NOT LISTED FOR SALE
11 Beds
6 Baths
7,386 Sq Ft
6,750 Sq Ft Lot

Last Sold July 12, 2019

Last sale price $400,000 $54 Per Sq Ft

107 Days on Market

About This Home

As of July 2019

6823 S. Ridgeland is uniquely comprised of five (5) spacious 2b/1ba units and one (1) 1b/1ba unit (which was previously a 2b unit). Each unit boasts roughly 1,100 square feet of living space and each have their own living room, dining room, as well as an enclosed sun-room in the rear. The property has been meticulously operated and maintained by a single owner/operator for several years. Recent capital improvements to the property consist of, but not limited to: new windows, a tear-off roof, new water heater, a new boiler with a digital thermostat controlled remotely via a mobile app, updated plumbing (copper pipes), as well as a significant amount of masonry and tuck pointing. Furthermore, the building features laundry in the basement (which are owned) which provides additional income, and additional income can be achieved by the two car garage parking spots, which is currently not generating any income. This is a great investment and OM is available upon request.

Last Agent to Sell the Property

Marco Cesario

Jameson Commercial License #475142196 Listed on: 03/18/2019

Co-Listed By

Aaron Sklar

Kiser Group Realty Inc License #475161507

Last Buyer's Agent

Noah Birk

Kiser Group Realty Inc License #475125864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,135

Year Built

  • Built in 1916

Lot Details

  • 6,750 Sq Ft Lot
  • Lot Dimensions are 60x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Reflective Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,386 Sq Ft Home
  • 3-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $462
  • Fuel Expense $7,783
  • Insurance Expense $3,444
  • Maintenance Expense $1,500
  • Manager Expense $3,396
  • Other Expense $3,199
  • Trash Expense $1,972
  • Water Sewer Expense $3,125
  • Operating Expense $32,066
  • Gross Income $67,920
  • Net Operating Income $37,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,135

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1916
  • Built Before 1978 (Y/N): Yes
  • Information: Seller's Disclosure,Show-Call Listing Office,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 4
  • Ranges: 4
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 435000
  • Roof: Reflective Coating
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Indoor Parking: 1-5 Spaces

Utilities

  • Electric: Fuses
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 3396

Fee Information

  • Trash Expense: 1972
  • Water Sewer Expenses: 3125
  • Janitor Expense: 1050

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X125
  • Lot Size Sq Ft: 6750
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 7386

Multi Family

  • Net Operating Income: 37054
  • Fuel Expense: 7783
  • Insurance Expense: 3444
  • ElectricExpense: 462
  • GrossIncome: 67920
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 32066
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 6135
  • Tax Year: 2017

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/10/2019 10/10/19 Off Market $400,000 -- --
07/12/2019 07/12/19 Sold $400,000 -8.0% $54 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $435,000 0.0% $59 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $435,000 -- $59 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Source: Midwest Real Estate Data (MRED)

MLS Number: 10314811

Midwest Real Estate Data (MRED)

APN: 20243110050000