$157,500
SOLD SEP 20, 2024
3 Beds
2 Baths
418 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$377 Per Sq Ft

2% Below List Price

78 Days on Market

About This Home

As of September 2024

Own a detached duplex in Urbana and earn rental income! Live comfortably in the spacious 2-bedroom, 1-bathroom front unit with a covered porch, living room, and eat-in kitchen (appliances included) while the back 1-bedroom, 1-bathroom unit secures a steady $850 monthly rent. Both units boast eat-in kitchens with appliances and are situated in the desirable Leal school district. This is your chance to be your own landlord and own an income-generating property!

Last Agent to Sell the Property

PJ Trautman

Trautman Real Estate Agency & Appraisal LLC License #471018644 Listed on: 06/18/2024

Co-Listed By

Phillip Curry

Trautman Real Estate Agency & Appraisal LLC License #475176510

Last Buyer's Agent

J Leman

eXp Realty-Champaign License #475184798

eXp Realty-Champaign

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,021

Year Built

  • Built in 1929

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Urbana Elementary School
  • Urbana Middle School
  • Urbana High School

Additional Features

  • Porch
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Trash Expense $600
  • Water Sewer Expense $600
  • Gross Income $20,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,021

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 23 BLOCK 6 BUSEY AND DUNLAP'S ADD
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 157500
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 600

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X130
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Multi Family

  • GrossIncome: 20100
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 3020.92
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Sep 5, 2024
Sold by
Justin Oliver Inc
Bought by
Kw Investment Holdings Llc-Cu Residential Ser
Seller's Agent
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
Buyer's Agent
J Leman
eXp Realty-Champaign
List Price
$160,000
Sold Price
$157,500
Premium/Discount to List
-$2,500
-1.56%
Views
84
Current Estimated Value
$160,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,647
Avg. Annual Appreciation
2.08%
Original Mortgage
$126,000
Outstanding Balance
$125,188
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$34,959

Purchase Details

Listed on
Feb 14, 2018
Closed on
Jan 26, 2019
Sold by
Ziegler Michael D and Ziegler Pamela A
Bought by
Justin Oliver Inc
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Justin Oliver
Corcoran Urban Real Estate
List Price
$57,500
Sold Price
$35,000
Premium/Discount to List
-$22,500
-39.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.56%
Original Mortgage
$31,500
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $157,500 None Listed On Document
Warranty Deed $35,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,000 New Conventional
Previous Owner $224,000 New Conventional
Previous Owner $31,500 Commercial
Previous Owner $152,900 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $157,500 0.0% $377 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $157,500 -1.6% $377 / Sq Ft
06/04/2024 06/04/24 For Sale $160,000 +357.1% $383 / Sq Ft
01/31/2019 01/31/19 Sold $35,000 -22.0% $48 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
09/28/2018 09/28/18 Price Changed $44,900 -10.0% $62 / Sq Ft
08/08/2018 08/08/18 Price Changed $49,900 -13.2% $69 / Sq Ft
06/12/2018 06/12/18 For Sale $57,500 0.0% $80 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
03/30/2018 03/30/18 Price Changed $57,500 -8.0% $80 / Sq Ft
02/14/2018 02/14/18 For Sale $62,500 -- $86 / Sq Ft
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 $3,021 $31,130 $9,310 $21,820
2023 $3,021 $28,400 $8,490 $19,910
2022 $2,830 $26,150 $7,820 $18,330
2021 $2,631 $24,370 $7,290 $17,080
2020 $2,545 $23,660 $7,080 $16,580
2019 $2,472 $23,660 $7,080 $16,580
2018 $2,462 $23,830 $7,130 $16,700
2017 $2,547 $23,830 $7,130 $16,700
2016 $2,436 $22,920 $6,860 $16,060
2015 $2,463 $22,920 $6,860 $16,060
2014 $2,430 $22,920 $6,860 $16,060
2013 $2,398 $22,920 $6,860 $16,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12074276

Midwest Real Estate Data (MRED)

APN: 92-21-16-127-022