NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: January 31, 2019

Last sale price $525,000

136 Days on Market

About This Home

As of January 2019

The opportunity to purchase a Courtyard Brick Apartment Building with 4 large units and a 5th non-conforming unit on a large over-sized lot. Located on a beautiful quite neighborhood block, the building features a 3 Bed/1 Bath, 2 Bed/1 Bath, Two 1 Bed/1 Bath units, and 1 non-conforming 2 bed 1 bath garden unit. Large 1,000 SF + units with excellent layouts, eat in kitchens and separate dinning rooms. Extremely well maintained with a majority of the windows replaced, updated kitchens, baths, electric and plumbing. The exterior shares an enclosed courtyard with 4819 W Cornelia Ave. The common areas of the building are clean and the building features coin laundry, individual storage lockers, and 4 exterior parking spaces for additional income.

Last Agent to Sell the Property

David Miller

Redfin Corporation License #475168920 Listed on: 07/23/2018

Co-Listed By

Angelo Labriola

Sperry Van Ness License #475130926

Last Buyer's Agent

Kelly Angelopoulos

Jameson Sotheby's Intl Realty License #475161249

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,799

Year Built

  • Built in 1921

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 133' x 40'

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $62,424
  • Net Operating Income $30,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,799

Year Built

Built in 1921

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1921
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • 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: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Other Expenses $: 32344

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 133' X 40'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Other

Multi Family

  • Net Operating Income: 30080
  • GrossIncome: 62424
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 12799.2
  • Tax Year: 2017

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 23, 2018
Closed on
Jan 26, 2019
Sold by
Bought by
Seller's Agent
David Miller
Redfin Corporation
Buyer's Agent
Kelly Angelopoulos
Jameson Sotheby's Intl Realty
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 23, 2015
Closed on
Oct 18, 2015
Sold by
Bought by
Seller's Agent
Jerry Mustafa
Golden Arrow Realty Inc.
Buyer's Agent
Torrance Green
Baird & Warner Real Estate
List Price
$499,900
Sold Price
$488,500
Premium/Discount to List
-$11,400
-2.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.21%
Original Mortgage
$479,651
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2000
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
$292,500
Interest Rate
7.87%
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
$525,000 Attorney
$488,500 Chicago Title
$325,000 --
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
Closed $562,500
Closed $479,651
Previous Owner $292,500
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 Prior Sale
01/31/2019 01/31/19 Sold $525,000 -8.7% --
12/10/2018 12/10/18 For Sale $575,000 +9.5% --
12/06/2018 12/06/18 Pending -- -- --
12/05/2018 12/05/18 Off Market $525,000 -- --
10/30/2018 10/30/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $575,000 +9.5% --
08/02/2018 08/02/18 Pending -- -- --
08/01/2018 08/01/18 Off Market $525,000 -- --
07/23/2018 07/23/18 For Sale $575,000 +17.7% --
10/14/2015 10/14/15 Sold $488,500 -2.3% -- View Prior Sale
07/22/2015 07/22/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $499,900 -- --
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 $10,904 $73,522 $16,681 $56,841
2024 $10,904 $73,522 $16,681 $56,841
2023 $10,630 $51,654 $13,453 $38,201
2022 $10,630 $51,654 $13,453 $38,201
2021 $10,865 $53,999 $13,452 $40,547
2020 $10,181 $45,675 $7,802 $37,873
2019 $9,865 $52,500 $7,802 $44,698
2018 $9,698 $52,500 $7,802 $44,698
2017 $12,799 $62,799 $6,995 $55,804
2016 $12,085 $62,799 $6,995 $55,804
2015 $11,033 $62,799 $6,995 $55,804
2014 $7,958 $45,428 $6,457 $38,971
2013 $7,790 $45,428 $6,457 $38,971
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10027171

Midwest Real Estate Data (MRED)
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