Very unique opportunity to own a solid brick 4-flat with four 3 bedroom 1 1/2 bath units, plus a full basement. TENANT PAYS ELECTRIC & GAS FOR THEIR UNIT!! Large rooms, easy to rent, close to schools, shopping, expressways, and Homewood school district. Includes coin op washer/dryer for extra income. Fully occupied, great income, outstanding cash flow!
Multi-familyProperty Type
1965Year Built
0.27 acresLot Size
$124Est. Price/Sq.Ft.
5 spacesParking
Listed by Richard Peretz• HF Realty
Bought with Tony Stoychev• Keller Williams Realty Ptnr,LL
Source:MRED as Distributed by MLS Grid #10138414
Redfin Estimate
$593,920
$207K since sold in September 2019$14K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 84.4% higher than the average sale price ($322K) of 6 comparable homes.
Very unique opportunity to own a solid brick 4-flat with four 3 bedroom 1 1/2 bath units, plus a full basement. TENANT PAYS ELECTRIC & GAS FOR THEIR UNIT!! Large rooms, easy to rent, close to schools, shopping, expressways, and Homewood school district. Includes coin op washer/dryer for extra income. Fully occupied, great income, outstanding cash flow!
MRED as Distributed by MLS Grid #08726335
Sep 17, 2014
Contingent
—
Sep 17, 2014
Listing Removed
—
MRED as Distributed by MLS Grid #08346661
Aug 2, 2013
Listing Removed
—
May 30, 2013
Listing Removed
—
MRED as Distributed by MLS Grid #08207628
Nov 1, 2012
Listing Removed
—
Public Records
Feb 20, 1979
Sold
$139,000
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$17,569 (+11.6%)
$4,951 + $36,049
$41,000
2022
$15,750 (+7.2%)
$4,368 + $24,990
$29,358
2021
$14,686 (+3.3%)
$4,368 + $24,990
$29,358
2020
$14,217 (−7.4%)
$4,368 + $24,990
$29,358
2019
$15,353 (+16.4%)
$4,077 + $26,503
$30,580
2018
$13,192 (−0.3%)
$4,077 + $26,503
$30,580
2017
$13,235 (+24.1%)
$4,077 + $26,503
$30,580
2016
$10,661 (+1.5%)
$3,785 + $20,184
$23,969
2015
$10,499 (−9.2%)
$3,785 + $20,184
$23,969
2014
$11,566 (+19.7%)
$3,785 + $20,184
$23,969
2013
$9,663 (+1.5%)
$3,785 + $20,651
$24,436
2012
$9,523 (+5.0%)
$3,785 + $20,651
$24,436
2011
$9,072 (−4.4%)
$3,785 + $20,651
$24,436
2010
$9,487 (+7.6%)
$3,785 + $25,057
$28,842
2009
$8,820 (+5.8%)
$3,785 + $25,057
$28,842
2008
$8,336 (+1.3%)
$6,057 + $24,304
$30,361
2007
$8,231
$5,591 + $22,409
$28,000
Tax history for 956 Elder Rd
Year
Property tax
Land + Additions
Assessment*
2023
$17,569 (+11.6%)
$4,951 + $36,049
$41,000
2022
$15,750 (+7.2%)
$4,368 + $24,990
$29,358
2021
$14,686 (+3.3%)
$4,368 + $24,990
$29,358
2020
$14,217 (−7.4%)
$4,368 + $24,990
$29,358
2019
$15,353 (+16.4%)
$4,077 + $26,503
$30,580
2018
$13,192 (−0.3%)
$4,077 + $26,503
$30,580
2017
$13,235 (+24.1%)
$4,077 + $26,503
$30,580
2016
$10,661 (+1.5%)
$3,785 + $20,184
$23,969
2015
$10,499 (−9.2%)
$3,785 + $20,184
$23,969
2014
$11,566 (+19.7%)
$3,785 + $20,184
$23,969
2013
$9,663 (+1.5%)
$3,785 + $20,651
$24,436
2012
$9,523 (+5.0%)
$3,785 + $20,651
$24,436
2011
$9,072 (−4.4%)
$3,785 + $20,651
$24,436
2010
$9,487 (+7.6%)
$3,785 + $25,057
$28,842
2009
$8,820 (+5.8%)
$3,785 + $25,057
$28,842
2008
$8,336 (+1.3%)
$6,057 + $24,304
$30,361
2007
$8,231
$5,591 + $22,409
$28,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
Multiple-Family Residence District
The purpose of the R-4 multiple-family residence district is to promote and maintain the development of multiple-family dwelling units, attached single-family dwelling units, legally established single-family detached residences, and limited other public and institutional uses that are compatible with the surrounding residential neighborhoods. The standards are intended to provide for convenient living at higher densities characteristic of mid-rise buildings.