NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold February 05, 2021

Last sale price $468,000

19 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near park
  • Multiple Water Heaters
  • Elmer H Franzen Intermediate School Rated A
  • Tennis Courts
  • Paved or Partially Paved Lot

About This Home

As of February 2021

Finally, an opportunity to buy an investment in the sought after Nordic Park subdivision. Award-winning schools and a superb location with SUPER LOW TAXES! A solid all brick building built with concrete - NOT wood-framed! It gets even better - the property comes with 9 parking spots. Yes, 3 parking spots per apartment. Very low taxes since it is unincorporated, but still has city water and sewer! The best of both worlds. Nothing to do, you can just move in and rent out 2 units or rent out all 3 and start collecting. Call your agent before it's too late!

Last Agent to Sell the Property

Ivaylo Ivanov

Ivaylo Ivanov License #471020026 Listed on: 12/04/2020

Last Buyer's Agent

Rosa Bueno

United Real Estate - Chicago License #475133310

United Real Estate - Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,614

Year Built

  • Built in 1983 | Remodeled in 2015

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 168x66.2
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 9 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Location

  • Property is near park

Schools

  • Raymond Benson Primary Elementary School
  • F E Peacock Middle School
  • Lake Park High School

Utilities

  • Heating Available
  • Lake Michigan Water
  • Multiple Water Heaters

Community Details

Overview

  • 3 Units
  • Nordic Park Subdivision

Recreation

  • Tennis Courts

Building Details

  • Gross Income $37,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,614

Year Built

Built in 1983 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Subdivision Name: Nordic Park
  • Year Built: 1983
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Multiple Water Heaters
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Range Hood

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 9
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Curbs, Street Lights, Street Paved

Schools

  • Elementary School: Raymond Benson Primary School
  • High School: Lake Park High School
  • Middle/Junior School: F E Peacock Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 168X66.2
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 37560
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5613.98
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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Sold Price
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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
02/05/2021 02/05/21 Sold $468,000 -6.4% --
12/31/2020 12/31/20 For Sale $499,900 +6.8% --
12/30/2020 12/30/20 Off Market $468,000 -- --
12/23/2020 12/23/20 Pending -- -- --
12/22/2020 12/22/20 For Sale $499,900 0.0% --
12/09/2020 12/09/20 For Sale $499,900 +6.8% --
12/08/2020 12/08/20 Pending -- -- --
12/07/2020 12/07/20 Off Market $468,000 -- --
12/04/2020 12/04/20 For Sale $499,900 +52.9% --
12/10/2012 12/10/12 Sold $327,000 -9.1% -- View Prior Sale
10/30/2012 10/30/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $359,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $10,059 $170,193 $27,316 $142,877
2023 $9,651 $155,640 $24,980 $130,660
2022 $6,207 $100,640 $22,430 $78,210
2021 $5,919 $95,620 $21,310 $74,310
2020 $5,743 $93,290 $20,790 $72,500
2019 $5,614 $89,650 $19,980 $69,670
2018 $8,087 $128,060 $30,950 $97,110
2017 $7,588 $118,700 $28,690 $90,010
2016 $7,425 $109,850 $26,550 $83,300
2015 $7,330 $102,510 $24,780 $77,730
2014 $7,673 $102,510 $24,780 $77,730
2013 $7,571 $106,020 $25,630 $80,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10947506

Midwest Real Estate Data (MRED)