NOT LISTED FOR SALE

Estimated Value: $396,681

6 Beds
5 Baths
5,325 Sq Ft
$74/Sq Ft Est. Value

Sale Details

Date Sold: March 22, 2022

Last sale price $535,000 $100 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $2,502 / mo

42 Days on Market

About This Home

As of March 2022

Attention Investors. One of a Kind Investment on The Chain O'Lakes. 6 Unit Building with a Single Family Home. Both of These Properties are Included in the Sale. 120 Feet of Water Frontage On Grass Lake. Fully Occupied Besides the Two Lower Units that Need to be Finished. Additional Rental Income Possible Once Completed. Landlord Pays All Utilities. Great Yard For Tenants and Ample Parking. Very Easy To Find Tenants. Great Income Opportunity.

Last Agent to Sell the Property

Reid Anderson

Real Broker, LLC License #475152716 Listed on: 01/12/2022

Last Buyer's Agent

Ken Kaczmarowski

4 Keys Real Estate License #475198177

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,298

Year Built

  • Built in 1954

Lot Details

  • 24,829 Sq Ft Lot
  • Lot Dimensions are 92x67x141x120
  • Lake Front
  • River Front
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Wood Frame Construction
  • Masonite

Interior Spaces

  • 5,325 Sq Ft Home
  • 2-Story Property
  • Water Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,794
  • Fuel Expense $2,225
  • Insurance Expense $6,859
  • Other Expense $5,270
  • Trash Expense $1,320
  • Operating Expense $24,520
  • Gross Income $62,400
  • Net Operating Income $37,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,298

Year Built

Built in 1954

Lot Details

0.57 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1954
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Exterior Building Type: Masonite

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes

Fee Information

  • Trash Expense: 1320

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.5
  • Lot Dimensions: 92X67X141X120
  • Lot Size Sq Ft: 24829
  • Zoning: MULTI

Rental Info

  • Tenant Pays: None
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5325

Multi Family

  • Net Operating Income: 37880
  • Fuel Expense: 2225
  • Insurance Expense: 6859
  • ElectricExpense: 1794
  • GrossIncome: 62400
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 24520
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8298
  • Tax Year: 2020

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

Closed on
Apr 21, 2025
Sold by
Bought by
Current Estimated Value
$396,681

Purchase Details

Listed on
Jan 12, 2022
Closed on
Mar 22, 2022
Sold by
Bought by
Seller's Agent
Reid Anderson
Real Broker, LLC
Buyer's Agent
Ken Kaczmarowski
4 Keys Real Estate
List Price
$549,900
Sold Price
$535,000
Premium/Discount to List
-$14,900
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.54%

Purchase Details

Closed on
Feb 3, 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
$341,250
Interest Rate
4.95%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2016
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
$286,000
Interest Rate
3.66%
Mortgage Type
Unknown
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
$560,000 Chicago Title
$535,000 First American Title
$455,000 First American Title
$189,900 Ct
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
Previous Owner $341,250
Previous Owner $286,000
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
03/22/2022 03/22/22 Sold $535,000 -2.7% $100 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $549,900 0.0% $103 / Sq Ft
08/01/2019 08/01/19 Rented $1,400 -5.1% --
06/21/2019 06/21/19 Price Changed $1,475 -7.8% $2 / Sq Ft
06/12/2019 06/12/19 For Rent $1,600 -- --
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 $3,911 $56,625 $26,028 $30,597
2024 $3,759 $52,426 $24,098 $28,328
2023 $3,759 $46,943 $21,578 $25,365
2022 $3,856 $46,525 $14,208 $32,317
2021 $3,376 $39,569 $13,256 $26,313
2020 $3,324 $38,476 $12,890 $25,586
2019 $3,141 $36,795 $12,327 $24,468
2018 $3,257 $37,221 $8,954 $28,267
2017 $3,228 $35,429 $8,523 $26,906
2016 $3,454 $34,191 $8,225 $25,966
2015 $3,490 $33,322 $8,016 $25,306
2014 $3,905 $38,194 $10,024 $28,170
2012 $3,609 $39,677 $10,024 $29,653
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11302608

Midwest Real Estate Data (MRED)

APN: 01-27-300-005

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