NOT LISTED FOR SALE

755 W Chicago Rd Niles, MI 49120

Estimated Value: $252,000 - $289,000

-- Bed
-- Bath
-- Sq Ft
1,742 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $115,000

Est. 133% increase in value since last sale

Current estimated payment $1,737/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of July 2020

Start earning money immediately with this 2 unit apartment building. Or make this your next home and rent the other unit out. Both apartments are in great shape. The ground unit, which is currently rented, offers 2 bedrooms, 2 baths, kitchen with appliances and a pantry, and there are laundry hook-ups at the back door. It has a gas furnace. The upstairs unit has an electric furnace, offers 2 bedrooms,1 bath, and a large kitchen with appliances and pantry. There is a partial basement that is usable for storage. The roof was replaced 2013. All measurement and information should be verified by buyer and buyer's agent.

Last Agent to Sell the Property

Debbie Floor

Century 21 Affiliated License #6506045276 Listed on: 06/26/2020

Century 21 Affiliated

Last Buyer's Agent

Lisa Wright Moore

RE/MAX Modern Realty, Inc. License #6502431549

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,727

Year Built

  • Built in 1800

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 55 x 140
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Internet Available
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, trash, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,727

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1800
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 55 x 140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2727.35
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Substructure:Michigan Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Broadband
  • Fireplaces: 1
  • Basement: Michigan Basement, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 115000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 55 x 140
  • Lot Size Sq Ft: 1742.0

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2727.35
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Aug 4, 2020
Sold by
Reeds Rentals & Renovations Llc
Bought by
Richard Donald and Richard Wanda
Seller's Agent
Debbie Floor
Century 21 Affiliated
Buyer's Agent
Lisa Wright Moore
RE/MAX Modern Realty, Inc.
List Price
$115,000
Sold Price
$115,000
Current Estimated Value
$268,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,260
Avg. Annual Appreciation
16.95%

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 14, 2020
Sold by
Reed S Rentals & Renovations Llc
Bought by
Richard Donald and Richard Wanda
Seller's Agent
Debbie Floor
Century 21 Affiliated
Buyer's Agent
Lisa Wright Moore
RE/MAX Modern Realty, Inc.
List Price
$115,000
Sold Price
$115,000

Purchase Details

Listed on
Sep 12, 2015
Closed on
May 25, 2017
Sold by
Mckibbin Lavoid L
Bought by
Reeds Rentals & Renovations Llc
Seller's Agent
Jessica Pompey
Coldwell Banker Anchor R.E.
Buyer's Agent
Debbie Floor
Century 21 Affiliated
List Price
$99,900
Sold Price
$79,500
Premium/Discount to List
-$20,400
-20.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$63,600
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2006
Sold by
Cutugno Bruno
Bought by
Mckibbin Lavoid I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 31, 2003
Sold by
Smith Charles C
Bought by
Cutugno Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2003
Sold by
Catanzarite Frank
Bought by
Cutugno Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 2002

Purchase Details

Closed on
Aug 26, 1993

Purchase Details

Closed on
Feb 1, 1983

Purchase Details

Closed on
Jan 30, 1981

Purchase Details

Closed on
Oct 31, 1977
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Richard Donald $115,000 Chicago Title
Richard Donald $115,000 Chicago Title Of Mi Inc
Reeds Rentals & Renovations Llc $79,500 Chicago Title Of Mi Inc
Mckibbin Lavoid I $130,000 None Available
Cutugno Bruno -- Progressive Land Title
Cutugno Bruno -- Progressive Land Title
-- $27,500 --
-- $2,300 --
-- $11,000 --
-- $23,300 --
-- $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reeds Rentals & Renovations Llc $63,600
Previous Owner Mckibbin Lavoid I $130,000
Previous Owner Cutugno Bruno $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2020 07/14/20 Sold $115,000 0.0% --
06/29/2020 06/29/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $115,000 +44.7% --
05/26/2017 05/26/17 Sold $79,500 -20.4% -- View Prior Sale
04/19/2017 04/19/17 Pending -- -- --
09/12/2015 09/12/15 For Sale $99,900 -- --
Source: MichRIC

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 $3,957 $113,400 $0 $0
2024 $2,092 $105,400 $0 $0
2023 $2,006 $114,100 $0 $0
2022 $1,910 $70,000 $0 $0
2021 $3,497 $61,700 $8,200 $53,500
2020 $2,770 $61,100 $0 $0
2019 $2,727 $46,500 $3,700 $42,800
2018 $2,665 $46,500 $0 $0
2017 $2,264 $39,500 $0 $0
2016 $2,565 $45,300 $0 $0
2015 $2,768 $49,300 $0 $0
2014 $1,441 $49,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 20024327

MichRIC

APN: 11-74-3010-0003-00-2