NOT LISTED FOR SALE
16 Beds
8 Baths
-- Sq Ft
0.54 Acres

Last Sold June 08, 2022

Last sale price $650,000

160 Days on Market

About This Home

As of June 2022

GREAT OPPORTUNITY TO OWN THIS ALL BRICK EXTERIOR 8-UNIT INVESTMENT PROPERTY IN WILMINGTON, IL. EACH UNIT IS 2 BED 1 BATH WITH GOOD SIZED BEDROOMS, LIVING ROOM, AND KITCHEN. COIN-OPERATED LAUNDRY IS AVAILABLE ON THE 1ST AND 2ND FLOOR. LARGE PRIVATE PARKING LOT AREA BEHIND THE BUILDING.

Last Listed By

Mike Fleming

Marquette Properties, Inc License #475130622 Listed on: 10/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,408

Year Built

  • Built in 1982

Lot Details

  • 0.54 Acre Lot

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Separate Meters

Community Details

  • 8 Units
  • Operating Expense $2,020

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,408

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1982
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Basement Description: Crawl
  • Fireplaces: 2
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 8
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 800000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Utilities: Sanitary Sewer, Water to Site
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.54
  • Lot Dimensions: 0.54
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Hot Water
  • Board Number: 17
  • Tenancy Type: Leases,Month To Month

Multi Family

  • NumberOfUnitsTotal: 8
  • OperatingExpense: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9407.56
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2004
Sold by
Suburban Bank & Trust Co
Bought by
Ellis John W and Ellis Donna L
Total Days on Market
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
5.5%
Mortgage Type
Commercial

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
Ellis John W $1,120,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellis John W $1,025,000
Closed Ellis John W $1,112,000
Previous Owner Ellis John W $1,120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $650,000 -18.8% --
03/29/2022 03/29/22 Pending -- -- --
11/18/2021 11/18/21 For Sale -- -- --
10/26/2021 10/26/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $800,000 -- --
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
2023 $9,120 $117,780 $17,399 $100,381
2022 $9,099 $117,780 $17,399 $100,381
2021 $9,285 $117,780 $17,399 $100,381
2020 $9,408 $117,780 $17,399 $100,381
2019 $9,495 $117,780 $17,399 $100,381
2018 $9,548 $117,780 $17,399 $100,381
2017 $9,638 $117,780 $17,399 $100,381
2016 $9,594 $117,780 $17,399 $100,381
2015 $9,914 $117,780 $17,399 $100,381
2014 $9,914 $117,780 $17,399 $100,381
2013 $9,914 $117,780 $17,399 $100,381
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11250428

Midwest Real Estate Data (MRED)

APN: 03-17-36-400-030