NOT LISTED FOR SALE

113 W Willow St Normal, IL 61761

Estimated Value: $194,000 - $350,000

12 Beds
4 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold January 17, 2020

Last sale price $232,500

Est. 30% increase in value since last sale

Current estimated payment $2,275/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Paved or Partially Paved Lot
  • Heating Available
  • Ceiling Fan

About This Home

As of January 2020

Terrific Investment opportunity on this 4 Unit apartment complex in one of campuses most desired location; 2-4 bedroom units, 2 - two bedroom units & 2 four bedroom units. Off street parking, bus route, excellent track record, rent information available to qualified buyer. Newer roof in 2015. This is the property you have been looking for.

Last Agent to Sell the Property

Al Legg

RE/MAX Choice License #471008981 Listed on: 12/05/2019

RE/MAX Choice

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,891

Year Built

  • Built in 1982

Lot Details

  • Lot Dimensions are 99 x 132
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

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

Utilities

  • Heating Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $14,936
  • Net Operating Income $31,816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,891

Year Built

Built in 1982

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: Not Applicable
  • Year Built: 1982
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 12
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 4

Exterior Features

  • List Price: 249900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

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

Lot Info

  • Lot Dimensions: 99 X 132
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes
  • TenantPays: None

Multi Family

  • Net Operating Income: 31816
  • GrossIncome: 14936
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 6891
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Neargarder Curtis Jackson
Bought by
Psalm 115 1 Llc
Current Estimated Value
$302,681

Purchase Details

Listed on
Dec 5, 2019
Closed on
Jan 6, 2020
Sold by
Tw04t Holdings Llc Willow
Bought by
Neargarder Curtis Jackson
Seller's Agent
Al Legg
RE/MAX Choice
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$249,900
Sold Price
$232,500
Premium/Discount to List
-$17,400
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%
Original Mortgage
$174,375
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2015
Sold by
Donelan Partnership
Bought by
Two4t Holdings Llc Willow
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Psalm 115 1 Llc -- None Available
Neargarder Curtis Jackson $232,500 Alliance Land Title
Two4t Holdings Llc Willow $225,000 Mclean County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neargarder Curtis Jackson $173,500
Previous Owner Neargarder Curtis Jackson $174,375
Previous Owner Two4t Holdings Llc Willow $180,000
Previous Owner The Donelan Partnership $80,000
Previous Owner The Donelan Partnership $74,500
Previous Owner The Donelan Partnership $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $232,500 -7.0% --
12/10/2019 12/10/19 Pending -- -- --
12/05/2019 12/05/19 For Sale $249,900 -- --
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 $7,508 $103,325 $28,035 $75,290
2022 $7,508 $83,584 $22,679 $60,905
2021 $7,252 $78,860 $21,397 $57,463
2020 $7,212 $78,041 $21,175 $56,866
2019 $6,968 $77,622 $21,061 $56,561
2018 $6,891 $76,800 $20,838 $55,962
2017 $6,645 $76,800 $20,838 $55,962
2016 $6,573 $76,800 $20,838 $55,962
2015 $6,395 $75,000 $20,350 $54,650
2014 $6,546 $77,740 $20,350 $57,390
2013 -- $77,740 $20,350 $57,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10587521

Midwest Real Estate Data (MRED)

APN: 14-28-276-003