NOT LISTED FOR SALE
11 Beds
6 Baths
5,410 Sq Ft
1967 Built

Last Sold July 24, 2023

Last sale price $514,000 $95 Per Sq Ft

5 Days on Market

About This Home

As of July 2023

All Brick 6 unit residential building in immaculate condition, immaculate condition, turn key opportunity. Featuring 6 generous sized units including 4 Rooms-2 bed & 1 bath and 1 unit has 3 Rooms, 1 bdrm & 1 bath, all individual utilities including central air, Finished basement and parking in rear for each unit all beautifully landscaped and secured by wrought iron fencing. Rents below market price with long term tenants. Fully occupied on 2 property index numbers. Public transportation at your front door, Chatham area amenities including shopping, parks, schools all within walking distance. if you ever imagined buying a great commercial property then this is the one you have been waiting for. Seller prefers approvals for every buyer prior to viewing.

Last Agent to Sell the Property

Mark Alleman

Alleman & Alleman Realty License #471013590 Listed on: 04/27/2023

Last Buyer's Agent

David Thomas

Blue Door Dave Inc License #471020400

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,017

Year Built

  • Built in 1967

Lot Details

  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $420
  • Fuel Expense $2,160
  • Insurance Expense $3,672
  • Maintenance Expense $2,500
  • Trash Expense $1,510
  • Water Sewer Expense $3,600
  • Operating Expense $16,347
  • Gross Income $65,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,017

Year Built

Built in 1967

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: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Show-Call Listing Office,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Rubber
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1510
  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 2675 S. F.
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Fuel Expense: 2160
  • Insurance Expense: 3672
  • ElectricExpense: 420
  • GrossIncome: 65160
  • Maintenance Expense: 2500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 16347
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4017
  • Tax Year: 2021
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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
07/24/2023 07/24/23 Sold $514,000 -6.4% $95 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $549,000 -- $101 / Sq Ft
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 $2,107 $24,433 $2,006 $22,427
2024 $2,107 $24,433 $2,006 $22,427
2023 $2,054 $9,990 $3,344 $6,646
2022 $2,054 $9,990 $3,344 $6,646
2021 $2,009 $9,988 $3,343 $6,645
2020 $1,823 $8,185 $2,407 $5,778
2019 $1,869 $9,302 $2,407 $6,895
2018 $1,837 $9,302 $2,407 $6,895
2017 $2,475 $11,499 $2,140 $9,359
2016 $2,303 $11,499 $2,140 $9,359
2015 $2,107 $11,499 $2,140 $9,359
2014 $2,019 $10,879 $1,872 $9,007
2013 $2,112 $11,612 $1,872 $9,740
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11768991

Midwest Real Estate Data (MRED)

APN: 20342240170000