NOT LISTED FOR SALE

Estimated Value: $99,000 - $101,514

2 Beds
1 Bath
952 Sq Ft
$105/Sq Ft Est. Value

Highlights

  • Deck
  • Galley Kitchen
  • 2-minute walk to Hasan Park
  • Wood Flooring
  • Combination Dining and Living Room

About This Home

As of July 2016

For your consideration, this two bedroom one bath condo is a great armchair investment. Close the lake and Metra. Currently rented for $1442 a month with planned 3% increases the same tenant has been renting this for almost 10 years. ROI is approximately 10% of list price calculating for taxes and assessments. Current tenant is an organization and is expected to continue renting for the foreseeable future. The building was rehabbed in 2007, think granite countertops and medium stained Euro cabinets with hardwood floors. Reserves are approximately $120,000 and operating account approximately $43,000. No specials or capital improvements planned at this time. If you're looking to park your money and receive a excellent return on your money, this checks all the boxes.

Last Agent to Rent the Property

Zeke Morris

Exit Strategy Realty / EMA Management License #471008645 Listed on: 04/30/2016

Last Renter's Agent

Mark Latuszek

Weichert Realtors Ambassador License #475132648

Weichert Realtors Ambassador

Property Details

Home Type

  • Other

Year Built

  • 1920

Lot Details

  • 0.5

HOA Fees

  • $377 per month

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Combination Dining and Living Room
  • Wood Flooring
  • Galley Kitchen
  • Washer and Dryer Hookup

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Lake Michigan Water

Property Details

Home Type

Other

Year Built

1920

Lot Details

0.5 Acres

HOA Fees

$377 per month

Rental Info

  • Available: 05/02/2016
  • Lease Terms: 1 Year Lease
  • Monthly Lot Rental Included: Heat, Water

Listing Details

  • Property Type: Residential Rental
  • Built Before 1978 (Y/N): Yes
  • Type Attached: Condo
  • Unit Floor Level: 3
  • Age: 91-100 Years
  • Special Features: None
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Appliances: Oven/Range, Microwave, Dishwasher, Washer, Dryer
  • Interior Property Features: Hardwood Floors, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Bedrooms All Levels: 2
  • Master Bedroom Level: Main Level
  • Master Bedroom Size: 12X17
  • Master Bedroom Flooring: Hardwood
  • Second Bedroom Level: Main Level
  • Second Bedroom Size: 11X13
  • Second Bedroom Flooring: Hardwood
  • Living Room Level: Main Level
  • Living Room Size: 12X12
  • Living Room Flooring: Hardwood
  • Dining Room: Combined w/ LivRm
  • Dining Room Level: Main Level
  • Dining Room Size: COMBO
  • Kitchen Type: Galley
  • Kitchen Level: Main Level
  • Kitchen Size: 13X11
  • Additional Rooms: No additional rooms

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Deck

Utilities

  • Water: Lake Michigan
  • Sewer: Sewer-Storm
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Pet Information: No Pets

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Total Number Unitsin Building: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Mcr Holdings Llc
Bought by
Anchor Property Group Llc
Current Estimated Value
$100,379

Purchase Details

Closed on
Jul 30, 2014
Sold by
Nunn Emanuel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 29, 2007
Sold by
6850-58 S Oglesby Llc
Bought by
Nunn Emanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,856
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anchor Property Group Llc -- Mills Antonia L
Federal Home Loan Mortgage Corporation -- None Available
Nunn Emanuel $167,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nunn Emanuel $159,856
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2026 01/05/26 For Sale $100,000 0.0% $105 / Sq Ft
07/01/2016 07/01/16 Rented $1,150 0.0% --
04/30/2016 04/30/16 For Rent $1,150 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $1,694 $10,862 $948 $9,914
2024 $1,694 $10,862 $948 $9,914
2023 $1,645 $8,000 $764 $7,236
2022 $1,645 $8,000 $764 $7,236
2021 $1,609 $7,999 $764 $7,235
2020 $1,529 $6,863 $764 $6,099
2019 $1,519 $7,562 $764 $6,798
2018 $1,867 $9,453 $764 $8,689
2017 $1,448 $6,727 $672 $6,055
2016 $1,347 $6,727 $672 $6,055
2015 $1,233 $6,727 $672 $6,055
2014 $1,335 $9,763 $550 $9,213
2013 $1,297 $9,763 $550 $9,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09211307

Midwest Real Estate Data (MRED)

APN: 20-24-412-034-1006

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