NOT LISTED FOR SALE

115 N Illinois St Marion, IN 46952

Northeast Marion Neighborhood
12 Beds
12 Baths
5,904 Sq Ft
0.47 Acres

Last Sold October 13, 2021

Last sale price $400,000 $68 Per Sq Ft

10 Days on Market

Highlights

  • 0.47 Acre Lot
  • Baseboard Heating
  • Carpet
  • Corner Lot
  • Storm Doors
  • 3-minute walk to Ultimutt Dog Park

About This Home

As of October 2021

Great investment opportunity- Shaker Village Apartments- complete with twelve (12) units, each 1-bedroom, 1-bathroom (see floor plan in photos). They are all ground floor apartments with immediate exterior access. They feature brick exterior and replacement windows. There is very little ongoing maintenance as the lawn is comprised only of small strips along the edge of parking lot. Rent roll averages $4.3k-$6k per month. More info upon request.

Last Agent to Sell the Property

Tyler Shirley

Crandall Real Estate Group Listed on: 08/17/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,690

Year Built

  • Built in 1973

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 136x150
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Shingle Siding
  • Asphalt
  • Vinyl Construction Material

Interior Spaces

  • 5,904 Sq Ft Home
  • 1-Story Property
  • Storm Doors
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 20 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cooling, electric, heating, deposit value
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 27-07-05-204-047.000-002

Community Details

Overview

  • 2 Buildings
  • 12 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Water Meter
  • Electric Expense $747
  • Insurance Expense $4,064
  • Maintenance Expense $10,601
  • Trash Expense $1,800
  • Water Sewer Expense $2,856

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,690

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1973
  • Style: One Story
  • Bedrooms: 12
  • Total Bathrooms: 12
  • Total Full Bathrooms: 12
  • Legal Description: LOTS 76 THRU 79 GEO W STEELES 2ND ADD
  • Parcel Number ID: 27-07-05-204-047.000-002
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Storm Doors, Water Heater Electric
  • Cross Street: E Walnut Street
  • Road Access: City
  • Road Surface: Paved
  • Special Features: None

Interior Features

  • Total Sq Ft: 5904
  • Total Finished Sq Ft: 5904
  • Above Grade Finished Sq Ft: 5904
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 12

Exterior Features

  • Exterior: Aluminum, Asphalt, Brick, Shingle, Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 20

Utilities

  • Cooling: Wall AC, Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 747.17
  • Annual Insurance Expense: 4064.04
  • Annual Maintenance Expense: 10601.07
  • Annual Trash Expense: 1800
  • Annual Water Sewer Expense: 2856.18
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 136x150
  • Estimated Lot Sq Ft: 20399
  • Estimated Lot Size Acres: 0.4683

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Heating, Deposit Value

Tax Info

  • Annual Property Tax: 4690

Multi Family

  • Number Of Refrigerators: 12
  • Number Of Units: 12
  • Num Of1 Bedrooms: 12

Range of Values:

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Value Increase
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Percent Increase
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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
10/13/2021 10/13/21 Sold $400,000 0.0% $68 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $400,000 -- $68 / Sq Ft
Source: Indiana Regional MLS

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 $4,902 $245,100 $22,900 $222,200
2023 $3,700 $377,100 $22,900 $354,200
2022 $7,542 $377,100 $22,900 $354,200
2021 $4,790 $239,500 $22,900 $216,600
2020 $4,790 $239,500 $22,900 $216,600
2019 $4,690 $234,500 $22,900 $211,600
2018 $4,690 $234,500 $22,900 $211,600
2017 $4,630 $231,500 $22,900 $208,600
2016 $3,232 $161,600 $22,900 $138,700
2014 $3,134 $156,700 $22,900 $133,800
2013 $3,134 $156,900 $22,900 $134,000
Source: Public Records

Agents Affiliated with this Home

  • Tyler Shirley

    Seller's Agent in 2021

    Tyler Shirley

    Crandall Real Estate Group

    (765) 251-5676

    1 in this area

    24 Total Sales

    Tyler Shirley
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Map

Source: Indiana Regional MLS

MLS Number: 202134046

Indiana Regional MLS
Indiana Grant County Marion 46952 Northeast Marion

115 N Illinois St, Marion, IN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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