NOT LISTED FOR SALE

1020 E 5th St Unit 1022 Belvidere, IL 61008

Estimated Value: $264,000 - $356,000

3 Beds
2 Baths
2,728 Sq Ft
$113/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $175,000 $64 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,119/month

2 Days on Market

About This Home

As of April 2023

Opportunity Knocks! Two All Brick Duplex Properties ready to cash flow! Good tenants all want to stay. Units all have the same spacious floorplan with eat-in kitchens, living rooms and half baths on main floor. 3 large bedrooms and full bath on upper floor. $900/unit rents now. Sellers would like to sell as a package. 1014/1016 & 1020/1022 (two separate buildings, side-by-side). Roofs are approximately 9 years old. Newer vinyl facia and gutters. Sellers own all stoves and refrigerators. All have full, unfinished basements. Tenants own the washers/dryers. All utilities are separate. All windows are newer. 1020 has hardwood floors and newer AC. 1022 has 1 year old AC, 2 year old furnace, newer carpeting, separate driveway and tenant lease until June 2023. Other tenants on month to month. Very nice back yard and located on quiet street with little traffic. 1014 has 8 year old AC. One unit per building is available for showings. If serious, all 4 units will be available on 2nd showing. Condition of all units is comparable. They are in clean & good condition. Quick closing possible.

Last Agent to Sell the Property

Kelly Wolf

Keller Williams Realty Signature License #475124687 Listed on: 03/20/2023

Keller Williams Realty Signature

Last Buyer's Agent

Regi Ortega

Century 21 TK Realty License #475125597

Century 21 TK  Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 132x66
  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1968
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 1
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 210000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 100

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.4
  • Lot Dimensions: 132X66
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 24

Tax Info

  • Tax Annual Amount: 10352
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2010
Bought by
Strycharz Genowefa and Strycharz Pawel
Current Estimated Value
$307,947
Source: Public Records

Range of Values:

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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
Strycharz Genowefa $308,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2023 04/21/23 Sold $175,000 -16.7% $64 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $210,000 -- $77 / 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 $5,833 $67,483 $3,844 $63,639
2023 $5,833 $69,027 $5,894 $63,133
2022 $6,176 $63,766 $5,894 $57,872
2021 $5,836 $60,124 $5,894 $54,230
2020 $5,523 $53,564 $6,214 $47,350
2019 $5,184 $67,754 $24,856 $42,898
2018 $5,243 $189,973 $148,694 $41,279
2017 $5,055 $47,511 $6,512 $40,999
2016 $5,637 $50,817 $6,406 $44,411
2015 $5,369 $47,051 $8,008 $39,043
2014 $2,040 $41,885 $8,008 $33,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11740948

Midwest Real Estate Data (MRED)

APN: 05-36-257-017