NOT LISTED FOR SALE

116 N Center St Braidwood, IL 60408

Estimated Value: $174,923 - $321,000

6 Beds
4 Baths
-- Sq Ft
0.45 Acres

Last Sold October 29, 2018

Last sale price $110,000

Est. 136% increase in value since last sale

Current estimated payment $1,414/month

193 Days on Market

Highlights

  • 0.45 Acre Lot
  • Heating System Uses Steam
  • Paved or Partially Paved Lot

About This Home

As of October 2018

VERY GOOD INVESTMENT PROPERTY!! This 4-unit building that the current owner says has never had a problem of finding tenants. This building has a very good NOI and when using the income approach to value, at this list price this building is one heck of a deal. DO NOT WAIT this investment will not last long so give me a call or send your offers today!

Last Agent to Sell the Property

Lucas Albright

Bespoke Realty Group LLC License #471020608 Listed on: 01/31/2018

Last Buyer's Agent

Jeffrey Gregory

Realty Executives Success License #471002137

Realty Executives Success

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,762

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 66x298
  • Paved or Partially Paved Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Reed-Custer Primary Elementary School
  • Reed-Custer Intermediate School
  • Reed-Custer High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $28,800
  • Net Operating Income $17,763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,762

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Block, Stone
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Paved

Fee Information

  • Other Expenses $: 11037

Schools

  • Elementary School: REED-CUSTER PRIMARY SCHOOL
  • High School: REED-CUSTER HIGH SCHOOL
  • Middle/Junior School: REED-CUSTER INTERMEDIATE SCHOOL

Lot Info

  • Lot Size Acres: 0.45
  • Lot Dimensions: 66X298
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 17763
  • GrossIncome: 28800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 2762.4
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2018
Closed on
Oct 29, 2018
Sold by
Rupp Kenneth W and Rupp Kym E
Bought by
Persimmon Ts Properties Llc
Seller's Agent
Lucas Albright
Bespoke Realty Group LLC
Buyer's Agent
Jeffrey Gregory
Realty Executives Success
List Price
$130,000
Sold Price
$110,000
Premium/Discount to List
-$20,000
-15.38%
Current Estimated Value
$259,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,481
Avg. Annual Appreciation
12.60%
Original Mortgage
$82,500
Outstanding Balance
$72,244
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$187,237

Purchase Details

Closed on
Dec 4, 2000
Sold by
Dixon Mobile Home Park Inc
Bought by
Rupp Kenneth W and Rupp Kym E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.58%

Purchase Details

Closed on
Jul 22, 1996
Sold by
Dixon John L and Dixon Kathryn
Bought by
Dixon Mobile Home Park Inc
Source: Public Records
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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
Persimmon Ts Properties Llc $110,000 Fidelity National Title
Rupp Kenneth W $95,000 Chicago Title Insurance Co
Dixon Mobile Home Park Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Persimmon Ts Properties Llc $82,500
Previous Owner Rupp Kenneth W $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2018 10/29/18 Sold $110,000 -14.7% --
08/12/2018 08/12/18 Pending -- -- --
07/05/2018 07/05/18 Price Changed $128,900 -0.8% --
01/31/2018 01/31/18 For Sale $130,000 -- --
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
2024 $835 $12,168 $12,168 $0
2023 $835 $54,345 $10,898 $43,447
2022 $3,763 $49,315 $9,889 $39,426
2021 $3,304 $47,070 $9,439 $37,631
2020 $3,190 $44,595 $8,943 $35,652
2019 $2,980 $42,111 $8,445 $33,666
2018 $2,876 $40,297 $8,081 $32,216
2017 $2,827 $39,507 $7,923 $31,584
2016 $2,762 $38,207 $7,662 $30,545
2015 $2,670 $37,220 $7,464 $29,756
2014 $2,670 $37,220 $7,464 $29,756
2013 $2,670 $39,808 $7,983 $31,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09844898

Midwest Real Estate Data (MRED)

APN: 02-24-08-303-018