NOT LISTED FOR SALE

1181 S Buchanan St Wilmington, IL 60481

Wilmington Area

Estimated Value: $2,584,098

16 Beds
8 Baths
-- Sq Ft
1 Acre Lot

Sale Details

Date Sold: June 8, 2022

Last sale price $650,000

Est. 298% increase in value since last sale

Current estimated payment $14,421 / mo

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. 100% OCCUPANCY. 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 Agent to Sell the Property

Mike Fleming

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

Co-Listed By

Ricardo Del Toro

Marquette Properties, Inc License #475188009

Last Buyer's Agent

Dragos Morar

ROOFSPY LLC License #471020668

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,609

Year Built

  • Built in 1982

Lot Details

  • 1 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

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,609

Year Built

Built in 1982

Lot Details

1 Acres

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: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • 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: Circuit Breakers, 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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1
  • Lot Dimensions: 1
  • Zoning: MULTI

Rental Info

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

Multi Family

  • NumberOfUnitsTotal: 8
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8608.82
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Jun 8, 2022
Sold by
Bought by
Seller's Agent
Mike Fleming
Marquette Properties, Inc
Buyer's Agent
Dragos Morar
ROOFSPY LLC
Sold Price
$650,000
Current Estimated Value
$2,584,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,934,098
Original Mortgage
$1,970,000
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 6, 2004
Sold by
Bought by

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
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wilmington, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$2,600,000 Fidelity National Title
$1,120,000 Ticor Title
$321,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,970,000
Previous Owner $1,025,000
Previous Owner $1,120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,957 $294,492 $101,541 $192,951
2025 $2,901 $288,718 $99,550 $189,168
2023 $2,901 $277,509 $95,686 $181,823
2022 $2,799 $272,068 $93,810 $178,258
2021 $2,752 $266,734 $91,971 $174,763
2020 $2,717 $264,000 $91,028 $172,972
2019 $2,662 $258,825 $89,244 $169,581
2018 $2,615 $253,751 $87,495 $166,256
2017 $2,570 $248,777 $85,780 $162,997
2016 $2,481 $243,900 $84,099 $159,801
2014 $2,347 $235,532 $81,214 $154,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11250429

Midwest Real Estate Data (MRED)

APN: 03-17-36-400-048

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