$299,000

Estimated payment $1,713/month

Total Views 355
6 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Incredible investment opportunity on Torrence Avenue-this rare find includes three contiguous commercial lots (three separate PINs) and two fully detached single-family homes, each offering three spacious bedrooms and ample living space. Zoned B1 Commercial, the property is ideal for investors, developers, or owner-occupants seeking flexible use-live in one home while generating income from the other or redevelop in the future. The site includes four parking spaces, with an additional option to purchase a fourth lot directly across the street. Located in a high-demand area near highways, public transportation, and shopping, this property offers significant long-term upside. One tenant is currently in place and open to staying. Don't miss out on this versatile, high-potential asset-act fast!

Last Listed By

Olga Kaminska

Core Realty & Investments Inc. License #475170254 Listed on: 06/09/2025

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,511

Year Built

  • Built in 1910 | Remodeled in 2025

Parking

  • 4 Parking Spaces

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Additional Parcels

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,511

Year Built

Built in 1910 | Remodeled in 2025

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 299000
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site, Owned
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels Description: 25124190260000,25124190240000
  • Additional Parcels: Yes
  • Lot Dimensions: 5844
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 1511
  • Tax Year: 2023

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $722 $10,400 $1,422 $8,978
2023 $722 $3,500 $1,564 $1,936
2022 $722 $3,500 $1,564 $1,936
2021 $706 $3,499 $1,564 $1,935
2020 $1,469 $6,576 $1,564 $5,012
2019 $1,472 $7,307 $1,564 $5,743
2018 $1,447 $7,307 $1,564 $5,743
2017 $1,346 $6,237 $1,422 $4,815
2016 $1,252 $6,237 $1,422 $4,815
2015 $664 $6,237 $1,422 $4,815
2014 $757 $6,638 $1,137 $5,501
2013 $731 $6,638 $1,137 $5,501
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $299,000 +1200.0% --
02/10/2020 02/10/20 Sold $23,000 0.0% $29 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $23,000 -- $29 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $23,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Deed -- --
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $14,531 New Conventional
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12385245

Midwest Real Estate Data (MRED)

APN: 25-12-419-025-0000