$466,000
SOLD SEP 5, 2025
12 Beds
4 Baths
-- Sq Ft
1924 Built

Recently Sold

1% Above List Price

19 Days on Market

About This Home

As of September 2025

Check out this nicely updated 4-unit building with great rental income! Proudly maintained by the owner, this building is an ideal addition to any investor's portfolio. A solid investment opportunity you won't want to miss.

Last Agent to Sell the Property

Amanda Stapleton

Blue Door Dave Inc License #475165609 Listed on: 06/13/2025

Last Buyer's Agent

Sherri Jordan

Suite 527 Realty Group, LLC License #471020054

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,200

Year Built

  • Built in 1924

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,250
  • Fuel Expense $5,640
  • Insurance Expense $1,700
  • Trash Expense $800
  • Water Sewer Expense $1,500
  • Gross Income $42,840
  • Net Operating Income $30,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,200

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1924
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 12
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 4

Utilities

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

Fee Information

  • Trash Expense: 800
  • Water Sewer Expenses: 1500

Lot Info

  • Lot Dimensions: 6250 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: All

Multi Family

  • Net Operating Income: 30290
  • Fuel Expense: 5640
  • Insurance Expense: 1700
  • ElectricExpense: 1250
  • GrossIncome: 42840
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 4200
  • Tax Year: 2023
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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
09/05/2025 09/05/25 Sold $466,000 +1.3% --
07/02/2025 07/02/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $460,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $4,642 $18,000 $1,875 $16,125
2024 $4,642 $18,000 $1,875 $16,125
2023 $4,525 $22,001 $4,063 $17,938
2022 $4,525 $22,001 $4,063 $17,938
2021 $4,424 $21,999 $4,062 $17,937
2020 $2,213 $9,935 $4,687 $5,248
2019 $2,268 $11,290 $4,687 $6,603
2018 $1,552 $11,290 $4,687 $6,603
2017 $3,682 $20,478 $4,062 $16,416
2016 $3,601 $20,478 $4,062 $16,416
2015 $3,272 $20,478 $4,062 $16,416
2014 $3,198 $19,804 $3,750 $16,054
2013 $3,124 $19,804 $3,750 $16,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12392909

Midwest Real Estate Data (MRED)