NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
1960 Built

Sale Details

Date Sold: May 23, 2018

Last sale price $250,000

14 Days on Market

Highlights

  • Lower Floor Utility Room
  • Patio
  • Baseboard Heating
  • Fenced Yard
  • Ceiling Fan

About This Home

As of May 2018

Excellent Gage Park multifamily investment opportunity. CAP is 10.5% with below market rents. This fully occupied, well-maintained, brick three-unit sits on a double lot. The first and second floor apartments both have 3 bedrooms and 1 bath. The garden unit has 2 bedrooms and 1 bath. This building offers a basement laundry room with a coin operated washer and dryer for the convenience of the tenants. Tenants pay electric and cooking gas. Great income, low expenses. 24 hour notice is requires before showing. Run your numbers and give me a call.

Last Agent to Sell the Property

Les Robinson

Baird & Warner License #475113684 Listed on: 03/09/2018

Baird & Warner

Last Buyer's Agent

Jose Martinez

RE/MAX Mi Casa License #471019209

RE/MAX Mi Casa
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,295

Year Built

  • Built in 1960

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio

Lot Details

  • Lot Dimensions are 50 x 106
  • Fenced Yard

Utilities

  • Baseboard Heating
  • Radiant Heating System

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $36,780
  • Net Operating Income $25,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,295

Year Built

Built in 1960

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 51-60 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, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Radiant
  • Water Source: Public

Fee Information

  • Other Expenses $: 11455

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 106
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 25325
  • GrossIncome: 36780
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat,3 Story Unit/s

Tax Info

  • Tax Annual Amount: 3295
  • Tax Year: 2016
  • Tax Exemptions: None

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
$250,000 Baird & Warner Title Service
Kerr Michael $307,000 Atgf Inc
Jones Betty Ann -- --
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
Open $67,712
Open Rodriguez Jonathan $245,471
Previous Owner Kerr Michael $270,000
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
05/23/2018 05/23/18 Sold $250,000 +4.2% --
03/23/2018 03/23/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $240,000 -- --
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 $3,309 $20,000 $1,590 $18,410
2024 $3,309 $20,000 $1,590 $18,410
2023 $3,204 $19,000 $3,445 $15,555
2022 $3,204 $19,000 $3,445 $15,555
2021 $3,151 $19,000 $3,445 $15,555
2020 $2,398 $10,763 $3,445 $7,318
2019 $2,486 $12,372 $3,445 $8,927
2018 $2,444 $12,372 $3,445 $8,927
2017 $3,541 $16,450 $3,180 $13,270
2016 $3,295 $16,450 $3,180 $13,270
2015 $2,824 $16,450 $3,180 $13,270
2014 $2,517 $13,566 $2,915 $10,651
2013 $2,730 $15,008 $2,915 $12,093
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09879227

Midwest Real Estate Data (MRED)
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