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

Sale Details

Date 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Nov 17, 2020
Sold by
Bought by
Seller's Agent
Michael Applegate
Straight-A Realty, LLC
Buyer's Agent
Michael Applegate
Straight-A Realty, LLC
List Price
$329,000
Sold Price
$350,000
Premium/Discount to List
$21,000
6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,400
Interest Rate
3.89%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,400
Interest Rate
3.89%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 20, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 1996
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 Guaranty National Title Co
-- Citywide Title Corporation
$204,500 Citywide Title Corporation
-- Chicago Title Insurance Co
$365,000 First American
$142,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $12,593
Open $20,781
Previous Owner $343,660
Previous Owner $212,400
Previous Owner $365,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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