NOT LISTED FOR SALE
3 Beds
3 Baths
-- Sq Ft
1894 Built

Last Sold October 12, 2023

Last sale price $475,000

43 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Property is near a park
  • Soaking Tub
  • 4-minute walk to Claremont Park

About This Home

As of October 2023

Fantastic looking (((LEGAL 3 UNIT WITH A 7% CAP RATE))) The property is located right in the heart of the Tri-Taylor area and happens sits right in the middle of one of the largest medical districts in the country and makes for it a really great rental location as there's a lot of interns, doctors and nurses that are looking to rent in the area. The property consists of (3) 1 bed 1 bath units and a 2-car garage... From the bottom up, the following work has been done since 2014. The garden unit has been fully updated. The first floor has an updated kitchen, updated appliances, new vanity, reglaze tub and new tile in the bathroom. The second floor has an updated kitchen and appliances and a new toilet. The first and second floor: have had the drop ceilings removed and they installed new ceilings. New electrical box in the first and second floors in 2021. A few newer windows around the building within the last year and a half. The roof is 8 years old and that was a full tear off on the building, they also put a new silver coat on the main building 2 years ago. The roof on the garage is 3 years old. Lastly, there's a shared non coin operated washer and dryer on the lower level that all three units share.

Last Agent to Sell the Property

David Mishel

Compass License #475159283 Listed on: 07/17/2023

Compass

Last Buyer's Agent

Humaira Ali

Dream Town Real Estate License #475181997

Dream Town Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,608

Year Built

  • Built in 1894 | Remodeled in 2014

Lot Details

  • Lot Dimensions are 19x125
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near a park

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,514
  • Fuel Expense $2,592
  • Insurance Expense $2,000
  • Water Sewer Expense $496
  • Gross Income $3,825
  • Net Operating Income $30,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,608

Year Built

Built in 1894 | Remodeled in 2014

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Other Equipment: Water Heater-Gas
  • Basement Description: Finished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Deck, Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 439888
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 496

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 19X125
  • 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: 30690
  • Fuel Expense: 2592
  • Insurance Expense: 2000
  • ElectricExpense: 1514
  • GrossIncome: 3825
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 8608
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Range of Values:

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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
10/12/2023 10/12/23 Sold $475,000 +8.0% --
08/30/2023 08/30/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $439,888 0.0% --
07/24/2023 07/24/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $439,888 +100.4% --
08/11/2014 08/11/14 Sold $219,500 +0.5% --
07/01/2014 07/01/14 Pending -- -- --
06/28/2014 06/28/14 Price Changed $218,500 0.0% --
06/28/2014 06/28/14 For Sale $218,500 -21.9% --
04/07/2014 04/07/14 Pending -- -- --
03/25/2014 03/25/14 Price Changed $279,900 -6.7% --
03/25/2014 03/25/14 For Sale $299,900 0.0% --
03/21/2014 03/21/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $299,900 -- --
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: 11834610

Midwest Real Estate Data (MRED)