NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
1908 Built

Sale Details

Date Sold: December 16, 2015

Last sale price $185,000

17 Days on Market

About This Home

As of December 2015

The building is a mid-block three-story walk-up residential property of masonry construction with a flat roof constructed in 1908. The first and second floors contain two- and 2.5-bedroom units, respectively, while the third floor unit contains three bedrooms. All units each have one bathroom. There is a full basement which is unfinished, save for a newly completed communal laundry room with one set of coin-operated machines. The site is secured and fenced at both the front and rear with a gate accessing the alley. The property has a 3-car exterior, uncovered, gated parking pad. The building was fully rehabbed in March-2015. Rehab scope included new individual HVAC units, new plumbing, new windows, new laundry room, new electrical drop and 200-amp electrical service, new kitchens and baths, refinished and stained hardwood floors, new intercom and doorbell system, and new front exterior door. All three units have written 12-month leases in place. The property is currently 100% leased

Last Agent to Sell the Property

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969 Listed on: 10/06/2015

Last Buyer's Agent

Carlas Gilbert

Prince Realty Group LLC License #471018028

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 1908

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $36,600
  • Net Operating Income $21,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,644

Year Built

Built in 1908

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Fee Information

  • Other Expenses $: 13849

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 21751
  • GrossIncome: 36600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3644.32
  • Tax Year: 2014
  • 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
Oct 6, 2015
Closed on
Dec 16, 2015
Sold by
Bought by
Seller's Agent
Edward Bluemel
Atlas Asset Management Realty LLC
Buyer's Agent
Carlas Gilbert
Prince Realty Group LLC
List Price
$189,000
Sold Price
$185,000
Premium/Discount to List
-$4,000
-2.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Outstanding Balance
$110,303
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 23, 2014
Closed on
Nov 7, 2014
Sold by
Bought by
Seller's Agent
John Panknin
Fulton Grace Realty
Buyer's Agent
Jeremy Nash
33 Realty
List Price
$60,000
Sold Price
$65,000
Premium/Discount to List
$5,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
156.59%

Purchase Details

Closed on
Jun 6, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2009
Sold by
Bought by

Purchase Details

Closed on
May 24, 2006
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
$320,000
Interest Rate
9.25%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 9, 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
$240,000
Interest Rate
7.25%
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
$185,000 Chicago Title
$65,000 Barrister Title
-- None Available
-- Chicago Title Land Trust Co
$34,000 First American
-- None Available
$400,000 Tristar Title Llc
$300,000 Multiple
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
Open $138,750
Previous Owner $320,000
Previous Owner $240,000
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 Prior Sale
12/16/2015 12/16/15 Sold $185,000 -2.1% --
10/23/2015 10/23/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $189,000 +190.8% --
11/07/2014 11/07/14 Sold $65,000 +8.3% -- View Prior Sale
10/31/2014 10/31/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $60,000 0.0% --
09/24/2014 09/24/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $60,000 -- --
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 $4,870 $30,001 $3,783 $26,218
2024 $4,870 $30,001 $3,783 $26,218
2023 $4,730 $23,001 $3,783 $19,218
2022 $4,730 $23,001 $3,783 $19,218
2021 $4,625 $22,999 $3,782 $19,217
2020 $3,828 $17,186 $3,782 $13,404
2019 $3,924 $19,530 $3,782 $15,748
2018 $3,858 $19,530 $3,782 $15,748
2017 $4,637 $21,539 $3,328 $18,211
2016 $4,314 $21,539 $3,328 $18,211
2015 $3,947 $21,539 $3,328 $18,211
2014 $3,644 $19,642 $2,723 $16,919
2013 $3,572 $19,642 $2,723 $16,919
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09058396

Midwest Real Estate Data (MRED)
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