NOT LISTED FOR SALE

Estimated Value: $317,822 - $350,000

8 Beds
8 Baths
4,216 Sq Ft
$79/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $232,500 $55 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,500/month

4 Days on Market

About This Home

As of October 2020

Gross Monthly Rent of $3,450. Gross Annual Rent of $41,400. GRM of 5.8 at purchase price of $240,000. Specifically, the rents are $900 for Unites 1a, 2a, and 2b, all of which are updated; unit 1b has rent of $750 and has a very long-term tenant and has not been substantially updated. Major improvements in the last several years include multiple water heaters and furnaces, and the additional of a dumpster screen with concrete-filled steel posts, Tenants pay their own gas/electric, landlord pays water/garbage/snow removal, tenants provide their own washer/dryer, each unit is hooked up in-unit

Last Listed By

Joe Gozun

Midwest America Realty, Inc. License #471009809 Listed on: 10/05/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,799

Year Built

  • Built in 1994

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 50x150

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,799

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1994
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 5

Exterior Features

  • List Price: 240000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 12
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 187

Lot Info

  • Lot Size Acres: 0.41
  • Lot Dimensions: 50X150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 5799.26
  • Tax Year: 2019

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Oct 30, 2020
Sold by
Wolkowitz David
Bought by
Little Bear Investments Llc
Seller's Agent
Joe Gozun
Midwest America Realty, Inc.
Buyer's Agent
Joseph Ryan
Joseph D Ryan
List Price
$240,000
Sold Price
$232,500
Premium/Discount to List
-$7,500
-3.12%
Total Days on Market
4
Current Estimated Value
$333,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,411
Avg. Annual Appreciation
8.21%

Purchase Details

Listed on
Aug 30, 2013
Closed on
Dec 22, 2014
Sold by
Bmo Harris Bank Na
Bought by
Wolkowitz David
Seller's Agent
Edward Reagan
Safe Harbor Realty LLC
Buyer's Agent
Joe Gozun
Midwest America Realty, Inc.
List Price
$199,999
Sold Price
$135,000
Premium/Discount to List
-$64,999
-32.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$101,250
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 2013
Sold by
Coogan E E and Ruffalo Ellen E
Bought by
Bmo Harris Bank Na

Purchase Details

Closed on
Feb 7, 1996
Sold by
Coogan Ellen E and Ruffalo Ellen E
Bought by
Ruffalo Daniel J and Ruffalo Ellen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.05%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Little Bear Investments Llc $229,500 Greater Illinois Title Co
Wolkowitz David $135,000 Greater Illinois Title Co
Bmo Harris Bank Na -- None Available
Ruffalo Daniel J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Little Bear Investments Llc $170,000
Previous Owner Wolkowitz David $101,250
Previous Owner Ruffalo Daniel J $500,000
Previous Owner Ruffalo Daniel J $100,000
Previous Owner Ruffalo Daniel J $35,000
Previous Owner Ruffalo Daniel J $164,118
Previous Owner Ruffalo Daniel J $170,000
Previous Owner Ruffalo Daniel J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $232,500 0.0% $55 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/09/2020 10/09/20 Off Market $232,500 -- --
10/05/2020 10/05/20 For Sale $240,000 +77.8% $57 / Sq Ft
12/29/2014 12/29/14 Sold $135,000 +25.0% $32 / Sq Ft
10/10/2014 10/10/14 Pending -- -- --
09/24/2014 09/24/14 Price Changed $108,000 -46.0% $26 / Sq Ft
09/02/2014 09/02/14 For Sale $199,999 +48.1% $47 / Sq Ft
08/19/2014 08/19/14 Off Market $135,000 -- --
07/18/2014 07/18/14 Price Changed $199,999 -7.0% $47 / Sq Ft
05/29/2014 05/29/14 Price Changed $215,000 -4.4% $51 / Sq Ft
02/25/2014 02/25/14 Price Changed $225,000 -4.3% $53 / Sq Ft
02/24/2014 02/24/14 For Sale $235,000 +74.1% $56 / Sq Ft
12/31/2013 12/31/13 Off Market $135,000 -- --
10/02/2013 10/02/13 Price Changed $235,000 -6.0% $56 / Sq Ft
08/29/2013 08/29/13 For Sale $250,000 -- $59 / Sq Ft
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 $7,569 $61,379 $18,314 $43,065
2023 $5,995 $56,581 $16,882 $39,699
2022 $5,995 $43,127 $12,868 $30,259
2021 $5,746 $42,755 $12,757 $29,998
2020 $5,799 $42,992 $12,828 $30,164
2019 $5,799 $42,203 $12,593 $29,610
2018 $6,818 $40,745 $12,158 $28,587
2017 $6,814 $40,064 $11,955 $28,109
2016 $6,577 $38,134 $11,379 $26,755
2015 $6,454 $35,908 $10,715 $25,193
2014 $5,376 $35,908 $10,688 $25,220
2012 $4,798 $36,220 $10,781 $25,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10891968

Midwest Real Estate Data (MRED)

APN: 12-05-401-054