1125 N Market St Sparta, IL 62286
Estimated payment $2,289/month
About This Home
Investment Opportunity: 3-building property featuring a partially remodeled apartment complex with 1 & 2-bedroom units, a duplex, and a commercial space. Amenities include onsite laundry and ample parking. Some units are empty so you can start with our set rates and requirements. In a prime location, close to school, and shopping this could make a great investment to add to your portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,875
Lot Details
- 0.91 Acre Lot
- Lot Dimensions are 228x172
Home Design
- 4,517 Sq Ft Home
- Brick Exterior Construction
- Aluminum Siding
- Vinyl Siding
Parking
- Unpaved Parking
- Parking Lot
Schools
- Sparta Dist 140 Elementary And Middle School
- Sparta High School
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 19-163-059-00
Community Details
Overview
- 3 Buildings
- 8 Units
Building Details
- Net Operating Income $3,032
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $7,752 | $81,720 | $1,970 | $79,750 |
| 2022 | $6,720 | $78,600 | $1,900 | $76,700 |
| 2021 | $7,035 | $74,165 | $1,795 | $72,370 |
| 2020 | $6,610 | $75,950 | $1,839 | $74,111 |
| 2019 | $6,452 | $67,985 | $1,650 | $66,335 |
| 2018 | $6,407 | $74,953 | $1,819 | $73,134 |
| 2017 | $5,520 | $68,595 | $1,665 | $66,930 |
| 2016 | $5,829 | $66,105 | $1,605 | $64,500 |
| 2015 | $5,773 | $66,105 | $1,605 | $64,500 |
| 2014 | $5,773 | $67,400 | $1,635 | $65,765 |
| 2013 | $5,495 | $68,250 | $1,655 | $66,595 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Price Changed | $315,000 | -11.3% | $70 / Sq Ft |
| 05/05/2025 05/05/25 | Price Changed | $355,000 | -5.3% | $79 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $375,000 | 0.0% | $83 / Sq Ft |
| 03/11/2025 03/11/25 | Off Market | $375,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $195,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $187,500 | New Conventional | |
| Previous Owner | $146,130 | New Conventional | |
| Previous Owner | $175,350 | Commercial | |
| Previous Owner | $174,152 | Commercial | |
| Previous Owner | $166,000 | Purchase Money Mortgage | |
| Previous Owner | $19,480 | Unknown | |
| Previous Owner | $14,200 | Unknown |
Source: MARIS MLS
MLS Number: MIS25014532
APN: 19-163-059-00
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