NOT LISTED FOR SALE
4 Beds
2 Baths
-- Sq Ft
1973 Built

Sale Details

Date Sold: May 23, 2018

Last sale price $425,000

56 Days on Market

Highlights

  • Property is near park
  • Garden Bath
  • Paved or Partially Paved Lot
  • Patio
  • Ceiling Fan
  • 4-minute walk to Sheridan Park

About This Home

As of May 2018

Broker owned. Rarely available East campus location! Two units, front and back. Units feature brick walls, timber ceiling, carpet. Open first floor with dinette and galley kitchen. Second level has 2 large bedrooms and one bath. Great closet space. Each unit has a private patio, w/b fireplace, stack W/D. Tenants pay HVAC with six newer electric HVAC sleeves (NO gas in this building!). Units are average condition, well maintained building with long-term tenants. AS-IS. Open parking for 2 cars in the rear. Units are easy to rent.

Last Agent to Sell the Property

Michael Mategrano

Michael J Mategrano License #556001362 Listed on: 02/28/2018

Last Buyer's Agent

Peter Fotopoulos

Baird & Warner License #471010854

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,434

Year Built

  • Built in 1973

Home Design

  • Bi-Level Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms
  • Garden Bath

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Lot Details

  • Lot Dimensions are 24 x 100
  • Paved or Partially Paved Lot

Schools

  • Galileo Elementary School Math &
  • Wells Community Academy Senior H High School

Utilities

  • Heating Available
  • Lake Michigan Water

Additional Features

  • Ceiling Fan
  • Patio
  • Property is near park

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $38,000
  • Net Operating Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,434

Year Built

Built in 1973

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 1973
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: None
  • Bathroom Amenities: Garden Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Fireplace-Wood,Skylights/Windows
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Fireplace-Wood,Skylights/Windows

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Park Adjacent
  • Roof: Asphalt, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Electric
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 1500

Schools

  • Elementary School: GALILEO ELEMENTARY SCHOOL MATH &
  • High School: WELLS COMMUNITY ACADEMY SENIOR H
  • Junior High/Middle School #2: YOUNG MAGNET HIGH SCHOOL
  • Elementary School #2: ANDREW JACKSON ELEMENTARY SCHOOL LANGUAGE ACAD

Lot Info

  • Lot Dimensions: 24 X 100
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 39600
  • GrossIncome: 38000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7434
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2018
Closed on
May 23, 2018
Sold by
Bought by
Seller's Agent
Michael Mategrano
Michael J Mategrano
Buyer's Agent
Peter Fotopoulos
Baird & Warner
List Price
$595,000
Sold Price
$425,000
Premium/Discount to List
-$170,000
-28.57%

Purchase Details

Closed on
Oct 30, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
0.0562%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
0.0675%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 Prairie Title Company
-- Accommodation
-- Accommodation
$212,500 Prairie Title
$235,000 --
$215,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $296,250
Previous Owner $188,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/23/2018 05/23/18 Sold $425,000 -24.8% --
04/25/2018 04/25/18 Pending -- -- --
03/13/2018 03/13/18 Price Changed $565,000 -5.0% --
02/28/2018 02/28/18 For Sale $595,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,998 $52,000 $13,440 $38,560
2024 $8,998 $52,000 $13,440 $38,560
2023 $8,771 $42,500 $10,800 $31,700
2022 $8,771 $42,500 $10,800 $31,700
2021 $8,574 $42,500 $10,800 $31,700
2020 $9,742 $43,586 $8,160 $35,426
2019 $9,872 $48,974 $8,160 $40,814
2018 $11,064 $55,831 $8,160 $47,671
2017 $8,018 $37,118 $7,200 $29,918
2016 $7,434 $37,118 $7,200 $29,918
2015 $7,793 $42,527 $7,200 $35,327
2014 $5,017 $27,042 $6,000 $21,042
2013 $5,239 $28,808 $6,000 $22,808
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09868799

Midwest Real Estate Data (MRED)

APN: 17-17-420-045-0000

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