NOT LISTED FOR SALE

1014 Southgate Dr Mount Vernon, IL 62864

Studio
-- Bath
-- Sq Ft
14 Acres Lot

Sale Details

Date 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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