Seller's Agent in 2025
John Groebe
Coldwell Banker Realty
(708) 460-4900
1 in this area
100 Total Sales
121 E Division St Manteno, IL 60950
8
Beds
8
Baths
--
Sq Ft
0.5
Acres
Highlights
- Multiple Garages
- 0.5 Acre Lot
- 4 Car Attached Garage
- Manteno Middle School Rated 9+
- Balcony
- 4-minute walk to Merchants Park
About This Home
As of January 2025Two 4 unit buildings with large 1100 Sq Ft units. 2 bedroom, 1&1/2 to 2 bath units with in-unit laundry, central air, gas heat and attached garage with openers. Rents at 1200, 1300,1500 and 1700/ month. Tenants paid utilities. All units in great condition with fully occupied screened long term tenants. New roof in 2019, replaced furnaces, C/A, appliances, and carpet as needed. There are 2 ranch style units and 2 townhome style units. All units have Stove refrigerator, dishwasher, washer, dryer, ceiling fans, garbage disposals, and garage door openers. Additionally a one car attached garage and 2 additional parking spaces and street parking also available. Relaxing patios and balconies, and huge yard for tenant enjoyment. Possible construct 3 more units in this big yard. 5 minutes to downtown, grocery store and interstate 57. Enjoy the sleepy town of Manteno. You will enjoy this investment for years. Built as condos...Ready for conversion to condos. Can build additional units on back lot. Sister building for sale at 141 E Division. Owner will close after the new Year not in 2024.
Last Agent to Sell the Property
Coldwell Banker Realty License #471012579 Listed on: 09/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,768
Year Built
- Built in 1999
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 85x240
Parking
- 4 Car Attached Garage
- Multiple Garages
- Garage Transmitter
- Garage Door Opener
- Parking Included in Price
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 8 Bathrooms
Basement
- Sump Pump
- Crawl Space
Outdoor Features
- Balcony
- Patio
Schools
- Manteno Primary Elementary School
- Manteno High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
Overview
- 4 Units
- 4 Unit Condo Type Building
Building Details
- Insurance Expense $2,698
- Maintenance Expense $3,000
- Trash Expense $3,600
- Gross Income $68,400
- Net Operating Income $47,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2024
Closed on
Jan 23, 2025
Sold by
Groebe John A and Groebe Lynn M
Bought by
Municipal Trust and Municipal Trust
Seller's Agent
John Groebe
Coldwell Banker Realty
Buyer's Agent
Peter Grant
Berkshire Hathaway HomeServices Speckman Realty
List Price
$550,000
Sold Price
$550,000
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,775
Avg. Annual Appreciation
-5.28%
Original Mortgage
$1,102,142
Outstanding Balance
$1,071,084
Interest Rate
5.92%
Mortgage Type
New Conventional
Estimated Equity
-$547,859
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,100,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,102,142 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $550,000 | 0.0% | -- |
| 09/26/2024 09/26/24 | Pending | -- | -- | -- |
| 09/23/2024 09/23/24 | For Sale | $550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $12,947 | $141,014 | $27,682 | $113,332 |
| 2023 | $12,768 | $130,606 | $25,396 | $105,210 |
| 2022 | $11,998 | $115,900 | $22,931 | $92,969 |
| 2021 | $11,842 | $112,755 | $22,931 | $89,824 |
| 2020 | $11,649 | $107,670 | $22,317 | $85,353 |
| 2019 | $11,718 | $107,568 | $22,096 | $85,472 |
| 2018 | $11,291 | $105,786 | $21,769 | $84,017 |
| 2017 | $11,856 | $111,817 | $21,553 | $90,264 |
| 2016 | $11,498 | $112,812 | $21,553 | $91,259 |
| 2015 | $10,989 | $109,520 | $21,130 | $88,390 |
| 2014 | $9,553 | $99,467 | $20,818 | $78,649 |
| 2013 | -- | $101,325 | $21,028 | $80,297 |
Source: Public Records
Agents Affiliated with this Home
-
John Groebe
-
Peter Grant
Buyer's Agent in 2025
Peter Grant
Berkshire Hathaway HomeServices Speckman Realty
(815) 405-8610
5 in this area
146 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12112012
APN: 03-02-22-125-030
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