NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold May 08, 2024

Last sale price $555,000

27 Days on Market

Highlights

  • 0.25 Acre Lot
  • Colonial Architecture
  • 2 Car Detached Garage
  • William Howard Taft High School Rated A-
  • Fenced Yard
  • Brick Porch or Patio

About This Home

As of May 2024

Ideal location of Gladstone Park. 3 apartments with all separate utilities. First floor has 6 rooms 3 bedrooms, updated kitchen and bath. $1750. per month. Second floor has 2 bedrooms, large master with walk in closet. $1425. per month. Finished basement non-conforming in-law apartment with living room kitchen bedroom and 1 bath $1000. per month. Utility room and laundry room also in basement. Hardwood floors throughout most of the building. Tenants pay all utilities. Nice yard and 2.5 car garage rents for $250. is month to month. Laundry about $75. month. Gross income $4500 a month $54000. a year. Expenses $13392. Net income $40,303. a year. or 6.7% return. Great location near schools, transportation and shopping. Property temp off market showings resume Tuesday 2/27 with minimum 48 hopur notice. Thank you.

Last Agent to Sell the Property

Matthew Mika

Compass License #471001481 Listed on: 01/29/2024

Compass

Co-Listed By

Norbert Mika

Compass License #471001355

Last Buyer's Agent

Rosy Beltran

RE/MAX Premier License #475140646

RE/MAX Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,821

Year Built

  • Built in 1921

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 124 x 30
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Hitch Elementary School
  • Taft High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Brick Porch or Patio

Community Details

Overview

  • 3 Units
  • Dutch Colonial

Building Details

  • Fuel Expense $600
  • Insurance Expense $2,304
  • Water Sewer Expense $2,676
  • Gross Income $10,032
  • Net Operating Income $4,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,821

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Year Built: 1921
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio, Porch, Brick Paver Patio, Storms/Screens
  • Foundation Details: Block, Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame,Concrete

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2676

Schools

  • Elementary School: Hitch Elementary School
  • High School: Taft High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 124 X 30
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 4425
  • Fuel Expense: 600
  • Insurance Expense: 2304
  • GrossIncome: 10032
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7821
  • Tax Year: 2022

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 List to Sale Price per Sq Ft Prior Sale
05/08/2024 05/08/24 Sold $555,000 0.0% --
02/26/2024 02/26/24 Pending -- -- --
02/19/2024 02/19/24 Off Market $555,000 -- --
01/29/2024 01/29/24 For Sale $549,999 +59.4% --
02/24/2017 02/24/17 Sold $345,000 -2.8% -- View Prior Sale
12/16/2016 12/16/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $355,000 0.0% --
11/30/2016 11/30/16 Pending -- -- --
11/25/2016 11/25/16 Price Changed $355,000 -5.3% --
09/23/2016 09/23/16 For Sale $374,900 -- --
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: 11966476

Midwest Real Estate Data (MRED)