NOT LISTED FOR SALE
9 Beds
8 Baths
-- Sq Ft
1928 Built

Last Sold January 17, 2020

Last sale price $442,000

282 Days on Market

About This Home

As of January 2020

CASH COW! 10+ CAP MULTI-FAMILY BUILDING. 8 units, 4000 square foot building. Seven 1-bed apartments and one 2-bed apartment with long term tenants. Freshly painted 2 bed apartment was recently renovated to include granite countertops and new appliances -- PERFECT TO USE AS AN OWNERS UNIT! Adjacent parking lot for 9 cars which can be rented or sold separately. The well maintained building has been improved with individual tenant heating and newer 400 amp electrical service with 100 amp circuit panels. Windows replaced in 2009. Brand new boiler (2019). Deep sump pump and flood control gate installed (2010). Newer water heater (2013). On-site laundry with new washer/dryer (2018) generates additional income. Low operating expenses and taxes!

Last Agent to Sell the Property

Lauren Bergiel

Baird & Warner License #475125080 Listed on: 03/11/2019

Baird & Warner

Co-Listed By

Patricia Paulido

Baird & Warner License #475146893

Last Buyer's Agent

Uriel Ayala

RE/MAX Mi Casa License #475142841

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $1,080
  • Insurance Expense $3,000

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Zoning Type: COMMR
  • Estimated Age: New Rehab
  • Net Operating Income Year: 2018
  • Net Oper Income: 50037
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 3000
  • Scavenger Expense: 1440
  • Total Annual Exp: 18363
  • Total Annual Income: 68400
  • Total Monthly Income: 5700
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 2
  • Estimated Year Built: 1928
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1928

Exterior Features

  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 9

Utilities

  • Heatventilation: Central Heat/Indiv Controls, Electric
  • Water Expense: 1800

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 540
  • Electrical Service: Circuit Breakers, 201-600 Amps

Lot Info

  • Lot Dimensions: 6250
  • Lot Sq Ft: 6250
  • Parcel Identification Number: 19202140470000

Rental Info

  • Gross Rental Income: 68100
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2018
  • Fuel Expense: 1080
  • Insurance Expense: 3000
  • Other Expenses: 1500
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 6003

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
01/17/2020 01/17/20 Sold $442,000 -5.9% --
12/18/2019 12/18/19 Pending -- -- --
11/04/2019 11/04/19 Price Changed $469,900 -1.9% --
08/09/2019 08/09/19 Price Changed $479,000 -2.0% --
06/07/2019 06/07/19 Price Changed $489,000 -2.2% --
03/11/2019 03/11/19 For Sale $499,900 -- --
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: MRD10303738

Midwest Real Estate Data (MRED)