NOT LISTED FOR SALE

1341 Harmon Dr Rantoul, IL 61866

Estimated Value: $257,000 - $281,000

21 Beds
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold January 22, 2024

Last sale price $510,000

Est. 47% decrease in value since last sale

Current estimated payment $1,566/month

8 Days on Market

About This Home

As of January 2024

Rare opportunity to own 3 multi-unit buildings in Rantoul coming up!! These properties have seen tons of updates over the years and have a good rental history. Each building has 4 units, and they are either 1 bedroom renting around $550/mo or 2 bedroom renting around $650/mo. The buildings themselves have metal roofs, updated exteriors, updated interiors with an open lobby, and overall are in great shape. If you are looking for a good return on your investment, here it is!

Last Agent to Sell the Property

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 09/01/2023

eXp Realty-Mahomet

Co-Listed By

Josh Hinkle

eXp Realty-Mahomet License #475145485

Last Buyer's Agent

Inactive Inactive

Baird & Warner Fox Valley - Geneva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,060

Lot Details

  • Lot Dimensions are 217 x 105
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 21 Bedrooms
  • 2-Story Property
  • Laundry Room

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Community Details

Overview

  • 12 Units

Building Details

  • Fuel Expense $2,619
  • Insurance Expense $3,632
  • Trash Expense $1,167
  • Water Sewer Expense $169
  • Operating Expense $11,723
  • Gross Income $80,000
  • Net Operating Income $44,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,060

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Built Before 1978 (Y/N): No
  • Legal Description: TBD
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 21
  • Misc Inside: Laundry Room
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Aluminum Siding,Brick,Vinyl Siding
  • Roof Structure: Other

Utilities

  • Electric: Service - 0 to 100 Amps
  • Utilities: Water-Municipal, Sewer-Storm Available
  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 1167
  • Water Sewer Expenses: 169

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 217 X 105

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 22

Multi Family

  • Net Operating Income: 44113
  • Fuel Expense: 2619
  • Insurance Expense: 3632
  • GrossIncome: 80000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 11723
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 5059.92
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Jan 22, 2024
Sold by
Jake Of All Trades Construction Llc
Bought by
Salvation Army
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Inactive Inactive
Baird & Warner Fox Valley - Geneva
List Price
$499,990
Sold Price
$510,000
Premium/Discount to List
$10,010
2%
Views
19
Current Estimated Value
$269,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$241,000
Avg. Annual Appreciation
-28.09%

Purchase Details

Closed on
Dec 16, 2004
Sold by
Rantoul Rentals Inc
Bought by
Trust #Boi 647-16-1606 and Geis Jeffrey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salvation Army $510,000 None Listed On Document
Trust #Boi 647-16-1606 $60,000 Allied
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2024 01/22/24 Sold $510,000 +2.0% --
09/10/2023 09/10/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $499,990 -- --
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 $1,883 $20,960 $8,120 $12,840
2023 $1,883 $18,690 $7,240 $11,450
2022 $1,761 $16,680 $6,460 $10,220
2021 $1,687 $15,570 $6,030 $9,540
2020 $1,563 $15,050 $5,830 $9,220
2019 $1,499 $14,460 $5,600 $8,860
2018 $1,594 $13,720 $5,310 $8,410
2017 $1,600 $13,330 $5,160 $8,170
2016 $1,724 $14,650 $5,160 $9,490
2015 $1,715 $14,650 $5,160 $9,490
2014 $1,686 $14,650 $5,160 $9,490
2013 $1,676 $14,980 $5,280 $9,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11868932

Midwest Real Estate Data (MRED)

APN: 20-09-01-106-009