$860,000
SOLD AUG 28, 2024
5 Beds
1 Bath
2,112 Sq Ft
1868 Built

Recently Sold

$407 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Gated Community
  • Forced Air Heating System
  • 1-minute walk to Piazza Dimaggio
  • Victorian Architecture
  • Paved or Partially Paved Lot

About This Home

As of August 2024

THREE UNIT BRICK VICTORIAN APARTMENT BUILDING LOCATED ON BEAUTIFULLY TREE LINED BISHOP STREET IN THE LITTLE ITALY/UNIVERSITY VILLAGE AREA. ALL UNITS FEATURE; UTILITY ROOM WITH IN UNIT STACKABLE WASHER/DRYER, INDIVIDUAL GAS FORCED AIR HEATING AND CENTRAL AIR CONDITIONING, CERAMIC TILED AND LAMINATED WOOD FLOORING, KITCHEN WITH PENINSULA OPEN TO LIVING ROOM, CEILING FANS AND WINDOW TREATMENTS. PATIO AREA FOR GARDEN APARTMENT.REAR REAR PORCH DECKS FOR THE OTHER TWO UNITS. WALKING DISTANCE TO ONE OF THE LARGEST MEDICAL CENTERS IN THE COUNTRY. CLOSE TO PUBLIC TRANSPORTATION. EASY EXPRESSWAY ACCESSIBILITY.JUST MINUTES TO THE DOWNTOWN BUSINESS, THEATER DISTRICT AND LAKE FRONT.FULLY LEASED. GREAT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

Carmen Gallucci

C. Gallucci Realty, Inc. License #471000589 Listed on: 07/11/2024

Last Buyer's Agent

Mak Jahangiri

Kale Realty License #475091776

Kale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,442

Year Built

  • Built in 1868 | Remodeled in 2016

Home Design

  • Victorian Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 1 Bathroom

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Crawl Space
  • Paved or Partially Paved Lot

Community Details

Building Details

  • Insurance Expense $6,790
  • Water Sewer Expense $900
  • Gross Income $5,900
  • Net Operating Income $51,668

Additional Features

  • 3 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,442

Year Built

Built in 1868 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1868
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: None
  • Total Bathrooms: 1
  • Total Bedrooms: 5
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 1
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 875000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 900

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 51668
  • Insurance Expense: 6790
  • GrossIncome: 5900
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11442
  • Tax Year: 2023

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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
08/28/2024 08/28/24 Sold $860,000 -1.7% $407 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $875,000 -- $414 / 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: 12105596

Midwest Real Estate Data (MRED)

APN: 17173170410000