$355,000
SOLD JUN 5, 2025
12 Beds
3 Baths
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

3% Above List Price

201 Days on Market

About This Home

As of June 2025

Three unit brick in Chatham ready for a new owner. Each unit has 4 bedrooms, eat-in kitchen, a large living room, individual heating and hot water. There are three parking spaces in the rear and a fenced in rear yard, Each unit features hardwood floors. Great building for family investment. The building was rehabbed in 2017 and needs very little maintenance. Building has a large unfinished basement. Building is close to shopping and transportation. Currently only 1 unit is rented. Call listing broker to schedule your private showing.

Last Agent to Sell the Property

Joyce Gibson

J.A. Gibson & Associates, Ltd. License #471010468 Listed on: 09/18/2024

Last Buyer's Agent

Brande Guilmette-Hampton

Centered International Realty License #475160842

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,167

Year Built

  • Built in 1922

Parking

  • 3 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,356 Sq Ft Lot

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,760
  • Maintenance Expense $2,500
  • Gross Income $52,200
  • Net Operating Income $23,354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,167

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1922
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 12
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 3

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 4458
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 23354
  • ElectricExpense: 3760
  • GrossIncome: 52200
  • Maintenance Expense: 2500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4166.64
  • Tax Year: 2022
  • Tax Exemptions: None
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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
06/05/2025 06/05/25 Sold $355,000 +2.9% --
04/07/2025 04/07/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $345,000 -2.8% --
04/03/2025 04/03/25 Off Market $355,000 -- --
04/02/2025 04/02/25 For Sale $345,000 -2.8% --
03/31/2025 03/31/25 Off Market $355,000 -- --
12/17/2024 12/17/24 For Sale $345,000 0.0% --
11/04/2024 11/04/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $345,000 -5.5% --
09/18/2024 09/18/24 For Sale $365,000 -- --
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 $4,431 $29,401 $3,344 $26,057
2024 $4,431 $29,401 $3,344 $26,057
2023 $4,319 $21,001 $5,573 $15,428
2022 $4,319 $21,001 $5,573 $15,428
2021 $4,223 $20,999 $5,572 $15,427
2020 $4,167 $18,704 $4,012 $14,692
2019 $4,270 $21,255 $4,012 $17,243
2018 $4,199 $21,255 $4,012 $17,243
2017 $4,913 $22,824 $3,566 $19,258
2016 $4,571 $22,824 $3,566 $19,258
2015 $4,182 $22,824 $3,566 $19,258
2014 $3,824 $20,610 $3,120 $17,490
2013 $3,748 $20,610 $3,120 $17,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12106864

Midwest Real Estate Data (MRED)