NOT LISTED FOR SALE

1029 N University St Peoria, IL 61606

West Bluff Neighborhood

Estimated Value: $489,140

-- Bed
5 Baths
3,456 Sq Ft
$142/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $471,000 $136 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,341/month

67 Days on Market

Highlights

  • Furnished
  • Forced Air Heating System
  • Level Lot

About This Home

As of December 2023

Great investment opportunity close to Bradley University! This 6 unit apartment building was renovated in 2017. The renovations include HVAC, ducts, water heaters, wiring, electric panels, plumbing, plaster, flooring, kitchen, bathrooms and deck. Three units have a long term lease and three units are Air BnB. Five of the units are one bedroom, one bath. One unit is a studio apartment. Each unit is fully furnished. Schedule your showing today!

Last Agent to Sell the Property

William Tompkins

EXP Realty, LLC Brokerage Phone: 309-224-9977 License #475133342 Listed on: 08/31/2023

EXP Realty, LLC

Last Buyer's Agent

Tracy Morris

EXP Realty, LLC License #475190471

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,939

Year Built

  • Built in 1955

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x146
  • Level Lot

Home Design

  • Shingle Roof

Interior Spaces

  • 3,456 Sq Ft Home
  • Furnished
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Alley Access

Schools

  • Peoria High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • The Uplands Subdivision
  • Trash Expense $1,779

Listing and Financial Details

  • Assessor Parcel Number 18-05-328-043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,939

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1955
  • New Construction: No
  • Structure Type: Apartment Building
  • PricePerSqFt: 136.28
  • Age55PlusDevelopment: No
  • Attribution Contact: Mobl: 309-224-9977
  • Special Features: None

Interior Features

  • Basement: Full
  • Interior Amenities: Furnished

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Alley, Paved
  • Construction Type: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 6

Utilities

  • Heating: Forced Air, Gas, Central Air
  • Electric Expense: 3062
  • Water Sewer Expenses: 2817
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 6
  • NumberOfHeatingUnits: 6
  • NumberOfCentralAirUnits: 6
  • NumberOfGasMeters: 6
  • NumberOfElectricMeters: 6
  • NumberofWaterMeters: 1
  • NumberOfRanges: 6
  • NumberofRefrigerators: 6
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • LawnSnowRemoval: 500

Fee Information

  • Trash Expense: 1779
  • AdvertisingExpense: 0
  • OtherExp1Description: Internet
  • OtherExp2Description: Cleaning

Schools

  • High School: Peoria High

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size: 40x146
  • Parcel #: 18-05-328-043

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5358.38
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 74137
  • Annual Operating Expense: 29525

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Dec 13, 2023
Sold by
Simonson Investments Llc
Bought by
Plc Great Falls Llc
Seller's Agent
William Tompkins
EXP Realty, LLC
Buyer's Agent
Tracy Morris
EXP Realty, LLC
List Price
$500,000
Sold Price
$471,000
Premium/Discount to List
-$29,000
-5.8%
Total Days on Market
67
Views
147
Current Estimated Value
$489,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,140
Avg. Annual Appreciation
2.60%
Original Mortgage
$748,800
Outstanding Balance
$565,150
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
-$76,010

Purchase Details

Closed on
Dec 12, 2017
Sold by
Fricke Lyle R and Fricke Mary A
Bought by
Simonson Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,628
Interest Rate
3.94%
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
Plc Great Falls Llc $471,000 None Listed On Document
Simonson Investments Llc -- Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plc Great Falls Llc $748,800
Previous Owner Simonson Investments Llc $214,900
Previous Owner Simonson Investments Llc $266,000
Previous Owner Simonson Investments Llc $130,628
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $471,000 -5.8% $136 / Sq Ft
08/31/2023 08/31/23 For Sale $500,000 +174.1% $145 / Sq Ft
05/19/2015 05/19/15 Sold $182,400 -3.9% $53 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
03/15/2015 03/15/15 For Sale $189,900 -- $55 / Sq Ft
Source: RMLS Alliance

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 $8,939 $98,830 $7,340 $91,490
2023 $6,347 $67,460 $6,730 $60,730
2022 $5,358 $55,550 $5,440 $50,110
2021 $5,523 $55,550 $5,440 $50,110
2020 $5,566 $55,550 $5,440 $50,110
2019 $5,647 $56,680 $5,550 $51,130
2018 $4,932 $50,640 $5,540 $45,100
2017 $1,726 $51,150 $5,600 $45,550
2016 $4,794 $51,150 $5,600 $45,550
2015 $3,896 $50,150 $5,490 $44,660
2014 -- $42,320 $5,360 $36,960
2013 -- $42,320 $5,360 $36,960
Source: Public Records

Agents Affiliated with this Home

  • William Tompkins

    Seller's Agent in 2023

    William Tompkins

    EXP Realty, LLC

    (309) 224-9977

    8 in this area

    81 Total Sales

    William Tompkins
    Section Image
  • Tracy Morris

    Buyer's Agent in 2023

    Tracy Morris

    EXP Realty, LLC

    (309) 678-6648

    108 in this area

    311 Total Sales

    Tracy Morris
    Section Image
  • Katrina Speedie

    Seller's Agent in 2015

    Katrina Speedie

    Speedie Realty Inc

    (309) 251-4434

    Section Image
  • Adam Merrick

    Buyer's Agent in 2015

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    526 in this area

    4,510 Total Sales

    Adam Merrick
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1245163

RMLS Alliance

APN: 18-05-328-043

Illinois Peoria County Peoria 61606 West Bluff

1029 N University St, Peoria, IL

This home is located at 1029 N University St, Peoria, IL 61606 since 31 August 2023 and is currently estimated at $489,140, approximately $141 per square foot. This property was built in 1955. 1029 N University St is a home located in Peoria County with nearby schools including Whittier Primary School, Harold B. Dawson Jr. Middle School, and Peoria High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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