NOT LISTED FOR SALE

Estimated Value: $517,000 - $576,402

7 Beds
3 Baths
1,300 Sq Ft
$426/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $407,000 $313 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,430/month

16 Days on Market

Highlights

  • Lower Floor Utility Room
  • Enclosed Patio or Porch
  • Ceiling Fan
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of June 2019

A spacious 3-bed 1-bath second floor unit with lots of windows.

Hardwood floor and stainless steel kitchen appliances.

Central A/C and heating system.

Includes 1 parking spot.


first month rent $2000+ 1 month deposit $2000

Last Agent to Sell the Property

Mario Greco

Compass License #475105845 Listed on: 05/06/2019

Compass

Co-Listed By

John Dasdelen

Compass License #475124366

Last Buyer's Agent

John Li

Mark Allen Realty ERA Powered License #475167523

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,957

Year Renovated

  • 2014

Lot Details

  • Lot Dimensions are 31x108
  • Fenced Yard

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Steinmetz Academic Centre Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,900
  • Water Sewer Expense $1,500
  • Net Operating Income $36,843

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,957

Year Renovated

2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch, Utility Room-Lower Level
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 424500
  • Lot Features: Fenced Yard
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 1500

Schools

  • High School: STEINMETZ ACADEMIC CENTRE SENIOR
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 31X108
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 36843
  • Insurance Expense: 2900
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 7957
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Jun 28, 2019
Sold by
Ramirez Ariel
Bought by
Khatibeghdami Mahsa
Seller's Agent
Mario Greco
Compass
Buyer's Agent
John Li
Mark Allen Realty ERA Powered
List Price
$424,500
Sold Price
$407,000
Premium/Discount to List
-$17,500
-4.12%
Current Estimated Value
$554,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,134
Avg. Annual Appreciation
5.02%
Original Mortgage
$399,628
Outstanding Balance
$354,842
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$199,292

Purchase Details

Closed on
Jul 14, 2014
Sold by
Cf Il Reo Llc
Bought by
Ramirez Ariel

Purchase Details

Closed on
Sep 6, 2013
Sold by
Kapan Taner
Bought by
Cf Il Reo Llc

Purchase Details

Closed on
Sep 15, 2009
Sold by
Schaer J Brian and Schaer Brian
Bought by
Kapan Taner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,953,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2008
Sold by
Kapan Taner
Bought by
Schaer Brian

Purchase Details

Closed on
Feb 20, 2001
Sold by
Degante Carlos F and Degante Ramona G
Bought by
Kapan Taner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,500
Interest Rate
8.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Khatibeghdami Mahsa $407,000 Attorney
Ramirez Ariel $405,000 Attorneys Title Guaranty Fun
Cf Il Reo Llc -- None Available
Kapan Taner $227,500 Ticor Title Insurance
Schaer Brian $227,500 Cti
Kapan Taner $230,000 --
Kapan Taner $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khatibeghdami Mahsa $399,628
Previous Owner Kapan Taner $1,953,000
Previous Owner Kapan Taner $390,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2024 08/15/24 For Rent $2,000 0.0% --
06/28/2019 06/28/19 Sold $407,000 -4.1% $313 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $424,500 -- $327 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $5,908 $44,000 $6,194 $37,806
2023 $5,759 $28,000 $5,022 $22,978
2022 $5,759 $28,000 $5,022 $22,978
2021 $5,631 $28,000 $5,022 $22,978
2020 $6,688 $30,023 $3,682 $26,341
2019 $7,014 $34,911 $3,682 $31,229
2018 $6,896 $34,911 $3,682 $31,229
2017 $7,957 $36,964 $3,348 $33,616
2016 $7,403 $36,964 $3,348 $33,616
2015 $6,773 $36,964 $3,348 $33,616
2014 $5,376 $28,973 $3,013 $25,960
2013 $5,269 $28,973 $3,013 $25,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10368575

Midwest Real Estate Data (MRED)

APN: 13-29-428-037-0000