NOT LISTED FOR SALE
5 Beds
3 Baths
1,662 Sq Ft
4,356 Sq Ft Lot

Last Sold May 03, 2024

Last sale price $635,000 $382 Per Sq Ft

3 Days on Market

About This Home

As of May 2024

Lincoln Square area. Very impressive multi unit building with ton's of future potential. Currently there are two units with 2 bedrooms and 1 bath in each unit. In the lower level there is ingress and egress. The owner currently uses it. Each unit has its own electric and gas meters. The water/garbage/and common area water and gas are paid for by the owner. There is a two car garage and a very large yard. Upstairs can be converted into a studio apartment if you can create an egress. I have been told by the owner that the rents are understated for the area.

Last Agent to Sell the Property

Jay Reid

HomeSmart Connect LLC License #471006747 Listed on: 04/01/2024

HomeSmart Connect LLC

Last Buyer's Agent

Ledio Samarxhiu

Real Broker LLC License #471021671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,610

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 28x160

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $870
  • Fuel Expense $924
  • Insurance Expense $2,138
  • Water Sewer Expense $1,486
  • Gross Income $29,771
  • Net Operating Income $29,771

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,610

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 619900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1486

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 28X160
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 29771
  • Fuel Expense: 924
  • Insurance Expense: 2138
  • ElectricExpense: 870
  • GrossIncome: 29771
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 9609.81
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

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 Change Sq Ft Price
05/03/2024 05/03/24 Sold $635,000 +2.4% $382 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $619,900 -- $373 / Sq Ft
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: 12010893

Midwest Real Estate Data (MRED)

APN: 13124190560000