NOT LISTED FOR SALE

Estimated Value: $191,000 - $426,969

10 Beds
7 Baths
-- Sq Ft
6,578 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $350,000

Est. 4% increase in value since last sale

Current estimated payment $2,762/month

2 Days on Market

About This Home

As of March 2022

Modern updated Investment Opportunity with great income and growth! This building features 3 units. There are 2 units that have 4 bedrooms and 2.5 bathrooms. The main level floorplan has a large living room, tiled kitchen floor with nice cabinets and great counter space! Laundry is off the kitchen in a large enclosed closet. There is also a half bath on main level. On the second level there are 4 bedrooms and 2 full bathrooms. The bedrooms sizes are all spacious rooms! There is 1 unit that has 2 bedrooms. It has a full kitchen with tile floors. The kitchen/living room combo has a large closet nestled in the corner with laundry hook ups onsite. Very convenient for tenants! Finishing off the floor plan are 2 bedrooms in the back of the unit and a full bathroom. This building is well maintained. It has an area for tenants to have some outdoor living space. All of these features make it appealing for tenants! All showings require a minimum of 24 hours showings..as a courtesy to the tenants. Great Opportunity for investors.

Last Agent to Sell the Property

Julie Duncan

BHHS Central Illinois, REALTORS License #475131032 Listed on: 01/18/2022

BHHS Central Illinois, REALTORS

Last Buyer's Agent

Shweta Sawant

BHHS Central Illinois, REALTORS License #475185676

BHHS Central Illinois, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,604

Year Built

  • Built in 2003

Lot Details

  • 6,578

Home Design

  • Rowhouse Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 7 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Colene Hoose Elementary School
  • Chiddix Jr High Middle School
  • Normal Community West High Schoo

Additional Features

  • Lot Dimensions are 50x132
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,604

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Row House
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 2003
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator
  • MRD_AP2: Stove,Refrigerator
  • MRD_AP3: Stove,Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 10
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 2

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 345000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Colene Hoose Elementary
  • High School: Normal Community West High Schoo
  • Middle/Junior School: Chiddix Jr High
  • Middle/Junior School District: 5

Lot Info

  • Lot Dimensions: 50X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 8604.38
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Mar 1, 2022
Sold by
Four Star Rentals Llc
Bought by
Aalayam Enterprise Inc
Seller's Agent
Julie Duncan
BHHS Central Illinois, REALTORS
Buyer's Agent
Shweta Sawant
BHHS Central Illinois, REALTORS
List Price
$345,000
Sold Price
$350,000
Premium/Discount to List
$5,000
1.45%
Current Estimated Value
$364,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,811
Avg. Annual Appreciation
1.06%
Original Mortgage
$365,000
Outstanding Balance
$135,948
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$226,885
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
Aalayam Enterprise Inc $350,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aalayam Enterprise Inc $365,000
Previous Owner Foru Star Rentals Llc $122,969
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $350,000 +1.4% --
01/21/2022 01/21/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $345,000 -- --
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 $8,958 $123,277 $8,948 $114,329
2022 $8,958 $99,723 $7,238 $92,485
2021 $8,958 $94,087 $6,829 $87,258
2020 $8,604 $93,109 $6,758 $86,351
2019 $8,313 $92,609 $6,722 $85,887
2018 $8,222 $91,629 $6,651 $84,978
2017 $8,571 $99,059 $6,651 $92,408
2016 $8,478 $99,059 $6,651 $92,408
2015 $8,248 $96,737 $6,495 $90,242
2014 $4,721 $56,064 $6,495 $49,569
2013 -- $56,064 $6,495 $49,569
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11306225

Midwest Real Estate Data (MRED)

APN: 14-27-303-005