NOT LISTED FOR SALE
14 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot Lot

Sale Details

Date Sold: July 10, 2015

Last sale price $390,000

111 Days on Market

Highlights

  • Greystone Architecture
  • Brick or Stone Mason
  • Paved or Partially Paved Lot

About This Home

As of July 2015

Gorgeous 4-flat greystone. Units are massive with 3 of them featuring 4 beds. Contemporary kitchens & baths. All units were renovated over the past few years. Mechanicals in top shape. Tenants pay all utilities except water. Very low maintenance building. Room to grow annual income. 3 exterior parking spaces. 9.9 cap rate. 7.7 GIM. Great investment opportunity with good upside appreciation potential.

Last Agent to Sell the Property

Pucksiha Xumsai

Century 21 S.G.R., Inc. License #475163587 Listed on: 02/14/2015

Co-Listed By

Paul Xumsai

Century 21 S.G.R., Inc.

Century 21 S.G.R., Inc.

Last Buyer's Agent

Paul Xumsai

Century 21 S.G.R., Inc.

Century 21 S.G.R., Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,416

Year Built

  • Built in 1893

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot

Home Design

  • Greystone Architecture
  • Brick or Stone Mason
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $58,284
  • Net Operating Income $44,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,416

Year Built

Built in 1893

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Year Built: 1893
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 14
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved, Other

Fee Information

  • Other Expenses $: 13469

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 44814
  • GrossIncome: 58284
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3416.41
  • Tax Year: 2013
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
07/10/2015 07/10/15 Sold $390,000 -13.3% --
06/05/2015 06/05/15 Pending -- -- --
02/14/2015 02/14/15 For Sale $450,000 -- --
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 $5,649 $55,285 $10,938 $44,347
2024 $5,649 $55,285 $10,938 $44,347
2023 $5,484 $30,001 $10,938 $19,063
2022 $5,484 $30,001 $10,938 $19,063
2021 $5,379 $29,999 $10,937 $19,062
2020 $5,474 $27,673 $5,312 $22,361
2019 $5,629 $31,447 $5,312 $26,135
2018 $5,533 $31,447 $5,312 $26,135
2017 $4,728 $25,338 $4,375 $20,963
2016 $4,575 $25,338 $4,375 $20,963
2015 $4,162 $25,338 $4,375 $20,963
2014 $3,497 $21,414 $3,750 $17,664
2013 -- $21,414 $3,750 $17,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08838772

Midwest Real Estate Data (MRED)
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