NOT LISTED FOR SALE
8 Beds
8 Baths
-- Sq Ft
0.47 Acres

Last Sold October 28, 2022

Last sale price $730,000

5 Days on Market

Highlights

  • Multiple Garages
  • Property is near a park
  • Loft
  • Holmes Elementary School Rated A-
  • Rowhouse Architecture
  • Screened Porch

About This Home

As of October 2022

This is not your average 3 flat. Unique investment opportunity features 3 distinct residences on the same parcel. All 3 feature 2 car attached garages, and in unit laundry. In 1986, (2) duplex town homes were added to the original farmhouse on the nearly 1/2 acre lot in this convenient commuter location. Unit 402 is the original farmhouse. It has a first floor bedroom and bath along with a finished attic space that acts as an ensuite bedroom with additional loft space, closets and a full bath. The first floor has a kitchen, dining room, living room and a uniquely large screened porch off the back. It currently rents for $1750/mo. Unit 406 and 410 are identical 2 story townhouses. They feature 3 bedrooms and an additional loft space on the second floor. The master bedroom has its own full bath. There is an additional hall bath on the second floor as well as a powder room on the main floor. They both have a large family room with 2 story vaulted ceiling, dining room and kitchen on the main level. Each has an unfinished basement offering additional opportunity. 410 was renovated in 2018 and rents for $2300/mo currently. 406 is rented for $2000/mo currently. All (3) units are on separate utility meters and all have their own HVAC including central air conditioning. This building performs well as an investment property, or a shrewd owner occupier can purchase using an FHA loan with minimal downpayment and live cheaply while the rents pay down the principal on the mortgage. All current leases are month to month to provide new buyer with maximum flexibility. Reach out to schedule a showing today!

Last Agent to Sell the Property

Brent Hyland

@properties Christie's International Real Estate License #475122427 Listed on: 09/15/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Ben Useni

Charles Rutenberg Realty of IL License #475173178

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,039

Year Built

  • Built in 1986

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 119x128

Parking

  • 6 Car Attached Garage
  • Multiple Garages
  • Driveway
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Rowhouse Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Loft
  • Screened Porch

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Location

  • Property is near a park

Schools

  • Maercker Elementary School
  • Westview Hills Middle School
  • North High School

Utilities

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $4,500
  • Gross Income $72,600
  • Net Operating Income $49,295

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,039

Year Built

Built in 1986

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Row House
  • New Construction: No
  • Year Built: 1986
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Loft, Screened Porch
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space

Exterior Features

  • List Price: 725000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Unassigned, Driveway
  • ParkingTotal: 6
  • Number of Cars: 12
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park

Schools

  • Elementary School: Maercker Elementary School
  • High School: North High School
  • Middle/Junior School: Westview Hills Middle School
  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.47
  • Lot Dimensions: 119X128
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 49295
  • Insurance Expense: 4500
  • GrossIncome: 72600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11039.04
  • Tax Year: 2021

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 List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $730,000 +0.7% --
09/21/2022 09/21/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $725,000 -- --
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: 11630290

Midwest Real Estate Data (MRED)