NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1960 Built

Sale Details

Date Sold: July 8, 2024

Last sale price $850,000

7 Days on Market

Highlights

  • Corner Lot
  • 4-minute walk to Riverside Station
  • 3 Car Attached Garage
  • Central Elementary School Rated A
  • Balcony
  • 4-minute walk to Guthrie Park

About This Home

As of July 2024

This well-maintained and updated brick 4-unit property presents a great opportunity for either owner occupancy or investment purposes. Three units with two bedrooms and one bathroom, along with a kitchen, living room, and separate dining area. Additionally, one unit features a living room, one bedroom, one bathroom, and a kitchen. The second-floor units boast balconies, while the first-floor units offer patios. A 3-car attached garage & 1 exterior parking space is included in the rents. Currently, all units are occupied, and the property is conveniently located just one block away from downtown, the train station, and schools.

Last Agent to Sell the Property

Dawn McKenna

Coldwell Banker Realty License #475122904 Listed on: 05/14/2024

Coldwell Banker Realty

Last Buyer's Agent

Matt Halper

Process Driven Real Estate License #471021803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,607

Year Built

  • Built in 1960

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Patio

Lot Details

  • Lot Dimensions are 50 x 130
  • Corner Lot
  • Paved or Partially Paved Lot

Schools

  • Riverside Brookfield Twp Senior High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,760
  • Maintenance Expense $3,142
  • Trash Expense $669
  • Gross Income $83,400
  • Net Operating Income $46,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,607

Year Built

Built in 1960

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors,Oven/Built-in
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • OtherStructures: None
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Assigned, Off Street
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 669
  • Other Expenses $: 22539

Schools

  • High School: Riverside Brookfield Twp Senior

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 46916
  • Insurance Expense: 2760
  • GrossIncome: 83400
  • Maintenance Expense: 3142
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 10606.91
  • Tax Year: 2022
  • Tax Exemptions: None

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
May 14, 2024
Closed on
Jun 27, 2024
Sold by
Bought by
Seller's Agent
Dawn McKenna
Coldwell Banker Realty
Buyer's Agent
Matt Halper
Process Driven Real Estate
List Price
$799,000
Sold Price
$850,000
Premium/Discount to List
$51,000
6.38%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
0.0703%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jun 8, 2019
Sold by
Bought by
Seller's Agent
Joan Wiaduck
Gaslight Realty
Buyer's Agent
Nick Fournier
Scout Real Estate Group
List Price
$625,000
Sold Price
$575,000
Premium/Discount to List
-$50,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$431,250
Interest Rate
0.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2007
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
$117,600
Interest Rate
0.0647%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2005
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
$70,680
Interest Rate
0.064%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$850,000 Chicago Title
$575,000 Chicago Title Insurance
$147,000 None Available
$114,000 Cti
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
Open $502,500
Previous Owner $431,250
Previous Owner $117,600
Previous Owner $70,680
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
07/08/2024 07/08/24 Sold $850,000 +6.4% --
05/22/2024 05/22/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $799,000 +39.0% --
06/12/2019 06/12/19 Sold $575,000 -8.0% -- View Prior Sale
04/22/2019 04/22/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $625,000 -- --
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 $19,416 $60,693 $6,807 $53,886
2024 $19,416 $60,693 $6,807 $53,886
2023 $20,071 $60,693 $6,807 $53,886
2022 $20,071 $52,401 $5,977 $46,424
2021 $19,285 $52,400 $5,976 $46,424
2020 $18,654 $52,400 $5,976 $46,424
2019 $18,267 $51,902 $5,478 $46,424
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12056332

Midwest Real Estate Data (MRED)
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