NOT LISTED FOR SALE
7 Beds
4 Baths
3,744 Sq Ft
5,227 Sq Ft Lot

Last Sold October 03, 2022

Last sale price $337,500 $90 Per Sq Ft

2 Days on Market

Highlights

  • Beach Access
  • Property is near park
  • Fenced Yard
  • Community Lake
  • Corner Lot
  • 4-minute walk to Rainbow Beach Park

About This Home

As of October 2022

WE ARE IN A MULTIPLE OFFER SITUATION. ALL HIGHEST-AND-BEST OFFERS ARE DUE BY 5 PM ON WEDNESDAY, AUGUST 17, 2022. What a beauty! And it is just a two minute walk to Rainbow Beach! This building and its location is a very rare opportunity to own a property steps from the Lake and, equally important, it is on the east side of South Shore Drive! This legal, 2-unit building makes for a perfect investment; or, you can live in one unit and rent out the other two units - and you can live for practically free. And the best part? The mechanicals are in tip-top shape; simply put, this property has been well-maintained by its owner! There is a unit on each floor. Both units are presently rented on a month-to-month basis. The first floor features a 3-bedroom, 2-bathroom living space. The second floor features a 4-bedroom, 2-bathroom living space. Each unit features a sprawling living room and dining room that opens up to a nicely sized kitchen - all while being an intelligently designed space. Each unit feels like a house! Then head to a full, unfinished basement, which is the length and width of the building, and utilize this space for storage or convert it into more living space. The possibilities are endless. Close to schools, shopping, transportation, the South Shore Country Club, the upcoming Tiger Woods Golf Course and impeccable access to Lake Shore Drive. All financing types are acceptable: FHA, VA and conventional. Show and sell! NOTE: There is no homeowners exemption on this property.

Last Agent to Sell the Property

Peter Drossos

Peter Drossos Real Estate License #471010251 Listed on: 08/13/2022

Last Buyer's Agent

T'Keyah Williams

HomeSmart Connect LLC License #475182403

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,721

Year Built

  • Built in 1880

Lot Details

  • 5,227 Sq Ft Lot
  • Cul-De-Sac
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Beach Access
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near park

Community Details

  • 2 Units
  • Community Lake

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,721

Year Built

Built in 1880

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Beach, Corner Lot, Cul-De-Sac, Fenced Yard
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 3
  • Number of Cars: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 5220
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3720.88
  • Tax Year: 2020

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat
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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
10/03/2022 10/03/22 Sold $337,500 -0.7% $90 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $340,000 -- $91 / Sq Ft
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 $4,870 $31,300 $3,915 $27,385
2024 $4,870 $31,300 $3,915 $27,385
2023 $4,731 $23,000 $6,525 $16,475
2022 $4,731 $23,000 $6,525 $16,475
2021 $4,625 $23,000 $6,525 $16,475
2020 $3,721 $16,703 $4,698 $12,005
2019 $3,814 $18,981 $4,698 $14,283
2018 $3,749 $18,981 $4,698 $14,283
2017 $4,174 $19,388 $4,176 $15,212
2016 $3,883 $19,388 $4,176 $15,212
2015 $3,553 $19,388 $4,176 $15,212
2014 $3,448 $18,583 $3,654 $14,929
2013 $3,380 $18,583 $3,654 $14,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11491124

Midwest Real Estate Data (MRED)

APN: 21304050150000

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