NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1925 Built

Last Sold July 31, 2023

Last sale price $755,000

17 Days on Market

About This Home

As of July 2023

Excellent JUMBO well-maintained brick 3-flat in the heart of West Ridge! Income producing with below market rents. Each unit in building has 2 bedrooms + 1 tandem bedroom along with 1 bathroom. Tons of living room and dining room space. Large windows throughout for natural sunlight in each unit. Hardwood floors on every floor. Family owned for the last 33 years! Lovely private outdoor space next to freshly painted 3-car garage rented for extra income. Extra outdoor exterior parking space next to garage as well. Common area in basement includes coin-operated washer and dryer for all tenants to use. Mechanicals including roof, furnace, and water heater were recently serviced/replaced. Each unit has their furnace. Garden unit is in great shape. All tenants are long-term and always pay on time. Room for rental increase as well. Great investment opportunity and/or owner-occupied rental property. Just 1 block away from Warren Park and steps away from all major restaurants and shops on Devon Ave. Location is excellent - Major intersection Devon and Western nearby. Schedule your showing today!

Last Agent to Sell the Property

Shiraz Syed

Seed Realty LLC License #475183486 Listed on: 06/01/2023

Seed Realty LLC

Last Buyer's Agent

Gonzalo Santoyo

HomeSmart Connect LLC License #475166102

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,554

Year Built

  • Built in 1925 | Remodeled in 2021

Parking

  • 3 Car Detached Garage
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 35x125

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $68,360
  • Net Operating Income $56,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,554

Year Built

Built in 1925 | Remodeled in 2021

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • AppliancesAndFeatures: Refrigerator
  • Room: 3

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 775000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Number of Cars: 7
  • 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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 35X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Parking

Multi Family

  • Net Operating Income: 56500
  • GrossIncome: 68360
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9554.21
  • Tax Year: 2021
  • Tax Exemptions: None

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
07/31/2023 07/31/23 Sold $755,000 -2.6% --
06/19/2023 06/19/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $775,000 -- --
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: 11796917

Midwest Real Estate Data (MRED)