$285,000
SOLD OCT 23, 2024
6 Beds
3 Baths
2,713 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$105 Per Sq Ft

17% Below List Price

6 Days on Market

Highlights

  • Contemporary Architecture
  • Patio
  • Ceiling Fan
  • 2 Car Detached Garage
  • Entrance Foyer

About This Home

As of March 2025

**Investment Opportunity: Multi-Unit Building in Prime Location** Discover a promising investment opportunity in a sought-after neighborhood! This multi-unit building features 3 spacious apartments, each offering its own unique potential. While the building itself presents significant potential, it is important to note that it is in need of a cosmetic renovations. This property is being sold *AS-IS*, providing a blank canvas for the discerning investor or buyer ready to take on a transformative project. Located in a vibrant area known for its strong rental demand, this building is surrounded by local amenities, parks, and public transportation, making it an attractive option for future tenants. The potential for increased value and rental income is substantial once renovations are completed. In addition to the apartments, the property includes a two-car garage situated at the back, adding further convenience and potential for additional rental income. Owner is eager to sell, presenting an excellent opportunity for an investor looking to revitalize this property and tap into the lucrative rental market. Don't miss out on this chance to turn a diamond in the rough into a thriving multi-unit investment! Contact us today to learn more and schedule a viewing.

Last Agent to Sell the Property

Andre Carter

RE/MAX Premier License #475193494 Listed on: 08/22/2024

RE/MAX Premier

Last Buyer's Agent

Karla Mina

MPower Residential Brokerage LLC License #471006190

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,806

Year Built

  • Built in 1945

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Patio
  • 3,920 Sq Ft Lot

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,806

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Year Built: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Foyer
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 345000
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 4340
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7806.42
  • Tax Year: 2023

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,2 Story Unit/s

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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
03/31/2025 03/31/25 Sold $530,000 +6.2% $195 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $499,000 +75.1% $184 / Sq Ft
10/23/2024 10/23/24 Sold $285,000 -17.4% $105 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $345,000 -- $127 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12144757

Midwest Real Estate Data (MRED)

APN: 16161130440000