NOT LISTED FOR SALE

1227 Royal Ave Pekin, IL 61554

South of Broadway Neighborhood

Estimated Value: $164,000 - $177,000

6 Beds
4 Baths
3,420 Sq Ft
$49/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $135,000 $39 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,243/month

32 Days on Market

About This Home

As of September 2022

Great investment property! New roof on both apartment buildings in 2021. Original hardwood flooring and stained glass in Apt 1. On site coin laundry for 3 units. Laundry hookups in largest unit. Never sat on a vacancy!

Last Agent to Sell the Property

Brenda Bonello

Keller Williams Premier Realty License #475132936 Listed on: 07/03/2022

Keller Williams Premier Realty

Last Buyer's Agent

Kelly Rupp

Coldwell Banker Real Estate Group License #471016821

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,389

Year Built

  • Built in 1907

Lot Details

  • 8,712

Interior Spaces

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

Schools

  • Pekin Community High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,389

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: SEC 2 T24N R5W EAST ADDN LOT 8 & E 20' OF LOT 9 NE 1/4
  • Lvt Date: 07/05/2022
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dryers: 1
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Number Washers: 1
  • Basement: Full
  • Price Per Sq Ft: 39.47
  • Total Sq Ft: 3420

Exterior Features

  • Exterior: Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Guest Parking
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: 2+ Heating Systems, Forced Air, Gas, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Gas Expense: 2500
  • Laundry Facilities: Owned Equipment, Units Hook-Ups
  • Water Sewer Expenses: 500

Schools

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

Lot Info

  • Estimated Lot Size: 60x108
  • Lot Description: Level
  • Subdivision: East
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 3388.72
  • Parcel Id Number Tax Id: 04-10-02-204-014
  • Tax Year: 2021

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 23700
  • Total Number Central Air Units: 3
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2022
Closed on
Sep 23, 2022
Sold by
Lundeen Group Llc
Bought by
Kmr Properties Llc
Seller's Agent
Brenda Bonello
Keller Williams Premier Realty
Buyer's Agent
Kelly Rupp
Coldwell Banker Real Estate Group
List Price
$157,500
Sold Price
$135,000
Premium/Discount to List
-$22,500
-14.29%
Views
32
Current Estimated Value
$167,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,992
Avg. Annual Appreciation
5.80%
Original Mortgage
$108,000
Outstanding Balance
$103,446
Interest Rate
5.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
$55,989

Purchase Details

Closed on
Feb 6, 2013
Sold by
Lundeen Scott M and Lundeen Meghan N
Bought by
The Lundeen Group Llc

Purchase Details

Closed on
May 17, 2010
Sold by
Whiteman Donald E and Whiteman Mark A
Bought by
Lundeen Meghan N and Lundeen Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,880
Interest Rate
5.3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kmr Properties Llc $135,000 --
The Lundeen Group Llc -- None Available
Lundeen Meghan N $113,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kmr Properties Llc $108,000
Previous Owner Lundeen Meghan N $101,880
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $135,000 -14.3% $39 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/03/2022 07/03/22 For Sale $157,500 -- $46 / 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 $3,949 $46,420 $5,430 $40,990
2023 $3,949 $43,100 $5,040 $38,060
2022 $3,521 $38,100 $4,700 $33,400
2021 $3,389 $36,640 $4,520 $32,120
2020 $3,358 $36,640 $4,520 $32,120
2019 $3,311 $36,640 $4,520 $32,120
2018 $3,227 $36,640 $4,520 $32,120
2017 $3,144 $36,660 $4,520 $32,140
2016 $3,082 $35,940 $4,440 $31,500
2015 $3,123 $0 $0 $0
2013 $2,567 $37,490 $4,440 $33,050
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brenda Bonello

    Keller Williams Premier Realty

    (309) 360-2428

    2 in this area

    41 Total Sales

    Brenda Bonello
    Section Image
  • Kelly Rupp

    Buyer's Agent in 2022

    Kelly Rupp

    Coldwell Banker Real Estate Group

    (309) 256-0311

    19 in this area

    420 Total Sales

    Kelly Rupp
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1235746

RMLS Alliance

APN: 04-10-02-204-014

Illinois Tazewell County Pekin 61554 South of Broadway

1227 Royal Ave, Pekin, IL

This home is located at 1227 Royal Ave, Pekin, IL 61554 since 03 July 2022 and is currently estimated at $167,992, approximately $49 per square foot. This property was built in 1907. 1227 Royal Ave 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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