$620,000

Estimated payment $3,835/month

Total Views 1,028
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Forced Air Heating System
  • 5-minute walk to Cragin Park
  • Patio
  • Fenced

About This Home

Incredible investment opportunity on this super well maintained 4 unit residential & commercial building. With both bottom units offering a half bathroom each, freshly paint job and new floors just waiting for your ideas. Lease each independently or combined both for more space. The opportunity is there. Moving to the upstairs units, these units were updated in 2017-2018 giving it a well stylish condo look with each offering 2 bedrooms, kitchen, living room, 1 bathroom and central heating. Coin laundry is available in the building, gated common backyard space ready for your ideas and a 2 car garage. You won't be disappointed on how well this building shows.

Listing Agent

Isrrael Morales

606 Brokers LLC License #475166400 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,486

Year Built

  • Built in 1970 | Remodeled in 2017

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Fenced

Parking

  • 2 Car Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Gas Water Heater

Community Details

Overview

  • 4 Units
  • Belmont Central Subdivision

Building Details

  • Electric Expense $100
  • Fuel Expense $80
  • Water Sewer Expense $147
  • Net Operating Income $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,486

Year Built

Built in 1970 | Remodeled in 2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Belmont Central
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: Water Heater-Gas
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • Room: 4

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Fencing: Fenced
  • List Price: 620000
  • Patio And Porch Features: Patio
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 147

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 1400
  • Fuel Expense: 80
  • ElectricExpense: 100
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5486
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,486 $41,000 $5,781 $35,219
2023 $5,348 $26,001 $4,688 $21,313
2022 $5,348 $26,001 $4,688 $21,313
2021 $5,229 $26,002 $4,690 $21,312
2020 $4,646 $20,855 $3,906 $16,949
2019 $4,872 $24,250 $3,906 $20,344
2018 $4,790 $24,250 $3,906 $20,344
2017 $6,499 $30,188 $3,437 $26,751
2016 $5,083 $30,188 $3,437 $26,751
2015 $5,051 $30,188 $3,437 $26,751
2014 $5,318 $31,229 $3,125 $28,104
2013 $5,202 $31,229 $3,125 $28,104
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $620,000 +42.5% --
12/01/2020 12/01/20 Sold $435,000 -5.4% $147 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
07/30/2020 07/30/20 Price Changed $460,000 -3.2% $156 / Sq Ft
06/12/2020 06/12/20 For Sale $475,000 -- $161 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $435,000 Chicago Title
Deed $236,000 Chicago Title
Warranty Deed $430,000 Atgf Inc
Warranty Deed $209,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $419,775 FHA
Previous Owner $50,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $281,000 Small Business Administration
Previous Owner $160,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $1,160,000 Commercial
Previous Owner $113,400 Commercial
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12443508

Midwest Real Estate Data (MRED)

APN: 13-28-424-006-0000