$780,000
SOLD SEP 11, 2025
8 Beds
4 Baths
-- Sq Ft
0.32 Acres

Recently Sold

2% Below List Price

5 Days on Market

Highlights

  • Balcony
  • Home Security System
  • Heating System Uses Steam
  • El Sierra Elementary School Rated A-
  • Ceiling Fan

About This Home

As of September 2025

Amazing Investment Opportunity! Fully Rented 4 Unit Apt Bldg. Each Unit is 2bed/1bath with identical layout. All the units have been Completely Updated and are in great shape. Newer Windows & 8 New Sliding Glass Doors. There is a 2-1/2 Car Garage Providing Additional Monthly Income. Coin laundry with access from units back door also provides additional monthly income. Units, building, and garage are all in excellent condition with zero maintenance due. Definitely, a buy and let it run property. Best is that rental income will increase as this building has great potential.

Last Agent to Sell the Property

Bill Hoekstra

Compass License #475156387 Listed on: 06/28/2025

Compass

Last Buyer's Agent

Olga Kocherlk

Coldwell Banker Realty License #475173147

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,494

Year Built

  • Built in 1976

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 135x105

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Home Security System

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • South High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $79,800
  • Net Operating Income $57,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,494

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: Security System, Ceiling Fan(s)
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Driveway, On Site, Owned
  • ParkingTotal: 8

Utilities

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

Schools

  • High School: South High School

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 135X105
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 57300
  • GrossIncome: 79800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8494
  • Tax Year: 2023

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2025 09/11/25 Sold $780,000 -2.5% --
07/03/2025 07/03/25 Pending -- -- --
06/28/2025 06/28/25 Price Changed $799,900 0.0% --
06/28/2025 06/28/25 For Sale $799,900 +90.5% --
03/18/2016 03/18/16 Sold $420,000 0.0% -- View Prior Sale
02/23/2016 02/23/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $419,999 +29.2% --
04/25/2014 04/25/14 Sold $325,000 -18.5% -- View Prior Sale
03/11/2014 03/11/14 Pending -- -- --
04/08/2013 04/08/13 For Sale $399,000 -- --
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 $8,894 $147,103 $74,471 $72,632
2023 $8,494 $135,230 $68,460 $66,770
2022 $7,772 $125,210 $63,390 $61,820
2021 $7,236 $123,790 $62,670 $61,120
2020 $7,111 $121,340 $61,430 $59,910
2019 $6,914 $116,420 $58,940 $57,480
2018 $6,483 $107,140 $54,240 $52,900
2017 $6,278 $103,090 $52,190 $50,900
2016 $6,178 $98,390 $49,810 $48,580
2015 $6,120 $92,560 $46,860 $45,700
2014 $6,652 $97,950 $34,020 $63,930
2013 $6,163 $97,490 $33,860 $63,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12387580

Midwest Real Estate Data (MRED)