NOT LISTED FOR SALE
9 Beds
4 Baths
2,886 Sq Ft
1914 Built

Last Sold September 23, 2024

Last sale price $890,000 $308 Per Sq Ft

37 Days on Market

About This Home

As of September 2024

ASSUMABLE VA MORTAGE AT 2.75%! VA Mortgages do not have PMI and non-veterans can assume them! Extremely rare opportunity to purchase an updated brick 4 unit on an oversized lot in Avondale with high cash flow potential from ASSUMING THE MORTGAGE. Keep the ultra-low rate and capitalize on a huge opportunity to have very minimal living expenses as you live in one unit and rent out the other three. The building consists of (3) 2 bed 1 bath above grade units, and a 4th non-conforming garden unit with 3 beds 1 bath. Hardly anything to do as all units have many updates! Property has newer silver coat on roof, newer vinyl windows, 2 units with furnaces and central AC, coin laundry, sump pump, mostly copper water lines, 5 storage units, and 2 car garage with newer motor. Unit 2 just finished a gut rehab. Current tenants are month to month and far under market rate. Amazing location that is walking distance to Milwaukee Ave with nearby coffee shops, Restaurants, and Avondale bowl. We may never see 2.75% interest rates ever again! Don't miss this exceptionally rare opportunity. Owner occupancy required for assumption.

Last Agent to Sell the Property

Jason Wagner

Greystone Realty License #471021030 Listed on: 03/17/2024

Last Buyer's Agent

Katelin Burke

Fulton Grace Realty License #475193396

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,902

Year Built

  • Built in 1914 | Remodeled in 2023

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 4 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 30x138

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Other Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,068
  • Fuel Expense $1,380
  • Insurance Expense $2,580
  • Water Sewer Expense $1,644
  • Gross Income $49,788
  • Net Operating Income $32,235

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,902

Year Built

Built in 1914 | Remodeled in 2023

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: 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, Radiant
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 1644

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30X138
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 32235
  • Fuel Expense: 1380
  • Insurance Expense: 2580
  • ElectricExpense: 1068
  • GrossIncome: 49788
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5902
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Disabled Vet
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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 Prior Sale
09/23/2024 09/23/24 Sold $890,000 0.0% $308 / Sq Ft
06/30/2024 06/30/24 Off Market $890,000 -- --
04/25/2024 04/25/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $950,000 +48.4% $329 / Sq Ft
06/22/2021 06/22/21 Sold $640,000 +3.2% $222 / Sq Ft View Prior Sale
04/19/2021 04/19/21 For Sale -- -- --
04/18/2021 04/18/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $620,000 +18.1% $215 / Sq Ft
08/14/2019 08/14/19 Sold $525,000 +1.0% $182 / Sq Ft View Prior Sale
07/16/2019 07/16/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $519,900 -- $180 / 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 $9,468 $56,000 $18,270 $37,730
2024 $9,468 $56,000 $18,270 $37,730
2023 $5,902 $48,000 $14,700 $33,300
2022 $5,902 $48,000 $14,700 $33,300
2021 $9,018 $48,004 $14,704 $33,300
2020 $7,697 $34,406 $6,720 $27,686
2019 $7,979 $39,548 $6,720 $32,828
2018 $7,817 $39,548 $6,720 $32,828
2017 $1,341 $37,806 $5,880 $31,926
2016 $1,747 $37,806 $5,880 $31,926
2015 $1,679 $37,806 $5,880 $31,926
2014 $1,665 $37,849 $5,040 $32,809
2013 $1,671 $37,849 $5,040 $32,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12006590

Midwest Real Estate Data (MRED)

APN: 13261080190000

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