NOT LISTED FOR SALE

Estimated Value: $1,307,548 - $1,364,000

5 Beds
3 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold April 28, 2016

Last sale price $640,000

Est. 112% increase in value since last sale

Current estimated payment $8,901/month

25 Days on Market

Highlights

  • 0.24 Acre Lot
  • A-Frame Home
  • 3 Car Detached Garage
  • Coonley Elementary School Rated A-

About This Home

As of April 2016

Last one on the block of Coonley! Upgrades can make this a live-in owner/rental dream but does need significant work. Top floor for you and rent the other two...or vice versa/convert to SFR. Sits between 1.2m and 1.9M homes on either side. 3 car garage (deep enough for 4 tandem). 2/3 units are rented. The garden unit incurred slight water damage once (and only once) a couple years back due to landfill from adjacent construction. All flooring was removed/space dried. Foundation is concrete all the way around. Long term tenants w/ one moving shortly. 30 day move out notice within lease agreement so a non-issue. This neighborhood is HOT. Get this last one to have the kids walk half a block to school! Not a fixer flipper value. 3-5 year carry. Sold as-is.

Last Agent to Sell the Property

Jon Miller

Berkshire Hathaway HomeServices Chicago Listed on: 02/04/2016

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Craig Easly

@properties Christie's International Real Estate License #475130600

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,486

Year Built

  • Built in 1886

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 124 x 25

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • A-Frame Home
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Partial Basement

Schools

  • Coonley Elementary School
  • Lane Technical High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Mechanical Septic System
  • Shared Septic

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $39,600
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,486

Year Built

Built in 1886

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: A-Frame
  • New Construction: No
  • Year Built: 1886
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Central Air Conditioner
  • MRD_AppliancesAndFeatures: Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Dishwasher,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 679000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Mechanical, Septic Shared
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 12000

Schools

  • Elementary School: COONLEY ELEMENTARY SCHOOL
  • High School: LANE TECHNICAL HIGH SCHOOL
  • Middle/Junior School: COONLEY ELEMENTARY SCHOOL
  • Middle/Junior School District: 299
  • Junior High/Middle School #2: ALEXANDER GRAHAM ELEMENTARY SCHOOL
  • Elementary School #2: ALEXANDER GRAHAM ELEMENTARY SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 124 X 25
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

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

Multi Family

  • Net Operating Income: 27600
  • GrossIncome: 39600
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8486
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2016
Closed on
Apr 28, 2016
Sold by
Coleman Rossell and Coleman Lorinda
Bought by
Vantine Jason R and Vantine Elizabeth
Seller's Agent
Jon Miller
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Craig Easly
@properties Christie's International Real Estate
List Price
$679,000
Sold Price
$640,000
Premium/Discount to List
-$39,000
-5.74%
Current Estimated Value
$1,359,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$719,008
Avg. Annual Appreciation
7.83%
Original Mortgage
$512,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2000
Sold by
Chicago Title Land Trust Company
Bought by
Coleman Russell A and Coleman Lorinda A

Purchase Details

Closed on
Jul 2, 1998
Sold by
Coleman Michael
Bought by
The Chicago Trust Company and Trust #1106080
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vantine Jason R $640,000 Heritage Title Company
Coleman Russell A -- --
The Chicago Trust Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vantine Jason R $470,951
Closed Vantine Jason R $125,500
Closed Vantine Jason R $512,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2016 04/28/16 Sold $640,000 -5.7% --
02/29/2016 02/29/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $679,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $17,520 $99,652 $34,565 $65,087
2023 $18,014 $93,853 $27,900 $65,953
2022 $18,014 $98,505 $27,900 $70,605
2021 $17,630 $91,004 $27,900 $63,104
2020 $12,980 $61,370 $14,880 $46,490
2019 $12,169 $64,000 $14,880 $49,120
2018 $11,964 $64,000 $14,880 $49,120
2017 $10,308 $51,261 $13,020 $38,241
2016 $10,267 $51,261 $13,020 $38,241
2015 $10,120 $55,228 $13,020 $42,208
2014 $8,486 $45,735 $9,920 $35,815
2013 $8,318 $45,735 $9,920 $35,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09132717

Midwest Real Estate Data (MRED)

APN: 14-18-318-039-0000