NOT LISTED FOR SALE

118 N Mclean St Lincoln, IL 62656

Estimated Value: $56,176

4 Beds
4 Baths
-- Sq Ft
4,051 Sq Ft Lot

Last Sold January 08, 2024

Last sale price $47,500

Est. 18% increase in value since last sale

Current estimated payment $353/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 2-minute walk to Latham Park

About This Home

As of January 2024

Here is your opportunity to own a multi-use building in historic downtown Lincoln! Building is currently being used as a 3-unit apartment but is set up to be a 4-unit. First floor could also be easily converted back to commercial space, if desired, but currently occupied by one tenant. One of the upper units is currently occupied as well. Current tenants are month-to-month. Roof was coated within the past several years, but actual date not known. See disclosures for known issues. Deck area in back with storage. Up to 4 parking spaces can be made in back, however the building behind the units allows tenants to park in lot. Square footage is estimated. Being sold AS-IS. SELLER IS HIGHLY MOTIVATED.

Last Agent to Sell the Property

Kenley Kaisershot

RE/MAX Rising License #475193633 Listed on: 12/04/2023

RE/MAX Rising

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,437

Lot Details

  • 4,051

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking

Schools

  • Northwest Elementary School
  • Lincoln Jr High Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 26x150

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,437

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
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Northwest Elementary School
  • High School: Lincoln High School
  • Middle/Junior School: Lincoln Jr High School

Lot Info

  • Lot Dimensions: 26X150
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 2437
  • Tax Year: 2022

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Jan 8, 2024
Sold by
Allred Ambera Simmons
Bought by
Hild Kevin and Hild Brooke D
Seller's Agent
Kenley Kaisershot
RE/MAX Rising
Buyer's Agent
Non Member
NON MEMBER
List Price
$50,000
Sold Price
$47,500
Premium/Discount to List
-$2,500
-5%
Views
27
Current Estimated Value
$56,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,676
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
Aug 15, 2022
Sold by
Simmons Sharon
Bought by
Allred Ambera

Purchase Details

Closed on
Jul 5, 2013
Sold by
Stokes Maryann
Bought by
Allred Ambera Simmons
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hild Kevin $47,500 None Available
Allred Ambera -- None Available
Allred Ambera Simmons $11,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $47,500 -5.0% --
12/09/2023 12/09/23 Pending -- -- --
12/04/2023 12/04/23 For Sale $50,000 -- --
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 $2,616 $28,540 $6,930 $21,610
2023 $2,499 $26,430 $6,420 $20,010
2022 $2,437 $24,700 $6,000 $18,700
2021 $2,348 $23,710 $5,760 $17,950
2020 $2,316 $23,350 $5,670 $17,680
2019 $2,313 $23,350 $5,670 $17,680
2018 $2,295 $22,890 $5,560 $17,330
2017 $2,281 $22,890 $5,560 $17,330
2016 $2,222 $22,860 $5,550 $17,310
2015 -- $21,710 $5,370 $16,340
2014 -- $21,710 $5,370 $16,340
2013 -- $20,610 $5,100 $15,510
2012 -- $20,980 $5,190 $15,790
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11939953

Midwest Real Estate Data (MRED)

APN: 08-210-060-00