NOT LISTED FOR SALE
45 Beds
21 Baths
-- Sq Ft
1921 Built

Last Sold July 26, 2021

Last sale price $1,300,000

44 Days on Market

Highlights

  • Corner Lot
  • Skylights
  • Hot Water Heating System
  • Furnished
  • Courtyard

About This Home

As of July 2021

3 story brick 18 unit courtyard building. Property is located on the SE corner of 68th and Clyde Ave. The building is structurally sound! Recently updated back porches, roof, plumbing and heating systems. Completely fenced front and rear. Security lights inside and out. Gorgeous and secure well manicured grass lined courtyard. All apartments are generous in size; ranging from 3 bdrms with two full bath, 3 bdrms with 1.5 baths, 3 bdrms with 1 bath, two bdrms with 1 bath. Minutes from South Shore Cultural Center (9 hole golf course) Lake Michigan and The Obama Presidential Center. Potential condo conversion or BNB.

Last Agent to Sell the Property

Kennedy Jordan

Michael Gabriel Real Estate License #475153895 Listed on: 04/14/2021

Last Buyer's Agent

Carrie McCormick

@properties Christie's International Real Estate License #475123706

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,680

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 41x87
  • Property fronts an alley
  • Corner Lot
  • Additional Parcels

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3-Story Property
  • Furnished
  • Skylights

Bedrooms and Bathrooms

  • 45 Bedrooms
  • 21 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Radiator
  • Hot Water Heating System
  • Mechanical Septic System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $1,800
  • Fuel Expense $35,000
  • Insurance Expense $7,000
  • Maintenance Expense $1,200
  • Trash Expense $3,900
  • Water Sewer Expense $7,500
  • Operating Expense $86,600
  • Gross Income $206,400
  • Net Operating Income $119,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,680

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance,Courtyard
  • Stories: 3
  • Year Built: 1921
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 45
  • Misc Inside: Skylight/s,Furnished Units Available
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Frontage Type: City Street, Alley Access
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Enclosed Stairs,Security Gate,Security Lighting

Garage/Parking

  • Outdoor Parking: Open,Paved,Other

Utilities

  • Utilities: Septic-Mechanical, Water-Municipal
  • Heat/Ventilation: Hot Water,Radiators

Fee Information

  • Trash Expense: 3900
  • Water Sewer Expenses: 7500

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 41X87
  • Zoning: MULTI
  • Land Amenities: Children's Play Yard,Curbs and Gutters,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 17
  • Tenancy Type: Month To Month,Section 8,Subsidized Rents,1 or More Vacant

Multi Family

  • Net Operating Income: 119800
  • Fuel Expense: 35000
  • Insurance Expense: 7000
  • ElectricExpense: 1800
  • GrossIncome: 206400
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 86600
  • Type Multi-Family: Corridor-Interior Entrance,Courtyard

Tax Info

  • Tax Annual Amount: 23680
  • Tax Year: 2019

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
07/26/2021 07/26/21 Sold $1,300,000 -18.8% --
05/28/2021 05/28/21 Pending -- -- --
05/28/2021 05/28/21 For Sale -- -- --
04/14/2021 04/14/21 For Sale $1,600,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $17,159 $101,076 $15,113 $85,963
2024 $17,159 $101,076 $15,113 $85,963
2023 $16,668 $81,039 $8,775 $72,264
2022 $16,668 $81,039 $8,775 $72,264
2021 $25,071 $124,675 $13,500 $111,175
2020 $26,705 $119,879 $13,500 $106,379
2019 $24,085 $119,879 $13,500 $106,379
2018 $23,680 $119,879 $13,500 $106,379
2017 $25,048 $116,358 $11,250 $105,108
2016 $23,305 $116,358 $11,250 $105,108
2015 $21,322 $116,358 $11,250 $105,108
2014 $21,331 $114,968 $11,250 $103,718
2013 $20,910 $114,968 $11,250 $103,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11056873

Midwest Real Estate Data (MRED)

APN: 20244090010000