NOT LISTED FOR SALE

1405 W Kirby Ave Champaign, IL 61821

Estimated Value: $164,000

32 Beds
-- Bath
-- Sq Ft
0.53 Acres

Last Sold July 20, 2015

Last sale price $725,000

Current estimated payment $1,161/month

98 Days on Market

Highlights

  • Laundry Room
  • Central High School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2015

16 - 2 BEDROOM, 1 BATH APARTMENTS IN WEST CHAMPAIGN! CLOSE TO SCHOOLS, SHOPPING, DINING & PARKS! NICE WELL KEPT BRICK BUILDING. EXCELLENT RENTAL HISTORY. NEW CENTRAL A/C UNITS IN MANY APTS. LANDLORD PAYS WATER.

Last Agent to Sell the Property

Brian Hannon

Taylor Realty Associates License #471019689 Listed on: 03/19/2015

Last Buyer's Agent

Carol Meinhart

The Real Estate Group,Inc License #475127814

The Real Estate Group,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,318

Lot Details

  • Lot Dimensions are 121x156x139x226

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 32 Bedrooms
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 16 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,318

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Stories: 2
  • Legal Description: LOT 22 LINCOLNSHIRE ADD 1
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 32
  • Basement Description: Unfinished
  • Misc Inside: Laundry Room

Exterior Features

  • Construction Materials: Brick
  • List Price: 700000
  • Exterior Building Type: Brick
  • Roof Structure: Other

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Utilities: Water-Municipal, Sewer-Storm Available
  • Heat/Ventilation: Gas,Forced Air

Lot Info

  • Lot Dimensions: 121X156X139X226

Rental Info

  • Board Number: 22

Multi Family

  • NumberOfUnitsTotal: 16

Tax Info

  • Tax Annual Amount: 15318
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2018
Sold by
Thomas Rentals Llc
Bought by
Kgp Llc
Current Estimated Value
$164,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$964,000
Outstanding Balance
$838,329
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
-$674,329

Purchase Details

Closed on
Sep 25, 2012
Sold by
Mid Illinois Realty Group Iii Llc
Bought by
Fast Track Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2009
Sold by
Barr Leslie
Bought by
Dwb Family Llc Series 1405 Kirby

Purchase Details

Closed on
Mar 30, 2009
Sold by
Barr J Vance
Bought by
Jvb Family Llc Series 1405 Kirby

Purchase Details

Closed on
Mar 3, 2009
Sold by
Mid Illinois Realty Group Iii Llc
Bought by
Barr J Vance and Barr Leslie

Purchase Details

Closed on
Sep 25, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Mid Illinois Realty Group Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
6.49%
Mortgage Type
Commercial
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
Kgp Llc $1,205,000 None Available
Fast Track Realty Llc $518,000 None Available
Dwb Family Llc Series 1405 Kirby -- None Available
Jvb Family Llc Series 1405 Kirby -- None Available
Barr J Vance -- None Available
Mid Illinois Realty Group Iii Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kgp Llc $964,000
Closed Thomas Rentals Llc $1,702,815
Previous Owner Thomas Rentals Llc $788,000
Previous Owner Thomas Rentals Llc $172,000
Previous Owner Fast Track Realty Llc $600,000
Previous Owner Mid Illinois Realty Group Iii Llc $550,000
Previous Owner Dwb Family Llc Series 903 W Nevada $2,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2015 07/20/15 Sold $725,000 +3.6% --
06/25/2015 06/25/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $700,000 -- --
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 $3,237 $39,410 $39,410 --
2023 $3,237 $35,890 $35,890 $0
2022 $19,696 $214,190 $33,110 $181,080
2021 $18,135 $198,100 $30,620 $167,480
2020 $18,163 $198,100 $30,620 $167,480
2019 $17,580 $194,030 $29,990 $164,040
2018 $17,185 $190,980 $29,520 $161,460
2017 $17,257 $190,980 $29,520 $161,460
2016 $15,472 $187,050 $28,910 $158,140
2015 $15,590 $183,740 $28,400 $155,340
2014 $15,457 $183,740 $28,400 $155,340
2013 $15,318 $183,740 $28,400 $155,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09454571

Midwest Real Estate Data (MRED)

APN: 45-20-23-126-005