NOT LISTED FOR SALE

112 W Raab Rd Normal, IL 61761

Estimated Value: $291,000 - $327,759

2 Beds
1 Bath
-- Sq Ft
0.25 Acres

Last Sold July 22, 2024

Last sale price $324,500

Est. 5% decrease in value since last sale

Current estimated payment $2,150/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Normal Community High School Rated A-
  • 2-minute walk to Rosa Parks Commons

About This Home

As of July 2024

No Deferred maintenance, Building is a turnkey property. Great income and wonderful location. Close to Bike Trail just a short ride to ISU. Lots of upgrades.

Last Agent to Sell the Property

Ed Larsen

Coldwell Banker Real Estate Group License #471007349 Listed on: 05/29/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,352

Year Built

  • Built in 1983

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x120

Home Design

  • Traditional Architecture
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Bathroom

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Unassigned Parking

Schools

  • Fairview Elementary School
  • Kingsley Jr High Middle School
  • Normal Community West High Schoo

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • Northbrook Subdivision

Building Details

  • Electric Expense $600
  • Insurance Expense $2,500
  • Gross Income $40,800
  • Net Operating Income $30,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,352

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Northbrook
  • Year Built: 1983
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 1
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 339000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 4
  • Parking Features: Unassigned
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Other Expenses $: 1650

Schools

  • Elementary School: Fairview Elementary
  • High School: Normal Community West High Schoo
  • Middle/Junior School: Kingsley Jr High
  • Middle/Junior School District: 5

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 90X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Multi Family

  • Net Operating Income: 30898
  • Insurance Expense: 2500
  • ElectricExpense: 600
  • GrossIncome: 40800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 6352
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 17, 2024
Sold by
Wahlheim Mary B
Bought by
Kantheti Sravanthi and Thota Karthik
Seller's Agent
Ed Larsen
Coldwell Banker Real Estate Group
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$339,000
Sold Price
$324,500
Premium/Discount to List
-$14,500
-4.28%
Views
10
Current Estimated Value
$306,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,501
Avg. Annual Appreciation
-3.09%

Purchase Details

Listed on
May 29, 2024
Closed on
Jul 16, 2024
Sold by
Wahlheim Mary B
Bought by
Kantheti Sravanthi and Thota Karthik
Seller's Agent
Ed Larsen
Coldwell Banker Real Estate Group
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$339,000
Sold Price
$324,500
Premium/Discount to List
-$14,500
-4.28%
Views
10

Purchase Details

Closed on
Jun 26, 2023
Sold by
Wahlheim Mary B
Bought by
Wahlheim Mary B and Wahlheim Ryan

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 28, 2022
Sold by
Chicago Logan Development Inc
Bought by
Wahlheim Mary B
Seller's Agent
Jared Litwiller
Freedom Realty
Buyer's Agent
Jared Litwiller
Freedom Realty
List Price
$205,000
Sold Price
$206,000
Premium/Discount to List
$1,000
0.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.11%
Original Mortgage
$199,124
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2009
Sold by
Chicago Logan Development Inc
Bought by
Town Of Normal Illinois

Purchase Details

Closed on
Sep 29, 2005
Sold by
Barickman John A
Bought by
Kimbaly Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,100
Interest Rate
5.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Kantheti Sravanthi $324,500 Alliance Land Title
Kantheti Sravanthi $324,500 Alliance Land Title
Wahlheim Mary B -- None Listed On Document
Wahlheim Mary B -- None Listed On Document
Town Of Normal Illinois -- None Available
Kimbaly Adam -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wahlheim Mary B $199,124
Previous Owner Kimbaly Adam $27,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $324,500 -4.3% --
06/14/2024 06/14/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $339,000 +64.6% --
02/01/2022 02/01/22 Sold $206,000 +0.5% --
11/12/2021 11/12/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $205,000 -- --
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 $6,352 $87,418 $16,823 $70,595
2022 $6,352 $70,716 $13,609 $57,107
2021 $6,136 $66,720 $12,840 $53,880
2020 $6,102 $66,027 $12,707 $53,320
2019 $5,895 $65,673 $12,639 $53,034
2018 $5,830 $64,978 $12,505 $52,473
2017 $5,622 $64,978 $12,505 $52,473
2016 $5,561 $64,978 $12,505 $52,473
2015 $5,410 $63,455 $12,212 $51,243
2014 $5,344 $63,455 $12,212 $51,243
2013 -- $63,455 $12,212 $51,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12066343

Midwest Real Estate Data (MRED)

APN: 14-21-201-007