$799,900
PENDING

Estimated payment $5,088/month

Total Views 1,238
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

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

About This Home

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.

Listing Agent

Bill Hoekstra

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

Compass

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
  • 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
  • Special Features: UnderContract
  • 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
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • Room: 5

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • List Price: 799900
  • 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
  • Middle/Junior School District: 58

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

Map

Range of Values:

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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 Change Sq Ft Price
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% --
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% --
03/11/2014 03/11/14 Pending -- -- --
04/08/2013 04/08/13 For Sale $399,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12387580

Midwest Real Estate Data (MRED)