NOT LISTED FOR SALE
5 Beds
3 Baths
-- Sq Ft
1918 Built

Last Sold December 13, 2019

Last sale price $275,000

130 Days on Market

About This Home

As of December 2019

Solid legal 2 Unit Chicago brick building with (2) 2bd/1ba units and (1)1bd/1ba. 2010 rehab included the following: new copper plumbing, electric, individual furnaces, individual hot water heaters, windows, & roof. The washer/dryer in building are leased. Fully occupied and cash flowing in current condition with below market rents. Significant rental upside with light cosmetic improvements to kitchens and bathrooms. This is a great value-add investment opportunity. BROKER AND SELLER DO NOT WARRANT THE LEGALITY OF THE GARDEN UNIT. **Note: This property is a part of a 21 building portfolio. Call broker to inquire for more details. CASH OR CONVENTIONAL LOANS ONLY. NO FHA

Last Agent to Sell the Property

Rick Ofman

Kiser Group Realty Inc License #475172869 Listed on: 09/10/2019

Co-Listed By

Marco Cesario

Jameson Commercial License #475142196

Last Buyer's Agent

David Mishel

Real Broker LLC License #475159283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,391

Year Built

  • Built in 1918 | Remodeled in 2010

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

  • 2 Units
  • Gross Income $34,308

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,391

Year Built

Built in 1918 | Remodeled in 2010

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2010

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 34308
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4390.62
  • Tax Year: 2018
  • 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
03/15/2020 03/15/20 Off Market $275,000 -- --
12/13/2019 12/13/19 Sold $275,000 -1.8% --
11/08/2019 11/08/19 Pending -- -- --
10/04/2019 10/04/19 Price Changed $280,000 -5.1% --
07/01/2019 07/01/19 For Sale $295,000 -- --
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 $4,644 $34,000 $7,054 $26,946
2024 $4,644 $34,000 $7,054 $26,946
2023 $4,527 $22,001 $5,720 $16,281
2022 $4,527 $22,001 $5,720 $16,281
2021 $4,426 $21,999 $5,719 $16,280
2020 $3,789 $16,997 $4,194 $12,803
2019 $3,928 $19,537 $4,194 $15,343
2018 $4,391 $22,214 $4,194 $18,020
2017 $4,066 $18,877 $3,813 $15,064
2016 $3,783 $18,877 $3,813 $15,064
2015 $3,830 $20,888 $3,813 $17,075
2014 $3,157 $17,005 $3,431 $13,574
2013 $3,522 $19,351 $3,431 $15,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10512667

Midwest Real Estate Data (MRED)
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