NOT LISTED FOR SALE

Estimated Value: $332,000 - $418,000

7 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold February 24, 2021

Last sale price $175,000

Est. 114% increase in value since last sale

Current estimated payment $2,391/month

170 Days on Market

Highlights

  • 2 Car Detached Garage
  • Shed
  • Forced Air Heating System

About This Home

As of February 2021

Multi family with Corner Grocery Store Front, right in a food desert, very busy location. Three apartments on second floor that have been rehabbed with steady month to month lease. Great arm Chair Investment, nothing to do, just collect rents. All kind of financing options are welcome. Cash can make a quick close.

Last Agent to Sell the Property

Khurram Qureshi

Coldwell Banker Realty License #471009552 Listed on: 05/14/2019

Coldwell Banker Realty

Last Buyer's Agent

Khurram Qureshi

Coldwell Banker Realty License #471009552 Listed on: 05/14/2019

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,004

Year Built

  • Built in 1905

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 26x125

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 4-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Shed

Utilities

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

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,004

Year Built

Built in 1905

Lot Details

3,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 1905
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1905

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: None

Exterior Features

  • OtherStructures: Shed(s)
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 26X125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat,Scavenger

Tax Info

  • Tax Annual Amount: 3004
  • Tax Year: 2017

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Feb 3, 2021
Sold by
Abuamarah Hamad
Bought by
Holland Clothing Co
Seller's Agent
Khurram Qureshi
Coldwell Banker Realty
Buyer's Agent
Khurram Qureshi
Coldwell Banker Realty
List Price
$209,900
Sold Price
$175,000
Premium/Discount to List
-$34,900
-16.63%
Current Estimated Value
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,000
Avg. Annual Appreciation
16.54%
Original Mortgage
$223,175
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 18, 2017
Sold by
The Estate Of Ank Duncan
Bought by
Abuamarah Hamad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,133
Interest Rate
3.89%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Holland Clothing Co $175,000 Alliance Title Corporation
Abuamarah Hamad $135,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holland Clothing Co $223,175
Previous Owner Abuamarah Hamad $65,133
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $175,000 -16.6% --
10/31/2019 10/31/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $209,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $5,502 $32,001 $6,013 $25,988
2024 $5,502 $32,001 $6,013 $25,988
2023 $5,348 $26,000 $4,875 $21,125
2022 $5,348 $26,000 $4,875 $21,125
2021 $5,228 $26,000 $4,875 $21,125
2020 $4,145 $18,608 $3,818 $14,790
2019 $2,461 $12,247 $3,818 $8,429
2018 $3,252 $16,461 $3,818 $12,643
2017 $3,004 $13,953 $3,412 $10,541
2016 $4,906 $24,494 $3,412 $21,082
2015 $4,488 $24,494 $3,412 $21,082
2014 $4,479 $24,140 $3,250 $20,890
2013 $4,390 $24,140 $3,250 $20,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10380258

Midwest Real Estate Data (MRED)

APN: 16-02-319-022-0000

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