NOT LISTED FOR SALE

Estimated Value: $363,000 - $406,000

9 Beds
3 Baths
3,240 Sq Ft
$118/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $355,000 $110 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,383/month

3 Days on Market

Highlights

  • Medical Services
  • Porch
  • Park
  • Property is near public transit and schools
  • Living Room
  • Shops

About This Home

As of May 2024

***HIGHEST & BEST OFFERS DUE BY MONDAY, MARCH 4TH @ 5PM *** Excellent 3 family investment opportunity!! Looking to add or to start your rental portfolio, Well look no further, 11 Reed Ave is just the one!! All units have the same layout - kitchen, living room, bath, 3 bedrooms & rear porch.Separate utilities for all units, including in unit electric panels, individual natural gas forced hot air furnaces, Dedicated Water Heaters & More. Units have updates and are rented with long term tenants. Tenants can also enjoy on-site laundry facilities if buyer chooses in common area basement. Month to Month Tenants - Current rent is below market value so there is room for increased income. Owner pays water, sewer & trash. Close to area colleges, Library, shopping centers, and more! This building is nestled amongst other multi-unit homes with its own off street parking. Now is the time, invest in your future! Schedule your appointment today. Group Showings at specified times only.

Last Agent to Sell the Property

Dakota Richards

ERA M Connie Laplante Real Estate Listed on: 02/29/2024

Last Buyer's Agent

Dakota Richards

ERA M Connie Laplante Real Estate Listed on: 02/29/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,136

Year Built

  • Built in 1920

Lot Details

  • 2,925

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Living Room
  • Range
  • Washer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Common or Shared Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Shed
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2,925 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $3,500
  • Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks))
  • Assessor Parcel Number M:0127 P:00019,2500770

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Electric Expense $500
  • Insurance Expense $3,500
  • Water Sewer Expense $1,900
  • Operating Expense $5,900
  • Net Operating Income $36,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,136

Year Built

Built in 1920

Lot Details

2,925 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1920
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Vinyl, Carpet, Laminate, Vinyl / VCT
  • Interior Amenities: Ceiling Fan(s), Pantry, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: None, Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Living Area: 3240
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: J02000
  • MAIN SO: J02000

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar, Other
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Common, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Washer Hookup, Varies per Unit
  • Cooling: None
  • Heating: Electric, Forced Air, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks)), Unit 3(Water,Other (See Remarks))
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1900

Lot Info

  • Parcel Number: M:0127 P:00019,2500770
  • Zoning: 4
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2925
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4136

Multi Family

  • Electric Expense: 500
  • Insurance Expense: 3500
  • Net Operating Income: 36100
  • Number Of Units Total: 3
  • Operating Expense: 5900
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2002
Sold by
Keeler Wayne H and Keeler Elaine M
Bought by
Lecko Janusz
Current Estimated Value
$382,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,900
Outstanding Balance
$32,296
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$349,973
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Lecko Janusz $69,900 --
Lecko Janusz $69,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lecko Janusz $75,900
Closed Lecko Janusz $75,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2024 05/03/24 Sold $355,000 +7.6% $110 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $329,900 +83.3% $102 / Sq Ft
12/31/2014 12/31/14 Sold $180,000 -5.2% $56 / Sq Ft View Prior Sale
12/01/2014 12/01/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $189,900 -- $59 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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
2025 $4,468 $294,700 $58,600 $236,100
2024 $4,136 $280,200 $57,400 $222,800
2023 $3,821 $252,200 $52,200 $200,000
2022 $3,782 $222,600 $45,400 $177,200
2021 $879 $201,000 $39,000 $162,000
2020 $3,310 $189,600 $39,000 $150,600
2019 $3,269 $182,000 $39,000 $143,000
2018 $2,695 $174,400 $37,100 $137,300
2017 $2,996 $173,100 $37,000 $136,100
2016 $2,907 $171,900 $37,000 $134,900
2015 $2,417 $137,800 $37,000 $100,800
2014 $2,275 $137,800 $37,000 $100,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73206789

MLS Property Information Network (MLS PIN)

APN: CHIC-000127-000000-000019

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