NOT LISTED FOR SALE

109 E Main St Mount Morris, IL 61054

Estimated Value: $134,000 - $166,000

4 Beds
4 Baths
2,392 Sq Ft
$61/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $102,750 $43 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,127/month

186 Days on Market

Highlights

  • Deck
  • Wheelchair Access
  • Coin Laundry
  • Oregon High School Rated 9+
  • Baseboard Heating
  • Washer and Dryer

About This Home

As of December 2021

Over $20,000 in ANNUAL INCOME with a 13% Cap Rate! 4 UNIT APARTMENT BUILDING! Looking for turn key investment property? Look no further! This property features a 4 unit apartment complex. All units are rented with excellent rental history. All units are one bedroom/one bathroom. There is also a coin laundry on site. Call today for more information on this income property!

Last Agent to Sell the Property

Rebecca Hazzard

Re/Max of Rock Valley License #471019445 Listed on: 06/03/2021

Last Buyer's Agent

Merri Cruz

Re/Max of Rock Valley License #475186760

Re/Max of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,478

Lot Details

  • 8,407

Home Design

  • Shingle Roof
  • Siding

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property
  • Stove
  • Washer and Dryer
  • Basement

Schools

  • Oregon Elementary School
  • David L Rahn Jr High Middle School
  • Oregon High School

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • Wheelchair Access
  • Deck

Community Details

Overview

  • 4 Units
  • 2-Story Building

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,478

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Stove/Cooktop, Washer
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2392
  • Front: 66.8
  • General Features: Deck, Laundry in Building, Wheel Chair Acc.
  • Legal Description: Per Title
  • Lvt Date: 06/03/2021
  • Rear: 66.8
  • Side 1: 135
  • Side 2: 135
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 23221
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 4
  • Number Of Units In Bldg: 4
  • Utilities Yr: 1500
  • Agent Only_ L A1 User Code: 10340
  • Elementary School: Oregon Elementary
  • Estimated Total Finished Sq Ft: 2392
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Over $20,000 in ANNUAL INCOME with a 13% Cap Rate! 4 UNIT APARTMENT BUILDING! Looking for turn key investment property? Look no further! This property features a 4 unit apartment complex. All units are rented with excellent rental history. All units are one bedroom/one bathroom. There is also a coin laundry on site. Call today for more information on this income property!
  • Designated Managing Broker Y N: Yes
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Estimated Above Grade Sq Ft: 2392
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Utilities

  • Heating: Baseboard, Electric, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Tax Info

  • Year: 2020
  • Taxes: 3478

MLS Schools

  • HighSchool: Oregon High
  • School District: Oregon 220
  • Middle School: David L Rahn Jr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Dec 21, 2021
Sold by
Lynch Thomas and Lynch Elizabeth
Bought by
Xiao Haileng
Seller's Agent
Rebecca Hazzard
Re/Max of Rock Valley
Buyer's Agent
Merri Cruz
Re/Max of Rock Valley
List Price
$115,000
Sold Price
$102,750
Premium/Discount to List
-$12,250
-10.65%
Current Estimated Value
$146,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,645
Avg. Annual Appreciation
9.25%

Purchase Details

Listed on
Apr 12, 2017
Closed on
Jun 16, 2017
Sold by
G & G Capitol Investments Llc
Bought by
Lynch Thomas and Lynch Elizabeth
Seller's Agent
Mark True
Re/Max of Rock Valley
Buyer's Agent
Douglas Weber
Bird Realty
List Price
$109,900
Sold Price
$95,000
Premium/Discount to List
-$14,900
-13.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Original Mortgage
$77,510
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2008
Sold by
Kenney Scott and Kenney Jerry G
Bought by
G & G Capital Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
6.25%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Xiao Haileng $103,000 None Available
Lynch Thomas $95,000 --
G & G Capital Investments Llc $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch Thomas $77,510
Previous Owner G & G Capital Investments Llc $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2021 12/27/21 Sold $102,750 -5.7% $43 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $109,000 -5.2% $46 / Sq Ft
06/03/2021 06/03/21 For Sale $115,000 +21.1% $48 / Sq Ft
06/16/2017 06/16/17 Sold $95,000 -13.6% -- View Prior Sale
05/07/2017 05/07/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $109,900 -- --
Source: NorthWest Illinois Alliance of REALTORS®

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 $4,298 $44,317 $4,528 $39,789
2023 $3,940 $40,766 $4,165 $36,601
2022 $3,769 $37,438 $3,825 $33,613
2021 $3,541 $34,697 $3,545 $31,152
2020 $3,478 $33,549 $3,355 $30,194
2019 $3,299 $31,800 $3,180 $28,620
2018 $3,044 $30,000 $3,000 $27,000
2017 $3,128 $30,717 $2,800 $27,917
2016 $2,365 $23,221 $2,800 $20,421
2015 $2,407 $23,221 $2,800 $20,421
2014 $2,468 $23,825 $3,404 $20,421
2013 $2,474 $25,500 $3,643 $21,857
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Hazzard

    Seller's Agent in 2021

    Rebecca Hazzard

    RE/MAX

    (815) 509-8432

    44 in this area

    449 Total Sales

    Rebecca Hazzard
    Section Image
  • Merri Cruz

    Buyer's Agent in 2021

    Merri Cruz

    RE/MAX

    (815) 988-7947

    2 in this area

    42 Total Sales

    Merri Cruz
    Section Image

  • M

    Seller's Agent in 2017

    Mark True

    Re/Max of Rock Valley

    Section Image
  • Douglas Weber

    Buyer's Agent in 2017

    Douglas Weber

    Bird Realty

    (815) 222-5806

    2 in this area

    55 Total Sales

    Douglas Weber
    Section Image
See All Agents

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202102687

NorthWest Illinois Alliance of REALTORS®

APN: 08-26-302-005

Illinois Ogle County Mount Morris 61054

109 E Main St, Mount Morris, IL

Not Listed for Sale

MultiFamily

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