NOT LISTED FOR SALE
10 Beds
5 Baths
3,692 Sq Ft
1950 Built

Last Sold October 29, 2021

Last sale price $415,000 $112 Per Sq Ft

7 Days on Market

About This Home

As of October 2021

Back on the Market after 33 years! Great looking (LEGAL 4 UNIT) property but it needs a little TLC. The property is a LEGAL and certified (4) unit building with (5) Units rented currently. All the tenants are currently month to month. ((Rents are relatively low for the area due to the long term owner wanting to keep them where they're at and can easily be raised immediately for current rental market conditions and or Rehab each unit for much higher market rents)) and the current rents are as follows: Garden apt $700,1st floor front $780,1st floor rear $700, 2nd floor front $750, 2nd floor rear $700. Tuck-pointing was done in 2013. Roof 2009. Furnaces and ductwork 2013. Windows are roughly 10 years new. (4) Hot water tanks are about 5 years old. All Tenants pay ALL their own utilities except water. 1st floor electric and gas is off of the 1st floors meters and the owners pay 1/2 of those utilities just for the garden unit.

Last Agent to Sell the Property

David Mishel

Compass License #475159283 Listed on: 08/02/2021

Compass

Last Buyer's Agent

Barbara Lowe

Compass License #471020603

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units
  • Gross Income $3,600

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,734

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Basement Description: Finished,Partially Finished,Concrete (Basement),Storage Space
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 2625
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 3600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4734
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $415,000 +3.8% $112 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $399,999 -- $108 / Sq Ft
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: 11175886

Midwest Real Estate Data (MRED)

APN: 16024090350000