NOT LISTED FOR SALE

103 S West St Lexington, IL 61753

Estimated Value: $379,187

7 Beds
5 Baths
3,506 Sq Ft
$108/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $360,000 $103 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,346/month

55 Days on Market

About This Home

As of March 2024

Beautifully restored 5 unit apartment building in desirable Lexington location. Close to many local business on Main street including restaurants, coffee and breweries. This property has been fully restored and is currently fully rented. It is very easy to rent. Newer coin-op washer and dryer available in common area. Newer mechanicals. Sold as-is but must see.

Last Agent to Sell the Property

Mark Kudrys

Freedom Realty License #475153087 Listed on: 11/24/2023

Last Buyer's Agent

Ryan Leake

Keller Williams Revolution License #475168509

Keller Williams Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,540

Year Built

  • Built in 1894

Lot Details

  • 3,920

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service

Additional Features

  • 2-Story Property
  • Lot Dimensions are 61x66

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $4,200
  • Fuel Expense $3,000
  • Insurance Expense $2,500
  • Maintenance Expense $500
  • Other Expense $500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • Operating Expense $14,640
  • Gross Income $51,840
  • Net Operating Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,540

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1894
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Special Instructions,No Sign on Property,Short Sale
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • List Price: 368000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 1800
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 61X66
  • Zoning: MULTI

Rental Info

  • Tenant Pays: None
  • Board Number: 23
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 37200
  • Fuel Expense: 3000
  • Insurance Expense: 2500
  • ElectricExpense: 4200
  • GrossIncome: 51840
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 14640
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 3540
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2023
Closed on
Mar 28, 2024
Sold by
Bane Erna
Bought by
Linda Abeldt Trust and Abeldt
Seller's Agent
Mark Kudrys
Freedom Realty
Buyer's Agent
Ryan Leake
Keller Williams Revolution
List Price
$368,000
Sold Price
$360,000
Premium/Discount to List
-$8,000
-2.17%
Views
57
Current Estimated Value
$379,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,187
Avg. Annual Appreciation
0.92%

Purchase Details

Closed on
Oct 25, 2018
Sold by
Mann Ronald E
Bought by
Bane Erna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.6%
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
Linda Abeldt Trust $360,000 Alliance Land Title
Bane Erna $72,000 Alliance Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bane Erna $252,576
Previous Owner Bane Erna $260,000
Previous Owner Mann Ronald E $10,477
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $360,000 -2.2% $103 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
11/24/2023 11/24/23 For Sale $368,000 -- $105 / 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 $3,547 $45,957 $1,507 $44,450
2023 $3,547 $41,951 $1,376 $40,575
2022 $3,547 $39,177 $1,285 $37,892
2021 $3,437 $37,903 $1,243 $36,660
2020 $3,400 $37,373 $1,226 $36,147
2019 $3,459 $38,070 $1,249 $36,821
2018 $5,132 $53,858 $1,262 $52,596
2017 $5,093 $53,478 $1,253 $52,225
2016 $4,883 $50,873 $1,192 $49,681
2015 $4,828 $50,475 $1,183 $49,292
2014 $4,529 $50,475 $1,183 $49,292
2013 -- $50,475 $1,183 $49,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11936156

Midwest Real Estate Data (MRED)

APN: 09-07-286-002