NOT LISTED FOR SALE
4 Beds
2 Baths
2,628 Sq Ft
-- Built

Sale Details

Date Sold: April 12, 2022

Last sale price $703,751 $268 Per Sq Ft

5 Days on Market

Highlights

  • Gated Community
  • Lower Floor Utility Room
  • European Shower
  • Screened Porch
  • 2 Car Detached Garage
  • Two Heating Systems

About This Home

As of April 2022

Incredible investment opportunity in the Avondale neighborhood with a 7% cap rate. This charming 2 unit building with non-conforming garden unit is the perfect low-maintenance property having recently undergone extensive renovations. Each unit features 2 bedrooms, 1 bath with updated white kitchens, stainless steel appliances and granite countertops. Second floor unit has private washer / dryer while unit 1 and garden share laundry in the pristine lower level common area. Enclosed lot with fresh landscaping, beautiful backyard and 2 car detached garage. Steps away from public transportation, restaurants and shopping. You don't want to miss this!

Last Agent to Sell the Property

Ivan Madera

Jameson Sotheby's Intl Realty License #475173530 Listed on: 03/08/2022

Jameson Sotheby's Intl Realty

Co-Listed By

Stephanie Juckem

Jameson Sotheby's Intl Realty License #475183169

Last Buyer's Agent

Zachary Koran

Baird & Warner License #475158918

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,997

Year Renovated

  • 2019

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Screened Porch
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms
  • European Shower
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Tideland Water Rights
  • Breezeway

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Utilities

  • Two Heating Systems
  • Radiator
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • Avondale Estates Subdivision, 3 Story Building Floorplan

Building Details

  • Electric Expense $4,428
  • Insurance Expense $1,656
  • Water Sewer Expense $1,128
  • Gross Income $65,364
  • Net Operating Income $48,732

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,997

Year Renovated

2019

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Avondale Estates
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch, Screened Porch, Utility Room-Lower Level
  • Basement Description: Finished,Exterior Access
  • Bathroom Amenities: Separate Shower,European Shower
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Storms/Screens, Breezeway
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s), Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Water Rights, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1128
  • Other Expenses $: 2424

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 48732
  • Insurance Expense: 1656
  • ElectricExpense: 4428
  • GrossIncome: 65364
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6997.46
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 10, 2022
Sold by
Bought by
Seller's Agent
Ivan Madera
Jameson Sotheby's Intl Realty
Buyer's Agent
Zachary Koran
Baird & Warner
List Price
$685,000
Sold Price
$703,751
Premium/Discount to List
$18,751
2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,188
Interest Rate
0.0488%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2022 04/12/22 Sold $703,751 +2.7% $268 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $685,000 +19.1% $261 / Sq Ft
12/27/2019 12/27/19 Sold $575,000 -5.4% $219 / Sq Ft View Prior Sale
11/18/2019 11/18/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $607,800 0.0% $231 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $607,800 -1.9% $231 / Sq Ft
10/23/2019 10/23/19 For Sale $619,700 -- $236 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,925 $54,001 $13,703 $40,298
2024 $9,925 $54,001 $13,703 $40,298
2023 $9,674 $46,848 $11,028 $35,820
2022 $9,674 $46,848 $11,028 $35,820
2021 $9,457 $46,848 $11,028 $35,820
2020 $6,997 $31,280 $5,040 $26,240
2019 $1,884 $35,955 $5,040 $30,915
2018 $1,849 $35,955 $5,040 $30,915
2017 $1,980 $33,769 $4,410 $29,359
2016 $2,376 $33,769 $4,410 $29,359
2015 $2,283 $33,769 $4,410 $29,359
2014 $2,264 $30,827 $3,780 $27,047
2013 $2,272 $30,827 $3,780 $27,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11341693

Midwest Real Estate Data (MRED)

APN: 13261270330000

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