About The Property

Well-maintained 4-unit corner investment property located in the prime Chatham area, offering strong rental income and excellent investment potential. The building is fully tenant-occupied with security deposits and month to month leases, including several long-term tenants. Tenants pay all utilities, including heat, electricity, and cooking gas. Each apartment features a spacious layout, high ceilings, hardwood floors and front and back access. Each apartment opens with a spacious entry foyer leading to a sunny living room facing the front of the building and hosting a decorative fireplace, two generous bedrooms with closet space, fully equipped kitchen and separate formal dining rooms. Enclosed porch area that can be used for storage and office space. Units areRead MoreRead Less
Courtesy of Century 21 Circle [email protected]; [email protected]
Listing Snapshot
Days Online
0
Last Updated
Property Type
Two To Four Units
Beds
8
Lot Size
2000 Acres
Year Built
1927
MLS Number
12653328
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Additional Details

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Appliances & Equipment
Equipment: "CO Detectors", "Ceiling Fan(s)"
Basement
"Finished", "Exterior Entry", "Full"
Building
Construction Materials: "Brick", Built in 1927, Rebuilt: No
Expenses
Electric: 2640, Insurance: 4123, Maintenance: 6000, Water/Sewer: 2280
Heating
"Natural Gas", "Forced Air", "Sep Heating Systems - 2+"
Lot
2000 acres, Dimensions: 50X125
Parking
Parking Total: 2, "EV Ready", "Garage Faces Side", "Yes"
Property
Zoning: MULTI
Roof
"Rubber"
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan"
Taxes
Annual Taxes: $5,425, Year: 2024, Exemptions: None
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30 Days Snapshot Of 60619
$231k
+11%
(avg) sold price
26
-31%
homes sold
46
+2%
(avg) days on market
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Monthly Payment
$0

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