NOT LISTED FOR SALE

127 W 5th St Minonk, IL 61760

Estimated Value: $63,817

5 Beds
3 Baths
-- Sq Ft
1,481 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $55,000

Est. 16% increase in value since last sale

Current estimated payment $436/month

51 Days on Market

About This Home

As of March 2022

INVESTMENT OPPORTUNITY! Two apartment units & commercial space. Check out this commercial building that has a 3 bedroom lower level apartment and a two bedroom main level apartment. There is also office or retail space in another unit that has an entrance off of W 5th Street. The commercial unit has a half bathroom and is improved by two front windows ideal for displaying retail items. The owner pays all utilities in these three income producing units. Don't miss this excellent chance to own your small business and have income producing rental units to offset your expenses!

Last Listed By

Craig Meyer

Meyer-Jochums Agency License #471005506 Listed on: 12/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $856

Year Built

  • Built in 1930 | Remodeled in 2014

Lot Details

  • 1,481

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Fieldcrest Elementary School
  • Fieldcrest Jr High Middle School
  • Fieldcrest High School

Additional Features

  • Lot Dimensions are 40 x 60
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$856

Year Built

Built in 1930 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2014
  • ResoPropertyType: ResidentialIncome
  • MRD_AP1: Stove,Refrigerator
  • MRD_AP2: Stove,Refrigerator
  • MRD_AP3: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 1

Exterior Features

  • List Price: 74000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: Y

Schools

  • Elementary School: Fieldcrest Elementary
  • High School: Fieldcrest High School
  • Middle/Junior School: Fieldcrest Jr High
  • Middle/Junior School District: 6

Lot Info

  • Lot Dimensions: 40 X 60
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 855.98
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2021
Closed on
Mar 18, 2022
Sold by
Kleen Randall L
Bought by
Kleen Gregory G and Torres Janet A
Seller's Agent
Craig Meyer
Meyer-Jochums Agency
Buyer's Agent
Crystal Semmerling
Coldwell Banker Real Estate Group
List Price
$74,000
Sold Price
$55,000
Premium/Discount to List
-$19,000
-25.68%
Total Days on Market
51
Current Estimated Value
$63,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,817
Original Mortgage
$56,789
Interest Rate
3.39%
Mortgage Type
New Conventional

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
Kleen Gregory G $55,000 Woodford County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kleen Gregory G $56,789
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $55,000 -25.7% --
02/18/2022 02/18/22 Pending -- -- --
12/28/2021 12/28/21 For Sale $74,000 -- --
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
2023 $975 $11,067 $2,343 $8,724
2022 $952 $10,552 $2,234 $8,318
2021 $885 $9,965 $2,110 $7,855
2020 $844 $9,718 $2,058 $7,660
2019 $872 $10,234 $2,167 $8,067
2018 $866 $9,841 $2,084 $7,757
2017 $861 $9,648 $2,043 $7,605
2016 $856 $9,316 $1,973 $7,343
2015 $844 $9,256 $1,960 $7,296
2014 $844 $9,350 $1,980 $7,370
2013 $844 $9,276 $1,964 $7,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11294834

Midwest Real Estate Data (MRED)

APN: 06-07-402-017