NOT LISTED FOR SALE
4 Beds
3 Baths
-- Sq Ft
1955 Built

Sale Details

Date Sold: June 4, 2024

Last sale price $650,000

96 Days on Market

Highlights

  • Georgian Architecture
  • Forced Air Heating System
  • 2-minute walk to Legion Park
  • Patio

About This Home

As of June 2024

Beautiful 2-Unit building situated along Peterson Park! Both units are rented out and show extremely well! The 1st floor unit was just rehabbed and shows like a model! Separate heat and central air conditioning in each unit. Spacious 2 bedroom, 1 bath floorplans with hardwood floors. Full basement is finished with extra space to enjoy! Newer tear off roof, mechanicals new within last 6 years. Great location!! Buy today and earn great rental income! The 2nd floor rent is below market, so potential for substantially more income! No garage - property line/yard backs up all the way to the alley therefore a parking pad or garage is possible.

Last Agent to Sell the Property

Amy Adorno Burley

Executive Realty Group LLC License #475138189 Listed on: 01/19/2024

Executive Realty Group LLC

Co-Listed By

Joseph Burley

Executive Realty Group LLC License #475160269

Last Buyer's Agent

Mariana Dragomir

City Habitat Realty LLC License #475210623

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,930

Year Built

  • Built in 1955

Home Design

  • Georgian Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio
  • Lot Dimensions are 38 x 120

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $240
  • Insurance Expense $1,056
  • Water Sewer Expense $528
  • Gross Income $51,000
  • Net Operating Income $36,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,930

Year Built

Built in 1955

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Georgian
  • New Construction: No
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 528
  • Trash Expense Year: 528

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 38 X 120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: No

Multi Family

  • Net Operating Income: 36718
  • Insurance Expense: 1056
  • ElectricExpense: 240
  • GrossIncome: 51000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 11930.38
  • Tax Year: 2022
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
06/04/2024 06/04/24 Sold $650,000 -5.8% --
04/25/2024 04/25/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $689,900 -2.8% --
01/19/2024 01/19/24 For Sale $709,900 -- --
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 $11,567 $51,000 $17,775 $33,225
2024 $11,567 $51,000 $17,775 $33,225
2023 $11,930 $54,822 $14,405 $40,417
2022 $11,930 $58,000 $14,400 $43,600
2021 $11,664 $58,004 $14,404 $43,600
2020 $7,332 $32,913 $8,550 $24,363
2019 $7,515 $37,402 $8,550 $28,852
2018 $7,388 $37,402 $8,550 $28,852
2017 $7,244 $33,649 $7,650 $25,999
2016 $6,740 $33,649 $7,650 $25,999
2015 $6,388 $34,859 $7,650 $27,209
2014 $4,685 $25,253 $6,750 $18,503
2013 $5,413 $29,760 $6,750 $23,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11964157

Midwest Real Estate Data (MRED)
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