NOT LISTED FOR SALE

Estimated Value: $289,498 - $388,000

10 Beds
5 Baths
-- Sq Ft
0.3 Acres

Last Sold February 28, 2020

Last sale price $232,000

Est. 47% increase in value since last sale

Current estimated payment $2,269/month

199 Days on Market

About This Home

As of February 2020

Great investment opportunity in central location! 5 units all with 2 bedrooms/1bath. Rent roll & expenses available upon request. Can be purchased individually or as a package with building next door at 206 Shelbourne - see MLS#10305634

Last Agent to Sell the Property

John Albee

BHHS Central Illinois, REALTORS License #475071164 Listed on: 07/10/2019

BHHS Central Illinois, REALTORS

Co-Listed By

Melissa Dittbenner

BHHS Central Illinois, REALTORS License #475175689

Last Buyer's Agent

Monica Bullington

RE/MAX Rising License #475167804

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 0.3

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air

Community Details

  • Insurance Expense $2,228
  • Manager Expense $2,420

Listing and Financial Details

  • Tenant pays for varies by tenant
  • $3,534 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Individual
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 23325
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 2210
  • Roof Structure: Pitched
  • Scavenger Expense: 350
  • Total Annual Exp: 15495
  • Total Annual Income: 38820
  • Total Monthly Income: 3235
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1969
  • Type Multi Family: Condo/Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1969

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.3

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Forced Air, Gas
  • Water Expense: 2128

Condo/Co-op/Association

  • Units in Building: 5
  • Manager Expense: 2420

Lot Info

  • Lot Dimensions: 121 X 111
  • Parcel Identification Number: 1421402010
  • BNAR Zoning: R2

Rental Info

  • Gross Rental Income: 43020
  • Tenant Pays: Varies by Tenant

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 2228
  • Other Expenses: 800
  • Number Of Dishwashers: 5

Tax Info

  • Taxes: 5359

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Feb 28, 2020
Sold by
Fairview Normal Apartments Llc
Bought by
Schumacher Kristin
Seller's Agent
John Albee
BHHS Central Illinois, REALTORS
Buyer's Agent
Monica Bullington
RE/MAX Rising
List Price
$249,500
Sold Price
$232,000
Premium/Discount to List
-$17,500
-7.01%
Current Estimated Value
$341,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,125
Avg. Annual Appreciation
6.80%

Purchase Details

Closed on
Mar 30, 2017
Sold by
Miller Alvi W and Miller Sheila A
Bought by
Fairview Normal Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
4.1%

Purchase Details

Closed on
May 24, 2007
Sold by
Ball Robert R and Ball Linda A
Bought by
Miller Alvin W and Miller Sheila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Schumacher Kristin $232,000 Alliance Land Title
Fairview Normal Apartments Llc $225,000 None Available
Miller Alvin W $217,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fairview Normal Apartments Llc $191,250
Previous Owner Miller Alvin W $174,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $232,000 -3.1% --
01/25/2020 01/25/20 Pending -- -- --
08/30/2019 08/30/19 Price Changed $239,500 -4.0% --
07/10/2019 07/10/19 For Sale $249,500 -- --
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 $5,839 $91,426 $21,033 $70,393
2022 $5,839 $65,004 $17,014 $47,990
2021 $5,640 $61,330 $16,052 $45,278
2020 $5,609 $60,693 $15,885 $44,808
2019 $5,419 $60,367 $15,800 $44,567
2018 $5,359 $59,728 $15,633 $44,095
2017 $5,168 $59,728 $15,633 $44,095
2016 $5,112 $59,728 $15,633 $44,095
2015 $4,973 $58,329 $15,267 $43,062
2014 $4,912 $58,329 $15,267 $43,062
2013 -- $58,329 $15,267 $43,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10446483

Midwest Real Estate Data (MRED)

APN: 14-21-402-010