NOT LISTED FOR SALE

Estimated Value: $584,000

9 Beds
12 Baths
-- Sq Ft
0.54 Acres

Last Sold February 13, 2020

Last sale price $340,000

Est. 72% increase in value since last sale

Current estimated payment $4,589/month

6 Days on Market

About This Home

As of February 2020

12 unit income property built in 1998. Nine 1-bedroom units. Three Efficiency units. Tenants pay electric and water. No Gas to the property. Three coin-op laundry areas on site. Contact listing agent for income/expenses and lease information.

Last Agent to Sell the Property

Richard Newberry

Denbesten Real Estate License #471010454 Listed on: 01/09/2020

Last Buyer's Agent

Mark Haeffle

Coldwell Banker Real Estate Group License #475135462

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,928

Year Built

  • 1998

Lot Details

  • 0.54

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $2,078

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, water/sewer, cold water, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,928

Year Built

1998

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: 16-25 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 37483
  • Outdoor Parking: 19-30 Spaces
  • Repairs Decor Expense: 4009
  • Roof Coverings: Shingle Composition
  • Roof Structure: Gable, Truss
  • Scavenger Expense: 843
  • Total Annual Exp: 25847
  • Total Annual Income: 61800
  • Total Monthly Income: 5150
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Window A C: 12
  • Number Of Stories: 2
  • Estimated Year Built: 1998
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1998

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Vinyl Siding, Brick
  • Acreage: 0.54
  • Construction: Wood Frame
  • Frontage Access: City Street, Public Road

Garage/Parking

  • Number Of Parking Spaces: 24

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Electric, Baseboard
  • Water Expense: 2264

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 2034
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 100X239
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Cable Ready
  • Parcel Identification Number: 1421426003
  • BNAR Zoning: R3A

Rental Info

  • Gross Rental Income: 61800
  • Tenant Pays: Air Conditioning, Electric, Heat, Water/Sewer, Cold Water, Hot Water

Multi Family

  • Expense Year: 2019
  • Gross Rent Multiplier: 6
  • Insurance Expense: 2078
  • Number Of Dryers: 3
  • Number Of Washers: 3

Tax Info

  • Taxes: 14619

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2022
Sold by
Loan Arrangers Llc
Bought by
Blono Fund Llc
Total Days on Market
6
Current Estimated Value
$584,000

Purchase Details

Listed on
Jan 9, 2020
Closed on
Feb 13, 2020
Sold by
Modine Steven Richard
Bought by
Loan Arrangers Llc
Seller's Agent
Richard Newberry
Denbesten Real Estate
Buyer's Agent
Mark Haeffle
Coldwell Banker Real Estate Group
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 27, 2012
Sold by
Modine Richard S and Modine Helen K
Bought by
The Modine Family Trust
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
Blono Fund Llc -- None Listed On Document
Loan Arrangers Llc $340,000 Mclean County Title
The Modine Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loan Arrangers Llc $355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2020 02/13/20 Sold $340,000 -9.3% --
01/15/2020 01/15/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $375,000 -- --
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 $15,928 $219,198 $16,769 $202,429
2022 $15,928 $177,318 $13,565 $163,753
2021 $15,385 $167,297 $12,798 $154,499
2020 $15,300 $165,559 $12,665 $152,894
2019 $14,782 $164,670 $12,597 $152,073
2018 $14,619 $162,927 $12,464 $150,463
2017 $14,098 $162,927 $12,464 $150,463
2016 $13,945 $162,927 $12,464 $150,463
2015 $13,566 $159,109 $12,172 $146,937
2014 $13,398 $159,109 $12,172 $146,937
2013 -- $159,109 $12,172 $146,937
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10606282

Midwest Real Estate Data (MRED)

APN: 14-21-426-003