NOT LISTED FOR SALE

Estimated Value: $86,000 - $108,000

11 Beds
7 Baths
-- Sq Ft
3,746 Sq Ft Lot

Last Sold May 12, 2021

Last sale price $520,000

Current estimated payment $534/month

34 Days on Market

Highlights

  • Fenced Yard
  • Property is near bus stop
  • Forced Air Heating System
  • Detached Garage

About This Home

As of May 2021

Beautiful Blonde Brick 4 true 4 unit investment property! This handsome building has great cash flow and will make you money down the line with 3- 3 bedroom 2 baths units (with master baths and closets) and 1 -2 bedroom unit. These units have tenants all current and rents and recently placed. A recent total remodel garden unit we can show! with no detail missed updated windows, roof, electrical, plumbing, some newer baths, barn doors, updated kitchen, high end fixtures, granite counters, New Porch and garage doors with remotes! Each unit has New or newer washer dryer unit and whole building painted including common areas! Building in infancy stages of condo conversion with 4 separate pin numbers for each unit, sell units off in future when fully converting to condo after the Obama museum and Tiger woods golf course! 2 market place rents and 1 section 8 tenant. Currently professional managed and janitor service! showing from 1230-230pm. this sat

Last Agent to Sell the Property

Howard Thomas

RE/MAX Premier License #471019584 Listed on: 02/17/2021

RE/MAX Premier

Last Buyer's Agent

Timothy Miller

EXIT Strategy Realty License #475153080

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Year Built | Renovated

  • 1923 | 2016

Lot Details

  • 3,746

Parking

  • Detached Garage
  • Garage Is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Additional Features

  • Exterior Basement Entry
  • Fenced Yard
  • Property is near bus stop

Community Details

  • Manager Expense $2,906

Listing and Financial Details

  • $20,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built | Renovated

1923 | 2016

Lot Details

3,746 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus, Commuter Train
  • Recent Rehab: Yes
  • Age: 91-100 Years
  • Full Bathrooms: 7
  • Ownership: Condo
  • Rehab Year: 2016
  • Total Full or Half Bathrooms: 7
  • Zoning Type: MULTI
  • Estimated Year Built: 1923
  • Type Multi: 4 Flat
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1923
  • Year Renovated: 2016

Interior Features

  • Number Of Rooms: 22
  • Basement: A,C
  • Basement: Finished, Exterior Access
  • Bedrooms All Levels: 11
  • Above Grade Bedrooms: 11

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Flat Roof

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Garage Ownership: Owned

Utilities

  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air, Indv Controls
  • Water Expense: 1737

Condo/Co-op/Association

  • Manager Expense: 2906

Fee Information

  • Insurance Expense: 3773
  • Janitorial Fee: 3532

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 3750
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 21303210371001

Rental Info

  • Gross Rental Income: 64176
  • Total Rental Income: 64176.

Multi Family

  • Total Number Unitsin Building: 4
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 7

Tax Info

  • Taxes: 12012.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
May 6, 2021
Sold by
Jones William E
Bought by
Harris Tyrone P
Seller's Agent
Howard Thomas
RE/MAX Premier
Buyer's Agent
Timothy Miller
EXIT Strategy Realty
List Price
$485,000
Sold Price
$520,000
Premium/Discount to List
$35,000
7.22%
Current Estimated Value
$99,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$420,667
Avg. Annual Appreciation
-29.32%
Original Mortgage
$510,581
Outstanding Balance
$454,581
Interest Rate
2.44%
Mortgage Type
FHA
Estimated Equity
-$355,248

Purchase Details

Listed on
Apr 23, 2019
Closed on
Jul 13, 2019
Sold by
Oliver Property Management Llc
Bought by
Jones William E
Seller's Agent
Brad Thompson
Millennium Properties RE, Inc.
Buyer's Agent
Howard Thomas
RE/MAX Premier
List Price
$275,000
Sold Price
$281,000
Premium/Discount to List
$6,000
2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.73%
Original Mortgage
$232,800
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2017
Closed on
Mar 27, 2018
Sold by
Res Il Dmh Llc
Bought by
Oliver Property Management Llc
Seller's Agent
Brad Thompson
Millennium Properties RE, Inc.
Buyer's Agent
Michael Mintz
Millennium Properties RE, Inc.
List Price
$325,000
Sold Price
$225,000
Premium/Discount to List
-$100,000
-30.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.34%
Original Mortgage
$133,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2017
Sold by
Howard Diane M
Bought by
Res Il Dmh Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Harris Tyrone P $520,000 Chicago Title
Jones William E $291,000 Ata National Title Group Llc
Oliver Property Management Llc $225,000 Attorney
Res Il Dmh Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Tyrone P $510,581
Previous Owner Jones William E $232,800
Previous Owner Oliver Property Management Llc $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2021 05/12/21 Sold $520,000 +7.2% --
03/23/2021 03/23/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $485,000 0.0% --
02/22/2021 02/22/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $485,000 +72.6% --
11/20/2019 11/20/19 Off Market $281,000 -- --
08/22/2019 08/22/19 For Sale $275,000 -2.1% --
08/21/2019 08/21/19 Sold $281,000 0.0% -- View Prior Sale
05/14/2019 05/14/19 Off Market $281,000 -- --
05/01/2019 05/01/19 For Sale $275,000 -2.1% --
04/25/2019 04/25/19 Off Market $281,000 -- --
04/22/2019 04/22/19 For Sale $275,000 +22.2% --
06/28/2018 06/28/18 Off Market $225,000 -- --
03/30/2018 03/30/18 Sold $225,000 -30.8% -- View Prior Sale
12/07/2017 12/07/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $325,000 -- --
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 $212 $8,320 $447 $7,873
2024 $212 $8,320 $447 $7,873
2023 $205 $1,000 $500 $500
2022 $205 $1,000 $500 $500
2021 $201 $999 $499 $500
2020 $1,510 $6,777 $536 $6,241
2019 $1,507 $7,500 $536 $6,964
2018 $1,482 $7,500 $536 $6,964
2017 $1,101 $5,115 $477 $4,638
2016 $1,024 $5,115 $477 $4,638
2015 $1,172 $6,393 $477 $5,916
2014 $969 $5,220 $402 $4,818
2013 $949 $5,220 $402 $4,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10997282

Midwest Real Estate Data (MRED)

APN: 21-30-321-037-1001

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