$400,000
SOLD DEC 10, 2024
3 Beds
2 Baths
672 Sq Ft
1890 Built

Recently Sold

$595 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • Den
  • Heating System Uses Steam
  • 3-minute walk to Park No. 399
  • 2 Car Detached Garage

About This Home

As of December 2024

Location, Opportunity, Location! BRICK 2 FLAT IN NEED OF REHAB. SOLID STRUCTURE IN NEED OF ROOF, FRONT PORCH AND UPDATING. Here it is folks, the opportunity to acquire a brick two flat and renovate an entire structure. There are 3 levels for living space which include the main level 2 bedroom 1 bath which can be duplexed down into the partially finished basement with just under 8 ft ceilings already in place. The basement has a dedicated front entrance and rear entrance already in place. The upstairs unit has one bedroom plus a den, kitchen, living area and bathroom. The second floor has only the rear entrance access. The property is sold as is and there is a zoning cert in place for two dwelling units. This property falls into the Pilot program area for ADU and so you might be able to get an additional unit. No contracts accepted with such contingencies however. Perform your due diligence in advance. The structure is small at about 700 Sq ft per level but could be expanded back due to the lot size and the zoning. RS-3 Lot size is 25 x 125 PROPERTY NEEDS FULL RENOVATION, EG. ROOF, KITCHENS AND BATHS, ELECTRICAL, PLUMBING ETC. FRONT PORCH NEEDS FULL REPLACEMENT AS WELL.

Last Agent to Sell the Property

Wilfredo Aguilar

Compass Listed on: 09/16/2024

Compass

Last Buyer's Agent

Anthony White

EXIT Strategy Realty License #475194105

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,935

Year Built

  • Built in 1890

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Exterior Basement Entry

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Den
  • Lot Dimensions are 25 x 125

Community Details

  • 2 Units
  • Flats

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,935

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Den
  • Basement Description: Partially Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 425000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Sewer-Storm
  • Heating: Steam
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 7935
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Nov 8, 2024
Sold by
Gonzalez Francisco and Ponce Joseph M
Bought by
J & A Development Group Llc
Seller's Agent
Wilfredo Aguilar
Compass
Buyer's Agent
Anthony White
EXIT Strategy Realty
List Price
$439,900
Sold Price
$400,000
Premium/Discount to List
-$39,900
-9.07%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.33%
Original Mortgage
$509,900
Outstanding Balance
$173,437
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
$482,005

Purchase Details

Closed on
Feb 13, 2009
Sold by
Gonzalez Francisco and Nunez Elida
Bought by
Gonzalez Francisco and Ponce Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,562
Interest Rate
4.75%
Mortgage Type
FHA
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

Date Type Sale Price Title Company
Warranty Deed $400,000 Chicago Title
Warranty Deed $400,000 Chicago Title
Interfamily Deed Transfer -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $509,900 Construction
Closed $509,900 Construction
Previous Owner $325,302 FHA
Previous Owner $334,562 FHA
Previous Owner $10,000 Unknown
Previous Owner $284,084 Unknown
Previous Owner $43,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $799,000 +99.8% --
12/10/2024 12/10/24 Sold $400,000 -5.9% $595 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/25/2024 09/25/24 Price Changed $425,000 -3.4% $632 / Sq Ft
09/16/2024 09/16/24 For Sale $439,900 -- $655 / 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 $8,187 $43,000 $17,640 $25,360
2023 $7,935 $42,000 $14,175 $27,825
2022 $7,935 $42,000 $14,175 $27,825
2021 $7,776 $42,000 $14,175 $27,825
2020 $6,769 $33,489 $8,032 $25,457
2019 $6,787 $37,210 $8,032 $29,178
2018 $6,672 $37,210 $8,032 $29,178
2017 $3,183 $18,162 $7,087 $11,075
2016 $3,138 $18,162 $7,087 $11,075
2015 $2,847 $18,162 $7,087 $11,075
2014 $2,607 $16,619 $6,300 $10,319
2013 $3,023 $16,619 $6,300 $10,319
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12164807

Midwest Real Estate Data (MRED)

APN: 16-01-205-039-0000