NOT LISTED FOR SALE
8 Beds
7 Baths
-- Sq Ft
1951 Built

Last Sold September 13, 2018

Last sale price $605,000

36 Days on Market

About This Home

As of September 2018

Presenting your super solid, stabilized, professionally managed investment property in the heart of Peterson Park. This building was recently fully gutted, featuring updated, condo quality units that are all currently occupied through 2019 and producing high income. Boasting sun-lit, extra wide and spacious layouts, beautiful hardwood flooring throughout, stainless steel appliances and modern cabinetry. Each unit has central Air & Heat, W/D in unit and parking. 2016 Improvements include; New Copper Plumbing, New Electrical Service, New Water Heaters and Furnaces and extensive work done on roof in 2017. Units #1 & #2 are 3 bed 2.5 baths and Non-conforming garden is a 2 bed 2 bath. Grab this Gold mine while it lasts!

Last Agent to Sell the Property

Colin Hebson

Baird & Warner License #475143865 Listed on: 06/07/2018

Co-Listed By

Chaya Moscowitz

Jameson Sotheby's Intl Realty License #475172378

Last Buyer's Agent

Jim Kinney

Baird & Warner

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,471

Year Built

  • Built in 1951 | Remodeled in 2016

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 7 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 37x124

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $68,100
  • Net Operating Income $53,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,471

Year Built

Built in 1951 | Remodeled in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1951
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 14812

Lot Info

  • Lot Dimensions: 37X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 53288
  • GrossIncome: 68100
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 9471
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
09/13/2018 09/13/18 Sold $605,000 -6.9% --
07/13/2018 07/13/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $650,000 -- --
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: 09977648

Midwest Real Estate Data (MRED)