NOT LISTED FOR SALE

Estimated Value: $185,000 - $278,534

8 Beds
4 Baths
1,147 Sq Ft
$212/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $280,000 $244 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,860/month

87 Days on Market

About This Home

As of March 2022

3 properties for sale (106 - 108 N Busey & 709 W Stoughton). 16,800 SF of land and 4 existing units. Value add property or redevelopment site near the University of Illinois campus. Current NOI (2020) of over $18,000/yr.

Last Agent to Sell the Property

Jill Guth

GUTH & ASSOCIATES,LLC License #471020488 Listed on: 10/22/2021

Last Buyer's Agent

Jill Guth

GUTH & ASSOCIATES,LLC License #471020488 Listed on: 10/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,922

Year Built

  • Built in 1904

Lot Details

  • Lot Dimensions are 132'x138'x134'x113'
  • Additional Parcels

Home Design

  • Frame Construction

Interior Spaces

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

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Schools

  • Urbana Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,044
  • Net Operating Income $18,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,922

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOTS PT 40, PT 41 SUB OF S PT OF SW1/4 8-19-9 (MASTERS IN CHANCERY)
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator,Microwave
  • MRD_AP2: Stove,Refrigerator,Microwave
  • MRD_AP3: Stove,Refrigerator,Microwave
  • MRD_AP4: Stove,Refrigerator,Laundry Hook-Up
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 350000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 8
  • Number of Cars: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 132'X138'X134'X113'
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Multi Family

  • Net Operating Income: 18487
  • GrossIncome: 43044
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 13921.92
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Mar 2, 2022
Sold by
Flc Busey-Stoughton Llc
Bought by
Shi Dai and Luo Yuxiang
Seller's Agent
Jill Guth
GUTH & ASSOCIATES,LLC
Buyer's Agent
Jill Guth
GUTH & ASSOCIATES,LLC
List Price
$350,000
Sold Price
$280,000
Premium/Discount to List
-$70,000
-20%
Current Estimated Value
$242,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,116
Avg. Annual Appreciation
-4.71%

Purchase Details

Closed on
Sep 30, 2021
Sold by
Fatema Elshoura Trust and Goldfarb Erwin
Bought by
Flc Busey-Stoughton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,603,808
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Shi Dai $280,000 None Listed On Document
Flc Busey-Stoughton Llc $107,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flc Busey-Stoughton Llc $31,603,808
Previous Owner Goldfarb Erwin $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $280,000 -20.0% $244 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
10/22/2021 10/22/21 For Sale $350,000 -- $305 / 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 $6,849 $70,570 $19,260 $51,310
2023 $6,849 $64,390 $17,570 $46,820
2022 $6,418 $59,290 $16,180 $43,110
2021 $5,965 $55,260 $15,080 $40,180
2020 $5,771 $53,650 $14,640 $39,010
2019 $5,606 $53,650 $14,640 $39,010
2018 $5,581 $54,020 $14,740 $39,280
2017 $5,773 $55,780 $15,180 $40,600
2016 $5,757 $54,160 $14,740 $39,420
2015 $5,624 $54,160 $14,740 $39,420
2014 $5,548 $52,330 $14,240 $38,090
2013 $5,587 $53,400 $14,530 $38,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11253411

Midwest Real Estate Data (MRED)

APN: 91-21-08-360-004