NOT LISTED FOR SALE

124126 W Prairie St Marengo, IL 60152

Estimated Value: $209,000 - $308,000

5 Beds
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold August 10, 2023

Last sale price $130,000

Est. 87% increase in value since last sale

Current estimated payment $1,606/month

20 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Ceiling Fan
  • Multiple Water Heaters
  • Forced Air Heating System
  • Heating System Uses Steam

About This Home

As of August 2023

Excellent investment opportunity. Totally separate utilities, tenants pay all. Three bedrooms in one unit, tenant has been there 18 years! Sold as is.

Last Agent to Sell the Property

Alison Siambanis

CENTURY 21 New Heritage License #475100811 Listed on: 06/22/2023

CENTURY 21 New Heritage

Last Buyer's Agent

Josh Brown

Berkshire Hathaway HomeServices Starck Real Estate License #475157923

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,732

Lot Details

  • 10,454

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Marengo High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Gas Water Heater

Additional Features

  • Enclosed Patio or Porch
  • Lot Dimensions are 67 x 132

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,756
  • Gross Income $11,313
  • Net Operating Income $11,313

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,732

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
  • Room Type: Enclosed Porch
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Stone
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam
  • Water Source: Public

Schools

  • High School: Marengo High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 67 X 132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Multi Family

  • Net Operating Income: 11313
  • Insurance Expense: 1756
  • GrossIncome: 11313
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3732
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 10, 2023
Sold by
Anna Michael J and Anna Stempfle
Bought by
124 W Prairie Llc
Seller's Agent
Alison Siambanis
CENTURY 21 New Heritage
Buyer's Agent
Josh Brown
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%
Views
54
Current Estimated Value
$242,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,524
Avg. Annual Appreciation
32.43%
Original Mortgage
$104,000
Outstanding Balance
$101,586
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$140,938

Purchase Details

Closed on
May 21, 2010
Sold by
Stempfle & Stokes Properties
Bought by
Stokes Charles T and Stempfle Michael J

Purchase Details

Closed on
Dec 27, 2005
Sold by
Salemi Joseph F
Bought by
Stempfle & Stokes Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 25, 2004
Sold by
Salemi Joseph F and Salemi Karen A
Bought by
The Joseph F Salemi Trust and The Karen A Salemi Trust
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
124 W Prairie Llc $65,000 None Listed On Document
Prairie Llc $65,000 None Listed On Document
Stokes Charles T -- None Available
Stempfle & Stokes Properties $150,200 Multiple
The Joseph F Salemi Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 124 W Prairie Llc $104,000
Previous Owner Stempfle & Stokes Properties $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2023 08/10/23 Sold $130,000 0.0% --
07/13/2023 07/13/23 Pending -- -- --
06/29/2023 06/29/23 Off Market $130,000 -- --
06/22/2023 06/22/23 For Sale $145,000 -- --
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 $3,960 $52,182 $13,928 $38,254
2023 $3,890 $46,000 $12,278 $33,722
2022 $3,732 $41,599 $11,103 $30,496
2021 $3,493 $37,904 $10,117 $27,787
2020 $3,445 $36,072 $9,628 $26,444
2019 $3,658 $34,179 $9,123 $25,056
2018 $3,412 $32,014 $8,545 $23,469
2017 $3,317 $30,325 $8,094 $22,231
2016 $3,227 $28,333 $7,562 $20,771
2013 -- $40,777 $7,399 $33,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11814131

Midwest Real Estate Data (MRED)

APN: 11-35-277-022