NOT LISTED FOR SALE

1104 W Iles Ave Springfield, IL 62704

Estimated Value: $110,000 - $131,000

5 Beds
2 Baths
1,000 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $65,000 $65 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $897/month

1 Day on Market

About This Home

As of August 2021

Great SW side Investment Property in the desirable Jerome. Two separate and distinct unit on the property. Live in one and lease one or just lease both! Family owned for 35 years.

Last Agent to Sell the Property

Mike McGee

Sangamon Property Group, LLC License #475155998 Listed on: 06/25/2021

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,936

Lot Details

  • 6,403

Schools

  • Lindsay Elementary School
  • Springfield District #186 High School

Additional Features

  • Block Basement Construction
  • Level Entry For Accessibility
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,936

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Other Style
  • Legal Description: See tax records
  • Lvt Date: 06/25/2021
  • Ada Features: Level
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Block
  • Price Per Sq Ft: 65
  • Total Sq Ft: 1000

Exterior Features

  • Exterior: Brick
  • Road Access: Paved
  • Roofing: Shingles
  • Exterior Amentities: Fenced

Garage/Parking

  • Garage Parking: On-Street Parking, Parking Slab
  • Number Parking Spaces: 3

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 180
  • Laundry Facilities: Units Hook-Ups

Schools

  • Elementary School: Lindsay
  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 40 x 160
  • Lot Description: Corner
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Annual Taxes: 1936.02
  • Parcel Id Number Tax Id: 22080228021
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

MLS Schools

  • Middle School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Shanks Nathan
Bought by
Sfm Properties Llc
Current Estimated Value
$125,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Outstanding Balance
$53,105
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$68,415

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 9, 2021
Sold by
Mlac4 Properties Llc
Bought by
Shanks Nathan
Seller's Agent
Mike McGee
Sangamon Property Group, LLC
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.10%
Original Mortgage
$52,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 1996
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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Purchase History

Date Buyer Sale Price Title Company
Sfm Properties Llc $106,000 None Listed On Document
Shanks Nathan $65,000 Zelle Title
-- $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sfm Properties Llc $54,000
Previous Owner Shanks Nathan $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $65,000 -13.3% $65 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $75,000 0.0% $75 / Sq Ft
05/27/2015 05/27/15 Rented $850 0.0% --
04/27/2015 04/27/15 Under Contract -- -- --
04/07/2015 04/07/15 For Rent $850 -- --
Source: RMLS Alliance

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 $2,981 $36,437 $5,330 $31,107
2023 $2,166 $25,010 $4,935 $20,075
2022 $2,079 $23,668 $4,670 $18,998
2021 $2,006 $22,740 $4,487 $18,253
2020 $1,936 $22,492 $4,438 $18,054
2019 $1,867 $22,098 $4,360 $17,738
2018 $1,804 $22,003 $4,341 $17,662
2017 $1,761 $21,665 $4,274 $17,391
2016 $2,390 $29,540 $4,164 $25,376
2015 $2,346 $28,873 $4,070 $24,803
2014 $2,306 $28,632 $4,036 $24,596
2013 $2,272 $28,939 $4,079 $24,860
Source: Public Records

Agents Affiliated with this Home

  • Mike McGee

    Seller's Agent in 2021

    Mike McGee

    Sangamon Property Group, LLC

    (217) 553-6954

    140 Total Sales

    Mike McGee
    Section Image
  • Jerry George

    Buyer's Agent in 2021

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    893 Total Sales

    Jerry George
    Section Image

  • M

    Seller's Agent in 2015

    M.T. Vann

    Prairie Property Solutions

    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1008096

RMLS Alliance

APN: 22-08.0-228-021

Illinois Sangamon County Springfield 62704

1104 W Iles Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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