NOT LISTED FOR SALE
7 Beds
3 Baths
437 Sq Ft
3,920 Sq Ft Lot

Last Sold October 29, 2021

Last sale price $130,000 $297 Per Sq Ft

145 Days on Market

About This Home

As of October 2021

Fantastic cash cow legal 3 unit building investment opportunity featuring 1-3 bedroom unit, 1-2 bedroom unit and a 2 bedroom, 1 bath coach house that is currently vacant, but was rented previously to a CHA tenant for $1,090 per month. In addition, there is also a 1 bedroom, 1 bath attic unit that is currently vacant. Attic unit was previously rented for $500 per month to a market tenant. Currently monthly gross rental income is $2,171 per month. All CHA tenants. Rent roll and expenses are located in the additional information.

Last Agent to Sell the Property

Sam Shah

YBRS Realty Inc. License #475166155 Listed on: 06/01/2021

Last Buyer's Agent

Chanan Dozier

Compass License #471020308

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,048

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 125 x 35

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,048

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 125 X 35
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 3047.95
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat
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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 $130,000 -12.8% $297 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
09/22/2021 09/22/21 For Sale -- -- --
06/16/2021 06/16/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $149,000 -- $341 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $2,393 $20,410 $2,524 $17,886
2024 $2,393 $20,410 $2,524 $17,886
2023 $2,334 $11,316 $3,996 $7,320
2022 $2,334 $11,316 $3,996 $7,320
2021 $2,282 $11,315 $3,995 $7,320
2020 $2,963 $13,268 $2,733 $10,535
2019 $3,048 $15,131 $2,733 $12,398
2018 $2,996 $15,131 $2,733 $12,398
2017 $3,551 $16,460 $2,523 $13,937
2016 $3,305 $16,460 $2,523 $13,937
2015 $3,024 $16,460 $2,523 $13,937
2014 $2,738 $14,720 $2,103 $12,617
2013 $2,683 $14,720 $2,103 $12,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11106407

Midwest Real Estate Data (MRED)

APN: 25-22-318-001