NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1965 Built

Sale Details

Date Sold: May 29, 2020

Last sale price $429,900

37 Days on Market

Highlights

  • 4 Car Detached Garage
  • Cumberland Elementary School Rated A
  • Baseboard Heating

About This Home

As of May 2020

THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY! WELL MAINTAINED BRICK 4 FLAT WITH 4 CAR GARAGE & 5 PARKING SPACES! 3 UNITS ARE 2 BED/1 BATH AND 1 UNIT 1 BED/1 BATH. THERE IS A 4 CAR GARAGE LEASED FOR ADDITIONAL INCOME AND COIN WASHER & DRYER. 10 YEAR OLD ARCHITECTURAL ROOF SHINGLES. FULLY OCCUPIED, LONG TERM TENANTS M/M. VERY MANAGEABLE AND PROFITABLE BUILDING! TAKE ADVANTAGE OF TODAY'S LOW INTEREST RATES AND SECURE AN EXCELLENT INVESTMENT!

Last Agent to Sell the Property

George Metinidis

HomeSmart Connect LLC License #475122679 Listed on: 03/18/2020

HomeSmart Connect LLC

Last Buyer's Agent

Enrique Aguilar

RE/MAX Horizon License #475138061

RE/MAX Horizon
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,814

Year Built

  • Built in 1965

Parking

  • 4 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $48,600
  • Net Operating Income $28,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,814

Year Built

Built in 1965

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 9
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Dimensions: 11280
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 28258
  • GrossIncome: 48600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10814.21
  • Tax Year: 2018
  • Tax Exemptions: None

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
Mar 18, 2020
Closed on
May 29, 2020
Sold by
Bought by
Seller's Agent
George Metinidis
HomeSmart Connect LLC
Buyer's Agent
Enrique Aguilar
RE/MAX Horizon
List Price
$429,900
Sold Price
$429,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,425
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2000
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
$215,000
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 1998
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
$430,000 Chicago Title
-- None Available
-- Fidelity National Title
-- --
$325,000 --
-- --
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 $322,425
Previous Owner $215,000
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
05/29/2020 05/29/20 Sold $429,900 0.0% --
04/24/2020 04/24/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $429,900 0.0% --
03/23/2020 03/23/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $429,900 -- --
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 $12,919 $59,000 $11,280 $47,720
2024 $12,919 $49,000 $9,588 $39,412
2023 $12,608 $49,000 $9,588 $39,412
2022 $12,608 $49,000 $9,588 $39,412
2021 $10,289 $33,472 $7,896 $25,576
2020 $10,276 $34,004 $7,896 $26,108
2019 $10,519 $39,086 $7,896 $31,190
2018 $10,814 $36,160 $6,768 $29,392
2017 $10,623 $36,160 $6,768 $29,392
2016 $10,048 $36,160 $6,768 $29,392
2015 $9,344 $30,908 $5,922 $24,986
2014 $9,147 $30,908 $5,922 $24,986
2013 $8,919 $30,908 $5,922 $24,986
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10670628

Midwest Real Estate Data (MRED)
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