NOT LISTED FOR SALE

1007 S Locust St Champaign, IL 61820

Estimated Value: $6,933,000

85 Beds
-- Bath
-- Sq Ft
0.53 Acres Lot

Sale Details

Date Sold: September 3, 2015

Last sale price $5,125,000

Est. 35% increase in value since last sale

Current estimated payment $48,550 / mo

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

0.53 Acres

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
  • 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
Current Estimated Value
$6,933,000

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
Outstanding Balance
$5,798,606
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$1,134,394

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.
Avg. Annual Appreciation
2.87%
Original Mortgage
$2,884,899
Interest Rate
4.01%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Illini Rental Properties Llc $6,620,000
Previous Owner J S J Properties Inc $2,884,899
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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
2025 $138,900 $1,180,000 $379,720 $800,280
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

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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

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