NOT LISTED FOR SALE
-- Beds
-- Baths
12,606 Sq Ft
0.79 Acre Lot

Sale Details

Date Sold: December 17, 2021

Last sale price $1,800,000 $143 Per Sq Ft

17 Days on Market

Highlights

  • 0.79 Acre Lot
  • Halls are 36 inches wide or more
  • Roll Under Sink
  • Central High School Rated A-
  • Accessible Entrance
  • Accessible Kitchen

About This Home

As of December 2021

Special place in the city--on quiet Munson Place just off Munson Ave, blocks from both the east and west bay beaches and Northwestern University. Close to downtown. This well maintained 12 unit apartment complex is easy to fill...Units rent within days! All units have 2 sizeable bedrooms and 2 full bathrooms! Provides solid income with room to increase. Each unit has its own forced air furnace and central A/c all new 4 years ago. Most of the units have been updated within the last year. Great opportunity for a live in owner/manager and/or investment income. Change in owners plans make this opportunity available to you---set up time to see it soon!

Last Agent to Sell the Property

Scott McLauchlin

McLauchlin Realty, Inc. Listed on: 08/31/2021

Last Buyer's Agent

Scott McLauchlin

McLauchlin Realty, Inc. Listed on: 08/31/2021

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,809

Year Built

  • Built in 1986

Lot Details

  • 34,412 Sq Ft Lot
  • Lot Dimensions are 210 x 165
  • Property fronts a private road
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Parking

  • 24 Parking Spaces
  • Paved Parking

Accessible Home Design

  • Roll Under Sink
  • Grab Bar In Bathroom
  • Accessible Kitchen
  • Halls are 36 inches wide or more
  • Accessible Entrance

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 12 Units

Building Details

  • Insurance Expense $5,227
  • Maintenance Expense $4,800
  • Utility Expense $3,240
  • Operating Expense $3,000
  • Gross Income $172,680
  • Net Operating Income $119,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,809

Year Built

Built in 1986

Lot Details

0.79 Acres

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1986
  • General Property Info:Basement: No
  • Waterfront Options:Water Access YN: No
  • Driveway:Driveway: Paved, Asphalt
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
  • Extras:Extras: Tenant Storage
  • Lot Description:Lot Description: Level
  • Water Fea Amenities:Water Fea Amenities: Public Access 1 Mile or Less
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36' or + Hallway, Accessible Bath Sink, Accessible Kitchen, Grab Bar Mn Flr Bath, Accessible Entrance
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 1850000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Roofing:Roofing: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Asphalt
  • Total Parking Spaces: 24.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

Lot Info

  • Lot Size Acres: 0.79
  • Lot Size Area: 0.79
  • Lot Dimensions: 210 x 165
  • Lot Size Sq Ft: 34412.0
  • Zoning Description: Commercial

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 172680.0
  • Insurance Expense: 5227.0
  • Maintenance Expense: 4800.0
  • Net Operating Income: 119604.0
  • Number of Units Total: 12
  • Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 36809.0
  • Tax Year: 2021

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
Oct 16, 2018
Closed on
Jan 16, 2019
Sold by
Bought by
Seller's Agent
Erica Foerster
REO-TCFront-233021
Buyer's Agent
Erica Foerster
REO-TCFront-233021
List Price
$1,300,000
Sold Price
$1,269,000
Premium/Discount to List
-$31,000
-2.38%

Purchase Details

Closed on
Jan 25, 1994
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
$1,269,000 --
-- --
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
12/17/2021 12/17/21 Sold $1,800,000 -2.7% $143 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $1,850,000 +23.3% $147 / Sq Ft
07/10/2020 07/10/20 Sold $1,500,000 0.0% $119 / Sq Ft View Prior Sale
07/09/2020 07/09/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $1,500,000 +18.2% $119 / Sq Ft
01/16/2019 01/16/19 Sold $1,269,000 -2.4% $101 / Sq Ft View Prior Sale
01/07/2019 01/07/19 Pending -- -- --
10/16/2018 10/16/18 For Sale $1,300,000 -- $103 / Sq Ft
Source: MichRIC

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
2026 $49,563 $832,400 $0 $0
2025 $45,824 $915,600 $0 $0
2024 $44,584 $940,400 $0 $0
2023 $41,824 $672,100 $0 $0
2022 $43,159 $787,800 $0 $0
2021 $37,118 $672,100 $0 $0
2020 $32,613 $588,800 $0 $0
2019 $14,315 $435,400 $0 $0
2018 $14,008 $336,600 $0 $0
2017 -- $295,100 $0 $0
2016 -- $288,100 $0 $0
2014 -- $256,300 $0 $0
2012 -- $228,700 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 21103275

MichRIC

APN: 51-101-042-10

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