NOT LISTED FOR SALE
9 Beds
6 Baths
-- Sq Ft
-- Built

Last Sold May 06, 2024

Last sale price $379,900

7 Days on Market

About This Home

As of May 2024

This outstanding 3 unit building consists of three -3 Br, 2-Bath Units. Each unit has its own furnace, & A/C. Unit 2 has a washer & dryer in-unit. Hardwood floors throughout. Large kitchen -living room combo. Private parking in the rear. Tenant pays their own utilities.

Last Agent to Sell the Property

James Tammaro

RE/MAX 10 License #475114220 Listed on: 03/13/2024

RE/MAX 10

Last Buyer's Agent

David Jaracz

Savvy Properties Inc License #471019217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,884

Lot Details

  • Lot Dimensions are 25 x 125

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 6 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $2,500
  • Maintenance Expense $1,000
  • Manager Expense $2,400
  • Professional Management Expense $500
  • Trash Expense $1,200
  • Water Sewer Expense $600
  • Gross Income $46,800
  • Net Operating Income $35,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,884

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 500
  • Age: 61-70 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: None
  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 3
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

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

Condo/Co-op/Association

  • Manager Expense: 2400

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 600
  • Trash Expense Year: 23

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 35017
  • Insurance Expense: 2500
  • ElectricExpense: 300
  • GrossIncome: 46800
  • Maintenance Expense: 1000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3883.58
  • Tax Year: 2022
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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
05/06/2024 05/06/24 Sold $379,900 +2.7% --
03/21/2024 03/21/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $369,900 -- --
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 $7,410 $36,000 $4,559 $31,441
2024 $7,410 $36,000 $4,559 $31,441
2023 $7,223 $35,000 $3,694 $31,306
2022 $7,223 $35,000 $3,694 $31,306
2021 $7,061 $34,999 $3,694 $31,305
2020 $4,009 $17,936 $3,694 $14,242
2019 $4,156 $20,617 $3,694 $16,923
2018 $4,086 $20,617 $3,694 $16,923
2017 $4,515 $20,903 $3,301 $17,602
2016 $4,187 $20,903 $3,301 $17,602
2015 $3,830 $20,903 $3,301 $17,602
2014 $3,902 $21,033 $3,144 $17,889
2013 $3,825 $21,033 $3,144 $17,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12002572

Midwest Real Estate Data (MRED)