NOT LISTED FOR SALE
14 Beds
8 Baths
-- Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: February 1, 2022

Last sale price $616,000

96 Days on Market

Highlights

  • 7 Fireplaces
  • Central Air
  • 5-minute walk to Calvin Spencer Park
  • Courtyard
  • Heating Available

About This Home

As of February 2022

RETIRING OWNERS HAVE OWNED FOR MANY YEARS. ALL UNITS HAVE FIREPLACES, 2BD, 2BATH, LL FR, EAT IN KITCHENS, TENANTS PAY ELECTRIC, WATER NOT SEPERATED OUT YET SO BUILDING PAYS. XLNT OPERTUNITY FOR SAVVY OR NEW INVESTOR. ALL UNITS RENTS BELOW MARKET AND ROOM FOR INCREASES, OR READY TO TURN CONDO GREAT BUILDING AND LOCATION, ALSO AVAILABLE WITH 3UNIT NEXT DOOR OFFERED AT $276000 AGENTS/ BROKERS AND ALL PROSPECTS INSTRUCTED NOT TO DISTURB ANY TENANTS BE PROFESSIONAL.. OFFER VERBALLY ACCEPTED/ PAPERWORK PENDING. MAKE OFFER ON 3 UNIT

Last Agent to Sell the Property

Nicholas Tabick

RE/MAX Suburban License #475138167 Listed on: 07/03/2021

RE/MAX Suburban

Last Buyer's Agent

Darlene Barnas

Re/Max Advantage License #471004428

Re/Max Advantage
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,500

Year Built

  • Built in 1975

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Dimensions are 132x131

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • 7 Fireplaces

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $1,000
  • Water Sewer Expense $500
  • Operating Expense $14,500
  • Gross Income $79,800
  • Net Operating Income $64,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,500

Year Built

Built in 1975

Lot Details

0.39 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required,Other-See Remarks,No Sign on Property,Highly Confidential
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 14
  • Fireplaces: 7
  • Possible Use: Condominium, Development, Multi-Family, Single Family
  • Fireplaces: 7
  • Refrigerators: 7
  • Number of Washers: 7
  • Room: 6

Exterior Features

  • Construction Materials: Brick, Block, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road, Paved
  • Roof: Composition, Fiberglass
  • Exterior Building Type: Brick,Frame,Block
  • Roof Structure: Hip,Truss
  • Misc Outside: Courtyard,Security Lighting,Storms and Screens (as exist),Other

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Air
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 132X131
  • Lot Size Sq Ft: 16988
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 64000
  • Insurance Expense: 1000
  • GrossIncome: 79800
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 14500
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 14500
  • Tax Year: 2020

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
Jul 3, 2021
Closed on
Jan 24, 2022
Sold by
Sharon L Carr Self-Declaration Of Trust
Bought by
Seller's Agent
Nicholas Tabick
RE/MAX Suburban
Buyer's Agent
Darlene Barnas
Re/Max Advantage
Sold Price
$616,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Outstanding Balance
$89,540
Interest Rate
3.99%
Mortgage Type
New Conventional
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
$880,000 Law Office Of James R Nelson &
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 $704,000
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
02/01/2022 02/01/22 Sold $616,000 -4.3% --
10/08/2021 10/08/21 Pending -- -- --
10/08/2021 10/08/21 For Sale -- -- --
09/14/2021 09/14/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $644,000 -- --
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
2024 $16,609 $218,876 $26,772 $192,104
2023 $16,317 $192,944 $23,600 $169,344
2022 $15,652 $174,484 $21,342 $153,142
2021 $14,650 $158,983 $19,446 $139,537
2020 $14,449 $151,297 $18,506 $132,791
2019 $15,341 $143,356 $17,535 $125,821
2018 $14,310 $134,279 $16,425 $117,854
2017 $13,911 $127,194 $15,558 $111,636
2016 $13,533 $118,839 $14,536 $104,303
2013 -- $116,271 $14,222 $102,049
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116190

Midwest Real Estate Data (MRED)
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