NOT LISTED FOR SALE

1014 Southgate Dr Mount Vernon, IL 62864

Studio
-- Bath
-- Sq Ft
609,840 Sq Ft Lot

Last Sold May 30, 2014

Last sale price $750,000

8 Days on Market

About This Home

As of May 2014

Bldg. A, 1014 Southgate Dr. - two 1 bed & six 2 bed units; Bldg. B, 2716 Colonial Dr. - eight 2 bed units; Bldg. C, 2710 Colonial Dr. - eight 1 bed & four efficiency units; 1021 Southgate Dr. - eight 1 bed units; Rent currently ranges from $400 - $550 per month with some vacancies. Excellent business opportunity for savvy investor. This 36 unit apartment complex with carports plus 3 houses on 14+ acres is conveniently located on the South edge of Mt. Vernon close to I-57, I-64 and Continental Tire. The serene open space is already platted for additional apartments. Disclosure: Additional information available on this listing. Personal Property Incl: All furniture and appliances owned by Landlord to be transferred with sale. Water Company: City of Mt Vernon

Last Agent to Sell the Property

Tom Cox

Buy Home Realty License #471.002884 Listed on: 04/02/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,646

Lot Details

  • 14

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Additional Features

  • Block Basement Construction
  • 14 Acre Lot

Community Details

  • 36 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,646

Lot Details

14 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Legal Description: SAM CASEY SUB SEC 5 & 8 LT 14 LYG W 1/2 NW EX W 200' LYG E & ADJ TO SOUTHGATE SUB PHASE 1 & EX 525.6
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Concrete

Exterior Features

  • Construction Materials: Brick, Vinyl Siding

Lot Info

  • Lot Size Acres: 14
  • Lot Dimensions: 0
  • Zoning: Multi
  • Property Offered: For Sale Only

Rental Info

  • Board Number: 29

Multi Family

  • NumberOfUnitsTotal: 36

Tax Info

  • Tax Annual Amount: 34646
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $750,000 -16.2% --
04/10/2014 04/10/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $895,000 -- --
Source: Midwest Real Estate Data (MRED)

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB325291

Midwest Real Estate Data (MRED)
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