NOT LISTED FOR SALE

1007 S Locust St Champaign, IL 61820

85 Beds
-- Bath
-- Sq Ft
0.53 Acres

Last Sold September 03, 2015

Last sale price $5,125,000

139 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • 5-minute walk to Washington Park
  • Central High School Rated A

About This Home

As of September 2015

owners are agents A rare opportunity to buy a campus rental property. 100% occupancy since it was built. Plenty of amenities.

Last Agent to Sell the Property

RJ Cook

RE/MAX REALTY ASSOC-MONTICELLO License #475136249 Listed on: 03/12/2015

RE/MAX REALTY ASSOC-MONTICELLO

Last Buyer's Agent

Alex Ruggieri

SVN | North Star License #471005727

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $101,000

Lot Details

  • 0.53

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction

Interior Spaces

  • 85 Bedrooms
  • 3-Story Property
  • Laundry Room

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 29 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$101,000

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Stories: 3
  • Legal Description: LOTS 3,4,AND 5 SCOTT HEIRS SUB
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 85
  • Fire Protection: Other
  • Misc Inside: Laundry Room

Exterior Features

  • Construction Materials: Brick, Wood Frame
  • List Price: 5399000
  • Exterior Building Type: Block,Vinyl Siding
  • Roof Structure: Other
  • Misc Outside: Balcony/ies

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Electric,Gas,Forced Air

Lot Info

  • Lot Dimensions: 23,166 SQ FT

Rental Info

  • Board Number: 22

Multi Family

  • NumberOfUnitsTotal: 29

Tax Info

  • Tax Annual Amount: 101000
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2020
Sold by
Ginger C Llc
Bought by
Illini Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,620,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 12, 2015
Closed on
Jul 28, 2015
Sold by
Castle On Locust Llc
Bought by
J S J Properties Inc
Seller's Agent
RJ Cook
RE/MAX REALTY ASSOC-MONTICELLO
Buyer's Agent
Alex Ruggieri
SVN | North Star
List Price
$5,699,000
Sold Price
$5,125,000
Premium/Discount to List
-$574,000
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,497,282
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Buyer Sale Price Title Company
Illini Rental Properties Llc $5,882,000 None Available
J S J Properties Inc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Illini Rental Propetries Llc $7,480,000
Closed Illini Rental Properties Llc $6,620,000
Previous Owner Ginger C Llc $1,497,282
Previous Owner J S J Properties Inc $2,884,899
Previous Owner Castle On Locust Llc $3,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2015 09/03/15 Sold $5,125,000 -10.1% --
07/29/2015 07/29/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $5,699,000 -- --
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 $160,018 $1,592,800 $338,430 $1,254,370
2023 $160,018 $1,774,450 $308,220 $1,466,230
2022 $150,531 $1,636,950 $284,340 $1,352,610
2021 $138,600 $1,514,010 $262,980 $1,251,030
2020 $132,202 $1,441,920 $250,460 $1,191,460
2019 $127,955 $1,412,260 $245,310 $1,166,950
2018 $125,081 $1,390,020 $241,450 $1,148,570
2017 $125,602 $1,390,020 $241,450 $1,148,570
2016 $112,612 $1,361,430 $236,480 $1,124,950
2015 $103,598 $1,337,360 $232,300 $1,105,060
2014 $102,714 $1,220,970 $115,910 $1,105,060
2013 -- $1,220,970 $115,910 $1,105,060
Source: Public Records

Agents Affiliated with this Home

  • RJ Cook

    Seller's Agent in 2015

    RJ Cook

    RE/MAX REALTY ASSOC-MONTICELLO

    (217) 202-5391

    27 Total Sales

    RJ Cook
    Section Image
  • Alex Ruggieri

    Buyer's Agent in 2015

    Alex Ruggieri

    SVN | North Star

    (217) 366-3414

    14 Total Sales

    Alex Ruggieri
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09425738

Midwest Real Estate Data (MRED)

APN: 43-20-13-284-015

Illinois Champaign County Champaign 61820

1007 S Locust St, Champaign, IL

This home is located at 1007 S Locust St, Champaign, IL 61820 since 12 March 2015. 1007 S Locust St is a home located in Champaign County with nearby schools including Central High School, Montessori Habitat School, and Holy Cross Elementary School.

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