NOT LISTED FOR SALE
23 Beds
7 Baths
5,234 Sq Ft
2,614 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $641,000 $122 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Walk-In Closet
  • Solid Surface Countertops
  • Enclosed Patio or Porch
  • 4-minute walk to Prospect Park

About This Home

As of June 2023

168 3rd Street is an enormous brick 4-Unit located just one block away from the Historic Washington Park. There is almost 7,000ft2 of finished space, with rental history showing income of over $7,000 a month. The building was gutted and completely remodeled with new electric, new plumbing just over 5 years ago. There are multiple bathrooms in each unit, on demand heating and HW, individual washer/dryers in each unit, hardwoods, new windows, new kitchens and baths.

Last Agent to Sell the Property

Shane Mahar

Madison Park Real Estate License #10491207239 Listed on: 03/30/2023

Last Buyer's Agent

Heather Morra

McDonald Real Estate Comp LLC License #10401362691

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,868

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 3-Story Property
  • ENERGY STAR Qualified Windows
  • Finished Basement
  • Apartment Living Space in Basement
  • Solid Surface Countertops
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 23 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 7 Full Bathrooms
  • Ceramic Tile in Bathrooms

Parking

  • 3 Parking Spaces
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, electricity
  • Legal Lot and Block 17.000 / 8
  • Assessor Parcel Number 381700 101.69-8-17

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,868

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Quadruplex
  • Year Built: 1920
  • Directions: 1 Block From Washington Park
  • Above Grade Finished Sq Ft: 5234.0
  • Lot Size Acres: 0.06
  • New Construction: No
  • Parking Features Parking Total: 3.0
  • Sale Detail Seller Contribution: Yes
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Rental Income: 7400.0
  • Rental Income Description: Monthly
  • Income Description: yearly
  • Fencing:Back Yard: Yes
  • Percent Basement Finished: Yes
  • Flooring:Hardwood: Yes
  • Foundation Details:BrickMortar: Yes
  • Levels Three Or More: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Hardwood
  • Basement: Apartment, Finished
  • Interior Amenities: Solid Surface Counters, Walk-In Closet(s), Ceramic Tile Bath
  • Full Bathrooms: 7
  • Total Bedrooms: 23
  • Below Grade Sq Ft: 1742.0
  • Living Area: 5234.0
  • Window Features: ENERGY STAR Qualified Windows
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 2nd
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 3rd
  • Bathroom Levels Full Bathroom 6: 3rd
  • Bathroom Levels Full Bathroom 7: Basement
  • Fireplace: No
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Ceramic Tile Bath: Yes
  • Interior Features:Solid Surface Counters: Yes
  • Basement:Apartment: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Flat, Rubber
  • Construction Type: Brick
  • Fencing: Back Yard
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Enclosed
  • Waterfront: No
  • Property Condition: Updated/Remodeled
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Enclosed: Yes
  • Window Features:ENERGY STAR Qualified Windows: Yes

Garage/Parking

  • Parking Features: Off Street
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 3.0
  • Parking Features:Off Street: Yes
  • Property Detail:Parking YN: Yes

Utilities

  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 200+ Amp Service
  • Heating: Ductless, Natural Gas
  • Laundry Features: Laundry Room
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Ductless: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No
  • Unit 2 Amenities:Bay Window(s)3: Yes
  • Unit 1 Amenities:Bay Window(s)2: Yes
  • Unit 3 Amenities:Bay Window(s)4: Yes
  • Unit 4 Amenities:Bay Window(s)5: Yes

Schools

  • Junior High Dist: Troy

Lot Info

  • Parcel #: 381700 101.69-8-17
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Internet, Electricity

Tax Info

  • Tax Annual Amount: 6868.0
  • Tax Block: 8
  • Tax Lot: 17.000

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
06/30/2023 06/30/23 Sold $641,000 -1.4% $122 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $650,000 +1260.5% $124 / Sq Ft
02/22/2016 02/22/16 Sold $47,775 -16.2% $9 / Sq Ft View Prior Sale
12/14/2015 12/14/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $57,000 -- $11 / Sq Ft
Source: Global MLS

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 $17,909 $180,000 $6,300 $173,700
2023 $7,077 $150,000 $6,300 $143,700
2022 $10,290 $150,000 $6,300 $143,700
2021 $5,202 $150,000 $6,300 $143,700
2020 $3,455 $150,000 $6,300 $143,700
2019 $4,906 $150,000 $6,300 $143,700
2018 $4,906 $150,000 $6,300 $143,700
2017 $4,884 $150,000 $6,300 $143,700
2016 $6,548 $150,000 $6,300 $143,700
2015 -- $150,000 $6,300 $143,700
2014 -- $150,000 $6,300 $143,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202314039

Global MLS