NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold June 12, 2020

Last sale price $306,590

57 Days on Market

About This Home

As of June 2020

*** BACK ON MARKET - DEAL FELL THROUGH DUE TO BUYER QUARANTINED IN INDONESIA. *** PRE-APPROVED FOR FHA SALE AT $305,000 WITH NO CLOSING COST CREDITS AND BUYER RESPONSIBLE FOR VILLAGE-REQUIRED REPAIR (NEW DRIVEWAY FOR WHICH WE HAVE A QUOTE OF $5,533) CLOSE IN THREE (3) WEEKS! NO VIOLATIONS!! All work done with permits. Beautifully rehabbed brick 3-flat with 2 x 6-3-1 and 1 x 4-2-1 has lots of NEWS: New Roof (2018), Three New Dunkirk boilers (12/2019) with new pumps, valves and controls, three New A.O. Smith 40-gallon gas-fired water heaters (12/2019), Updated electric, Hardwood floors just refinished, 2nd-Floor has new bath, new kitchen with panel cabinets, quartz counters, stainless appliances (to be installed). ALL NEW rear porches/stairs (Fall 2019), New windows, PLUS a THREE-Car Garage with New 16-foot overhead door. Excellent income opportunity; Live in the 2nd-floor owner's apartment or rent all three units for maximum income. 3rd-floor rented for $1551/mo, 1st-floor has NEW tenant at $1204/mo (tenant pays gas/electric) beginning 4/1/2020. DO NOT DISTURB 3RD FLOOR TENANT

Last Agent to Sell the Property

Robert Wessel

R. C. Wessel & Associates, Ltd License #471002351 Listed on: 01/28/2020

Last Buyer's Agent

Veronika Tomasu

Chicagoland Brokers Inc. License #475108553

Chicagoland Brokers Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,401

Year Built

  • Built in 1966 | Remodeled in 2019

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x120

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $600
  • Water Sewer Expense $2,400
  • Gross Income $51,852
  • Net Operating Income $36,701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,401

Year Built

Built in 1966 | Remodeled in 2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Other Equipment: Sump Pump
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 305000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Water Sewer Expenses: 2400

Schools

  • Middle/Junior School District: 89

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 40X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 36701
  • Fuel Expense: 600
  • GrossIncome: 51852
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 10400.69
  • Tax Year: 2018
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $306,590 +0.5% --
03/25/2020 03/25/20 Pending -- -- --
03/22/2020 03/22/20 For Sale $305,000 -0.5% --
03/22/2020 03/22/20 Off Market $306,590 -- --
02/27/2020 02/27/20 Pending -- -- --
02/22/2020 02/22/20 Price Changed $305,000 -4.7% --
02/21/2020 02/21/20 For Sale $319,900 0.0% --
02/04/2020 02/04/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $319,900 +320.9% --
05/05/2017 05/05/17 Sold $76,000 +44.8% --
01/10/2017 01/10/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $52,500 -30.9% --
01/04/2017 01/04/17 Off Market $76,000 -- --
01/03/2017 01/03/17 For Sale $52,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10622104

Midwest Real Estate Data (MRED)