NOT LISTED FOR SALE
8 Beds
3 Baths
-- Sq Ft
1908 Built

Last Sold December 16, 2015

Last sale price $185,000

17 Days on Market

About This Home

As of December 2015

The building is a mid-block three-story walk-up residential property of masonry construction with a flat roof constructed in 1908. The first and second floors contain two- and 2.5-bedroom units, respectively, while the third floor unit contains three bedrooms. All units each have one bathroom. There is a full basement which is unfinished, save for a newly completed communal laundry room with one set of coin-operated machines. The site is secured and fenced at both the front and rear with a gate accessing the alley. The property has a 3-car exterior, uncovered, gated parking pad. The building was fully rehabbed in March-2015. Rehab scope included new individual HVAC units, new plumbing, new windows, new laundry room, new electrical drop and 200-amp electrical service, new kitchens and baths, refinished and stained hardwood floors, new intercom and doorbell system, and new front exterior door. All three units have written 12-month leases in place. The property is currently 100% leased

Last Agent to Sell the Property

Edward Bluemel

Atlas Asset Management Realty LLC License #475159969 Listed on: 10/06/2015

Last Buyer's Agent

Carlas Gilbert

Prince Realty Group LLC License #471018028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 1908

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x125

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $36,600
  • Net Operating Income $21,751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,644

Year Built

Built in 1908

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Fee Information

  • Other Expenses $: 13849

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 21751
  • GrossIncome: 36600
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3644.32
  • Tax Year: 2014
  • Tax Exemptions: None
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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 Prior Sale
12/16/2015 12/16/15 Sold $185,000 -2.1% --
10/23/2015 10/23/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $189,000 +190.8% --
11/07/2014 11/07/14 Sold $65,000 +8.3% -- View Prior Sale
10/31/2014 10/31/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $60,000 0.0% --
09/24/2014 09/24/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $60,000 -- --
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 $4,870 $30,001 $3,783 $26,218
2024 $4,870 $30,001 $3,783 $26,218
2023 $4,730 $23,001 $3,783 $19,218
2022 $4,730 $23,001 $3,783 $19,218
2021 $4,625 $22,999 $3,782 $19,217
2020 $3,828 $17,186 $3,782 $13,404
2019 $3,924 $19,530 $3,782 $15,748
2018 $3,858 $19,530 $3,782 $15,748
2017 $4,637 $21,539 $3,328 $18,211
2016 $4,314 $21,539 $3,328 $18,211
2015 $3,947 $21,539 $3,328 $18,211
2014 $3,644 $19,642 $2,723 $16,919
2013 $3,572 $19,642 $2,723 $16,919
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 09058396

Midwest Real Estate Data (MRED)
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