NOT LISTED FOR SALE
12 Beds
6 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold December 12, 2018

Last sale price $375,000

9 Days on Market

About This Home

As of December 2018

VALUE ADD IN HOT WOODLAWN. FEATURING 6 LARGE 2BD 1 BATH UNITS WITH 3 UNITS CURRENTLY OCCUPIED RENTING FOR $850, $976, AND $1,050 THERE ARE 3 UNFINISHED UNITS. INCOME AND EXPENSES ARE PRO FORMA CONSERVATIVELY BASED ON $7,200 MONTHLY INCOME.MUCH OF THE WORK HAS BEEN COMPLETED SELLER HAS UPDATED GAS LINES, ELECTRICAL AND PLUMBING WITH PLANS AND PERMITS.CONTRACTORS ESTIMATED BID TO FINISH REMAINING UNITS IS BETWEEN $60,000 AND $80,000 DEPENDING ON FINISHES. SELLER IS MOTIVATED

Last Agent to Sell the Property

Michael Tolliver

Atlas Asset Management Realty LLC License #471012301 Listed on: 10/10/2018

Last Buyer's Agent

Michael Tolliver

Atlas Asset Management Realty LLC License #471012301 Listed on: 10/10/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • 1906

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $7,200
  • Insurance Expense $3,200

Listing and Financial Details

  • Tenant pays for electric
  • $5 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1906

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 48496
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 6000
  • Roof Structure: Flat
  • Scavenger Expense: 1600
  • Total Annual Exp: 34504
  • Total Annual Income: 84000
  • Total Monthly Income: 7200
  • Number of Ranges: 3
  • Number Of Refrigs: 3
  • Number Of Stories: 3
  • Estimated Year Built: 1906
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1906

Interior Features

  • Basement: Unfinished

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Acreage: 0.14
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Central Bldg Heat, Gas, Radiators, Radiant
  • Water Expense: 5000

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 500
  • Electrical Service: Circuit Breakers, 0-100 Amps
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 50X125
  • Lot Sq Ft: 6250
  • Land Amenities: Curbs and Gutters, Sidewalks
  • Parcel Identification Number: 20231160020000

Rental Info

  • Gross Rental Income: 84000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Fuel Expense: 7200
  • Insurance Expense: 3200
  • Other Expenses: 5000
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 4804

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
12/12/2018 12/12/18 Sold $375,000 -16.7% --
10/19/2018 10/19/18 Pending -- -- --
10/10/2018 10/10/18 For Sale $450,000 -- --
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: MRD10108813

Midwest Real Estate Data (MRED)

APN: 20231160020000