NOT LISTED FOR SALE
7 Beds
4 Baths
4,317 Sq Ft
1915 Built

Last Sold August 17, 2023

Last sale price $1,262,500 $292 Per Sq Ft

37 Days on Market

Highlights

  • Brownstone
  • Deck
  • 2 Car Detached Garage
  • Blaine Elementary School Rated A-
  • Den
  • Forced Air Heating System

About This Home

As of August 2023

Lakeview/Southport Corridor beauty: All brick 3 flat with 2 large 2br+den and 3br/2ba duplex units that have fantastic back decks, in unit W/D and own HVAC. Stones throw to Blaine school if needed. 4300+ square feet. Vintage details kept in tact and rehabbed throughout the years. Kitchens have been recently updated with SS appliances, granite countertops. Roof done in last 2 years. Bedrooms are all generous in size. Front den on 2nd and 3rd floor is adjacent to living room and makes for a great office/workout. Longer term renter on 1st floor is moving Rent can be higher for this duplex or owner occupy. (family Room/3rd bedroom with large walk in closet/full bath/side by side w/d. North wall of building tuck pointed 2021, South wall and front of building tuck pointed 2015. New garage 2013. Fantastic opportunity to Owner occupy - Unit 1: Furnace and A/C 2020 (June) new counters fall of 2022, dishwasher/fridge/oven 2019, Washing Machine 2014 Unit 2: Furnace and A/C 2019 New Leathered granite counter fall 2022 Fridge 2015/Oven 2020/dishwasher 2017/ washer/dryer 2017 Unit 3: Furnace 2004 A/C 2010, Fridge 2004/Oven 2011/dishwasher 2011/washer dryer /2013 Hot water tank: 75 gallons for the entire building See virtual tour and floor plans for layout. **** 2nd & 3rd flr Rents change 8/1*** 2nd Floor: New Rent 2500.00 (7/2024) 3rd floor 2800 out (9/1/2023) NEW rent 2800 through 8/31/2024. 1st Fl (long time tenant, New rent 08/1 3200 out 11/1. See Additional info for floor plans of the building and old and new rents and expenses, 48 hour noticed required for showings. Building, historically rents very quickly. Location, Location.

Last Agent to Sell the Property

Kathleen Menighan Wilson

@properties Christie's International Real Estate License #475133436 Listed on: 06/14/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Kim Carmona

@properties Christie's International Real Estate License #475186053

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,265

Year Built

  • Built in 1915 | Remodeled in 2019

Parking

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

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House

Schools

  • Blaine Elementary School
  • Lake View High School

Utilities

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

Additional Features

  • Den
  • Deck
  • Lot Dimensions are 25x120

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,124
  • Gross Income $102,000
  • Net Operating Income $73,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,265

Year Built

Built in 1915 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Water Heater-Gas
  • Room Type: Den
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Central Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 1300000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 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, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Fee Information

  • Other Expenses $: 1956

Schools

  • Elementary School: Blaine Elementary School
  • High School: Lake View High School
  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 73655
  • Insurance Expense: 2124
  • GrossIncome: 102000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 24265
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Range of Values:

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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
08/17/2023 08/17/23 Sold $1,262,500 -2.9% $292 / Sq Ft
07/22/2023 07/22/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $1,300,000 -- $301 / 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: 11807695

Midwest Real Estate Data (MRED)

APN: 14201150160000