NOT LISTED FOR SALE
8 Beds
2 Baths
-- Sq Ft
1902 Built

Last Sold June 29, 2016

Last sale price $255,100

78 Days on Market

Highlights

  • Greystone Architecture
  • Brick or Stone Mason
  • 3-minute walk to Greenebaum Park
  • Porch
  • Patio

About This Home

As of June 2016

Whether you are looking to occupy this two-flat yourself or add this to your portfolio, this opportunity is perfect for either. This rarely available Greystone features two 4br units. The property has been rehabbed (with permits) in 2006. There are hardwood floors throughout. Updated electric service. Newer roof. Recent tuck-pointing. Updated copper water lines. Updated bathrooms and spacious eat-in kitchens. Rebuilt rear porch. Both units are occupied with paying tenants. There is an unfinished basement with front and rear access and its own electric panel which can be finished for added space. (4th bedroom is located in the enclosed porch). Current valuation is about an 8.5% cap rate. Tenant occupied, please do not disturb the occupants.

Last Agent to Sell the Property

gershon draiman

Pearson Realty Group License #471019899 Listed on: 01/28/2016

Last Buyer's Agent

German Llanos

24 Hour Real Estate LLC License #471001789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,259

Year Built

  • Built in 1902

Lot Details

  • Lot Dimensions are 25x125

Home Design

  • Greystone Architecture
  • Brick or Stone Mason

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Patio
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • Net Operating Income $20,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,259

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Year Built: 1902
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 8
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • List Price: 255000
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Other
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 8460

Schools

  • Middle/Junior School District: 299

Lot Info

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

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 20676
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3258.79
  • Tax Year: 2014
  • Tax Exemptions: None

Range of Values:

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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
06/29/2016 06/29/16 Sold $255,100 0.0% --
04/28/2016 04/28/16 Price Changed $255,000 0.0% --
04/15/2016 04/15/16 Pending -- -- --
04/10/2016 04/10/16 Off Market $255,100 -- --
03/23/2016 03/23/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $245,000 0.0% --
02/09/2016 02/09/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $245,000 -- --
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: 09125629

Midwest Real Estate Data (MRED)