NOT LISTED FOR SALE
8 Beds
3 Baths
2,652 Sq Ft
0.25 Acres

Last Sold October 25, 2023

Last sale price $990,000 $373 Per Sq Ft

156 Days on Market

Highlights

  • 0.25 Acre Lot
  • 2 Car Detached Garage
  • Senior Tax Exemptions
  • Fenced Yard
  • Porch
  • 2-minute walk to Superior Park

About This Home

As of October 2023

LOCATION, LOCATION, LOCATION!!! EXCEPTIONAL OPPORTUNITY TO OWN THIS 3-UNIT, FULLY RENTED, BRICK BUILDING LOCATED IN THE HEART OF A UKRAINIAN VILLAGE.THIS PROPERTY HAS NEWLY RENOVATED WITH IN UNIT LAUNDRY. FIRST FLOOR IS A 2/1, SECOND AND THIRD FLOOR ARE 3/1. EACH UNIT HAS A BALCONY. THE BACKYARD IS FULLY FENCED AND COMES WITH A PRIVATE GRILL AREA AND THE SPACE FOR TABLES AND CHAIRS. 2 CAR GARAGE, EASY STREET PARKING AND CONVENIENT ACCESS TO DINING, NIGHTLIFE, SHOPPING, CTA, AND MUCH MORE. THIS TERRIFIC OPPORTUNITY WILL NOT LAST.

Last Agent to Sell the Property

Charles Kipp

Crest Real Estate Group License #471022712 Listed on: 04/10/2023

Crest Real Estate Group

Last Buyer's Agent

Andrew Dorazio

Dorazio Real Estate LLC License #471022724

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $145

Year Built

  • Built in 1890 | Remodeled in 2022

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 24 x 121
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Porch

Schools

  • Wells Community Academy Senior H High School

Utilities

  • No Heating
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • 3 Units
  • Cochrans Subdivision

Building Details

  • Electric Expense $522
  • Insurance Expense $3,104
  • Maintenance Expense $600
  • Professional Management Expense $300
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Gross Income $92,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$145

Year Built

Built in 1890 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 300
  • Subdivision Name: Cochrans
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 1029900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 1200
  • Other Expenses $: 1000

Schools

  • High School: Wells Community Academy Senior H
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 24 X 121
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Insurance Expense: 3104
  • ElectricExpense: 522
  • GrossIncome: 92400
  • Maintenance Expense: 600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 144.92
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

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 List to Sale Price per Sq Ft Prior Sale
10/25/2023 10/25/23 Sold $990,000 -3.9% $373 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $1,029,900 +4.0% $388 / Sq Ft
09/06/2023 09/06/23 Off Market $990,000 -- --
08/21/2023 08/21/23 Price Changed $1,029,900 -1.9% $388 / Sq Ft
05/18/2023 05/18/23 Price Changed $1,050,000 -2.3% $396 / Sq Ft
05/18/2023 05/18/23 Price Changed $1,075,000 -2.3% $405 / Sq Ft
04/10/2023 04/10/23 For Sale $1,099,999 +103.7% $415 / Sq Ft
11/05/2021 11/05/21 Sold $540,000 +13.7% $204 / Sq Ft View Prior Sale
05/04/2021 05/04/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $475,000 -- $179 / Sq Ft
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: 11755068

Midwest Real Estate Data (MRED)

APN: 17071120170000