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

Sale Details

Date Sold: January 8, 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

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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

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
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Jan 8, 2024
Sold by
Agent Capital Partners Llc
Bought by
Seller's Agent
Joseph Giannini
Agent Realty Partners
Buyer's Agent
Adam Zagata
Real Broker LLC
List Price
$419,000
Sold Price
$465,000
Premium/Discount to List
$46,000
10.98%
Views
111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Outstanding Balance
$431,210
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2020
Sold by
Agent Equity Partners Llc
Bought by
Agent Capital Partners Llc

Purchase Details

Closed on
Dec 12, 2017
Sold by
Jones Charles W and Jones Charles Wessley
Bought by
Agent Equity Partners Llc

Purchase Details

Closed on
Nov 23, 2004
Sold by
Lampley Louis E and Lampley Annie T
Bought by
Jones Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$465,000 None Listed On Document
Agent Capital Partners Llc -- Greater Illinois Title
Agent Equity Partners Llc $178,000 Accommodation
Jones Charles W $260,000 Pntn
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $441,750
Closed Jones Charles W $208,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,453 $38,000 $3,145 $34,855
2024 $10,453 $38,000 $3,145 $34,855
2023 $8,497 $38,000 $3,145 $34,855
2022 $8,497 $25,542 $2,490 $23,052
2021 $8,187 $25,541 $2,489 $23,052
2020 $7,978 $25,541 $2,489 $23,052
2019 $8,311 $24,115 $2,227 $21,888
2018 $8,047 $24,115 $2,227 $21,888
2017 $6,828 $24,115 $2,227 $21,888
2016 $6,566 $21,362 $1,965 $19,397
2015 $6,440 $21,362 $1,965 $19,397
2014 $6,279 $21,362 $1,965 $19,397
2013 $6,184 $22,690 $1,965 $20,725
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11926809

Midwest Real Estate Data (MRED)
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