NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
1982 Built

Sale Details

Date Sold: May 24, 2024

Last sale price $690,000

4 Days on Market

About This Home

As of May 2024

**MULTIPLE OFFERS RECEIVED BEST AND FINAL DUE BY 1PM MONDAY APRIL 8th**. Excellent investment opportunity. Rarely available 4-unit building located in desirable Brookfield. 4- 2bdrm 1bth units. New roof, newer windows. tenants pay gas and electric. Separate boilers for each unit. LOW UTILITY BILLS. Spacious bedrooms. 8 parking spaces. 4 storage units. Speed queen coin laundry. Very large, light basement with egress and ingress open up extra possibilities for this building. The property has a great rental history and is located in Lyons Township School District. This one will not last long.

Last Agent to Sell the Property

David Kumskis

One Eighty Real Estate Group License #471012724 Listed on: 04/03/2024

Last Buyer's Agent

Yenni Solsol

Smart Home Realty License #471023066

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,168

Year Built

  • Built in 1982

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Included in Price

Schools

  • Lyons Twp High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $295
  • Fuel Expense $879
  • Insurance Expense $1,916
  • Trash Expense $1,538
  • Water Sewer Expense $2,813
  • Gross Income $68,700
  • Net Operating Income $48,091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,168

Year Built

Built in 1982

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1982
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • 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: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • OpenParkingSpaces: 8
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Trash Expense: 1538
  • Water Sewer Expenses: 2813
  • Trash Expense Year: 2023

Schools

  • High School: Lyons Twp High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 120X80 APPROX
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 48091
  • Fuel Expense: 879
  • Insurance Expense: 1916
  • ElectricExpense: 295
  • GrossIncome: 68700
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 13168
  • Tax Year: 2022

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
Apr 3, 2024
Closed on
May 13, 2024
Sold by
Bought by
Seller's Agent
David Kumskis
One Eighty Real Estate Group
Buyer's Agent
Yenni Solsol
Smart Home Realty
List Price
$674,000
Sold Price
$690,000
Premium/Discount to List
$16,000
2.37%
Views
82

Purchase Details

Closed on
Jul 29, 2020
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
$384,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
$690,000 Stewart Title
$480,000 Stewart Title
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 $384,000
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
05/24/2024 05/24/24 Sold $690,000 +2.4% --
04/08/2024 04/08/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $674,000 -- --
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 $15,652 $51,089 $6,560 $44,529
2024 $15,652 $51,089 $6,560 $44,529
2023 $13,168 $51,089 $6,560 $44,529
2022 $13,168 $36,582 $5,655 $30,927
2021 $12,592 $36,582 $5,655 $30,927
2020 $12,701 $36,582 $5,655 $30,927
2019 $10,901 $29,620 $5,202 $24,418
2018 $10,796 $30,524 $5,202 $25,322
2017 $11,083 $32,945 $5,202 $27,743
2016 $9,070 $25,044 $4,524 $20,520
2015 $9,845 $28,212 $4,524 $23,688
2014 $9,482 $28,212 $4,524 $23,688
2013 $11,568 $36,063 $4,524 $31,539
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12013915

Midwest Real Estate Data (MRED)
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