NOT LISTED FOR SALE

1040 E Berrien St Galesburg, IL 61401

Estimated Value: $67,352 - $91,000

4 Beds
2 Baths
1,338 Sq Ft
$60/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $68,000 $51 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $595/month

About This Home

As of July 2022

Great Income Property! Exceptional Tenants! This Up and Down Duplex features Living rooms, Kitchen's, 2 bedrooms each and 2 Baths. New Roof in last 2 weeks. Updated Kitchens in 2020 and 2021. Some newer Vinyl replacement windows. Interior has been freshly painted in last 2 years. Some new Flooring. Parking area in Back.

Last Agent to Sell the Property

Katrina Boys

IN BETWEEN OFFICES License #471018963 Listed on: 05/10/2022

Last Buyer's Agent

Cassie Causey

CENTURY 21 Tucker Swanson License #475184455

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $740

Year Built

  • Built in 1900

Lot Details

  • 0.3

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Galesburg High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$740

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: FROST'S ADDN LOT 4 BLK 12
  • Lvt Date: 05/10/2022
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Full
  • Price Per Sq Ft: 50.82
  • Total Sq Ft: 1338

Exterior Features

  • Exterior: Wood Siding
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Parking Slab
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • High School: Galesburg

Lot Info

  • Estimated Lot Size: 66 X 198
  • Lot Description: Level
  • Subdivision: Frost
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Gross Annual Rent Income: 13200

Tax Info

  • Annual Taxes: 739.99
  • Parcel Id Number Tax Id: 99-14-254-003
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 13200
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 11, 2022
Sold by
East Berrien Street Llc
Bought by
Foster Christopher E
Seller's Agent
Katrina Boys
IN BETWEEN OFFICES
Buyer's Agent
Cassie Causey
CENTURY 21 Tucker Swanson
List Price
$74,500
Sold Price
$68,000
Premium/Discount to List
-$6,500
-8.72%
Current Estimated Value
$79,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,838
Avg. Annual Appreciation
4.98%
Original Mortgage
$51,000
Outstanding Balance
$49,046
Interest Rate
6.62%
Mortgage Type
Construction
Estimated Equity
$30,792

Purchase Details

Listed on
Sep 22, 2015
Closed on
Dec 15, 2015
Sold by
Galyean Elsa L
Bought by
Stevens Diana L
Seller's Agent
Jessica Yem
IN BETWEEN OFFICES
Buyer's Agent
Becky Aldrich
IN BETWEEN OFFICES
List Price
$24,900
Sold Price
$20,000
Premium/Discount to List
-$4,900
-19.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.61%
Original Mortgage
$13,490
Interest Rate
3.75%
Mortgage Type
New Conventional
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
Foster Christopher E $68,000 Attorney Only
Stevens Diana L $20,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Christopher E $51,000
Previous Owner Stevens Diana L $13,490
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2022 07/11/22 Sold $68,000 -8.7% $51 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $74,500 +272.5% $56 / Sq Ft
12/31/2015 12/31/15 Sold $20,000 -19.7% $15 / Sq Ft View Prior Sale
12/02/2015 12/02/15 Pending -- -- --
09/22/2015 09/22/15 For Sale $24,900 +8.3% $19 / Sq Ft
04/26/2013 04/26/13 Sold $23,000 -11.2% $17 / Sq Ft View Prior Sale
04/22/2013 04/22/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $25,900 -- $19 / 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 $2,128 $22,930 $2,650 $20,280
2023 $2,128 $22,210 $2,570 $19,640
2022 $699 $7,380 $2,570 $4,810
2021 $677 $6,960 $2,420 $4,540
2020 $688 $6,960 $2,420 $4,540
2019 $680 $6,820 $2,370 $4,450
2018 $678 $6,820 $2,300 $4,520
2017 $663 $6,620 $2,230 $4,390
2015 -- $7,670 $2,200 $5,470
2013 $1,127 $12,360 $2,220 $10,140
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Katrina Boys

    IN BETWEEN OFFICES

    Section Image
  • Cassie Causey

    Buyer's Agent in 2022

    Cassie Causey

    CENTURY 21 Tucker Swanson

    (318) 780-5698

    135 in this area

    237 Total Sales

    Cassie Causey
    Section Image

  • J

    Seller's Agent in 2015

    Jessica Yem

    IN BETWEEN OFFICES

    Section Image

  • B

    Buyer's Agent in 2015

    Becky Aldrich

    IN BETWEEN OFFICES

    Section Image
  • Jackie Turner

    Seller's Agent in 2013

    Jackie Turner

    Mel Foster Co. Galesburg

    (309) 299-9685

    77 in this area

    100 Total Sales

    Jackie Turner
    Section Image

  • L

    Buyer's Agent in 2013

    Larry Shaw

    IN BETWEEN OFFICES

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1014202

RMLS Alliance

APN: 99-14-254-003

Illinois Knox County Galesburg 61401

1040 E Berrien St, Galesburg, IL

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