516 N Addison Rd

Off Market

516 N Addison Rd

Villa Park IL 60181

0.19 ac.

Multi-Family

Last sold for $390,000

Frank Cincotta, last sold this property on 02 April 2021 after 36 days on market.

Overview

Well maintained duplex-building with two side-by-side, tri-level units each featuring, 3-bedrooms, 1 bath and partial basements, individual partial basement areas with washer-dryer, and mechanicals. Each unit has the same layout including a great room and kitchen on level 1, one bedroom and a full bath on level 2, and two bedrooms on level 3. Features include, hardwood flooring, newer windows, updated doors, trim, kitchens and baths, roomy closets, separate private patios, HVAC systems, water heaters, and unfinished basements with a look-out above ground level window making it ideal for possible finishing or extra storage. Current leases allow each unit 2 off-street parking spaces (garage, 1 car, and driveway, 1 car). Tenants pay for their own heat, electric, and gas. Above grade SF for the LR, Kit, Bath & 3 Bedrooms, is 1,201 SF (measured); partial basements, 280 SF. Photos are actual, prior to current leases. Unit 516 (the front unit facing Addison) is currently leased at $1,610 per month (including water) until 02-28-2021. On 03-01-2021, the rent will increase to $1,660/month (including water) until 02-28-2022. Unit 518 (the rear unit) is currently leased at $1,625/month (including water) until 05-31-2021. On 06-01-2021 the rent will increase to $1,675 per month until 05-31-2022. Both tenants pay for their own heat, electric, and gas. Yearly expenses include water-sewer-trash and Salt Creek Sanitary District ($2,160), and insurance ($1,650), and taxes ($5,640).

Features

6 bedrooms

2 bathrooms

6 carspaces

4 open car spaces

2 garage spaces

0.19 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Villa Park over the last 12 months.

Property history for 516 N Addison Rd

2021

Sold

$390,000

02 Apr 2021 by Frank Cincotta, of RE/MAX Suburban

2018

Sold

$1,550

28 Feb 2018 by Frank Cincotta

Happy sellers in Villa Park

We have insufficient information to provide an overview of customer satisfaction for Villa Park. Viewing the agent profiles, reviews and sales for Villa Park can provide insights for this location.

Local market activity for 6 bedroom multi families in Villa Park

In the last 12 months, 1 six-bedroom multi family similar to 516 N Addison Rd, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Villa Park for a market analysis.

Joel Zielke

at Joel Zielke

(116 reviews)

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ROCKY LAGIOIA

at GMC Realty LTD

(4 reviews)

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Frank Orrico

at Realty Executives Legacy

(4 reviews)

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Tina Janopoulos

at J.W. Reedy Realty

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Nearby agents

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Joel Zielke

Sellers who recommend Joel Zielke have praised them for being local expert, responsive, clear communication, supportive, patient, honest, and great negotiation