$475,000
SOLD DEC 10, 2024
18 Beds
9 Baths
-- Sq Ft
5,227 Sq Ft Lot

Recently Sold

8% Below List Price

155 Days on Market

About This Home

As of December 2024

Chatham 9 units New Entry Doors 4 updated apartment updated electrical service. The property consist of 9 units 2 bedrooms 1 bath. Several units well below market value with huge potential for sufficient rental increases in rental income. Close to public transportation, epressway, shopping and schools. SOLD AS IS. Seller is related to agent.

Last Agent to Sell the Property

Cynthia Frye

Cynthia Frye License #471003917 Listed on: 05/05/2024

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,979

Year Built

  • Built in 1924

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 9 Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Steam

Additional Features

  • 3-Story Property
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,188
  • Fuel Expense $11,260
  • Insurance Expense $8,280
  • Maintenance Expense $8,954
  • Other Expense $748
  • Trash Expense $2,951
  • Water Sewer Expense $3,110
  • Operating Expense $51,136
  • Gross Income $91,800
  • Net Operating Income $40,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,979

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: Exceptions-Call List Office,48-Hr Notice Required,Leases Avaliable
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 18
  • Refrigerators: 4
  • Ranges: 5
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 500000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Heat/Ventilation: Steam

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2951
  • Water Sewer Expenses: 3110
  • Janitor Expense: 3666

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 5540
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 40664
  • Fuel Expense: 11260
  • Insurance Expense: 8280
  • ElectricExpense: 1188
  • GrossIncome: 91800
  • Maintenance Expense: 8954
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 51136
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10979
  • Tax Year: 2023

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

Property History

Date Event Price Change Sq Ft Price
12/10/2024 12/10/24 Sold $475,000 -5.0% --
10/09/2024 10/09/24 Pending -- -- --
09/11/2024 09/11/24 Price Changed $500,000 -2.9% --
09/03/2024 09/03/24 For Sale $515,000 0.0% --
08/19/2024 08/19/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $515,000 0.0% --
08/05/2024 08/05/24 For Sale $515,000 -1.9% --
05/17/2024 05/17/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $525,000 +101.9% --
07/12/2019 07/12/19 Sold $260,000 0.0% --
08/30/2018 08/30/18 Off Market $260,000 -- --
06/25/2018 06/25/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $299,900 -- --
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: 12047979

Midwest Real Estate Data (MRED)

APN: 20342080250000