NOT LISTED FOR SALE
5 Beds
4 Baths
3,440 Sq Ft
3,485 Sq Ft Lot

Last Sold September 27, 2019

Last sale price $220,000 $64 Per Sq Ft

160 Days on Market

Highlights

  • Fenced Yard
  • Porch
  • Paved or Partially Paved Lot
  • 3 Car Detached Garage

About This Home

As of September 2019

Well maintained building! Located near, shopping, schools public transportation & parks! 1615 E 85th Pl is a profit center. This 4 unit bldg is 100% occupied & has rental garage space. Apartments have a living room, dining room, bedroom, kitchen and bathroom. 1 Unit converted to 2 bedrooms. All units can become 2BRs. Bsmt Office. ADD Bsmt Unit! IMPROVEMENTS: In 1994 the building and garage was tuck-pointed and 3 bathrooms were updated. * In 1997 the electrical was rewired throughout the entire bldg * In 2001 the kitchens were updated * In 2004 all the hardwood floors were refinished * In 2009 1 bathroom was rehabbed and 1 apt (2nd fl rear) had central AC installed i* In 1997, 2001, 2011 all the windows were replace with double hung, double pane windows * In 2007 all four apartments converted to individual forced air heat and the back porch was rebuilt. 2019 basement window painting and minor tuck pointing. 24 Hour Notice See anytime on Tues & Weds, (See Thurs Thru Mon after 2:30p

Last Agent to Sell the Property

Michael LaFargue

Coldwell Banker Realty License #471011521 Listed on: 02/15/2019

Coldwell Banker Realty

Last Buyer's Agent

Salvador Gonzalez

RE/MAX Mi Casa License #475122447

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1927

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 39x125
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $307
  • Fuel Expense $816
  • Insurance Expense $4,483
  • Maintenance Expense $1,400
  • Trash Expense $304
  • Water Sewer Expense $1,600
  • Gross Income $31,800
  • Net Operating Income $22,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 304
  • Water Sewer Expenses: 1600
  • Trash Expense Year: 2018

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 39X125
  • 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: 22890
  • Fuel Expense: 816
  • Insurance Expense: 4483
  • ElectricExpense: 307
  • GrossIncome: 31800
  • Maintenance Expense: 1400
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3596.45
  • Tax Year: 2017
  • Tax Exemptions: None
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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
09/27/2019 09/27/19 Sold $220,000 0.0% $64 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/22/2019 07/22/19 Off Market $220,000 -- --
07/12/2019 07/12/19 For Sale $220,000 0.0% $64 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $220,000 0.0% $64 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $220,000 -- $64 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,798 $25,101 $2,813 $22,288
2024 $3,798 $25,101 $2,813 $22,288
2023 $3,702 $18,001 $4,688 $13,313
2022 $3,702 $18,001 $4,688 $13,313
2021 $3,619 $17,999 $4,687 $13,312
2020 $3,468 $15,568 $3,375 $12,193
2019 $2,865 $17,691 $3,375 $14,316
2018 $2,816 $17,691 $3,375 $14,316
2017 $3,596 $20,082 $3,000 $17,082
2016 $3,522 $20,082 $3,000 $17,082
2015 $3,199 $20,082 $3,000 $17,082
2014 $3,058 $19,048 $2,625 $16,423
2013 $2,986 $19,048 $2,625 $16,423
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10273987

Midwest Real Estate Data (MRED)

APN: 20363180110000