3640 216th Street

Matteson, IL 60443

$325,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

CORNER BUILDING WITH GREAT CASH FLOW INCLUDES A RETAIL SPACE (CURRENTLY A SALON) & 5 APARTMENTS ~ CONSISTENTLY UPDATED & WELL MAINTAINED by longtime owners, units vary in layout & features ~ APARTMENTS CONSIST OF: 3 bedroom/1 bath unit 2 bedroom/1 bath unit 2 bedroom/1 bath unit w/utility (possibly laundry) room 1 bedroom/1 bath unit 1 bedroom/1 bath duplex (two level) unit w/laundry facility (currently leased as an Airbnb) ~ PAVED PARKING on both sides of building accommodates 15 vehicles ~ LAUNDRY...CORNER BUILDING WITH GREAT CASH FLOW INCLUDES A RETAIL SPACE (CURRENTLY A SALON) & 5 APARTMENTS ~ CONSISTENTLY UPDATED & WELL MAINTAINED by longtime owners, units vary in layout & features ~ APARTMENTS CONSIST OF: 3 bedroom/1 bath unit 2 bedroom/1 bath unit 2 bedroom/1 bath unit w/utility (possibly laundry) room 1 bedroom/1 bath unit 1 bedroom/1 bath duplex (two level) unit w/laundry facility (currently leased as an Airbnb) ~ PAVED PARKING on both sides of building accommodates 15 vehicles ~ LAUNDRY FACILITY in basement of duplex unit could be set up for all tenant use ~ HVAC: some units have GFA furnaces while others have hot water heat, salon has central air, all apartments have window A/C units ~ ALL TENANTS PAY ELECTRIC, some also pay gas ~ ALL APARTMENTS ARE CURRENTLY LEASED ~ BOTH ROOFS & SIDING ARE NEWER and WINDOWS have been replaced throughout ~ FABULOUS LOCATION IN QUAINT OLD MATTESON is blocks from METRA TRAIN station, near to X-WAY, DINING, SHOPPING ~ OWNERS' RETIREMENT IS YOUR GAIN!
  1. Listed by Cara Dulaitis • Re/Max 10
  2. Listed by Greta McKenna • Re/Max 10

Property Details for 3640 216th Street

Area
Matteson
Township
Rich
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 10/31/2024 09:51 AM

Property Details for 3640 216th Street

StatusContingent
MLS #12115167
Days on Market127
Taxes$9,093 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1899
Lot Size0.14 AC / 6,120 SF
CountyCook County

Building Information for 3640 216th Street

Stories2Residences6Year Built1899Lot Size0.14 AC / 6,120 SF

Property Information for 3640 216th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: South Suburban
  • Information: Show-Special Instructions
  • Postal Code Plus 4: 0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps, Service - 101 to 200 Amps
  • Flooring: Carpet, Tile, Vinyl, Wood
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • # Of Window/Ac: 10
  • # Of Refrigerators: 5
  • Misc Inside: Private Restroom/s,Public Restroom/s,Storage Inside,Basement,Laundry Room
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
  • Water Drainage: Storm Sewers
  • Misc Outside: Enclosed Stairs
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 51X120
  • Lot Size Square Feet: 0.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding
  • Construction: Wood Frame
  • Roof Type: Composition
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Smoke or Fire Protectors
  • Roof Structure: Pitched
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 4736
  • # Of Offices: 0
  • Other SqFt: 3736
  • Retail SqFt: 1000
  • # Of Ranges: 5
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Multi-Family
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 15
Miscellaneous
  • Current Use: Commercial, Other
  • Location: Central Business District,Corner,Mixed Use Area
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: $475.00
  • Fuel Expense: $5,656.00
  • Gross Income: $72,357.00
  • Gross Scheduled Income: $72,357.00
  • Insurance Expense: $6,256.00
  • Electric Expense Source: Combination
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Other Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 6030
  • Water Expense Source: Combination
  • Net Operating Income: $44,662.00
  • Operating Expense: $27,695.00
  • Other Expense: $.00
  • Trash Expense: $2,076.00
  • Water Sewer Expense: $4,139.00

Property History for 3640 216th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3640 216th Street

Taxable ValueLand$1,950Additions$22,457Total$24,407
Tax Record2019$12,632 ($1,053 / month)
Home Facts
Baths5.5Total Finished SqFt4,736 SqFtAbove Grade Finished SqFt4,736 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1899CountyCOOKAPN31-26-105-008

Schools near 3640 216th Street

This home is within Matteson Esd 162 School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - K to 8
Public - 4 to 6
Public - 7 to 8
Rating
School
Distance
Matteson Elementary School
PublicK to 3

Illinois School
PublicK to 8

Sauk Elementary School
Public4 to 6

O W Huth Middle School
Public7 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max 10

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. Based on information submitted to the MLS GRID as of 10/31/2024 09:51 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.