$450,000

Estimated payment $2,868/month

Total Views 1,185
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Discover an exceptional opportunity in vibrant Chatham! This brick legal residential 6-flat, is an amazing opportunity for investment. The fully occupied building has three 1 bedroom and three 2 bedrooms. Ample living rooms, dining rooms, kitchens and closet spaces. Double lot. Radiator heat. Lots of light and hardwood floors under carpet. The building needs some cosmetic work. Five car brick garage could produce additional income. Strictly As-Is and 100 percentage tax proration. Easy access to buses, stores, restaurants and I94 highway. A tremendous opportunity, big potential for an investor. Don't miss seeing this one.

Listing Agent

Cheryl Prater

Vision Real Estate II Inc License #475132915 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,853

Year Built

  • Built in 1928

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Exterior Basement Entry

Utilities

  • Radiator

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $172
  • Fuel Expense $8,405
  • Insurance Expense $5,980
  • Maintenance Expense $2,075
  • Manager Expense $11,994
  • Other Expense $1,069
  • Trash Expense $5,423
  • Water Sewer Expense $2,671
  • Operating Expense $43,348
  • Gross Income $56,796
  • Net Operating Income $13,448

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,853

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 450000
  • Roof Structure: Flat

Utilities

  • Heat/Ventilation: Radiators

Condo/Co-op/Association

  • Manager Expense: 11994
  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 5423
  • Water Sewer Expenses: 2671
  • Janitor Expense: 1062

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8265

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 13448
  • Fuel Expense: 8405
  • Insurance Expense: 5980
  • ElectricExpense: 172
  • GrossIncome: 56796
  • Maintenance Expense: 2075
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 43348
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4853
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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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
08/04/2025 08/04/25 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12437189

Midwest Real Estate Data (MRED)

APN: 20353060060000