NOT LISTED FOR SALE

10617 N State Route 50 Manteno, IL 60950

Estimated Value: $680,334

27 Beds
16 Baths
-- Sq Ft
1.25 Acres

Last Sold March 26, 2021

Last sale price $400,000

Est. 70% increase in value since last sale

Current estimated payment $4,204/month

478 Days on Market

About This Home

As of March 2021

MANTENO - 13 TRAILER MOBILE HOME PARK FOR SALE - Sound investment property with good income. The current owners have taken superb care of all residential units inside and out! New septic system and updated electric finished recently and an additional list of recent repairs and updates available upon request. Fully occupied and listed at a 10 cap rate. Call today!

Last Agent to Sell the Property

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 10/02/2019

McColly Bennett Real Estate

Last Buyer's Agent

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 10/02/2019

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,367

Year Built

  • 1999

Lot Details

  • 1.25

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $3,211
  • Manager Expense $4,482

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,367

Year Built

1999

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 46709
  • Outdoor Parking: 13-18 Spaces
  • Repairs Decor Expense: 27127
  • Scavenger Expense: 1440
  • Total Annual Exp: 50191
  • Total Annual Income: 96900
  • Total Monthly Income: 8075
  • Unincorporated: Yes
  • Number of Ranges: 1
  • Number Of Stories: 1
  • Estimated Year Built: 1999
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1999

Exterior Features

  • Acreage: 1.25
  • Frontage Access: State Road

Garage/Parking

  • Number Of Parking Spaces: 16

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Gas
  • Water Expense: 880

Condo/Co-op/Association

  • Units in Building: 13
  • Manager Expense: 4482

Fee Information

  • Electricity Expense: 4308
  • Electrical Service: Separate Meters, 0-100 Amps

Lot Info

  • Lot Dimensions: 557.8X295X515.2
  • Lot Sq Ft: 54450
  • Parcel Identification Number: 03021020000300

Rental Info

  • Gross Rental Income: 96900
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 3211
  • Other Expenses: 8743

Tax Info

  • Taxes: 6237.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2025
Sold by
Donovan Real Estate Llc
Bought by
Manteno Point Mhc Llc
Current Estimated Value
$680,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$473,810
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$111,288

Purchase Details

Listed on
Oct 2, 2019
Closed on
Mar 26, 2021
Sold by
Mustard Seed Real Estate Llc
Bought by
Donovan Real Estate Llc
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Buck Tamblyn
McColly Bennett Real Estate
List Price
$499,000
Sold Price
$400,000
Premium/Discount to List
-$99,000
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$320,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2012
Sold by
Schwartz Howard T
Bought by
Mustard Seed Real Estate Llc
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
Manteno Point Mhc Llc $650,000 Kankakee County Title
Donovan Real Estate Llc $400,000 New Title Company Name
Mustard Seed Real Estate Llc $200,000 Freedom Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manteno Point Mhc Llc $487,500
Previous Owner Donovan Real Estate Llc $320,000
Previous Owner Mustard Seed Real Estate Llc $112,093
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $400,000 -19.8% --
01/22/2021 01/22/21 Pending -- -- --
10/02/2019 10/02/19 For Sale $499,000 -- --
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 $5,367 $64,032 $52,964 $11,068
2023 $5,731 $64,032 $52,964 $11,068
2022 $6,050 $64,032 $52,964 $11,068
2021 $6,138 $64,032 $52,964 $11,068
2020 $6,329 $64,032 $52,964 $11,068
2019 $6,383 $64,032 $52,964 $11,068
2018 $6,238 $64,032 $52,964 $11,068
2017 $6,193 $64,032 $52,964 $11,068
2016 $5,951 $64,032 $52,964 $11,068
2015 $5,842 $64,032 $52,964 $11,068
2014 $5,566 $64,032 $52,964 $11,068
2013 -- $64,032 $52,964 $11,068
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10536165

Midwest Real Estate Data (MRED)

APN: 03-02-10-200-003