NOT LISTED FOR SALE

1224 Broadway St Pekin, IL 61554

South of Broadway Neighborhood

Estimated Value: $96,000 - $196,000

7 Beds
4 Baths
3,592 Sq Ft
$40/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $90,000 $25 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,128/month

293 Days on Market

About This Home

As of September 2022

If you are looking for a good investment property in Pekin, then this is for you! There are 2 dwellings that are included with the sale. Each house has 2 units. Gross monthly rental income is $2,260. Tenants pay for gas and electric and owner pays for water and garbage. Three (2) bed, (1) bath units with One unit being a (1) bed and (1) bath. 24 HR notice needed for all showings. Come take a look today!

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate License #471018071 Listed on: 09/10/2021

Last Buyer's Agent

Adam Merrick

Adam Merrick Real Estate License #471018071 Listed on: 09/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,664

Year Built

  • Built in 1932

Lot Details

  • 7,405

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Pekin Community High School

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,664

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: SEC 2 T24N R5W EAST ADDN LOT 7 NE 1/4
  • Lvt Date: 09/15/2021
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Hi-Speed Internet Availbl
  • Basement: Full
  • Price Per Sq Ft: 25.06
  • Total Sq Ft: 3592

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, On-Street Parking
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: 2+ Heating Systems, Forced Air, Gas, Central Air, Water Heater - Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1920
  • Laundry Facilities: No Laundry Equipment
  • Water Sewer Expenses: 3840

Schools

  • High School: Pekin Community
  • High School: Pekin Community

Lot Info

  • Estimated Lot Size: 60X120
  • Estimated Number of Acres: 0.17
  • Lot Description: Corner, Level
  • Subdivision: East
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 28800
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 3664
  • Parcel Id Number Tax Id: 04-10-02-201-009
  • Tax Year: 2021

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 28800
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2024
Sold by
Happy Blue Living Il Llc
Bought by
Lahood Acquisitions Llc
Current Estimated Value
$144,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,300
Outstanding Balance
$87,703
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$65,041

Purchase Details

Listed on
Sep 10, 2021
Closed on
Sep 9, 2022
Sold by
Dillman Cheryl L
Bought by
Happy Blue Living Ii Llc
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$89,900
Sold Price
$90,000
Premium/Discount to List
$100
0.11%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.86%
Original Mortgage
$72,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2000
Sold by
Hackney Esther P
Bought by
Hackney Esther P and Dillman Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,483
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Lahood Acquisitions Llc $87,605 None Listed On Document
Happy Blue Living Ii Llc $90,000 --
Hackney Esther P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lahood Acquisitions Llc $88,300
Previous Owner Happy Blue Living Ii Llc $72,000
Previous Owner Hackney Esther P $45,483
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $90,000 +0.1% $25 / Sq Ft
07/01/2022 07/01/22 For Sale $89,900 -0.1% $25 / Sq Ft
07/01/2022 07/01/22 Off Market $90,000 -- --
06/30/2022 06/30/22 Pending -- -- --
09/10/2021 09/10/21 For Sale $89,900 -- $25 / Sq Ft
Source: RMLS Alliance

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 $4,048 $47,580 $4,000 $43,580
2023 $4,048 $44,180 $3,710 $40,470
2022 $3,807 $41,200 $3,460 $37,740
2021 $3,664 $39,620 $3,330 $36,290
2020 $3,632 $39,620 $3,330 $36,290
2019 $3,581 $39,620 $3,330 $36,290
2018 $3,489 $39,620 $3,330 $36,290
2017 $3,398 $39,620 $3,320 $36,300
2016 $3,331 $38,840 $3,260 $35,580
2015 $3,376 $0 $0 $0
2013 $3,304 $40,530 $3,260 $37,270
Source: Public Records

Agents Affiliated with this Home

  • Adam Merrick

    Seller's Agent in 2022

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    232 in this area

    4,398 Total Sales

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Map

Source: RMLS Alliance

MLS Number: PA1228724

RMLS Alliance

APN: 04-10-02-201-009

Illinois Tazewell County Pekin 61554 South of Broadway

1224 Broadway St, Pekin, IL

This home is located at 1224 Broadway St, Pekin, IL 61554 since 10 September 2021 and is currently estimated at $142,748, approximately $39 per square foot. This property was built in 1932. 1224 Broadway St is a home located in Tazewell County with nearby schools including Dirksen Elementary School, Wilson Intermediate School, and Broadmoor Junior High School.

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.

RMLS Alliance 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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