NOT LISTED FOR SALE

1016 E Main St Belleville, IL 62220

Estimated Value: $174,000 - $202,000

-- Bed
-- Bath
2,856 Sq Ft
$68/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $80,000 $28 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,433/month

27 Days on Market

About This Home

As of November 2020

4 unit apartment building conveniently located on E. Main in Belleville. Roof replaced November 2017. All four units have had some updates during the last five years. Fully rented and easy to rent when tenants move out. Rents are low and have room to be increased. Two units rent for $450 and two are $525. Expenses include: taxes ($2171), Insurance ($1778), & Water Sewer & Trash ($2650). Landlord pays water, sewer, and trash. Tenants pay electricity and gas. (Listing agent has ownership interest in property.

Last Agent to Sell the Property

Tom James

1st Alliance Real Estate License #471002923 Listed on: 08/22/2020

Last Buyer's Agent

Michael Sintzel

AH Realty Advisors, LLC License #475158276

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,961

Year Built

  • Built in 1965

Lot Details

  • 7,275 Sq Ft Lot
  • Lot Dimensions are 48x150

Parking

  • Off-Street Parking

Home Design

  • 2,856 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Cedar

Schools

  • Belleville Dist 118 Elementary And Middle School
  • Belleville High School-East

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 08-22.0-423-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,961

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: N. Douglas
  • Municipality Township: Belleville
  • Special Description: No Exemptions
  • Age: 55
  • Ownership: Private
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement
  • Square Footage: 2856

Exterior Features

  • Construction: Cedar/Wood, Frame

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: 3 Plus Window/Wall
  • Heating: Forced Air

Schools

  • Elementary School: BELLEVILLE DIST 118
  • Junior High School: BELLEVILLE DIST 118
  • School District: Belleville DIST 118
  • Senior High School: Belleville High School-East

Lot Info

  • Lot Dimensions: 48x150
  • Lot Sq Ft: 7275
  • Acres: 0.1670

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 23400.00
  • Units: 1
  • Total Expenses: 6606.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 2171
  • Assessor Parcel Number: 08-22.0-423-006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2020
Closed on
Nov 17, 2020
Sold by
Ist Alliance Real Estate Inc
Bought by
Cullen Properties Llc
Seller's Agent
Tom James
1st Alliance Real Estate
Buyer's Agent
Michael Sintzel
AH Realty Advisors, LLC
List Price
$114,900
Sold Price
$80,000
Premium/Discount to List
-$34,900
-30.37%
Current Estimated Value
$193,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,881
Avg. Annual Appreciation
19.58%

Purchase Details

Closed on
Dec 31, 2013
Sold by
Stillwater Corporation
Bought by
1St Alliance Real Estate Inc and Eclectic Assets Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 16, 2008
Sold by
Stillwater Corp
Bought by
Stillwater Corp and 1016 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.55%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cullen Properties Llc $175,000 Illinois Title & Escrow
1St Alliance Real Estate Inc $1,625,000 Community Title Shiloh Llc
Stillwater Corp -- First County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1St Alliance Real Estate Inc $1,200,000
Previous Owner Stillwater Corp $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $80,000 -30.4% $28 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $114,900 -- $40 / Sq Ft
Source: MARIS MLS

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 $4,961 $56,411 $6,512 $49,899
2023 $4,159 $44,308 $6,384 $37,924
2022 $3,818 $39,888 $5,747 $34,141
2021 $3,677 $36,875 $5,313 $31,562
2020 $3,574 $34,871 $5,024 $29,847
2019 $2,171 $20,952 $5,031 $15,921
2018 $2,122 $20,499 $4,922 $15,577
2017 $2,106 $20,356 $4,888 $15,468
2016 $2,079 $19,923 $4,784 $15,139
2014 $1,569 $16,971 $5,961 $11,010
2013 $1,553 $17,213 $6,046 $11,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS20059451

MARIS MLS

APN: 08-22.0-423-006