NOT LISTED FOR SALE

1401 E Richwoods Blvd Peoria, IL 61603

Downtown Peoria Neighborhood

Estimated Value: $66,000 - $75,000

5 Beds
3 Baths
1,516 Sq Ft
$47/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $50,000 $33 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $526/month

About This Home

As of December 2021

This registered Tri-plex off Prospect not far from the Heights, is an ideal investment property for a new investor seeking owner occupancies. Tenants pay gas and electric. Landlord responsible for house meter and water heater. There are laundry hook ups on site. All units have their own entrance. There are two off-street parking spaces in addition to on street parking. Appliances remain but not warranted. Sold AS-IS.

Last Agent to Sell the Property

Debi Redington

Jim Maloof Realty, Inc. License #475183835 Listed on: 09/01/2021

Jim Maloof Realty, Inc.

Last Buyer's Agent

Adam Merrick

Adam Merrick Real Estate License #471018071

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,482

Year Built

  • Built in 1920

Lot Details

  • 7,579

Home Design

  • Triplex

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Basement Window Egress

Schools

  • Hines Elementary School
  • Peoria High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,482

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Triplex
  • Legal Description: TRIPP PLACE SE 1/4 SEC 27-9N-8E LOTS 143 & 144 & ALL THAT PT VAC ALLEY LYING N & ADJ THERETO AS DESC
  • Lvt Date: 09/01/2021
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 3
  • Number Refrigerators: 3
  • Basement: Block, Egress Window, Full, Partially Finished
  • Price Per Sq Ft: 32.98
  • Total Sq Ft: 1516

Exterior Features

  • Exterior: Aluminum Siding
  • Road Access: Gravel
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Assigned, On-Street Parking
  • Number Parking Spaces: 3

Utilities

  • Heating Cooling: Electric, Gas, Hot Water, Water Heater - Gas, Wall Units
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 1200
  • Gas Expense: 900
  • Laundry Facilities: No Laundry Equipment
  • Water Sewer Expenses: 500
  • Number Window Units: 3

Schools

  • Elementary School: Hines
  • Middle School: Von Steuben
  • High School: Peoria High
  • Elementary School: Hines
  • High School: Peoria High

Lot Info

  • Estimated Lot Size: 60x135
  • Zoning: Residential
  • Subdivision: Tripp Place
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 19740
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 2482.4
  • Parcel Id Number Tax Id: 14-27-453-026
  • Tax Year: 2020

Multi Family

  • Total Number Units: 3
  • Gross Annual Income: 19740
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Von Steuben

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Dec 2, 2021
Sold by
Friendship Properties Llc
Bought by
Greysteele Properties Llc
Seller's Agent
Debi Redington
Jim Maloof Realty, Inc.
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$72,000
Sold Price
$50,000
Premium/Discount to List
-$22,000
-30.56%
Current Estimated Value
$70,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,000
Avg. Annual Appreciation
9.51%

Purchase Details

Listed on
Sep 1, 2021
Closed on
Dec 1, 2021
Sold by
Friendship Properties Llc
Bought by
Greysteele Properties Llc
Seller's Agent
Debi Redington
Jim Maloof Realty, Inc.
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$72,000
Sold Price
$50,000
Premium/Discount to List
-$22,000
-30.56%

Purchase Details

Closed on
Feb 10, 2020
Sold by
James L Sniff Revocable Living Trust
Bought by
Friendship Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.1%
Mortgage Type
New Conventional
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
Greysteele Properties Llc $50,000 Heyl Royster Voelker & Allen
Greysteele Properties Llc $50,000 Heyl Royster Voelker & Allen
Friendship Properties Llc $195,000 Leiter Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Friendship Properties Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $50,000 -19.4% $33 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $62,000 -13.9% $41 / Sq Ft
09/01/2021 09/01/21 For Sale $72,000 -- $47 / 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 $1,851 $20,460 $3,600 $16,860
2023 $1,766 $18,770 $3,300 $15,470
2022 $1,726 $17,890 $3,100 $14,790
2021 $1,694 $17,040 $2,950 $14,090
2020 $1,690 $16,870 $2,920 $13,950
2019 -- $17,210 $2,980 $14,230
2018 -- $21,170 $3,010 $18,160
2017 $2,061 $21,380 $3,040 $18,340
2016 $2,004 $21,380 $3,040 $18,340
Source: Public Records

Agents Affiliated with this Home

  • Debi Redington

    Seller's Agent in 2021

    Debi Redington

    Jim Maloof Realty, Inc.

    (309) 472-7750

    4 in this area

    112 Total Sales

    Debi Redington
    Section Image
  • Adam Merrick

    Buyer's Agent in 2021

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    124 in this area

    4,230 Total Sales

    Adam Merrick
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1228423

RMLS Alliance

APN: 14/27/453/026

Illinois Peoria County Peoria 61603 Downtown Peoria

1401 E Richwoods Blvd, Peoria, IL

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