NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: July 27, 2021

Last sale price $565,000

6 Days on Market

Highlights

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

About This Home

As of July 2021

Attention Investors!!!! Positive cash flow (over $5000 of monthly gross income) and a great opportunity to own a maintenance free property that will provide years of income. All units are occupied. Impeccably maintained all brick four-unit building in a very convenient and popular off-street location close to shopping, dining, hospitals, and a community college. The building has been almost completely remodeled within the past two years. Units feature: all new bathrooms, two brand new kitchens with quartz countertops, two partially remodeled kitchens, new plank floors in two units, and much, much more. Newer roof, boiler and water heather (all installed in 2016). Landry room and common area have been completely remodeled with new tiles installed on Schluter Ditra (as shown on picture #14), and new higher-grade carpet on the stairs. Oversized 2+ car garage and exterior parking spaces. Extra income from garage, one leased parking space and laundromat. A must see. Act quickly as this opportunity will not last long!

Last Agent to Sell the Property

Andrew Lachowicz

RealtyOne And Associates Of IL License #475190014 Listed on: 06/09/2021

Last Buyer's Agent

Eva Cuper

EHomes Realty, Ltd License #471006611

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,531

Year Built

  • Built in 1965 | Remodeled in 2020

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 60 x 188

Parking

  • 2.5 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Utilities

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

Community Details

  • 4 Units
  • Gross Income $62,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,531

Year Built

Built in 1965 | Remodeled in 2020

Lot Details

0.25 Acres

Parking

2

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: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Crawl,None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner,Hardwood Floors

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Assigned
  • ParkingTotal: 9.5
  • Garage Details: Garage Door Opener(s)
  • 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
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 60 X 188
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: None

Multi Family

  • GrossIncome: 62172
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10531.4
  • Tax Year: 2019

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
Jun 9, 2021
Closed on
Jul 22, 2021
Sold by
Bought by
Seller's Agent
Andrew Lachowicz
RealtyOne And Associates Of IL
Buyer's Agent
Eva Cuper
EHomes Realty, Ltd
List Price
$565,000
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2016
Sold by
Bought by

Purchase Details

Listed on
May 28, 2015
Closed on
Jul 31, 2015
Sold by
Bought by
Seller's Agent
Joseph Licari
Keller Williams Success Realty
Buyer's Agent
Izabella Tabor
EHomes Realty, Ltd
List Price
$360,000
Sold Price
$330,000
Premium/Discount to List
-$30,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2015
Sold by
Bought by

Purchase Details

Listed on
Apr 18, 2014
Closed on
Jun 5, 2014
Sold by
Bought by
Seller's Agent
Kobra Hall
Fulton Grace Realty
Buyer's Agent
John Gall
RCI Preferred Realty
List Price
$318,000
Sold Price
$314,000
Premium/Discount to List
-$4,000
-1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2012
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
$210,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 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
$565,000 Citywide Title Corporation
-- Attorney
$330,000 First American Title Ins Co
-- None Available
$314,000 Title Resources Guaranty Co
$280,000 Fnt
-- Fidelity Natl Title Ins Co
-- --
-- --
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 $423,750
Previous Owner $242,250
Closed $235,500
Closed $210,000
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 Prior Sale
07/27/2021 07/27/21 Sold $565,000 0.0% --
06/16/2021 06/16/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $565,000 +71.2% --
07/31/2015 07/31/15 Sold $330,000 -8.3% -- View Prior Sale
06/11/2015 06/11/15 Pending -- -- --
05/28/2015 05/28/15 For Sale $360,000 +14.6% --
06/06/2014 06/06/14 Sold $314,000 -1.3% -- View Prior Sale
05/02/2014 05/02/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $318,000 0.0% --
04/25/2014 04/25/14 Pending -- -- --
04/18/2014 04/18/14 For Sale $318,000 -- --
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 $13,974 $60,000 $11,280 $48,720
2024 $13,974 $53,000 $9,588 $43,412
2023 $12,758 $53,000 $9,588 $43,412
2022 $12,758 $53,000 $9,588 $43,412
2021 $10,465 $34,045 $7,896 $26,149
2020 $10,288 $34,045 $7,896 $26,149
2019 $10,531 $39,133 $7,896 $31,237
2018 $10,824 $36,194 $6,768 $29,426
2017 $10,633 $36,194 $6,768 $29,426
2016 $10,058 $36,194 $6,768 $29,426
2015 $9,352 $30,933 $5,922 $25,011
2014 $9,154 $30,933 $5,922 $25,011
2013 $8,926 $30,933 $5,922 $25,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116304

Midwest Real Estate Data (MRED)
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