NOT LISTED FOR SALE
38 Beds
26 Baths
-- Sq Ft
1927 Built

Last Sold March 28, 2019

Last sale price $1,200,000

382 Days on Market

About This Home

As of March 2019

This is a wonderful opportunity to own a beautiful building with tons of upside in Chatham.The interior units need work, but it will be more than worth it, to attract more Section 8 tenants and raise the income. Most units are occupied. Six are vacant but management is working to fill those.

Last Agent to Sell the Property

David Urbaniak

@properties Commercial License #475114531 Listed on: 07/10/2017

@properties Commercial

Last Buyer's Agent

David Urbaniak

@properties Commercial License #475114531 Listed on: 07/10/2017

@properties Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Home Design

  • Brick Exterior Construction
  • Stone Siding

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $13,429
  • Insurance Expense $7,969

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1927

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Partnership
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 218108
  • Scavenger Expense: 3737
  • Total Annual Exp: 65486
  • Total Annual Income: 218108
  • Total Monthly Income: 18175
  • Number of Ranges: 26
  • Number Of Refrigs: 26
  • Number Of Stories: 4
  • Estimated Year Built: 1927
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1927

Interior Features

  • Basement: Unfinished

Exterior Features

  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Concrete, Concrete Block, Stone
  • Frontage Access: City Street

Utilities

  • Heatventilation: Central Bldg Heat, Gas, Radiators, Steam
  • Water Expense: 5912

Condo/Co-op/Association

  • Units in Building: 26

Fee Information

  • Electricity Expense: 2949
  • Janitor Expense: 10000

Lot Info

  • Lot Dimensions: 100' X 124'
  • Lot Sq Ft: 12400
  • Parcel Identification Number: 20351210200000

Rental Info

  • Gross Rental Income: 218108
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 13429
  • Insurance Expense: 7969
  • Other Expenses: 12935

Tax Info

  • Taxes: 8,555
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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 Prior Sale
03/28/2019 03/28/19 Sold $1,200,000 -5.9% --
07/27/2018 07/27/18 Pending -- -- --
04/19/2018 04/19/18 Price Changed $1,275,000 -5.6% --
07/10/2017 07/10/17 For Sale $1,350,000 +52.0% --
12/18/2015 12/18/15 Sold $888,000 -1.3% -- View Prior Sale
09/21/2015 09/21/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $899,900 -- --
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 $30,191 $164,945 $19,375 $145,570
2024 $30,191 $164,945 $19,375 $145,570
2023 $29,432 $143,095 $18,750 $124,345
2022 $29,432 $143,095 $18,750 $124,345
2021 $28,775 $143,094 $18,750 $124,344
2020 $24,730 $111,011 $18,750 $92,261
2019 $22,303 $111,011 $18,750 $92,261
2018 $21,928 $111,011 $18,750 $92,261
2017 $19,116 $88,800 $15,000 $73,800
2016 $9,213 $46,000 $15,000 $31,000
2015 $8,429 $46,000 $15,000 $31,000
2014 $12,938 $69,733 $9,375 $60,358
2013 $12,683 $69,733 $9,375 $60,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09684762

Midwest Real Estate Data (MRED)

APN: 20351210200000

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