NOT LISTED FOR SALE

1405 N 6th St Princeton, IL 61356

Estimated Value: $218,000 - $330,000

4 Beds
4 Baths
-- Sq Ft
0.53 Acres

Last Sold May 24, 2021

Last sale price $165,000

Est. 51% increase in value since last sale

Current estimated payment $1,779/month

4 Days on Market

Highlights

  • Ranch Style House
  • Two Heating Systems
  • Baseboard Heating

About This Home

As of May 2021

Ranch home that has been converted into multi unit residential housing. Currently being used as a 4 unit independent living facility for seniors. Each unit has 1 bedroom and 1 bathroom. Units are varying in size. All units have their own baseboard heat but share a common furnace, AC, and water heater. Laundry hook up in a common area available. Each tenant has their own personal exterior entry and use of the concrete driveway, as well as a common covered patio area. Property has a one car detached garage. Currently 3 out of the 4 units are occupied on a month to month basis. Rent covers meals 5 days a week, weekly laundry service, snow removal, lawn mowing service, and all utilities. New owner will have to decide and renegotiate terms of rent in the event that they do not want to provide all of these services. Units come furnished and include appliances.

Last Agent to Sell the Property

Bethany Coleman-Weger

Local Realty Group, Inc. Listed on: 04/09/2021

Co-Listed By

Angie Heckman

Local Realty Group, Inc.

Last Buyer's Agent

Bethany Coleman-Weger

Local Realty Group, Inc. Listed on: 04/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Year Built

  • Built in 1964

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 145x160

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Crawl Space

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Princeton High School

Utilities

  • Two Heating Systems
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Crawl,Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Refrigerator,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Refrigerator,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Refrigerator,Microwave,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Heating: Natural Gas, Baseboard, Sep Heating Systems - 2+
  • Water Source: Public

Schools

  • High School: Princeton High School

Lot Info

  • Lot Size Acres: 0.53
  • Lot Dimensions: 145X160
  • Zoning: SINGL
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 18
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 4460.56
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2025
Sold by
Laethem Clint M
Bought by
Laethem Rachel
Current Estimated Value
$249,041

Purchase Details

Closed on
Jan 25, 2024
Sold by
Laethem Clint M and Laethem Rachel
Bought by
Elm City Comfort Llc

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 18, 2021
Sold by
Miller Sherry L and Pettett Sherry L
Bought by
Laethem Clint M and Laethem Rachel
Seller's Agent
Bethany Coleman-Weger
Local Realty Group, Inc.
Buyer's Agent
Bethany Coleman-Weger
Local Realty Group, Inc.
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$75,000
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Laethem Rachel -- None Listed On Document
Elm City Comfort Llc -- None Listed On Document
Laethem Clint M $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laethem Clint M $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2021 05/24/21 Sold $165,000 0.0% --
04/13/2021 04/13/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $165,000 -- --
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 $5,570 $70,757 $9,391 $61,366
2023 $5,570 $65,166 $8,649 $56,517
2022 $5,264 $61,097 $8,109 $52,988
2021 $2,307 $57,835 $7,676 $50,159
2020 $4,461 $55,718 $7,395 $48,323
2019 $4,461 $55,052 $7,307 $47,745
2018 $4,369 $54,110 $7,182 $46,928
2017 $4,446 $54,306 $7,208 $47,098
2016 $4,324 $52,889 $7,020 $45,869
2015 -- $45,067 $0 $45,067
2014 -- $51,964 $6,897 $45,067
2013 -- $52,246 $6,934 $45,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11049019

Midwest Real Estate Data (MRED)

APN: 16-10-151-001