NOT LISTED FOR SALE

115 Frorer Ave Unit 125 Frorer Avenue Lincoln, IL 62656

8 Beds
-- Bath
3,240 Sq Ft
1950 Built

Last Sold December 21, 2016

Last sale price $96,000 $30 Per Sq Ft

286 Days on Market

About This Home

As of December 2016

Extraordinary investment opportunity! Four Unit Apartment Building-High Occupancy Rate with some tenants paying well in advance. All on one parcel number, you'll find an additional four bedroom house, with a full basement and replacement windows, and long term tenant already in place, adjacent to the four plex. The house has concrete block construction on the lower level and has gas forced air heat. Additional space is possible within the large, enclosed back porch, and has an enclosed front porch as well. The four unit apartment building houses two units each on the main level and two on the upper level. A very spacious front entry way provides tenants here with protection from the elements and added security. Three of the units have newer central air units, and the roof is newer as well. Windows in the four-plex were replaced in 1998, and has electric forced air heat. Each unit is equipped with range/refrigerator belonging to the owner. Owner pays sewerage and trash. Tax amount is fo

Last Agent to Sell the Property

Diane Schriber

ME Realty License #471004911 Listed on: 01/20/2016

Last Buyer's Agent

Michael Simonson

Werth & Assoc, REALTORS License #475130057

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,990

Year Built

  • Built in 1950

Home Design

  • Slab Foundation

Schools

  • Illini Central Elementary School
  • Lincoln High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,990

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Four-Plex
  • Lvt Date: 01/21/2016
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Price Per Sq Ft: 29.63
  • Total Sq Ft: 3240

Exterior Features

  • Exterior: Wood Siding
  • Roofing: Shingles

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: No Laundry Equipment

Schools

  • Elementary School: Illini Central
  • High School: Lincoln

Lot Info

  • Estimated Lot Size: 79x160 & 70x160
  • Zoning: Residential

Rental Info

  • Gross Annual Rent Income: 1750

Tax Info

  • Annual Taxes: 4989.72
  • Parcel Id Number Tax Id: 12-670-028-00
  • Tax Year: 2014

Multi Family

  • Total Number Units: 5
  • Gross Annual Income: 1750

MLS Schools

  • Middle School: Lincoln

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2016 12/21/16 Sold $96,000 -28.9% $30 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $135,000 -- $42 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Diane Schriber

    Seller's Agent in 2016

    Diane Schriber

    ME Realty

    (217) 737-7770

    65 in this area

    95 Total Sales

    Diane Schriber
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Simonson

    Werth & Assoc, REALTORS

    (217) 737-7234

    41 in this area

    55 Total Sales

    Michael Simonson
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA20160005

RMLS Alliance
Illinois Logan County Lincoln 62656

115 Frorer Ave Unit 125 Frorer Avenue, Lincoln, IL

Not Listed for Sale

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