$460,000
SOLD FEB 12, 2025
-- Bed
-- Bath
7,686 Sq Ft
1925 Built

Recently Sold

$60 Per Sq Ft

8% Below List Price

75 Days on Market

About This Home

As of February 2025

Cash Flow around 13 Cap!! Stable 6 unit building. All tenants subsidized rent. Great returns on this Turn Key building! Potential to increase rents for higher returns!

Last Agent to Sell the Property

George Filippidis

Delta Realty, Corp. License #471020824 Listed on: 09/18/2024

Last Buyer's Agent

Melchor Domantay

Second City Real Estate License #475187492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,165

Year Built

  • Built in 1925

Interior Spaces

  • 7,686 Sq Ft Home
  • 3-Story Property

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity, hot water

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $525
  • Fuel Expense $6,390
  • Insurance Expense $6,200
  • Trash Expense $1,148
  • Water Sewer Expense $8,400
  • Operating Expense $22,663
  • Gross Income $84,252
  • Net Operating Income $61,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,165

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 6
  • Ranges: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 495000

Utilities

  • Heat/Ventilation: Hot Water

Fee Information

  • Trash Expense: 1148
  • Water Sewer Expenses: 8400
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5580

Rental Info

  • Tenant Pays: Electricity, Hot Water
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 7686

Multi Family

  • Net Operating Income: 61589
  • Fuel Expense: 6390
  • Insurance Expense: 6200
  • ElectricExpense: 525
  • GrossIncome: 84252
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22663
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3164.8
  • Tax Year: 2023

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $460,000 -7.1% $60 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
10/31/2024 10/31/24 Price Changed $495,000 -0.8% $64 / Sq Ft
09/18/2024 09/18/24 For Sale $499,000 -- $65 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12167813

Midwest Real Estate Data (MRED)

APN: 20351080260000