NOT LISTED FOR SALE
7 Beds
5 Baths
1,379 Sq Ft
3,049 Sq Ft Lot

Last Sold March 19, 2021

Last sale price $890,000 $645 Per Sq Ft

4 Days on Market

Highlights

  • Brick Porch or Patio
  • Property is near a bus stop
  • Forced Air Heating System
  • Augustus H. Burley Elementary School Rated A-

About This Home

As of March 2021

LAKEVIEW 3 UNIT PROPERTY - 2 FLAT IN FRONT AND COACH HOUSE IN BACK. 1 EXTERIOR PARKING SPOT INCLUDED BEHIND COACH HOUSE. BURLEY SCHOOL DISTRICT RENTS ARE VERY LOW - LONG TERM TENANTS & OWNER. GROSS MONTHLY RENTS SHOULD BE $6700+ WITH A 6.5%+ CAP RATE. CURRENT CAP RATE = 5.6% BASED ON DUPLEX RENTING FOR $2800. 1ST FLOOR = 2 BED 1 BATH SIMPLEX UNIT - RENTED FOR $1100. LEASE EXPIRES 8-31-21. 2ND FLOOR - 3 BED 2 BATH DUPLUS UP THAT IS VACANT - LEAVING IT VACANT IN THE EVENT SOMEONE WANTS TO MOVE IN. THIS SHOULD RENT FOR $2800. FREE LAUNDRY IN THE BASEMENT FOR THESE 2 FRONT UNITS. COACH HOUSE IS A STAND ALONE 2 BED 2 BATH UNIT WITH LAUNDRY IN THE UNIT AND 1 PARKING SPACE INCLUDED IN RENT. THIS CURRENTLY RENTS FOR $2200 AND THE LEASE EXPIRES 8-31-21. PERFECT OPPORTUNITY FOR SOMEONE TO LIVE IN ONE OF THE DUPLEX UNITS AND COLLECT RENT TO PAY THE MORTGAGE!! MAJOR IMPROVEMENTS: New roof on both buildings and all new skylights in 2017 New wood back porch/staircase and new electrical service to 2 flat in 2019 Hardscape patios / stone beds 2011 New porch front building 2003 REAL ESTATE TAXES $16,278 INSURANCE $3,584 WATER/SEWER/TRASH $4,108.76 COMMON ELECTRIC $132.59 TENANTS PAY THEIR OWN HEAT AND ELECTRIC.

Last Agent to Sell the Property

Sharon O'Hara

@properties Christie's International Real Estate Listed on: 01/28/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Sandra Black

RE/MAX 10 Lincoln Park License #475138021

RE/MAX 10 Lincoln Park

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 3,049

Home Design

  • Frame Construction

Parking

  • Parking Available
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Walk-Out Basement
  • Brick Porch or Patio
  • Property is near a bus stop

Community Details

  • Net Operating Income $48,817

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Age: 100+ Years
  • Full Bathrooms: 5
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 5
  • Estimated Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Number Of Rooms: 13
  • Basement: Walkout
  • Basement: Unfinished
  • Bedrooms All Levels: 7
  • Above Grade Bedrooms: 7

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Frame
  • Exterior Property Features: Patio, Porch, Brick Paver Patio

Garage/Parking

  • Number of Cars: 1
  • Parking: Space/s
  • Number Parking Spaces: 1
  • Parking On Site: Yes
  • Parking Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air
  • Water Expense: 4109

Fee Information

  • Electricity Expense: 132
  • Insurance Expense: 3584

Schools

  • School District: 299
  • Elementary School: Burley Elementary School
  • Middle School: Burley Elementary School
  • High School: Lake View High School
  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125
  • Parcel Identification Number: 14203240380000

Rental Info

  • Gross Rental Income: 73200
  • Total Rental Income: 6100

Multi Family

  • Total Number Unitsin Building: 3
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 5
  • Net Operating Income: 48817

Tax Info

  • Taxes: 16557

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $890,000 +2.4% $645 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $869,000 -- $630 / Sq Ft
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: MRD10965582

Midwest Real Estate Data (MRED)

APN: 14-20-324-038