NOT LISTED FOR SALE

Estimated Value: $534,000 - $836,000

3 Beds
2 Baths
-- Sq Ft
2,875 Sq Ft Lot

Sale Details

Date Sold: July 22, 2016

Last sale price $282,000

Est. 159% increase in value since last sale

Current estimated payment $4,838 / mo

6 Days on Market

About This Home

As of July 2016

ATTENTION: Rehabbers / Builders / Developers, make this your next project. Great Location! New Construction all around area! Brick 2 unit building. Front unit 1 bdrm & rear unit 2 bdrms. Front unit has gas space heaters and hardwood floors. Rear unit has gas forced heat and hardwood floors. Enclosed back porch for additional storage/closet space. Full basement with roughed in plumbing. Basement can be accessed from enclosed back porch or from exterior side door. Keep as a 2 unit, or convert to a huge 1 story single-family home or tear down and build new. Separate circuit breakers & hot water tanks. 2 car garage (currently rented). Adjacent (25 x 115) side lot 3029 S. Throop (separate tax pin#) with 2 car garage also is included in list price. (Combined lot size 50 x 115.) 2014 Taxes on lot were $1066.81. Property is being sold "AS-IS".

Last Agent to Sell the Property

Sheila Messer

Bridgeport Realty Group, LLC License #471002082 Listed on: 05/31/2016

Last Buyer's Agent

Amy Mei

Landmark & Property Group, Inc License #475130343

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,705

Lot Details

  • Lot Dimensions are 50 x 115
  • Additional Parcels

Parking

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

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rough-In Basement Bathroom

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,705

Lot Details

2,875 Sq Ft Lot

Parking

2

Listing Details

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

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished,Bathroom Rough-In
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

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

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50 X 115
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 3705.12
  • Tax Year: 2014
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2017
Sold by
Kasper Development Llc 3027
Bought by
Cheu Kit M
Current Estimated Value
$731,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Outstanding Balance
$196,265
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$535,003

Purchase Details

Listed on
May 31, 2016
Closed on
Jul 22, 2016
Sold by
Kochan Kenneth
Bought by
Kasper Development Llc
Seller's Agent
Sheila Messer
Bridgeport Realty Group, LLC
Buyer's Agent
Amy Mei
Landmark & Property Group, Inc
List Price
$298,000
Sold Price
$282,000
Premium/Discount to List
-$16,000
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$167,700
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2015
Sold by
Kochan Kenneth
Bought by
The Kenneth Kochan Revocable Living Trus
Source: Public Records
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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
Cheu Kit M $540,000 Chicago Title
Kasper Development Llc $282,000 Chicago Title
The Kenneth Kochan Revocable Living Trus -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheu Kit M $378,000
Previous Owner Kasper Development Llc $167,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2016 07/22/16 Sold $282,000 -5.4% --
06/06/2016 06/06/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $298,000 -- --
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 $10,800 $61,906 $14,231 $47,675
2024 $10,800 $61,906 $14,231 $47,675
2023 $11,843 $54,506 $11,500 $43,006
2022 $11,843 $61,000 $11,500 $49,500
2021 $11,597 $61,000 $11,500 $49,500
2020 $9,516 $45,820 $9,200 $36,620
2019 $10,151 $53,954 $9,200 $44,754
2018 $9,979 $53,954 $9,200 $44,754
2017 $4,856 $22,556 $7,187 $15,369
2016 $4,826 $26,591 $7,187 $19,404
2015 $4,392 $26,591 $7,187 $19,404
2014 $3,705 $22,538 $5,750 $16,788
2013 $3,621 $22,538 $5,750 $16,788
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09241876

Midwest Real Estate Data (MRED)

APN: 17-29-425-023-0000

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