NOT LISTED FOR SALE
12 Beds
7 Baths
-- Sq Ft
1880 Built

Last Sold November 07, 2022

Last sale price $1,600,000

12 Days on Market

Highlights

  • Deck
  • Patio
  • Multiple Water Heaters
  • Augustus H. Burley Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2022

Incredible turnkey 4-unit investment opportunity located on a quiet one-way street in the Lakeview/Southport Corridor neighborhood. New construction without the new construction hassles. Both front and back buildings were a complete gut rehab in 2017 down to the studs. Everything has been updated including new plumbing, electrical, sewer line, gas lines and a new roof. All four units feature hardwood floors, quartz counters, central a/c, gas forced heat and in-unit washer/dryer. Very low maintenance costs since everything is new. The front building is comprised of two units. Unit 1F is a 4 bedroom plus den, 2 bath duplex down unit. Unit 2F is a 3 bedroom 2 bath duplex up unit. The rear building is also comprised of two rehabbed units. Unit 1R is a 2 bedroom, 1 bath unit. Unit 2R is a duplex up 3 bedroom, 2 bath unit. The front property offers spacious balconies off the units and there is also a great patio between the buildings which is great for the tenants and summer grilling. These units rent very quickly and have very minimal turnover and almost no vacancy. 1F is leased for $3,450 per month and expires on 5/31/23. Unit 2F is leased for $3,100 and expires on 8/31/23. Unit 1R is leased for $2,000 per month and expires on 8/15/23. Unit 2R is leased for $2,795 and expires on 6/15/23.

Last Agent to Sell the Property

Jonathan Stein

Fulton Grace Realty License #471021623 Listed on: 09/14/2022

Fulton Grace Realty

Co-Listed By

Nick Riggio

Fulton Grace Realty License #475173917

Last Buyer's Agent

Oluseyi Adelakun

Worth Clark Realty License #475197729

Worth Clark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,857

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 25 x 125

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 7 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 4 Units
  • Gross Income $136,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,857

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): No
  • Rebuilt Year: 2017
  • ResoPropertyType: ResidentialIncome
  • AttributionContact: jstein@fultongrace.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 12
  • Other Equipment: Sump Pump, Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 7
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • Room: 6

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • List Price: 1625000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 125
  • 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: 136140
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,Other

Tax Info

  • Tax Annual Amount: 14856.71
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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
11/07/2022 11/07/22 Sold $1,600,000 -1.5% --
09/27/2022 09/27/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $1,625,000 -- --
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: 11628954

Midwest Real Estate Data (MRED)