NOT LISTED FOR SALE

101 E Kimball Rd Tampico, IL 61283

Estimated Value: $161,145

12 Beds
8 Baths
-- Sq Ft
0.33 Acres

Last Sold July 24, 2020

Last sale price $117,500

Est. 37% increase in value since last sale

Current estimated payment $1,122/month

6 Days on Market

About This Home

As of July 2020

Money maker! 8 nice units that has been bringing in $43,200 a year rental income. Currently 3 units are occupied but all are rentable with minimal or no repairs. Four 2 bedroom units and four 1 bedroom units with coin operated laundry in each building. New windows throughout in 2015, parking lot sealed in 2015, trees topped in 2020, and laminate flooring in all units and main areas in 2015. All appliances included. Tenants to provide their own window air conditioners. Tenants pay electric (heat is electric too) and landlord pays water, sewer, and garbage. Owner inherited recently and doesn't desire to be a landlord so this is your chance!

Last Agent to Sell the Property

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781 Listed on: 06/18/2020

Last Buyer's Agent

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781 Listed on: 06/18/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,867

Year Built

  • Built in 1920

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 150x150
  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • No Cooling
  • Heating Available
  • Separate Meters
  • 120/240V
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,626
  • Insurance Expense $3,564
  • Operating Expense $15,600
  • Gross Income $43,200
  • Net Operating Income $34,236

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,867

Year Built

Built in 1920

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: 2
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property,None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Possible Use: Commercial
  • Basement Description: Crawl
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Steel Siding
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: Common Parking,Open,Paved,Private Lot

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps, Power - 120V
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.33
  • Lot Dimensions: 150X150
  • Lot Size Sq Ft: 14375
  • Zoning: COMMR
  • Land Amenities: Children's Play Yard,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 18

Multi Family

  • Net Operating Income: 34236
  • Insurance Expense: 3564
  • ElectricExpense: 1626
  • GrossIncome: 43200
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 15600
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 3866.54
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2014
Sold by
United States Of America
Bought by
Kelly Steven R and Kelly Nora A
Current Estimated Value
$161,145

Purchase Details

Closed on
Sep 30, 2013
Sold by
Land Of Lincoln Housing Of Tampico Limit
Bought by
United States Of America
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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Purchase History

Date Buyer Sale Price Title Company
Kelly Steven R $125,000 Lakeshore Title Agency
United States Of America -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $117,500 +2.2% --
06/24/2020 06/24/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $115,000 -- --
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 $3,457 $44,065 $2,000 $42,065
2023 $3,524 $44,065 $2,000 $42,065
2022 $3,578 $44,543 $2,478 $42,065
2021 $3,646 $44,543 $2,478 $42,065
2020 $3,821 $44,543 $2,478 $42,065
2019 $3,793 $44,543 $2,478 $42,065
2018 $3,774 $44,543 $2,478 $42,065
2017 $3,824 $44,543 $2,478 $42,065
2016 $3,955 $44,543 $2,478 $42,065
2015 $3,896 $44,543 $2,478 $42,065
2014 $3,826 $44,543 $2,478 $42,065
2013 -- $44,543 $2,478 $42,065
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10752107

Midwest Real Estate Data (MRED)

APN: 2214355010