$300,000
SOLD JAN 30, 2018

100 S 2nd Ave Chenoa, IL 61726

-- Bed
-- Bath
7,722 Sq Ft
0.59 Acres

Recently Sold

$39 Per Sq Ft

8% Below List Price

137 Days on Market

Highlights

  • Central Air
  • Heating System Uses Gas
  • 1-minute walk to Chenoa City Park

About This Home

As of July 2020

Well-maintained 10-unit investment property. 4 end townhouse units, 4 garden units in the center of the property, an efficiency unit and a second story 2 Bedroom unit in the back of the property, near the first floor coin laundry machines, with 2 new coin machines purchased in 2016. Flooring in all units is in good condition and all bathrooms recently updated. All units are furnished with stove and refrigerator. Four newer AC units (2011), water heater new in 2015 and 2 high efficiency boilers, installed in 2007. Twelve new windows with a lifetime, transferrable warranty were installed in 2016. Current owner has been diligent about maintenance and upkeep on this property, which he has owned since 2004. Qualified buyers call for more details.

Last Agent to Sell the Property

Gina Manker

LCBR Conversion Office Listed on: 09/15/2017

Last Buyer's Agent

Gina Manker

LCBR Conversion Office Listed on: 09/15/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,200

Year Built

  • Built in 1973

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2-Story Property

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $14,590
  • Gross Income $58,297
  • Net Operating Income $45,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,200

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1973
  • Built Before 1978 (Y/N): Yes
  • Legal Description: HAMILTONS 1ST ADD TO EAST CHENOA 20' ALLEY S OF & ADJ & W150' LOT 2 BLK 15
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Slab
  • Refrigerators: 7
  • Ranges: 7
  • Room: 5
  • Room: 5
  • Room: 5

Exterior Features

  • List Price: 325000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: Paved

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heat/Ventilation: Electric,Gas

Lot Info

  • Lot Dimensions: 0.00
  • Zoning: COMMR

Rental Info

  • Board Number: 24

Multi Family

  • Net Operating Income: 45625
  • GrossIncome: 58297
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 14590
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7200
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2019
Closed on
Jul 31, 2020
Sold by
Popejoy Management Llc
Bought by
Anderson Zachary L and Anderson Karla K
Seller's Agent
Kelly Gerber
Green Street Realty
Buyer's Agent
Zachary Anderson
Keller Williams Revolution
List Price
$339,000
Sold Price
$291,000
Premium/Discount to List
-$48,000
-14.16%
Current Estimated Value
$431,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,858
Avg. Annual Appreciation
6.89%
Original Mortgage
$232,000
Outstanding Balance
$207,184
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$202,623

Purchase Details

Closed on
May 1, 2009
Sold by
Km1 Llc
Bought by
Km1 Llc Second Street
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $291,000 Ftc
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $232,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $291,000 -10.4% --
06/29/2020 06/29/20 Pending -- -- --
05/27/2020 05/27/20 Price Changed $324,900 -3.0% --
02/04/2020 02/04/20 Price Changed $334,900 -1.2% --
11/14/2019 11/14/19 For Sale $339,000 +13.0% --
01/30/2018 01/30/18 Sold $300,000 -7.7% $39 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
09/15/2017 09/15/17 For Sale $325,000 -- $42 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $8,450 $101,856 $8,641 $93,215
2022 $8,450 $87,633 $7,434 $80,199
2021 $8,129 $85,629 $7,264 $78,365
2020 $7,787 $79,618 $6,754 $72,864
2019 $7,995 $79,618 $6,754 $72,864
2018 $8,491 $78,838 $6,688 $72,150
2017 $7,599 $78,838 $6,688 $72,150
2016 $7,200 $78,838 $6,688 $72,150
2015 $7,053 $80,892 $6,862 $74,030
2014 $7,020 $80,892 $6,862 $74,030
2013 -- $81,775 $6,937 $74,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10290003

Midwest Real Estate Data (MRED)

APN: 03-01-356-001