NOT LISTED FOR SALE
9 Beds
5 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold May 24, 2021

Last sale price $800,000

12 Days on Market

Highlights

  • New Construction
  • Property is near a park
  • Forced Air Heating System
  • Gated Community
  • Tennis Courts
  • 1-minute walk to Mamie Till-Mobley Park

About This Home

As of May 2021

This is an attention grabbing modern new construction 3 Flat building. Each unit is unique with its own custom layout. All 3 floors consist of three bedrooms, 42" espresso cabinetry, granite counter tops, stainless steel appliances, gas forced air, central air, individual heat and hot water, washer and dryer, decks, and assigned parking. This is the lowest maintenance building you will ever own. If interested in value centric investment property this exceptional new construction building is for you. Come see this multi unit development immediately and learn to make your money grow. Special finance programs with Guaranteed Rate Affinity for qualified buyers. Additional custom build new construction units available at locations: 6620-6622 S University.

Last Agent to Sell the Property

Paulette Edwards

Coldwell Banker Realty License #471011238 Listed on: 04/19/2021

Coldwell Banker Realty

Co-Listed By

Sybil Martin

Coldwell Banker Realty License #471008659

Last Buyer's Agent

Fadya Kashkeesh

HomeSmart Realty Group License #475165998

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $460

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30x150
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Sump Pump

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Location

  • Property is near a park

Utilities

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

Community Details

Overview

  • 3 Units
  • 3 Flat

Recreation

  • Tennis Courts

Building Details

  • Electric Expense $240
  • Insurance Expense $1,200
  • Professional Management Expense $1,800
  • Water Sewer Expense $1,350
  • Gross Income $67,800
  • Net Operating Income $51,410

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$460

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: Yes
  • Professional Management Expense: 1800
  • Year Built: 2021
  • Age: NEW Ready for Occupancy
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • Existing Basement/Foundation: No
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 835000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley, Off Street
  • 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

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1350
  • Other Expenses $: 11500
  • Trash Expense Year: 2020

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.04
  • Lot Dimensions: 30X150
  • 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: 51410
  • Insurance Expense: 1200
  • ElectricExpense: 240
  • GrossIncome: 67800
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 460.32
  • Tax Year: 2019

Range of Values:

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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 Change Sq Ft Price
05/24/2021 05/24/21 Sold $800,000 -4.2% --
05/01/2021 05/01/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $835,000 -- --
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: 11058938

Midwest Real Estate Data (MRED)