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Eastwood 49048 Eastwood
511 Chicago Street
$100,000
● House - Off Market

511 Chicago Street

Kalamazoo, MI 49048
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,140 Ft²
$739
Est. Monthly
13.21%
Cap Rate

About This Property

Showings begin 7/24/24. Welcome home to this delightful 3-bedroom, 1-bathroom bungalow in Kalamazoo. This charming property features a large, fully fenced yard perfect for outdoor activities, gardening, or simply relaxing. The home boasts an attached 2-car garage, providing ample space for parking and storage. Step inside to find a cozy and inviting living space, perfect for both relaxing and entertaining. The well-maintained interior includes a comfortable living room, a functional kitchen, large dining room and three generously sized bedrooms. The bathroom also includes main floor laundry. Recent updates in the last few years include a new roof, windows, garage door, & gutters.

Contact us today to schedule a viewing and experience the charm of this lovely bungalow firsthan
Unit Size
1,140 Ft²
Days on Market
28 days
Land Size
0.22 acres
Price per sqft
$110
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 months ago (MichRIC MLS #24037603)

Price History

Date / Event Date Event Price
Aug 19, 2024 Sold
Premium
Sold
Jul 26, 2024 In contract -
In contract
Jul 22, 2024 Listed by Keller Williams Kalamazoo Market Center $125,000
Listed by Keller Williams Kalamazoo Market Center
Jan 6, 2009 Sold
Premium
Sold
Oct 16, 2007 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 480
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHERWOOD PARK
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 3868860 3906 14 433 320 SHERWOOD PARK LOTS 420-421

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 001803

Zoning

  • Zoning: R-2

Geography

  • District: 6
  • Parcel: 06-14-433-320
  • Lot: 420-421
  • Municipality: KALAMAZOO TWP
  • Latitude: 42.2963
  • Longitude: -85.5531

    Address

  • Full Address: 511 Chicago Ave
  • Address - House Number: 511
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C005
  • 4-Digit Zip Code: 2091
  • Zip Code: 49048

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $28,138
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 142,575
  • High Value: 171,640
  • Low Value: 113,510

    Market Valuation

  • Market Total Value: $77,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2008
  • Current Sale Recording Date: Jan 06, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 51
  • Current Sale Input Document Number: 2009-000366
  • Previous Sale Recording Date: Oct 16, 2007
  • Previous Sale Contract Date: Jul 26, 2007
  • Previous Sale Amount: $68,124
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Eastwood

Stats & Trends

Median Asking:

$184,950

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

44

Average Home Size

822 ft²

Average Home Age

82.2 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Pamela Kruithof, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 24037603
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 511 Chicago Avenue built and last sold?
The property at 511 Chicago Avenue was built in 1915 and last sold on Dec 19, 2008 for $11,500.
How much is this home worth?
The estimated value of the home located at 511 Chicago Avenue is $128,761.
What are some comparable homes to 511 Chicago Avenue?
There are currently no comparable homes to 511 Chicago Avenue.
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