NOT LISTED FOR SALE
6 Beds
2 Baths
-- Sq Ft
1906 Built

Sale Details

Date Sold: November 30, 2021

Last sale price $530,000

5 Days on Market

Highlights

  • Waterfront
  • 2 Car Detached Garage
  • Bungalow
  • Property is near park
  • Enclosed Patio or Porch
  • Paved or Partially Paved Lot

About This Home

As of November 2021

Historic bungalow 2 flat provides investors with the opportunity for immediate cash flow and material future upside in a prime location. Truly an ideal arm chair investment. Formal living and dining rooms in each unit. Extensive upgrades throughout the entire building. Central Heat and Air, New Water Heaters, Copper Plumbing, Separate Electric & New Panels; New Roof -2019; New and Capped Windows; New Appliances. The top floor kitchen gut renovated. Unfinished HIGH ceiling basement just waiting for expansion. Upper floor can be duplexed into attic. 2 Car garage and large backyard. So many possibilities (Vacation Rental, House Hacking, Multi Generational Living).

Last Agent to Sell the Property

Giancarlo Bargioni

Keller Williams ONEChicago License #471014348 Listed on: 09/08/2021

Keller Williams ONEChicago

Last Buyer's Agent

Andrew Tsoukalis

@properties Christie's International Real Estate License #475159396

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,291

Year Built

  • Built in 1906 | Remodeled in 2017

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Bungalow
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Lot Details

  • Waterfront
  • Paved or Partially Paved Lot

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch
  • Property is near park

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,496
  • Fuel Expense $1,420
  • Insurance Expense $2,500
  • Maintenance Expense $1,500
  • Professional Management Expense $1,000
  • Water Sewer Expense $1,200
  • Gross Income $58,656
  • Net Operating Income $40,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,291

Year Built

Built in 1906 | Remodeled in 2017

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Professional Management Expense: 1000
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding,Brick,Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1200
  • Trash Expense Year: 2021

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 3750
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 40316
  • Fuel Expense: 1420
  • Insurance Expense: 2500
  • ElectricExpense: 1496
  • GrossIncome: 58656
  • Maintenance Expense: 1500
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6291
  • Tax Year: 2019
  • 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
11/30/2021 11/30/21 Sold $530,000 +6.2% --
09/14/2021 09/14/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $499,000 +61.0% --
01/07/2015 01/07/15 Sold $310,000 -2.8% -- View Prior Sale
10/06/2014 10/06/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $319,000 -- --
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 $10,309 $45,780 $13,875 $31,905
2024 $10,309 $45,780 $13,875 $31,905
2023 $10,027 $52,000 $11,250 $40,750
2022 $10,027 $52,000 $11,250 $40,750
2021 $9,820 $52,003 $11,253 $40,750
2020 $6,042 $30,128 $5,437 $24,691
2019 $6,291 $34,630 $5,437 $29,193
2018 $6,841 $34,630 $5,437 $29,193
2017 $6,103 $28,351 $4,875 $23,476
2016 $5,678 $28,351 $4,875 $23,476
2015 $5,195 $28,351 $4,875 $23,476
2014 $3,727 $20,087 $4,500 $15,587
2013 $2,834 $20,087 $4,500 $15,587
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11193645

Midwest Real Estate Data (MRED)
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