NOT LISTED FOR SALE
6 Beds
2 Baths
2,004 Sq Ft
3,049 Sq Ft Lot

Last Sold December 20, 2019

Last sale price $100,000 $50 Per Sq Ft

272 Days on Market

Highlights

  • First Floor Utility Room
  • Fenced Yard
  • 3-minute walk to Ninebark Playground Park

About This Home

As of December 2019

Stunning rehab of a historic 2 unit grey stone in Douglas Park. Huge 1st floor 3 bedroom 1 bath unit currently being rented by long time tenants paying $700 per month. Get a hold of this opportunity to make a great deal for yourself now! Duplex the basement with the 1st floor, tenants have agreed to pay $1,400/month! Look at this from one of two ways: 1.) 2nd floor unit is vacant and can easily get $900 per month with the right tenant. Because you are a smart and savvy buyer, you can see that $900 per month plus the $1,450 is an amazing 15% net cash on cash return! -OR- 2.) You live in one unit and let the rent from the other pay for your home! Just imagine all of the possibilities that exist for you in this property BUT only if you act RIGHT NOW and buy this building before someone else beats you to it! Many people talk about the things they want to do with their lives, not you... you on the other hand are a person of action and you know, this is a great deal when you see it.

Last Agent to Sell the Property

Michael Kevorkian

New Market Realty Inc License #471001752 Listed on: 01/31/2019

Last Buyer's Agent

Monica Morales

Extreme Realty LLC License #471016503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,229

Year Built

  • Built in 1901 | Remodeled in 2018

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x129
  • Fenced Yard

Home Design

  • Brick Exterior Construction

Interior Spaces

  • First Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,229

Year Built

Built in 1901 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Room Type: Utility Room-1st Floor, Utility Room-2nd Floor
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Laundry Hook-Up,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Laundry Hook-Up,Range Hood

Exterior Features

  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X129
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3229
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat
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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
12/20/2019 12/20/19 Sold $100,000 -13.0% $50 / Sq Ft
10/30/2019 10/30/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $114,900 0.0% $57 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
10/13/2019 10/13/19 For Sale $114,900 0.0% $57 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $114,900 0.0% $57 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/09/2019 09/09/19 Price Changed $114,900 -11.5% $57 / Sq Ft
06/12/2019 06/12/19 For Sale $129,900 +8.3% $65 / Sq Ft
06/12/2019 06/12/19 Price Changed $119,900 -7.7% $60 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
03/19/2019 03/19/19 Price Changed $129,900 -7.1% $65 / Sq Ft
01/31/2019 01/31/19 For Sale $139,900 -- $70 / 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
2025 $2,304 $18,400 $4,531 $13,869
2024 $2,304 $18,400 $4,531 $13,869
2023 $2,246 $10,885 $3,672 $7,213
2022 $2,246 $10,885 $3,672 $7,213
2021 $2,196 $10,884 $3,671 $7,213
2020 $2,115 $9,461 $3,671 $5,790
2019 $2,192 $10,875 $3,671 $7,204
2018 $2,155 $10,875 $3,671 $7,204
2017 $3,483 $16,123 $3,281 $12,842
2016 $3,229 $16,123 $3,281 $12,842
2015 $2,954 $16,123 $3,281 $12,842
2014 $2,647 $14,265 $3,125 $11,140
2013 $2,594 $14,265 $3,125 $11,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10260670

Midwest Real Estate Data (MRED)

APN: 16231170340000