NOT LISTED FOR SALE
10 Beds
5 Baths
-- Sq Ft
1935 Built

Sale Details

Date Sold: July 20, 2016

Last sale price $399,900 $0 Per Sq Ft

10 Days on Market

About This Home

As of July 2016

All-brick, 5-unit multi-family building offers positive cash-flow! This price point offers investors a rare opportunity to create significant value, while collecting plenty of rent to pay expenses. Located about a mile from Northwestern's campus, in an exciting area with live-work lofts, start-ups, light-industrial spaces, fitness training centers & residential housing. Originally built in 1935, a large addition was constructed later, likely in the 1950s. The interior units would benefit from modernization and some of the mechanicals could be upgraded, whenever necessary. The roofs are about 5-6 and 7-8 years old. Most of the kitchens & bathrooms are original. Units 1R & 2R have two bedrooms each, large living/dining room combo, separate eating area, and hardwood floors. Units 1F & 2F have two bedrooms each, L-shaped living room, and a separate den off the kitchen. The garden unit also has two bedrooms and a large eat-in kitchen. Multiple photos of each unit are available upon request.

Last Agent to Sell the Property

Bob Parris

Manchester Realty License #471015086 Listed on: 04/11/2016

Last Buyer's Agent

Bob Parris

Manchester Realty License #471015086 Listed on: 04/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 1935

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Additional Features

  • Partially Finished Basement

Community Details

  • Fuel Expense $1,953
  • Insurance Expense $2,488

Listing and Financial Details

  • Tenant pays for air conditioning, electric
  • $20,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1935

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Sewer-Storm Available, Water-Community
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 39560
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 515
  • Scavenger Expense: 816
  • Total Annual Exp: 18640
  • Total Annual Income: 58200
  • Total Monthly Income: 4850
  • Leased Washer Dryer: Yes
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1935
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Basement: Partially Finished

Exterior Features

  • Exterior Building Type: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Central Bldg Heat, Gas, Baseboard
  • Water Expense: 4375

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 1260
  • Electrical Service: Circuit Breakers, Separate Meters
  • Janitor Expense: 401

Lot Info

  • Lot Dimensions: 34 X 134
  • Lot Sq Ft: 9246
  • Land Amenities: Sidewalks, Cable Ready
  • Parcel Identification Number: 10124200240000

Rental Info

  • Gross Rental Income: 58200
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Fuel Expense: 1953
  • Insurance Expense: 2488
  • Other Expenses: 720
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6170.28
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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
07/20/2016 07/20/16 Sold $399,900 0.0% --
04/21/2016 04/21/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $399,900 -- --
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 $11,638 $72,000 $8,258 $63,742
2024 $11,638 $48,074 $6,834 $41,240
2023 $11,167 $48,074 $6,834 $41,240
2022 $11,167 $48,074 $6,834 $41,240
2021 $7,457 $28,101 $6,264 $21,837
2020 $5,886 $28,101 $6,264 $21,837
2019 $7,322 $32,487 $6,264 $26,223
2018 $8,624 $31,477 $5,125 $26,352
2017 $8,399 $31,477 $5,125 $26,352
2016 $7,966 $31,477 $5,125 $26,352
2015 $6,170 $23,012 $4,413 $18,599
2014 $6,112 $23,012 $4,413 $18,599
2013 $7,952 $30,646 $4,413 $26,233
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09192066

Midwest Real Estate Data (MRED)
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