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11111 S Helena Drive Palos Hills, IL 60465
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Key Details
Sold Price $489,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11611923
Sold Date 09/09/22
Bedrooms 8
Year Built 1978
Annual Tax Amount $13,702
Tax Year 2020
Lot Dimensions 74X150
Property Description
First time available by builder/original owner. Solid quality, custom built huge 3 Unit apartment building. 2 units -1st and 2nd floors are 3 bedrooms/ 2 baths with a private master bedroom bath. Huge Kitchen and living room area plus balcony. The 3rd unit is a garden apartment with 2 bedrooms/ 1 bath. There is also a 2 car attached garage and nice yard area in back. Tenants pay gas and electric. There is a laundry/utility room area with washer and dryer. Roof is about 15 yrs, windows are original and some may need to be replaced but they are anderson windows. This is priced according to the work needed. 10 years ago there were termites, they had them remediated and have annual inspections and have never had any come back. It is believed that a wood shed that was attached to the building is where they came from, it has since been removed and none have returned as it is a solid brick building. Most of the damage was in the garage and garden apartment, it is basically drywall issues and to the best of our knowledge nothing structural. The garden apartment will require most of the work, the first floor and 2nd floor are basically cosmetic, and are in good condition. It is central air not window units. 2 of the furnaces and 2 of the a/c units are about 8 years old. Garden unit a/c is not there. If everything were perfect it would be priced about $565,000, so this is a great price for an amazing investment. Perfect for owner occupied and multiple family members. Come and take a look you will not be disappointed, fantastic location across from Moraine Valley Community College on the coveted street Helena Dr. Definitely one of the best locations in the area for apartment buildings. The owner has left it vacant for the new owner to do with as they wish. Rentals in the area are about $1650 for the 3 bedrooms and $1250 for the 2 bedroom unit. Garage could be extra income also or the owners use. This building is being sold as-is with no repairs or credits from the owner
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Balcony
Parking Features Attached
Garage Spaces 2.0
View Y/N true
Building
Water Lake Michigan
New Construction false
Schools
Elementary Schools Palos West Elementary School
High Schools Amos Alonzo Stagg High School
School District 118, 118, 230
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Laura Bugos-Komperda • eXp Realty, LLC