NOT LISTED FOR SALE

111 E Mason St Lena, IL 61048

Lena Area

Estimated Value: $1,295,226

Studio
2 Baths
37,452 Sq Ft
$35/Sq Ft Est. Value

Sale Details

Date Sold: November 24, 2020

Last sale price $825,000 $22 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $8,475 / mo

16 Days on Market

Highlights

  • Deck
  • Brick or Stone Mason
  • Water Softener
  • Lena-Winslow Elementary School Rated A-
  • Central Air
  • 2-minute walk to Polhill Park

About This Home

As of November 2020

This 18 unit apartment complex operates between 95 and 100 percent occupancy all year around. There are 7 masonry brick detached garages, with openers, built in 2002, containing 1848 square feet, all rented out with a waiting list. Tenants pay their own water, sewer, garbage, and electric. The unit sits on 1.93 acres of land and is a two story with an exposed third lower level. Ir was built in 1870 and 1930 and has undergone numerous renovations over the years. Gross building size is 24,968 square feet above grade and another 12,484 sq. feet exposed lower level. There is a community kitchen, gymnasium, multi purpose room, exercise room,, extra bathrooms, and mechanics room on this lower level. Many of the Lena people were students at the school years ago and have fond memories here. There is even a stage and a ticket booth. There is a brand new three stop hydraulic elevator with a 1400 pound capacity with a cost of almost $70,000.00. The exterior is reinforced concrete with face brick. The roof is flat with a rubber membrane made with mule hide over a concrete deck and steel joist supports. The windows are thermo pane sliders. All floors are reinforced concrete with carpet, vinyl, and some hardwood. The doors throughout the apartments are the original heavy soundproof doors from the school era. Heating is baseboard electric with the common areas having gas fired forced air. All units have individual air conditioning units, their own water heaters, and stove and refrigerators. Common areas are condensing a/c units There are nine two bedroom apartments, 8 one bedroom apartments and one efficiency. There is a social room upstairs with sliding glass doors to a large deck that could be another two bedroom unit. Site improvements include an asphalt paved parking lot, updated landscaping, and it is zoned R-3, This is an excellent, well cared for unit with a great track record that anyone would be proud to own.

Last Agent to Sell the Property

KAREN SENIOR

Wingert Real Estate LLC License #475071562 Listed on: 09/11/2020

Last Buyer's Agent

KAREN SENIOR

Wingert Real Estate LLC License #475071562 Listed on: 09/11/2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,872

Lot Details

  • 1.79

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 37,452 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Lewin Elementary And Middle School
  • Lewin High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Water Softener

Community Details

  • 18 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,872

Lot Details

1.79 Acres

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Class: MULTIFAMILY
  • Front: 210
  • General Features: Deck
  • Rear: 250
  • Side 1: 180
  • Side 2: 190
  • Type: 5+ Units
  • Number Of Units In Bldg: 18
  • Agent Only_ L A1 User Code: F_163
  • Elementary School: LeWin
  • Estimated Total Finished Sq Ft: 37452
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: This 18 unit apartment complex operates between 95 and 100 percent occupancy all year around. There are 7 masonry brick detached garages, with openers, built in 2002, containing 1848 square feet, all rented out with a waiting list. Tenants pay their own water, sewer, garbage, and electric. The unit sits on 1.93 acres of land and is a two story with an exposed third lower level. Ir was built in 1870 and 1930 and has undergone numerous renovations over the years. Gross building size is 24,968 square feet above grade and another 12,484 sq. feet exposed lower level. There is a community kitchen, gymnasium, multi purpose room, exercise room,, extra bathrooms, and mechanics room on this lower level. Many of the Lena people were students at the school years ago and have fond memories here. There is even a stage and a ticket booth. There is a brand new three stop hydraulic elevator with a 1400 pound capacity with a cost of almost $70,000.00. The exterior is reinforced concrete with face brick. The roof is flat with a rubber membrane made with mule hide over a concrete deck and steel joist supports. The windows are thermo pane sliders. All floors are reinforced concrete with carpet, vinyl, and some hardwood. The doors throughout the apartments are the original heavy soundproof doors from the school era. Heating is baseboard electric with the common areas having gas fired forced air. All units have individual air conditioning units, their own water heaters, and stove and refrigerators. Common areas are condensing a/c units There are nine two bedroom apartments, 8 one bedroom apartments and one efficiency. There is a social room upstairs with sliding glass doors to a large deck that could be another two bedroom unit. Site improvements include an asphalt paved parking lot, updated landscaping, and it is zoned R-3, This is an excellent, well cared for unit with a great track record that anyone would be proud to own.
  • Designated Managing Broker Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone

Utilities

  • Cooling: Central Air, Wall Unit, Window Unit
  • Heating: Electric, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School #2: LeWin

Tax Info

  • Year: 2019
  • Taxes: 8872

MLS Schools

  • HighSchool: LeWin
  • School District: LeWin
  • Middle School: LeWin

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2007
Current Estimated Value
$1,295,226
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lena, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $825,000 0.0% $22 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $825,000 -- $22 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,948 $195,035 $32,872 $162,163
2024 $15,772 $166,597 $28,079 $138,518
2023 $15,836 $150,250 $25,324 $124,926
2022 $14,425 $150,250 $25,324 $124,926
2021 $8,868 $92,359 $25,263 $67,096
2020 $8,982 $92,359 $25,263 $67,096
2019 $8,872 $90,548 $24,768 $65,780
2018 $8,665 $87,486 $23,930 $63,556
2017 $8,713 $87,486 $23,930 $63,556
2016 $8,692 $87,486 $23,930 $63,556
2015 $8,741 $86,620 $23,693 $62,927
2013 $9,152 $88,742 $18,485 $70,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 194513

NorthWest Illinois Alliance of REALTORS®

APN: 11-07-33-312-005

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