NOT LISTED FOR SALE
4 Beds
3 Baths
-- Sq Ft
1946 Built

Last Sold December 01, 2015

Last sale price $400,000

8 Days on Market

Highlights

  • Property is near park
  • Forced Air Heating System
  • 3-minute walk to Pleasant Point Park
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot

About This Home

As of December 2015

NORWOOD PARK MULTIFAMILY. GREAT LOCATION CLOSE TO VIRTUALLY EVERYTHING YOU NEED, 2 -2 BEDROOM 1 BATH RENTAL UNITS RENTED @$1245/MO, SHARED LAUNDRY FOR THESE UNITS. BONUS STUDIO APARTMENT IN THE BASEMENT WITH IN UNIT LAUNDRY, & REFINISHED BATH. NEWER ROOF ON BUILDING AND ELECTRIC, 2 NEW AC UNITS, REVAMPED BOILER, TUCKPOINTING, REFINISHED WOOD FLOORS, 2 CAR GARAGE. POTENTIAL TO LIVE FOR LITTLE OR NOTHING, & OR GREAT INVESTMENT PROPERTY!! MUST SEE, GREAT CONDITION!

Last Agent to Sell the Property

Kristina Betancourt

Compass License #475159392 Listed on: 09/24/2015

Compass

Last Buyer's Agent

Agnes Wlodarczyk

KOMAR License #475128223

KOMAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,293

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 43 x 97
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near park

Community Details

Overview

  • 2 Units
  • 2 Flat

Building Details

  • Gross Income $38,880
  • Net Operating Income $25,117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,293

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1946
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 13763

Lot Info

  • Lot Dimensions: 43 X 97
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 25117
  • GrossIncome: 38880
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6293
  • Tax Year: 2013
  • Tax Exemptions: None
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
12/01/2015 12/01/15 Sold $400,000 +0.3% --
10/02/2015 10/02/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $399,000 +14.0% --
06/26/2014 06/26/14 Sold $350,000 -9.6% -- View Prior Sale
05/20/2014 05/20/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $387,000 -- --
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 $8,440 $48,000 $13,194 $34,806
2024 $8,440 $48,000 $13,194 $34,806
2023 $8,227 $40,000 $10,640 $29,360
2022 $8,227 $40,000 $10,640 $29,360
2021 $8,044 $40,000 $10,640 $29,360
2020 $7,302 $32,778 $6,809 $25,969
2019 $7,484 $37,248 $6,809 $30,439
2018 $7,358 $37,248 $6,809 $30,439
2017 $7,802 $36,245 $5,958 $30,287
2016 $7,259 $36,245 $5,958 $30,287
2015 $6,991 $38,153 $5,958 $32,195
2014 $6,420 $34,603 $5,107 $29,496
2013 $6,293 $34,603 $5,107 $29,496
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09046868

Midwest Real Estate Data (MRED)