedrooms Possible: 8

Total Rooms: 20
Basement Features: Full
Basement Description: Unfinished

Total Bathrooms: 4
Full Bathrooms: 4

Yes

Heating Features: Natural Gas, Forced Air

Patio

Lot Size Acres: 0.44
Lot Size Dimensions: 100X191
Lot Size Square Feet: 19166

Model: 4 UNIT

Garage Spaces: 4
Garage Description: Detached
Garage Features: Garage Door Opener(s), Transmitter(s), Heated
Parking Features: Off Street, Driveway, Parking Lot
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: 92.5
High School: Proviso West High School
High School District: 209

Westchester Middle School is a public middle school located approximately 0.5 miles away.
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Westchester Intermediate School is a public elementary school located approximately 0.9 miles away.
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Proviso West High School is a public high school located approximately 1.2 miles away.
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Macneal School is a private elementary, middle and high school located approximately 0.4 miles away.
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Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 5
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit-3 Description: Unit 3
Unit-4 Description: Unit 4
Unit-1 Square Feet: 1000
Unit-2 Square Feet: 1000
Unit-3 Square Feet: 1000
Unit-4 Square Feet: 1000
Unit 1 Total Actual Rent: 1312
Unit 2 Total Actual Rent: 1425
Unit 3 Total Actual Rent: 1407
Unit 4 Total Actual Rent: 1406

Annual Tax Amount: 15880.19
Source Listing Status: Closed
County: Cook
Directions: Roosevelt to Balmoral Ave - South to Building. Balmoral is under construction & only allowing traffic heading south at this time. Go to Building driveway and park in front of garage doors not in tenant parking spaces please.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 15211011960000
Township: Proviso
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$40,591 + $11,460
$52,051
$15,371
2020$40,591 + $11,460
$52,051
$15,018
2019$34,495 + $10,505
$45,000
$12,712
2018$34,495 + $10,505
$45,000
$12,546
2017$34,495 + $10,505
$45,000
$12,305
2016$35,457 + $9,550
$45,007
$11,038
2015$35,457 + $9,550
$45,007
$11,447
2014$35,457 + $9,550
$45,007
$11,213
2013$30,817 + $9,550
$40,367
$9,014
2012$30,817 + $9,550
$40,367
$8,793
2011$30,817 + $9,550
$40,367
$8,553
2010$38,783 + $9,550
$48,333
$8,582
2009$38,783 + $9,550
$48,333
$8,265
2007$41,343 + $9,932
$51,275
$8,163
2006$41,343 + $9,932
$51,275
$7,942

Sold 2024-07-01
$715,000
MRED
Listed 2024-04-19
$729,900
MRED

Net Operating Income: 41049

Year Built: 1960
Property Age: 64
Roof: Asphalt

Sewer: Public Sewer
Water Source: Lake Michigan

Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.