NOT LISTED FOR SALE

140 E Mazon Ave Dwight, IL 60420

Estimated Value: $263,000 - $464,000

5 Beds
12 Baths
3,250 Sq Ft
$102/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $235,000 $72 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,419/month

1,116 Days on Market

Highlights

  • Storage Room
  • Forced Air Heating System
  • Hot Water Heating System
  • Handicap Accessible

About This Home

As of October 2016

12 unit building with 7 studio apartments and five 1 Bed, 1 Bath units ~ 10 of the units have been COMPLETELY remodeled ~ GREAT INCOME ~ Many updates ~ Full unfinished basement ~ Usable attic space ~ Low vacancy rate ~ Rent rolls available per request to qualified buyers

Last Agent to Sell the Property

Elizabeth Girot

Arrow Realty Group LLC License #471000166 Listed on: 07/09/2013

Last Buyer's Agent

Rex Stengele

Clarke Co.,Inc. R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,703

Year Built

  • Built in 1929

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Unfinished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 12 Bathrooms

Utilities

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

Additional Features

  • Handicap Accessible
  • Energy-Efficient HVAC

Community Details

  • 12 Units

Listing and Financial Details

  • Tenant pays for electricity, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,703

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1929
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Misc Inside: Handicapped Access,Storage Inside
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block, Concrete Perimeter
  • Frontage Type: Public Road
  • Roof: Metal
  • Exterior Building Type: Brick
  • Roof Structure: Metal Decking,Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Chillers
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 X 150
  • Lot Size Sq Ft: 7500
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 17

Building Info

  • BuildingAreaTotal: 3250

Multi Family

  • NumberOfUnitsTotal: 12
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 5703.06
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Stengele Rex C
Bought by
Nelson Daniel A and Nelson Kathleen A
Current Estimated Value
$331,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Outstanding Balance
$162,737
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$168,729

Purchase Details

Listed on
Jul 9, 2013
Closed on
Oct 14, 2016
Sold by
Paul S Rental Space Inc
Bought by
Stengele Rex C
Seller's Agent
Elizabeth Girot
Arrow Realty Group LLC
Buyer's Agent
Rex Stengele
Clarke Co.,Inc. R.E.
List Price
$270,000
Sold Price
$235,000
Premium/Discount to List
-$35,000
-12.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$176,250
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 29, 2010
Sold by
Surges Lance A and Waugh Matt D
Bought by
Paul'S Rental Space Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
4.53%
Mortgage Type
Commercial
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
Nelson Daniel A $245,000 None Available
Stengele Rex C $235,000 None Available
Paul'S Rental Space Inc $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Daniel A $183,750
Previous Owner Stengele Rex C $176,250
Previous Owner Paul'S Rental Space Inc $143,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $235,000 -13.0% $72 / Sq Ft
07/29/2016 07/29/16 Pending -- -- --
07/09/2013 07/09/13 For Sale $270,000 -- $83 / Sq Ft
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 $8,182 $89,193 $4,882 $84,311
2023 $7,548 $84,215 $4,458 $79,757
2022 $6,570 $71,847 $6,512 $65,335
2021 $6,412 $69,754 $6,322 $63,432
2020 $6,412 $69,063 $6,259 $62,804
2019 $6,413 $65,587 $5,944 $59,643
2018 $6,335 $63,307 $5,737 $57,570
2017 $5,818 $58,240 $5,278 $52,962
2016 $5,525 $54,995 $4,984 $50,011
2015 $5,703 $55,833 $5,060 $50,773
2013 $5,761 $59,649 $5,406 $54,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08390046

Midwest Real Estate Data (MRED)

APN: 05-05-04-456-023