NOT LISTED FOR SALE
4 Beds
2 Baths
2,144 Sq Ft
3,485 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $475,000 $222 Per Sq Ft

4 Days on Market

Highlights

  • Recreation Room
  • Forced Air Heating System
  • Multiple Water Heaters
  • 3 Car Detached Garage
  • Ceiling Fan
  • Satellite Dish

About This Home

As of May 2024

2-unit Income Generating property near Belmont & Central offers a 3 car garage and some newer mechanicals. Both units are currently rented month-to-month way below market so there's lots of potential here! Finished basement includes a large common rec room area with additional sleeping space, bathroom, small kitchenette, storage area, and laundry equipment. This is not a separate standalone apartment but would be an ideal private space to host guests or for an multi-generational type living arrangement. Each unit has its own HVAC system with gas/forced air and central air, plus their own water heaters. Tenant pays gas and electric. New Electrical Panels in 2023, one water heater new in 2024, the other 2022, first floor electric oven replaced in 2022, and one of the washing machines new in 2023. Great addition of a new, brick 3-car garage includes a storage loft! Super convenient location near tons of shopping and dining options, CTA lines, local library branch, and several schools.

Last Agent to Sell the Property

Tyler Lewke

Keller Williams Success Realty License #471002170 Listed on: 04/12/2024

Keller Williams Success Realty

Co-Listed By

Frank Pantell

Keller Williams Success Realty License #471004704

Last Buyer's Agent

Santiago Valdez

Compass License #475153660

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1923

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30 x 126

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Recreation Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters
  • Satellite Dish

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,554
  • Trash Expense $228
  • Water Sewer Expense $973
  • Gross Income $22,800
  • Net Operating Income $16,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,505

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • 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
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: TV-Dish, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Room Type: Recreation Room
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 450000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • 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

Fee Information

  • Trash Expense: 228
  • Water Sewer Expenses: 973

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 30 X 126
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 16540
  • Insurance Expense: 1554
  • GrossIncome: 22800
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3505
  • Tax Year: 2022

Range of Values:

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Average Value
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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
05/24/2024 05/24/24 Sold $475,000 +5.6% $222 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $450,000 -- $210 / 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: 12021951

Midwest Real Estate Data (MRED)

APN: 13281000280000