NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: September 30, 2024

Last sale price $1,155,000

45 Days on Market

Highlights

  • Traditional Architecture
  • Screened Porch
  • Forced Air Heating System

About This Home

As of September 2024

ALL BRICK, LEGAL 4 UNIT, 2 BUILDING PROPERTY ON WEBSTER AVE IN BUCKTOWN. 105K IN ANNUAL RENTS (GRM 11.2), 80,572 NOI (6.83 CAP RATE). NEXT LEASE RENEWAL 5/1/2025. THE BUILDING IS COMPRISED OF TWO - 2 BEDROOM/1 BATH UNITS IN THE FRONT BUILDING, ONE 1 BED + DEN AND 2 BEDROOM + DEN / 2 BATH DUPLEX UP UNIT IN THE REAR BUILDING. NEW ROOF (2024), NEW ELECTRICAL SERVICE (2024), TUCKPOINTING (2024). UNITS 1R/2R REHABBED IN 2018/2019 (BOTH WITH IN UNIT LAUNDRY). FRONT BUILDING BASEMENT HAS DEDICATED TENANT STORAGE AND COIN LAUNDRY. ALL UNITS WITH GAS FORCED/CENTRAL AIR. VALUE ADD IN DUPLEXING UNIT 2F UP INTO ATTIC. B3-2 ZONING. DON'T MISS THIS ONE!

Last Agent to Sell the Property

Scott Broene

Compass License #471018840 Listed on: 08/05/2024

Compass

Last Buyer's Agent

Maria Georges

Coldwell Banker Realty License #475198982

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,629

Year Renovated

  • 2015

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Partial Basement
  • Basement Cellar

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Screened Porch
  • Lot Dimensions are 24 x 109

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $468
  • Fuel Expense $421
  • Insurance Expense $3,282
  • Water Sewer Expense $1,128
  • Gross Income $105,000
  • Net Operating Income $80,572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,629

Year Renovated

2015

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Cellar
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Porch Screened
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Fee Information

  • Water Sewer Expenses: 1128
  • Trash Expense Year: 0

Lot Info

  • Lot Dimensions: 24 X 109
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 80572
  • Fuel Expense: 421
  • Insurance Expense: 3282
  • ElectricExpense: 468
  • GrossIncome: 105000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 20629
  • Tax Year: 2023
  • 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

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
09/30/2024 09/30/24 Sold $1,155,000 -2.1% --
09/19/2024 09/19/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $1,179,900 -- --
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 $21,164 $95,815 $22,759 $73,056
2024 $21,164 $95,815 $22,759 $73,056
2023 $20,629 $99,953 $18,312 $81,641
2022 $20,629 $99,953 $18,312 $81,641
2021 $20,165 $99,952 $18,312 $81,640
2020 $13,697 $61,262 $11,902 $49,360
2019 $13,726 $68,070 $11,902 $56,168
2018 $13,446 $68,070 $11,902 $56,168
2017 $12,925 $60,042 $10,464 $49,578
2016 $12,026 $60,042 $10,464 $49,578
2015 $11,002 $60,042 $10,464 $49,578
2014 $10,597 $57,116 $9,156 $47,960
2013 -- $57,116 $9,156 $47,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12130572

Midwest Real Estate Data (MRED)
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