NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1960 Built

Last Sold January 08, 2024

Last sale price $465,000

32 Days on Market

About This Home

As of January 2024

MULTIPLE MULTIPLE OFFERS RECEIVED! THANK YOU TO ALL OF THE BROKERS WHO SUBMITTED AND FOR YOUR PATIENCE DURING OFFER REVIEWS. Seller is calling for highest and best Friday 12/07 @ 12:00pm. Calling all investors and house hackers! Here is an easy to manage brick 4 unit building in the desirable Broadview rental market. This is a great corner building. Property conists of three 2bd/1ba units and one 1bd/1ba with 4 parking spaces. Plenty of room to increase rents. The Garden East 1bd/1ba was just leased for $1,135/month! Professionaly managed building. Over $49,000 in gross rental income! Hot water baseboard heat. Coin operated laundry. Two units will be seen for the first showing, remainder of the units will be seen upon accepted offer.

Last Agent to Sell the Property

Joseph Giannini

Agent Realty Partners License #475191091 Listed on: 11/08/2023

Last Buyer's Agent

Adam Zagata

Real Broker LLC License #475164308

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,497

Year Built

  • Built in 1960

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $297
  • Fuel Expense $5,410
  • Insurance Expense $2,304
  • Water Sewer Expense $4,780
  • Gross Income $49,812
  • Net Operating Income $27,030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,497

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 61-70 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: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 469000
  • Lot Features: None
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Water Sewer Expenses: 4780

Schools

  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 5,241 SQ/FT
  • 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: 27030
  • Fuel Expense: 5410
  • Insurance Expense: 2304
  • ElectricExpense: 297
  • GrossIncome: 49812
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8497
  • Tax Year: 2022

Range of Values:

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Sold Price
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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
01/08/2024 01/08/24 Sold $465,000 -0.9% --
12/12/2023 12/12/23 Price Changed $469,000 +11.9% --
12/11/2023 12/11/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $419,000 -9.9% --
11/17/2023 11/17/23 Off Market $465,000 -- --
11/08/2023 11/08/23 For Sale $419,000 -- --
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: 11926809

Midwest Real Estate Data (MRED)