NOT LISTED FOR SALE

Estimated Value: $809,585

23 Beds
12 Baths
9,996 Sq Ft
$81/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $710,000 $71 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,110/month

1 Day on Market

Highlights

  • Property is near public transit
  • Storage Room
  • Heating Available
  • Normal Community High School Rated A-

About This Home

As of December 2023

REMODELED 12 UNIT APARTMENT BUILDING with SEVERAL NEW kitchens (cabinets, appliances, countertops, floors), flooring (new throughout several apartments and hallways), appliances, heating systems, & more...in a university town! * 11 two-bedroom units and 1 one-bedroom unit. * All have larger-than-usual living rooms, contemporary eat-in kitchens, and good-sized bedrooms with full closets. * Tenants love the living space plus the 3 good-sized storage closets in each apartment. * Huge 20+ space parking lot in a quiet residential neighborhood. * CLOSE TO I.S.U. CAMPUS, WATER PARK, RESTAURANTS & SHOPPING. * VERY EASY TO RENT to community or student/staff. Smoke-free and pet-free building. Own investment property in a landlord-friendly town, and minutes to I.S.U. campus and athletic fields.

Last Agent to Sell the Property

Janice Vidovic

Clients Are Golden Realty,LLC License #471019870 Listed on: 11/06/2023

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,424

Year Built

  • Built in 1970

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 136x105x120x82

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 9,996 Sq Ft Home
  • 3-Story Property
  • Storage Room

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 12 Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $576
  • Fuel Expense $3,850
  • Insurance Expense $5,227
  • Maintenance Expense $7,704
  • Trash Expense $1,555
  • Water Sewer Expense $6,688
  • Operating Expense $25,600
  • Gross Income $8,600
  • Net Operating Income $67,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,424

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1970
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Lock Box,Show-Special Instructions,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 23
  • Misc Inside: Inside Corridor/s,Storage Inside
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • Exterior Building Type: Brick
  • Misc Outside: Enclosed Stairs,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Water-Municipal, Cable Available
  • Heat/Ventilation: Electric,Separate Per Unit

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1555
  • Water Sewer Expenses: 6688

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.58
  • Lot Dimensions: 136X105X120X82
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready
  • Alternate Phone Number: (217) 344-9999

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 22
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 9996
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 67176
  • Fuel Expense: 3850
  • Insurance Expense: 5227
  • ElectricExpense: 576
  • GrossIncome: 8600
  • Maintenance Expense: 7704
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 25600
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10424
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2019
Sold by
Narayan Satendra and Narayan Suhda
Bought by
Smith Creek Llc
Current Estimated Value
$809,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Smith Creek Llc $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Creek Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $710,000 +1.4% $71 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $699,999 -- $70 / 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 $10,424 $173,205 $39,378 $133,827
2022 $10,424 $116,042 $31,855 $84,187
2021 $10,069 $109,484 $30,055 $79,429
2020 $10,013 $108,347 $29,743 $78,604
2019 $9,674 $107,765 $29,583 $78,182
2018 $9,567 $106,624 $29,270 $77,354
2017 $9,226 $106,624 $29,270 $77,354
2016 $10,819 $126,411 $29,270 $97,141
2015 $10,526 $123,448 $28,584 $94,864
2014 $10,395 $123,448 $28,584 $94,864
2013 -- $123,448 $28,584 $94,864
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11860259

Midwest Real Estate Data (MRED)

APN: 14-21-402-009