NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1924 Built

Last Sold August 25, 2022

Last sale price $335,000

35 Days on Market

About This Home

As of August 2022

Turnkey 6 Unit ready to rent and generate income. Property consists of 4 x 1Bed Apts and 2 x 2Bed apts. All utilities on tenant. Each apt has their own furnace and water heater. Landlord only pays common area electric and water. Many recent updates. New electric service, New Water Heaters. New back porch and stairs. New Gutters. Newer windows. Units are clean and updated. Ready to rent. Corner property in quiet residential area mostly surrounded by Single Family Homes. Newly built 3-car garage for additional income. Close to I94 and good bus service on Western. Up to $5500 monthly rental income possible.

Last Agent to Sell the Property

Ronan McBrien

Second City Real Estate License #475180667 Listed on: 03/31/2022

Last Buyer's Agent

Aji Ojo

Coldwell Banker Realty License #475191870

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,247

Year Built

  • Built in 1924

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • 2-Story Property
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $5,000
  • Maintenance Expense $1,000
  • Trash Expense $936
  • Water Sewer Expense $2,500
  • Operating Expense $10,112
  • Gross Income $63,600
  • Net Operating Income $53,488

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,247

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 379000
  • Roof Structure: Flat

Utilities

  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air,Gas,Individual Furnaces

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 936
  • Water Sewer Expenses: 2500
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 0.083

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 2

Multi Family

  • Net Operating Income: 53488
  • Insurance Expense: 5000
  • ElectricExpense: 1200
  • GrossIncome: 63600
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 10112
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6247
  • Tax Year: 2020

Range of Values:

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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
08/25/2022 08/25/22 Sold $335,000 0.0% --
07/31/2022 07/31/22 Off Market $335,000 -- --
05/10/2022 05/10/22 For Sale $379,000 0.0% --
05/06/2022 05/06/22 Pending -- -- --
04/11/2022 04/11/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $379,000 -- --
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: 11361481

Midwest Real Estate Data (MRED)

APN: 20191250350000