NOT LISTED FOR SALE

1226 Leon Way Bourbonnais, IL 60914

Estimated Value: $514,000 - $593,275

12 Beds
8 Baths
-- Sq Ft
0.34 Acres

Last Sold July 14, 2022

Last sale price $520,000

Est. 8% increase in value since last sale

Current estimated payment $4,113/month

6 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Patio
  • Ceiling Fan

About This Home

As of July 2022

Multi-family bldg with 4 townhouse style units and private entrances to each unit. Live in one unit and rent the others. 3 bedrooms and 1.5 baths per unit. Each unit has 1 car attached garage with opener. Appliance include dishwasher, range, range hood & refrigerator. The kitchen includes a dinette area and a sliding door to a patio. The first floor includes a large foyer, half bath and a nice sized living room. The second floor has three bedrooms a full bathroom and a laundry room available for washer and dryer hook ups. New roof 2018. Low maintenance with the brick and vinyl siding. Call today for more details.

Last Agent to Sell the Property

Lisa Sanford

Berkshire Hathaway HomeServices Speckman Realty License #471002971 Listed on: 05/24/2022

Berkshire Hathaway HomeServices Speckman Realty

Last Buyer's Agent

Satnam Sandhu

Gava Realty License #475200556

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,702

Year Built

  • Built in 2004

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 115x130x115x130
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 8 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Schools

  • Bradley Boubonnais High School

Additional Features

  • Patio
  • Forced Air Heating System

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,559
  • Trash Expense $912
  • Gross Income $64,800
  • Net Operating Income $49,477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,702

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 4
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • Room: 5

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Block
  • List Price: 510000
  • Lot Features: Sidewalks, Streetlights
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 912
  • Other Expenses $: 1675
  • Trash Expense Year: 2022

Schools

  • High School: Bradley Boubonnais High School
  • Middle/Junior School District: 61

Lot Info

  • Lot Size Acres: 0.34
  • Lot Dimensions: 115X130X115X130
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Heat,Water

Multi Family

  • Net Operating Income: 49477
  • Insurance Expense: 1559
  • GrossIncome: 64800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 11702.32
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Jul 14, 2022
Sold by
Bruce Page
Bought by
Sandhu Satnam Singh and Bains Jatinder
Seller's Agent
Lisa Sanford
Berkshire Hathaway HomeServices Speckman Realty
Buyer's Agent
Satnam Sandhu
Gava Realty
List Price
$510,000
Sold Price
$520,000
Premium/Discount to List
$10,000
1.96%
Current Estimated Value
$562,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,319
Avg. Annual Appreciation
0.51%
Original Mortgage
$390,000
Outstanding Balance
$375,809
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$152,427

Purchase Details

Closed on
Nov 2, 2021
Sold by
Midland States Bank Successor By Merger
Bought by
Page Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,483,719
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2012
Sold by
Trust 1792
Bought by
Homestar Bk & Fncl Serv Tr 1601
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
Sandhu Satnam Singh $520,000 Standard Title
Page Bruce $3,349,500 Standard Title
Homestar Bk & Fncl Serv Tr 1601 $2,635,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandhu Satnam Singh $390,000
Previous Owner Page Bruce $2,483,719
Closed Page Bruce $999,069
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $520,000 +2.0% --
05/31/2022 05/31/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $510,000 -- --
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 $12,591 $144,554 $21,123 $123,431
2023 $12,105 $133,846 $19,558 $114,288
2022 $11,865 $125,800 $18,851 $106,949
2021 $11,702 $123,032 $18,436 $104,596
2020 $11,177 $119,740 $17,943 $101,797
2019 $11,388 $116,252 $17,420 $98,832
2018 $11,200 $114,534 $17,163 $97,371
2017 $11,190 $111,740 $16,744 $94,996
2016 $10,965 $110,089 $16,497 $93,592
2015 $10,900 $108,999 $16,334 $92,665
2014 $10,611 $108,999 $16,334 $92,665
2013 -- $108,999 $16,334 $92,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11414127

Midwest Real Estate Data (MRED)

APN: 17-09-16-407-017