516 Michigan Court
$700,000
22
15
1
—
—
—
Closed 2/28/24
Description
HIGHEST AND BEST IS 5:30 PM January 11, 2024. All showing will start promply at 2pm and end at 3pm january 10th. We have a large amount of people attending. Great DuPage County Building with no association. Building has (3) 2 bedrooms and (2) 2 bedrooms. Unit number 1 is a much larger unit with 1.1 bathrooms and approximately 1400SF with a tenant that has occupied for over 30+ years and helps with interior and exterior maintenance. Unit #5 has been completely updated in April 2023. Unit 3 lease expires...HIGHEST AND BEST IS 5:30 PM January 11, 2024. All showing will start promply at 2pm and end at 3pm january 10th. We have a large amount of people attending. Great DuPage County Building with no association. Building has (3) 2 bedrooms and (2) 2 bedrooms. Unit number 1 is a much larger unit with 1.1 bathrooms and approximately 1400SF with a tenant that has occupied for over 30+ years and helps with interior and exterior maintenance. Unit #5 has been completely updated in April 2023. Unit 3 lease expires April 2024 and could get more for rent if buyer wishes. New roof and gutters and downspouts installed 2022, new windows throughout building in October 2023. Brick tuck-pointing in great condition. HWT less than 7-years old. Coined washer and dryer, for extra income, is less then 4 years old. Boiler is aged but is still working great and has been certified by our HVAC contractor. Main boiler pump just was replaced September 2023 along with (1) other pump. All other units are in good clean condition with most having hardwood flooring. Building is well maintained inside and out. Sellers hate to sell but due to unforeseen issues with the sellers, our loss is your gain. Tenants pay electric with separate meters and breaker panels in each unit. Each unit has (2) assigned parking places which have been freshly striped in July 2023. Property is located within a cul de sac, quiet area and building backs up to Fullerton Elementary School. Sellers received a 2-year waiver from The Village of Addison for their yearly inspection due to the great condition and upkeep of this building. Sellers are currently accepting offers. However, we are requesting all interesting buyers to submit offers to email address in agents remarks section. Only drive-by inspection for now. Do not, i repeat, do not attemp to bother tenants. They are not aware as of yet the building is being sold. We are trying to cordinate with tentants for all showings of entire build and units between 2-3 pm on january 10, 2024, at which time will ask for highest and best offers. Building will be a great investment with a nice net annual income. Water bill contains garbage bill with (1) dumpster.
- Listed by David Pokorny • CNB Property Consultants, Inc
Sold By RE/MAX Suburban
Property Details for 516 Michigan Court
Area
Addison
Num of Interior Fireplaces0
ZoningMULTI
LISTING UPDATED: 02/28/2024 07:13 PM
Property Details for 516 Michigan Court
Status | Closed |
---|---|
MLS # | 11950895 |
Days on Market | 21 |
Taxes | $10,582 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1978 |
Lot Size | 0.20 AC / 8,700 SF |
County | DuPage County |
Building Information for 516 Michigan Court
Stories3Residences5Year Built1978Building Size-Lot Size0.20 AC / 8,700 SF
Property Information for 516 Michigan Court
Property History for 516 Michigan Court
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 516 Michigan Court
Taxable ValueLand$60,340Additions$90,510Total$150,850
Tax Record2023$11,105 ($925 / month)
Home Facts
Total Finished SqFt3,445 SqFtAbove Grade Finished SqFt3,445 SqFtLot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962ZoningACountyDUPAGEAPN03-33-201-015
Schools near 516 Michigan Court
This home is within Addison School District 4.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ardmore Elementary School PublicK to 5 | ||
Indian Trail Jr High School Public6 to 8 | ||
Addison Trail High School Public9 to 12 |
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.
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