NOT LISTED FOR SALE
11 Beds
6 Baths
900 Sq Ft
1972 Built

Sale Details

Date Sold: January 28, 2022

Last sale price $662,500 $736 Per Sq Ft

8 Days on Market

About This Home

As of January 2022

Very rare investment opportunity in Brookfield!Part of exquisite property portfolio now listed in Brookfield (4508 Grove Ave,4509 Grove Ave,4605 Grove ave and 4509 Grove Ave)!!!Rents are way below market($800,$900,$1050,$1100,$1100 and $1150!Long term tenants!!!Building is fully occupied!Sold AS-IS!

Last Agent to Sell the Property

Milena Cobic

Kale Realty License #475189357 Listed on: 10/12/2021

Kale Realty

Last Buyer's Agent

Chris Knollin

Realty Executives Elite License #471019537

Realty Executives Elite
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,992

Year Built

  • Built in 1972

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50 x 125

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $700
  • Fuel Expense $2,288
  • Insurance Expense $3,792
  • Maintenance Expense $4,647
  • Other Expense $1,110
  • Trash Expense $1,296
  • Water Sewer Expense $2,028
  • Operating Expense $26,802
  • Gross Income $73,200
  • Net Operating Income $46,398

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,992

Year Built

Built in 1972

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1296
  • Water Sewer Expenses: 2028

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 46398
  • Fuel Expense: 2288
  • Insurance Expense: 3792
  • ElectricExpense: 700
  • GrossIncome: 73200
  • Maintenance Expense: 4647
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26802
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 14992
  • Tax Year: 2020

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 12, 2021
Closed on
Feb 3, 2022
Sold by
Midland Federal Savings & Loan Assn
Bought by
Seller's Agent
Milena Cobic
Kale Realty
Buyer's Agent
Chris Knollin
Realty Executives Elite
List Price
$750,000
Sold Price
$662,500
Premium/Discount to List
-$87,500
-11.67%

Purchase Details

Closed on
Feb 25, 2021
Sold by
Tawfik Tawfik M M
Bought by
Gulfco Ltd

Purchase Details

Closed on
Apr 7, 2011
Sold by
Tawfik Tawfik M M
Bought by
Midland Federal Savings & Loan Associati and Trust #1418

Purchase Details

Closed on
Aug 12, 2010
Sold by
Land Holding Llc
Bought by
Tawfik Tawfik Mohamed Mohamed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2010
Sold by
Lopez Jose
Bought by
Land Holdings Llc

Purchase Details

Closed on
Nov 23, 2004
Sold by
Potsek Steven G
Bought by
Lopez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2004
Sold by
Scigouski George and Birkenmeyer Steven
Bought by
Potsek Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.37%
Mortgage Type
Commercial
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
-- --
Three Green Vegetables Llc -- --
Gulfco Ltd -- Attorney
Midland Federal Savings & Loan Associati -- None Available
Tawfik Tawfik Mohamed Mohamed $395,000 Cti
Land Holdings Llc -- None Available
Lopez Jose $630,000 Git
Potsek Steven G $550,000 First American 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 $245,000
Previous Owner Lopez Jose $665,000
Previous Owner Potsek Steven G $500,000
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
01/28/2022 01/28/22 Sold $662,500 -11.7% $736 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $750,000 0.0% $833 / Sq Ft
02/23/2016 02/23/16 Rented $1,100 0.0% --
01/27/2016 01/27/16 For Rent $1,100 -- --
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 $16,220 $52,942 $7,984 $44,958
2024 $16,220 $52,942 $7,984 $44,958
2023 $15,544 $52,942 $7,984 $44,958
2022 $15,544 $43,182 $6,883 $36,299
2021 $14,863 $43,182 $6,883 $36,299
2020 $14,992 $43,182 $6,883 $36,299
2019 $12,666 $34,415 $6,332 $28,083
2018 $12,173 $34,415 $6,332 $28,083
2017 $11,578 $34,415 $6,332 $28,083
2016 $10,681 $29,495 $5,506 $23,989
2015 $11,472 $32,876 $5,506 $27,370
2014 $11,050 $32,876 $5,506 $27,370
2013 $10,257 $31,976 $5,506 $26,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11244237

Midwest Real Estate Data (MRED)
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