$230,000
SOLD MAR 8, 2024

1102 Chestnut St Cadillac, MI 49601

-- Bed
-- Bath
-- Sq Ft
6,752 Sq Ft Lot

Recently Sold

9% Below List Price

75 Days on Market

Highlights

  • 1 Fireplace
  • 4 Car Garage
  • High Speed Internet
  • Forced Air Heating System

About This Home

As of March 2024

Investors take notice. Just a couple minute walk from the shores of Lake Cadillac, and a short walk from parks, downtown, and walking trails, sets this 4 unit quadplex. All units are currently fully rented out, and come with a fantastic rental history. Fantastic location, stable income, and a solid structure make this an unique opportunity for investors of any kind. Financials for the property are available upon request. Call for more information.

Last Agent to Sell the Property

Joe McNally

RE/MAX TOGETHER License #6502393305 Listed on: 11/24/2023

RE/MAX TOGETHER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,092

Year Built

  • Built in 1920

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 54x132

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,092

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 54x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4092.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Laundry Features In Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Other, Vinyl Siding
  • List Price: 237400.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 54x132
  • Lot Size Sq Ft: 6752.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4092.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Mar 6, 2024
Sold by
Lama Llc
Bought by
1102 Chestnut Llc
Seller's Agent
Joe McNally
RE/MAX TOGETHER
List Price
$251,900
Sold Price
$230,000
Premium/Discount to List
-$21,900
-8.69%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Deed $230,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $299,000 +30.0% $102 / Sq Ft
03/08/2024 03/08/24 Sold $230,000 -3.1% --
02/07/2024 02/07/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $237,400 -5.8% --
11/24/2023 11/24/23 For Sale $251,900 +43.1% --
08/20/2021 08/20/21 Sold $176,000 -12.0% $62 / Sq Ft
05/28/2021 05/28/21 For Sale $200,000 -- $71 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

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 $2,883 $84,500 $0 $0
2023 $4,092 $71,100 $0 $0
2022 $4,092 $64,200 $0 $0
2021 $2,729 $57,400 $0 $0
2020 $2,700 $56,400 $0 $0
2019 $2,656 $47,600 $0 $0
2018 -- $42,000 $0 $0
2017 -- $42,500 $0 $0
2016 -- $41,200 $0 $0
2015 -- $41,900 $0 $0
2013 -- $37,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23142984

Southwestern Michigan Association of REALTORS®

APN: 10-075-00-014-00