NOT LISTED FOR SALE

Estimated Value: $263,000 - $362,000

4 Beds
4 Baths
3,080 Sq Ft
$99/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $179,900 $58 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,958/month

1 Day on Market

About This Home

As of September 2020

Well maintained Brick 2 story, 4 unit apartment building. All One Bedroom units are leased on a mtm and tenants wish to stay. Each unit has a complete kitchen and bath, living room and eating space and access to coin operated laundry in Basement. Separate utilities and ample parking. New roof and boilers have been replaced within last 4 years. Gas and electric up to date. Live in one unit, rent the others. Low taxes.

Last Agent to Sell the Property

Ernesto Vaca

Real People Realty License #471013585 Listed on: 07/14/2020

Real People Realty

Last Buyer's Agent

Ernesto Vaca

Real People Realty License #471013585 Listed on: 07/14/2020

Real People Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,972

Year Built

  • Built in 1957 | Remodeled in 2010

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x123

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units
  • Gross Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,972

Year Built

Built in 1957 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1957
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 3

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 179900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 187

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 50X123
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 28000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5972.24
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Aug 27, 2020
Sold by
Chicago Title Land Trust Company
Bought by
Rocha Genaro
Seller's Agent
Ernesto Vaca
Real People Realty
Buyer's Agent
Ernesto Vaca
Real People Realty
List Price
$179,900
Sold Price
$179,900
Current Estimated Value
$303,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,685
Avg. Annual Appreciation
9.35%
Original Mortgage
$131,250
Outstanding Balance
$117,529
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$162,479

Purchase Details

Closed on
Dec 29, 2009
Sold by
Wagner Fredrick W and Estate Of Fredric W Ford
Bought by
Chicago Title Land Trust Company and Trust #3830
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 Buyer Sale Price Title Company
Rocha Genaro $175,000 Chicago Title
Chicago Title Land Trust Company $75,000 St
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocha Genaro $131,250
Previous Owner Chicago Title Land Trust Co $274,782
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $179,900 0.0% $58 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $179,900 -- $58 / 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
2024 $10,195 $87,611 $6,759 $80,852
2023 $9,116 $75,028 $5,788 $69,240
2022 $9,116 $64,518 $4,477 $60,041
2021 $8,108 $57,707 $4,018 $53,689
2020 $6,727 $49,279 $3,737 $45,542
2019 $6,348 $45,156 $3,424 $41,732
2018 $5,972 $34,688 $3,241 $31,447
2017 $5,341 $30,689 $2,867 $27,822
2016 $5,596 $31,635 $3,193 $28,442
2015 $5,227 $28,314 $2,858 $25,456
2014 $3,707 $22,352 $3,063 $19,289
2012 $3,867 $24,217 $3,319 $20,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10781154

Midwest Real Estate Data (MRED)

APN: 08-33-122-018