Estimated payment $1,898/month
About This Home
Outstanding investment opportunity to acquire a solid brick 6-unit building in the desirable Chatham neighborhood with tremendous value-add potential. The property features a highly desirable unit mix of three 1-bedroom units and three 2-bedroom units, all with spacious layouts and formal dining rooms that enhance tenant appeal. Additional features include a full basement with a half bath, a 4-car brick garage, and a strong foundation for future improvements and increased rental income. The property is being sold AS IS, WHERE IS. Buyer will assume existing minor building violations. This opportunity is best suited for experienced investors seeking a property with significant upside potential. Serious inquiries only. Financial qualification, including proof of liquid funds, is required before a showing can be scheduled. Listing agent must accompany all showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,954
Year Built
- Built in 1927
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Utilities
- No Cooling
- Central Heating
Additional Features
- 3-Story Property
- Lot Dimensions are 30 x 125
- Partially Finished Basement
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $10,800
- Insurance Expense $5,556
- Trash Expense $220
- Water Sewer Expense $8,400
- Operating Expense $5,867
- Gross Income $67,400
- Net Operating Income $38,804
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,954 | $29,200 | $4,480 | $24,720 |
| 2024 | $2,954 | $29,200 | $4,480 | $24,720 |
| 2023 | $2,879 | $14,000 | $7,466 | $6,534 |
| 2022 | $2,879 | $14,000 | $7,466 | $6,534 |
| 2021 | $1,388 | $13,999 | $7,466 | $6,533 |
| 2020 | $1,432 | $16,346 | $5,375 | $10,971 |
| 2019 | $1,428 | $18,575 | $5,375 | $13,200 |
| 2018 | $1,406 | $18,575 | $5,375 | $13,200 |
| 2017 | $1,506 | $25,490 | $4,778 | $20,712 |
| 2016 | $5,105 | $25,490 | $4,778 | $20,712 |
| 2015 | $1,835 | $25,490 | $4,778 | $20,712 |
| 2014 | $1,820 | $26,711 | $4,181 | $22,530 |
| 2013 | $1,826 | $26,711 | $4,181 | $22,530 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2026 08/11/26 | For Sale | $299,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | First American Title | |
| Warranty Deed | -- | Attorney | |
| Deed | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $260,000 | No Value Available | |
| Closed | $183,618 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12725358
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.