NOT LISTED FOR SALE

Estimated Value: $450,000 - $638,000

6 Beds
3 Baths
1,798 Sq Ft
$296/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $275,000 $153 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,550/month

32 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Heating System Uses Steam
  • Enclosed Patio or Porch

About This Home

As of July 2016

Extra large brick 2 unit building with immediate cash flow. Both units are occupied by tenants. 1st floor unit has 3 bedrooms, 2 baths, separate living room and dining room. 2nd floor unit has 2 bedrooms, 1 bath, separate living room and dining room. Recently replaced roof (2016) and boiler (2016). Property is sold in as-is condition, 100% tax proration, no survey, no disclosures.

Last Agent to Sell the Property

Sarah Han

Baird & Warner License #475124770 Listed on: 04/07/2016

Last Buyer's Agent

Martha Lozano

RE/MAX City License #475142753

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,719

Year Built

  • Built in 1920

Lot Details

  • 3,485

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch
  • 3,485 Sq Ft Lot

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,719

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 284000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s)
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 3750
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4718.53
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2016
Sold by
Pnc Bank Na
Bought by
Barreto Johny F and Barreto Freddle V
Current Estimated Value
$531,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2015
Sold by
Vera
Bought by
Pnc Bank Na

Purchase Details

Closed on
May 13, 2009
Sold by
Vera Manwel and Ortiz Nieves G
Bought by
Vera Manwel M

Purchase Details

Closed on
Dec 15, 2004
Sold by
Ortiz Raul and Alvarado Bertha
Bought by
Nieves Vera Manuel and Nieves Vera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 7, 1998
Sold by
Ortiz Raul and Robles Manuel M
Bought by
Ortiz Raul and Alvarado Bertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.26%

Purchase Details

Closed on
Mar 11, 1996
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Ortiz Raul and Robles Manuel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Barreto Johny F $275,000 Premier Title
Pnc Bank Na -- None Available
Vera Manwel M -- None Available
Nieves Vera Manuel $430,000 Pntn
Ortiz Raul -- --
Ortiz Raul $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barreto Johny F $220,000
Previous Owner Vera Manuel M $386,500
Previous Owner Nieves Vera Manuel $387,000
Previous Owner Ortiz Raul $175,000
Previous Owner Ortiz Raul $64,600
Previous Owner Ortiz Raul $7,000
Previous Owner Ortiz Raul $147,000
Previous Owner Ortiz Raul $147,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2016 07/22/16 Sold $275,000 -3.2% $153 / Sq Ft
05/09/2016 05/09/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $284,000 -- $158 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $8,615 $47,000 $13,125 $33,875
2023 $8,376 $44,000 $10,500 $33,500
2022 $8,376 $44,000 $10,500 $33,500
2021 $8,877 $44,000 $10,500 $33,500
2020 $5,741 $25,681 $5,437 $20,244
2019 $5,817 $28,855 $5,437 $23,418
2018 $5,718 $28,855 $5,437 $23,418
2017 $6,534 $30,254 $4,875 $25,379
2016 $5,578 $30,254 $4,875 $25,379
2015 $5,081 $30,254 $4,875 $25,379
2014 $4,719 $27,907 $4,500 $23,407
2013 -- $27,907 $4,500 $23,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09189602

Midwest Real Estate Data (MRED)

APN: 13-14-104-051-0000