NOT LISTED FOR SALE
9 Beds
3 Baths
-- Sq Ft
2005 Built

Sale Details

Date Sold: July 12, 2021

Last sale price $255,000

3 Days on Market

About This Home

As of July 2021

This property is a perfect money making machine for investors or for someone who wants to rent out 2 units and live in the 3rd for "Free." This legal 3 flat is rare find for the area and was built in 2006. Full brick exterior and iron railings and stairs in the front and back. All 3 unit have 3 bedrooms 1 bathroom with a in unit laundry hook up. 1st floor and 2nd floor are both occupied by section 8 tenants. 3rd floor is currently empty but ready to be rented or lived in. 1st floor is currently paying $1150 and 2nd floor is currently paying $985. Section 8 would pay $1300 with a 3 bedroom voucher. Current owner accepted a 2 bedroom voucher on the 1st floor and and 1 bedroom voucher on the 2nd floor. There is plenty of opportunity to maximize the return on your investment here.

Last Agent to Sell the Property

Ed Abed

HomeSmart Realty Group License #475166418 Listed on: 04/26/2021

HomeSmart Realty Group

Last Buyer's Agent

Warren DeVries

The Wallace Real Estate Group, INC. License #475138377

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,589

Year Built

  • Built in 2005

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Unassigned Parking

Lot Details

  • Lot Dimensions are 25x125

Utilities

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,589

Year Built

Built in 2005

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Condo
  • New Construction: No
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Block

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 1500

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Insurance Expense: 1200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3589.07
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jul 12, 2021
Sold by
Bought by
Seller's Agent
Ed Abed
HomeSmart Realty Group
Buyer's Agent
Warren DeVries
The Wallace Real Estate Group, INC.
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
2.99%
Mortgage Type
VA

Purchase Details

Closed on
Nov 7, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 20, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.37%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$255,000 Greater Illinois Title
-- None Available
-- None Available
$61,500 Atgf Inc
-- Premier Title
$350,000 Cti
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $255,000
Previous Owner $280,000
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
07/12/2021 07/12/21 Sold $255,000 +2.0% --
04/30/2021 04/30/21 For Sale -- -- --
04/29/2021 04/29/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $249,900 -- --
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 $3,587 $25,001 $938 $24,063
2024 $3,587 $25,001 $938 $24,063
2023 $3,496 $17,000 $2,031 $14,969
2022 $3,496 $17,000 $2,031 $14,969
2021 $3,418 $16,999 $2,031 $14,968
2020 $3,462 $15,541 $2,031 $13,510
2019 $3,589 $17,864 $2,031 $15,833
2018 $3,529 $17,864 $2,031 $15,833
2017 $4,802 $22,305 $1,875 $20,430
2016 $4,467 $22,305 $1,875 $20,430
2015 $4,087 $22,305 $1,875 $20,430
2014 $3,320 $17,894 $1,718 $16,176
2013 $3,254 $17,894 $1,718 $16,176
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11067295

Midwest Real Estate Data (MRED)
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