NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold May 10, 2019

Last sale price $1,050,000

65 Days on Market

Highlights

  • Brick Porch or Patio
  • Forced Air Zoned Heating System
  • Ceiling Fan
  • Augustus H. Burley Elementary School Rated A-
  • Humidifier

About This Home

As of May 2019

Great owner occupied or investor opportunity in a meticulously maintained and updated legal Lakeview three flat. Central air in each unit. High ceilings and hardwood floors throughout living space. Unit 1-one bed one bath plus office, living room and large upgraded white kitchen. Unit 2-two beds one bath, living room, dining room and large kitchen. Unit 3-Beautiful extra-large four bed plus den two bath duplex up has upgraded kitchen with high end stainless appliances, skylights throughout. Washer and dryer in basement for units 1 and 2. Unit 3 has its own washer/dryer. Four outdoor parking spaces are included in rents. Tenants pay own utilities. Fully rented. Turn-key investment property.

Last Agent to Sell the Property

Matt Goodhart

@properties Christie's International Real Estate License #475177713 Listed on: 01/23/2019

@properties Christie's International Real Estate

Co-Listed By

Alice Berger

@properties Christie's International Real Estate License #475122421

Last Buyer's Agent

Cynthia Sodolski

Compass License #475154759

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,937

Year Built

  • Built in 1891 | Remodeled in 2003

Lot Details

  • 3,049

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

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

Schools

  • Burley Elementary School
  • Lake View High School

Utilities

  • Humidifier
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Brick Porch or Patio
  • Lot Dimensions are 25x125

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $85,140
  • Net Operating Income $67,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,937

Year Built

Built in 1891 | Remodeled in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2003
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2003

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Humidifier, TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Hardwood Floors,Skylights/Windows,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Patio, Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 1090000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Stone

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+, Indv Controls, Zoned
  • Water Source: Lake Michigan, Public

Fee Information

  • Other Expenses $: 17215

Schools

  • Elementary School: BURLEY ELEMENTARY SCHOOL
  • High School: LAKE VIEW HIGH SCHOOL
  • Middle/Junior School: BURLEY ELEMENTARY SCHOOL
  • Middle/Junior School District: 299

Lot Info

  • 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

Multi Family

  • Net Operating Income: 67925
  • GrossIncome: 85140
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11937
  • Tax Year: 2017

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 Change Sq Ft Price
05/10/2019 05/10/19 Sold $1,050,000 -3.7% --
03/29/2019 03/29/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $1,090,000 -- --
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: 10255489

Midwest Real Estate Data (MRED)