NOT LISTED FOR SALE

106 S 3rd Ave Mendota, IL 61342

-- Bed
-- Bath
9,520 Sq Ft
0.82 Acres

Last Sold June 21, 2022

Last sale price $420,000 $44 Per Sq Ft

6 Days on Market

About This Home

As of June 2022

Multi family with 12 rental units and storage garage with 16 rental spaces - laundry available in both building and off street parking - current tenants pay electric and owner pays water, sewer, and garbage. Stove, refrigerators and built-in wall air conditioners in all units - 48 hr. notice for showings

Last Agent to Sell the Property

Gloria Cogdal

Homestead Realty Listed on: 05/10/2022

Last Buyer's Agent

Linda Kaszynski

Janko Realty & Development - Peru

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,674

Year Built

  • Built in 1978

Lot Details

  • 0.82 Acre Lot
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 9,520 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $2,582
  • Insurance Expense $6,040
  • Maintenance Expense $4,824
  • Trash Expense $1,940
  • Water Sewer Expense $5,274
  • Operating Expense $26,133
  • Gross Income $51,632
  • Net Operating Income $31,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,674

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: None
  • Misc Inside: Laundry Room
  • Fireplaces: 4
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 4
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • List Price: 475000
  • Exterior Building Type: Vinyl Siding
  • Misc Outside: Balcony/ies,Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1940
  • Water Sewer Expenses: 5274
  • Janitor Expense: 900

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.82
  • Lot Dimensions: 36155
  • Alternate Phone Number: (815) 539-3811

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 18

Building Info

  • BuildingAreaTotal: 9520

Multi Family

  • Net Operating Income: 31796
  • Insurance Expense: 6040
  • ElectricExpense: 2582
  • GrossIncome: 51632
  • Maintenance Expense: 4824
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 26133
  • Expense Year: 2021
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8674.3
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 21, 2022
Sold by
Merritt Robert W
Bought by
Grandadam Cody
Seller's Agent
Gloria Cogdal
Homestead Realty
Buyer's Agent
Linda Kaszynski
Janko Realty & Development - Peru
List Price
$475,000
Sold Price
$420,000
Premium/Discount to List
-$55,000
-11.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$421,059
Interest Rate
5.1%
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
Grandadam Cody $420,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grandadam Cody D $440,000
Previous Owner Merritt Robert W $21,600
Previous Owner Merritt Robert W $21,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2022 06/21/22 Sold $420,000 -11.6% $44 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $475,000 -- $50 / 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 $8,662 $99,238 $6,779 $92,459
2023 $8,834 $99,238 $6,779 $92,459
2022 $8,447 $93,620 $6,395 $87,225
2021 $8,858 $93,620 $6,395 $87,225
2020 $8,674 $93,620 $6,395 $87,225
2019 $8,780 $93,620 $6,395 $87,225
2018 $9,086 $93,620 $6,395 $87,225
2017 $9,269 $93,620 $6,395 $87,225
2016 $9,342 $93,620 $6,395 $87,225
2015 $9,356 $93,620 $6,395 $87,225
2012 -- $93,620 $6,395 $87,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11399772

Midwest Real Estate Data (MRED)

APN: 06-04-201023