440 N Roberts Dr Glenwood, IL 60425
Estimated payment $10,805/month
About This Home
436-40 Roberts Dr., is a a unique investment opportunity in the charming community of Glenwood, Illinois. This well-maintained 12-unit building offers consistent rental income with all units featuring a spacious and comfortable layout. Generous living spaces with ample natural light and closet space, well-appointed and functional, ensuring convenience for tenants. Close in proximity to S. Halsted St., the primary N/S arterial road through the South Chicagoland suburbs. Averaging 21,100 vehicles per day, S. Halsted St. provides the community with a variety of local and big box retailers, commercial goods/services, and much more. Adjacent to this property is a concerted effort to redevelop Glenwood's commercial corridor. A reputable bedroom community, Glenwood is ideal for those seeking an expedient commute to the city, and the surrounding Chicagoland area. Whether you're an experienced investor looking to expand your portfolio or someone seeking a solid income-generating property, this 12-unit building in Glenwood is a fantastic opportunity. Don't miss your chance to own a piece of this thriving community. Contact us today to schedule a viewing and explore the potential of this promising real estate investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,407
Year Built
- Built in 1974
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 200 x 120
- Additional Parcels
Interior Spaces
- 12,000 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating and Cooling System
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $882
- Fuel Expense $2,637
- Insurance Expense $5,829
- Maintenance Expense $7,850
- Manager Expense $7,731
- Trash Expense $3,272
- Water Sewer Expense $4,527
- Operating Expense $71,309
- Gross Income $168,391
- Net Operating Income $97,081
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,087 | $7,091 | $1,063 | $6,028 |
| 2023 | $3,087 | $7,091 | $1,063 | $6,028 |
| 2022 | $3,087 | $5,216 | $821 | $4,395 |
| 2021 | $3,079 | $5,216 | $821 | $4,395 |
| 2020 | $3,073 | $5,216 | $821 | $4,395 |
| 2019 | $2,968 | $4,822 | $772 | $4,050 |
| 2018 | $2,833 | $4,822 | $772 | $4,050 |
| 2017 | $2,828 | $4,822 | $772 | $4,050 |
| 2016 | $1,723 | $2,922 | $724 | $2,198 |
| 2015 | $1,906 | $3,353 | $724 | $2,629 |
| 2014 | $2,225 | $3,998 | $724 | $3,274 |
| 2013 | $2,847 | $5,682 | $724 | $4,958 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Pending | -- | -- | -- |
| 10/18/2024 10/18/24 | For Sale | $1,350,000 | 0.0% | $113 / Sq Ft |
| 09/27/2024 09/27/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | For Sale | $1,350,000 | -- | $113 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,048,000 | Citywide Title Corporation | |
| Corporate Deed | $10,500 | First American Title | |
| Legal Action Court Order | -- | None Available | |
| Deed | $80,000 | Chicago Title Insurance Comp |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,358,000 | Commercial | |
| Previous Owner | $4,000 | Stand Alone Second | |
| Previous Owner | $72,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12140416
APN: 32-04-100-043-1009
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