NOT LISTED FOR SALE
-- Bed
5 Baths
2,494 Sq Ft
1909 Built

Last Sold October 04, 2024

Last sale price $110,000 $44 Per Sq Ft

39 Days on Market

About This Home

As of October 2024

Located in sought after Woodlawn which is a hotter than hot market, this legal all brick 3 unit offers the layout and upside every investor searches for, this is the true definition of a diamond in the ruff! The lower level unit has separate egress in the front and rear of the building, there are two additional units which have very open and spacious layouts with unlimited upside! All the units are stripped to to the studs, the building only has floor joists in place! Do not walk on the floor joists, everything is needed, consider this a full renovation when running numbers! Rear porch is moderately newer, building is on a deep lot in which there is plenty of space for a garage! The upside here is endless, the location is ideal as Woodlawn is on fire, blocks from the Skyway, close to the Lakefront, get inside this today and explore the potential which awaits. Rehab, build equity and rent all three units, combine the basement and first floor into an owners unit while living mortgage free and renting the second floor, either way this is a win win situation. Do not sleep on this one as buildings in this condition with this upside in this location do not hit the market often!

Last Agent to Sell the Property

Ryan Smith

RE/MAX Premier License #475150650 Listed on: 07/10/2024

RE/MAX Premier

Last Buyer's Agent

Jerry Goodwin

Coldwell Banker Realty License #475143642

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,085

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 25 x 123

Home Design

  • Brick Exterior Construction

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,085

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1909
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • 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

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

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

Lot Info

  • Lot Dimensions: 25 X 123
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3085
  • Tax Year: 2022

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat
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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
10/04/2024 10/04/24 Sold $110,000 -8.3% $44 / Sq Ft
10/01/2024 10/01/24 For Sale $119,900 0.0% $48 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $119,900 -4.0% $48 / Sq Ft
08/08/2024 08/08/24 For Sale $124,900 0.0% $50 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $124,900 -- $50 / Sq Ft
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 $3,176 $21,001 $3,813 $17,188
2024 $3,176 $21,001 $3,813 $17,188
2023 $3,085 $15,001 $3,813 $11,188
2022 $3,085 $15,001 $3,813 $11,188
2021 $3,016 $14,999 $3,812 $11,187
2020 $3,331 $14,954 $3,812 $11,142
2019 $3,414 $16,994 $3,812 $13,182
2018 $3,357 $16,994 $3,812 $13,182
2017 $4,158 $19,314 $3,355 $15,959
2016 $3,868 $19,314 $3,355 $15,959
2015 $3,539 $19,314 $3,355 $15,959
2014 $2,800 $15,091 $2,745 $12,346
2013 $2,266 $15,091 $2,745 $12,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12107328

Midwest Real Estate Data (MRED)

APN: 20224100310000