NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1958 Built

Last Sold February 13, 2024

Last sale price $1,016,000

77 Days on Market

Highlights

  • Central Heating
  • Hot Water Heating System
  • 2-minute walk to Gross Point Park
  • Niles North High School Rated A+

About This Home

As of February 2024

SIX Unit Building. Five 2BR and One 1BR unit. Every unit is special and in good condition. Great rental area. Minimum maintenance. Fully rented. School district 68. Five assigned parking spaces. Each unit has individual storage. Coin laundry. Great location: close to shopping and transportation. Roof-1 month-old, boiler -3 months, new concrete parking. Very rare on market. Long-term tenants. Rent in the area is much higher than the current rent in the building. Units rented under market price. Huge room to increase monthly rental income.

Last Agent to Sell the Property

Talla Zhitnitsky

@properties Christie's International Real Estate License #471006880 Listed on: 08/09/2023

@properties Christie's International Real Estate

Last Buyer's Agent

Jenna Kandu

Selective Realty Services Inc License #471011446

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,368

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 70x110
  • Additional Parcels

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $480
  • Fuel Expense $3,350
  • Insurance Expense $3,165
  • Trash Expense $420
  • Water Sewer Expense $2,850
  • Operating Expense $25,633
  • Gross Income $80,700
  • Net Operating Income $59,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,368

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1958
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • List Price: 999000

Utilities

  • Heat/Ventilation: Central Bldg Heat,Hot Water

Fee Information

  • Trash Expense: 420
  • Water Sewer Expenses: 2850
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 70X110

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

  • Net Operating Income: 59567
  • Fuel Expense: 3350
  • Insurance Expense: 3165
  • ElectricExpense: 480
  • GrossIncome: 80700
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 25633
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15368
  • Tax Year: 2022

Range of Values:

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Average Value
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List Price
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 List to Sale Price per Sq Ft
02/13/2024 02/13/24 Sold $1,016,000 +1.7% --
10/26/2023 10/26/23 Pending -- -- --
10/19/2023 10/19/23 For Sale $999,000 0.0% --
10/19/2023 10/19/23 Price Changed $999,000 +0.4% --
08/25/2023 08/25/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $995,000 -- --
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: 11855955

Midwest Real Estate Data (MRED)