NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1889 Built

Sale Details

Date Sold: August 28, 2015

Last sale price $616,000

7 Days on Market

Highlights

  • Deck
  • Two Heating Systems
  • 2-minute walk to Park No. 399
  • Patio
  • Paved or Partially Paved Lot

About This Home

As of August 2015

TREMENDOUS OPPORTUNITY TO OWN A TURNKEY, ALL-BRICK LEGAL 4 UNIT BUILDING JUST WEST OF WESTERN AVE. UNITS EACH HAVE 2 BEDS + 1 BATH. ALL FEATURE HARDWOOD FLOORS, CENTRAL AIR + GAS FORCED HEAT. 2 DUPLEX DOWN, 2 SIMPLEX. REAR UNITS HAVE NEW LARGE DECKS. LAUNDRY IN BASEMENT. SEP. UTILITIES FOR EACH UNIT. PLENTY OF ROOM TO ADD GARAGE. AWESOME HUMBOLDT PARK LOCATION STEPS TO BLUE LINE, NORTH AVE + DIVISION.

Last Agent to Sell the Property

J Maggio

Americorp, Ltd License #475128409 Listed on: 07/14/2015

Co-Listed By

Michelle Welch

Compass License #475159970

Last Buyer's Agent

Scott Broene

Compass License #471018840

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,825

Year Built

  • Built in 1889

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Schools

  • De Diego Elementary School Commu
  • Clemente Community Academy Senio High School

Utilities

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

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,560
  • Net Operating Income $39,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,825

Year Built

Built in 1889

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1889
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Fee Information

  • Other Expenses $: 4386

Schools

  • Elementary School: DE DIEGO ELEMENTARY SCHOOL COMMU
  • High School: CLEMENTE COMMUNITY ACADEMY SENIO
  • Middle/Junior School: DE DIEGO ELEMENTARY SCHOOL COMMU

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 39174
  • GrossIncome: 43560
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5825.2
  • Tax Year: 2014
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2015
Closed on
Aug 15, 2015
Sold by
Bought by
Seller's Agent
J Maggio
Americorp, Ltd
Buyer's Agent
Scott Broene
Compass
List Price
$550,000
Sold Price
$616,000
Premium/Discount to List
$66,000
12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
0.0487%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
0.0623%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
0.0137%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
0.0608%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
0.075%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$616,000 First American Title
-- None Available
$530,000 Ctic
$482,500 Ticor Title Insurance
$415,000 --
$218,000 Professional National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $462,000
Closed $424,000
Previous Owner $386,000
Previous Owner $332,000
Closed $163,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $616,000 +12.0% --
07/21/2015 07/21/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,802 $68,000 $17,640 $50,360
2024 $12,802 $68,000 $17,640 $50,360
2023 $12,442 $60,493 $14,175 $46,318
2022 $12,442 $60,493 $14,175 $46,318
2021 $12,165 $60,493 $14,175 $46,318
2020 $9,205 $41,322 $8,032 $33,290
2019 $10,603 $52,775 $8,032 $44,743
2018 $10,425 $52,775 $8,032 $44,743
2017 $8,227 $38,219 $7,087 $31,132
2016 $7,655 $38,219 $7,087 $31,132
2015 $7,003 $38,219 $7,087 $31,132
2014 $5,825 $31,396 $6,300 $25,096
2013 $5,710 $31,396 $6,300 $25,096
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08981719

Midwest Real Estate Data (MRED)
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