NOT LISTED FOR SALE

101 S Mclean St Bloomington, IL 61701

Estimated Value: $183,000 - $414,000

6 Beds
6 Baths
4,645 Sq Ft
$54/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $305,000 $66 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,562/month

38 Days on Market

About This Home

As of February 2024

Well maintained properties (one 4-unit and one duplex) with several long term tenants. Each unit is unique. Terrific location in an established neighborhood east of Downtown Bloomington. Enjoy the stability and security of the Midwest housing market, while still experiencing solid growth and rising rents as the Bloomington-Normal, Illinois market expands to meet the needs of growing employers. Parcel 21-04-415-007 is a 4-unit and parcel 21-04-415-008 is a duplex. AGENT INTEREST.

Last Agent to Sell the Property

Laura Pritts

AXIS 360 LLC* License #471021573 Listed on: 10/12/2023

Last Buyer's Agent

Sean Bozarth

RE/MAX Rising License #475135415

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,306

Year Built

  • Built in 1920

Lot Details

  • 6,900 Sq Ft Lot
  • Lot Dimensions are 115 x 60
  • Additional Parcels

Interior Spaces

  • 4,645 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, heat, varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $111
  • Insurance Expense $2,815
  • Maintenance Expense $300
  • Manager Expense $2,658
  • Other Expense $4,608
  • Water Sewer Expense $3,518
  • Operating Expense $19,562
  • Gross Income $47,760
  • Net Operating Income $25,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,306

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Room: 0

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 2658
  • Conversion YN: Y

Fee Information

  • Water Sewer Expenses: 3518

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.16
  • Lot Dimensions: 115 X 60
  • Lot Size Sq Ft: 6900
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 4645

Multi Family

  • Net Operating Income: 25810
  • Insurance Expense: 2815
  • ElectricExpense: 111
  • GrossIncome: 47760
  • Maintenance Expense: 300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19562
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 5306.36
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 15, 2024
Sold by
Wum Properties Llc
Bought by
Farlow Elliot
Seller's Agent
Laura Pritts
AXIS 360 LLC*
Buyer's Agent
Sean Bozarth
RE/MAX Rising
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Views
26
Current Estimated Value
$252,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,502
Avg. Annual Appreciation
-10.52%
Original Mortgage
$244,000
Outstanding Balance
$174,313
Interest Rate
5.87%
Mortgage Type
New Conventional
Estimated Equity
$78,185

Purchase Details

Closed on
Sep 23, 2015
Sold by
White Philip
Bought by
Furst Albert J

Purchase Details

Closed on
Nov 9, 2005
Sold by
White Philip W
Bought by
Furst Albert J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Farlow Elliot $305,000 None Listed On Document
Furst Albert J -- None Available
Furst Albert J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farlow Elliot $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2024 02/15/24 Sold $305,000 -6.2% $66 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $325,000 -- $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 $2,860 $38,901 $6,295 $32,606
2022 $2,860 $33,653 $5,446 $28,207
2021 $2,618 $30,808 $4,986 $25,822
2020 $2,511 $29,623 $4,794 $24,829
2019 $1,454 $17,207 $4,794 $12,413
2018 $1,946 $23,118 $4,794 $18,324
2017 $1,946 $23,118 $4,794 $18,324
2016 $1,943 $23,118 $4,794 $18,324
2015 $1,937 $23,118 $4,794 $18,324
2014 $1,876 $23,118 $4,794 $18,324
2013 -- $23,118 $4,794 $18,324
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Laura Pritts

    AXIS 360 LLC*

    Section Image
  • Sean Bozarth

    Buyer's Agent in 2024

    Sean Bozarth

    RE/MAX

    (309) 261-1302

    87 Total Sales

    Sean Bozarth
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11907202

Midwest Real Estate Data (MRED)

APN: 21-04-415-007

Illinois Mclean County Bloomington 61701

101 S Mclean St, Bloomington, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes