NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: September 8, 2021

Last sale price $537,500

6 Days on Market

Highlights

  • Lower Floor Utility Room
  • Balcony
  • Porch
  • Lyons Township High School Rated A+
  • 2 Car Detached Garage
  • Entrance Foyer

About This Home

As of September 2021

Great investment opportunity 4-unit solid brick building with current occupancy at 100%. Located in Lyons Township High School District. One 3 bedroom unit, Two 2 bedrooms units, and One 1 bedroom unit. Current owner Installed all new windows, carpet, granite countertops/sink/faucets, plus All new appliances (roughly 2018). Newer Coin operated washer and dryer (roughly 2018) for extra income.Recently added new life proof flooring in unit 2N. Basement has storage space for each unit. Property also has a two car garage and 3 exterior parking spaces in rear. Near by access to I-294 Tollway and I-55 Stevenson Expressway.

Last Agent to Sell the Property

Diane Pavini

Village Realty, Inc. License #475129681 Listed on: 07/20/2021

Village Realty, Inc.

Last Buyer's Agent

Alexis Romero

Baird & Warner License #475194790

Baird & Warner
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,272

Year Built

  • Built in 1974

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 53x133

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Entrance Foyer
  • Lower Floor Utility Room
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Balcony
  • Porch

Schools

  • Lincoln Elementary School
  • Washington Middle School
  • Lyons Twp High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water
  • Cable TV Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,272

Year Built

Built in 1974

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1974
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Other Equipment: Sump Pump
  • Room Type: Foyer, Utility Room-Lower Level
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Balcony, Porch, Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Driveway
  • ParkingTotal: 5
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan, Public

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Lyons Twp High School
  • Middle/Junior School: Washington Middle School

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 53X133
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 12271.52
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

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
Jul 20, 2021
Closed on
Sep 1, 2021
Sold by
Bought by
Seller's Agent
Diane Pavini
Village Realty, Inc.
Buyer's Agent
Alexis Romero
Baird & Warner
List Price
$525,000
Sold Price
$537,500
Premium/Discount to List
$12,500
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,125
Outstanding Balance
$366,708
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 2017
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
$325,000
Interest Rate
3.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 5, 2017
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
$325,000
Interest Rate
3.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 10, 1999
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
$247,500
Interest Rate
10%
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
$537,500 Attorney
-- Attorney
$400,000 Liberty Title & Escrow Co
$309,000 Attorneys Title Guaranty Fun
-- --
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 $403,125
Closed $325,000
Previous Owner $247,500
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
09/08/2021 09/08/21 Sold $537,500 +2.4% --
07/27/2021 07/27/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $525,000 -- --
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 $15,624 $51,000 $5,062 $45,938
2024 $15,624 $51,000 $5,062 $45,938
2023 $14,729 $51,000 $5,062 $45,938
2022 $14,729 $40,920 $4,364 $36,556
2021 $14,623 $42,484 $4,363 $38,121
2020 $14,750 $42,484 $4,363 $38,121
2019 $12,272 $33,344 $4,014 $29,330
2018 $14,133 $39,957 $4,014 $35,943
2017 $13,442 $39,957 $4,014 $35,943
2016 $12,351 $34,106 $3,491 $30,615
2015 $11,902 $34,106 $3,491 $30,615
2014 $11,463 $34,106 $3,491 $30,615
2013 $10,695 $33,340 $3,491 $29,849
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11161687

Midwest Real Estate Data (MRED)
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