101 S Center St Colfax, IL 61728
Estimated payment $2,155/month
About This Home
Located in the heart of Colfax this 7 unit apartment building is an investors dream! Updated roof in 2024 and long time renters! Leases are up at the end of March 2025 and the financials speak for themselves. Do not miss out on this great opportunity and schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,625
Year Built
- Built in 1874
Additional Features
- 2-Story Property
- Lot Dimensions are 50x130
- Central Heating
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $200
- Insurance Expense $412
- Operating Expense $8,964
- Gross Income $4,400
- Net Operating Income $43,836
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,491 | $19,394 | $1,545 | $17,849 |
| 2022 | $1,491 | $15,816 | $1,260 | $14,556 |
| 2021 | $1,407 | $14,964 | $1,192 | $13,772 |
| 2020 | $1,384 | $14,640 | $1,166 | $13,474 |
| 2019 | $1,384 | $14,640 | $1,166 | $13,474 |
| 2018 | $1,299 | $14,178 | $1,129 | $13,049 |
| 2017 | $1,211 | $13,832 | $1,101 | $12,731 |
| 2016 | $1,187 | $13,669 | $1,088 | $12,581 |
| 2015 | $1,211 | $13,976 | $1,112 | $12,864 |
| 2014 | $1,165 | $13,874 | $1,104 | $12,770 |
| 2013 | -- | $14,665 | $1,167 | $13,498 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/01/2025 01/01/25 | For Sale | $369,000 | 0.0% | -- |
| 12/31/2024 12/31/24 | Off Market | $369,000 | -- | -- |
| 10/02/2024 10/02/24 | For Sale | $369,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12161284
APN: 17-03-283-001
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