NOT LISTED FOR SALE
5 Beds
2 Baths
-- Sq Ft
1,742 Sq Ft Lot

Sale Details

Date Sold: February 26, 2016

Last sale price $542,500

124 Days on Market

About This Home

As of February 2016

2/3 Unit renovated all brick multifamily home adjacent to Southport corridor and million dollar single family homes and in Blaine School District. This great investment property pays for itself bringing in great income. This 2,016 square foot multi-family home sits on an oversized lot. The property is all tenant heated and has been updated in the last 3 yrs.

Last Agent to Sell the Property

Ron Goldstein

Jameson Sotheby's Int'l Realty License #475109639 Listed on: 09/18/2015

Last Buyer's Agent

Tim Zielonka

LPT Realty LLC License #471004901

LPT Realty LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,176

Year Built

  • Built in 1894

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50x43

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Blaine Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $47,200
  • Net Operating Income $44,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,176

Year Built

Built in 1894

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Fee Information

  • Other Expenses $: 2550

Schools

  • Elementary School: BLAINE ELEMENTARY SCHOOL

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 50X43
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 44670
  • GrossIncome: 47200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7176.04
  • Tax Year: 2014

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
Sep 18, 2015
Closed on
Feb 23, 2016
Sold by
Bought by
Seller's Agent
Ron Goldstein
Jameson Sotheby's Int'l Realty
Buyer's Agent
Tim Zielonka
LPT Realty LLC
List Price
$599,800
Sold Price
$542,500
Premium/Discount to List
-$57,300
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,875
Outstanding Balance
$314,913
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2003
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
$271,400
Interest Rate
4.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 25, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$542,500 Attorneys Title Guaranty Fun
-- Centennial Title Incorporate
-- --
$196,000 Mercury Title Company
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 $406,875
Closed $271,400
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
02/26/2016 02/26/16 Sold $542,500 -6.4% --
01/20/2016 01/20/16 Pending -- -- --
10/15/2015 10/15/15 Price Changed $579,800 -3.3% --
09/18/2015 09/18/15 For Sale $599,800 -- --
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 $11,852 $62,430 $33,480 $28,950
2024 $11,852 $62,430 $33,480 $28,950
2023 $11,554 $56,172 $27,000 $29,172
2022 $11,554 $56,172 $27,000 $29,172
2021 $11,296 $56,172 $27,000 $29,172
2020 $11,428 $51,300 $12,096 $39,204
2019 $11,452 $57,000 $12,096 $44,904
2018 $11,259 $57,000 $12,096 $44,904
2017 $9,723 $45,167 $10,800 $34,367
2016 $9,046 $45,167 $10,800 $34,367
2015 $8,277 $45,167 $10,800 $34,367
2014 $7,176 $38,677 $8,640 $30,037
2013 $7,034 $38,677 $8,640 $30,037
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09042363

Midwest Real Estate Data (MRED)
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