NOT LISTED FOR SALE
2 Beds
1 Bath
-- Sq Ft
1921 Built

Last Sold November 18, 2020

Last sale price $350,000

9 Days on Market

Highlights

  • Multiple Garages
  • Fenced Yard
  • Enclosed Patio or Porch
  • Corner Lot
  • 4 Car Detached Garage

About This Home

As of November 2020

***Multiple offers received***Cash flow or live for free! This turn-key brick 4-unit in Greater Grand Crossing is an excellent investment opportunity for buyers looking to cash flow or to house-hack! Building was fully renovated less than 4 years ago and all units are move in ready! Each unit features 2 bedrooms, 1 bathroom and hardwood floors throughout! Plenty of equity available at this asking price! Contingent and sold comparable brick 4-unit properties within a square mile radios sold for an average of $378,000 within the past 13 months. Each 2-bedroom unit can rent for up to $1,100 per month, this equates to $4,400 per month in rental revenue! Huge 4 car brick garage! Huge basement with high ceilings (garden unit potential)! Located on the perfect block (across the street from a school)! Great location on the boarder of the Chatham neighborhood. Over-sized corner lot! Fenced yard! New roof! Newer hot water heaters! All New windows! New bathroom toilets! Washer/dryer hookup in the basement! Separate furnaces in each unit! Great for a FHA buyer! Live in one unit and let your tenants pay all your expenses! 3 units are vacant, 1 unit is occupied. Tenants pay everything but water! Take a tour! Make an offer! Won't last long!

Last Agent to Sell the Property

Michael Applegate

Straight-A Realty, LLC License #471020131 Listed on: 06/22/2020

Last Buyer's Agent

Michael Applegate

Straight-A Realty, LLC License #471020131 Listed on: 06/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,885

Year Built

  • Built in 1921 | Remodeled in 2016

Parking

  • 4 Car Detached Garage
  • Multiple Garages
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Bathroom

Lot Details

  • Fenced Yard
  • Corner Lot

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,885

Year Built

Built in 1921 | Remodeled in 2016

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1921
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Patio
  • Lot Features: Corner Lot, Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5957
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 3884.92
  • Tax Year: 2018
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 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
11/18/2020 11/18/20 Sold $350,000 +6.4% --
07/01/2020 07/01/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $329,000 -- --
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 $5,908 $32,000 $4,468 $27,532
2024 $5,908 $32,000 $4,468 $27,532
2023 $5,759 $28,000 $5,957 $22,043
2022 $5,759 $28,000 $5,957 $22,043
2021 $5,631 $28,000 $5,957 $22,043
2020 $3,855 $17,307 $4,765 $12,542
2019 $3,951 $19,667 $4,765 $14,902
2018 $3,885 $19,667 $4,765 $14,902
2017 $4,708 $21,871 $4,169 $17,702
2016 $4,381 $21,871 $4,169 $17,702
2015 $4,008 $21,871 $4,169 $17,702
2014 $3,629 $19,557 $3,574 $15,983
2013 $3,557 $19,557 $3,574 $15,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10755306

Midwest Real Estate Data (MRED)
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