NOT LISTED FOR SALE

Estimated Value: $260,000 - $292,000

8 Beds
4 Baths
-- Sq Ft
9,714 Sq Ft Lot

Last Sold October 12, 2018

Last sale price $162,500

Est. 67% increase in value since last sale

Current estimated payment $1,825/month

7 Days on Market

About This Home

As of October 2018

Nice all brick 4-unit apartment building. Very large (1000 sg. ft.) 2 bedrooms units with individual utility rooms & access to bathroom from master bedroom. Garages are carports. Stove, Refrigerator & Dishwasher in each unit. Central AC, Tenants pay all utilities. Great rental history. Building info, expenses & updates in associated docs. No sign in yard.

Last Agent to Sell the Property

Mark Bowers

BHHS Central Illinois, REALTORS License #471003510 Listed on: 08/07/2018

BHHS Central Illinois, REALTORS

Last Buyer's Agent

Mark Bowers

BHHS Central Illinois, REALTORS License #471003510 Listed on: 08/07/2018

BHHS Central Illinois, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,044

Year Built

  • Built in 1975

Lot Details

  • 9,714

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Schools

  • Fairview Elementary School
  • Chiddix Jr High Middle School
  • Normal Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Lot Dimensions are 81 x 120

Community Details

Overview

  • 4 Units
  • Normal Subdivision

Building Details

  • Maintenance Expense $1,306
  • Net Operating Income $17,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,044

Year Built

Built in 1975

Lot Details

9,714 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Normal
  • Year Built: 1975
  • Age: 41-50 Years
  • Legal Description: SUMMIT COURTS SUB LOT 15
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Crawl,None
  • Below Grade Bedrooms: 0

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Other Expenses $: 9328

Schools

  • Elementary School: FAIRVIEW ELEMENTARY
  • High School: NORMAL COMMUNITY HIGH SCHOOL
  • Middle/Junior School: CHIDDIX JR HIGH

Lot Info

  • Lot Dimensions: 81 X 120

Rental Info

  • TenantPays: Gas,Electric

Multi Family

  • Net Operating Income: 17972
  • Maintenance Expense: 1306
  • Units in Building: 4
  • Type-Multi: Other,4 Flat

Tax Info

  • Tax Annual Amount: 5044
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Oct 12, 2018
Sold by
Schenk Andrew and Schenk Shae
Bought by
Gen 3 Managements Llc
Seller's Agent
Mark Bowers
BHHS Central Illinois, REALTORS
Buyer's Agent
Mark Bowers
BHHS Central Illinois, REALTORS
List Price
$169,900
Sold Price
$162,500
Premium/Discount to List
-$7,400
-4.36%
Current Estimated Value
$271,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,554
Avg. Annual Appreciation
7.15%
Original Mortgage
$130,000
Outstanding Balance
$45,292
Interest Rate
4.5%
Estimated Equity
$225,762
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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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
Gen 3 Managements Llc $162,500 Alliance Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gen 3 Managements Llc $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2018 10/12/18 Sold $162,500 -4.4% --
08/14/2018 08/14/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $169,900 +8.9% --
10/20/2016 10/20/16 Sold $156,000 -8.2% -- View Prior Sale
08/05/2016 08/05/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $169,900 -- --
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
2024 $5,159 $80,606 $16,823 $63,783
2022 $5,159 $57,428 $13,609 $43,819
2021 $4,983 $54,183 $12,840 $41,343
2020 $4,955 $53,620 $12,707 $40,913
2019 $4,787 $53,332 $12,639 $40,693
2018 $4,735 $52,767 $12,505 $40,262
2017 $5,044 $58,296 $12,505 $45,791
2016 $4,989 $58,296 $12,505 $45,791
2015 $4,854 $56,930 $12,212 $44,718
2014 $4,794 $56,930 $12,212 $44,718
2013 -- $56,930 $12,212 $44,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10245812

Midwest Real Estate Data (MRED)

APN: 14-21-402-005

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