NOT LISTED FOR SALE

1418 5th St Lincoln, IL 62656

Estimated Value: $114,000 - $266,000

-- Bed
-- Bath
3,636 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $225,000 $62 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,502/month

3 Days on Market

About This Home

As of October 2023

Choice five unit aluminum sided single story apartment complex on a dead end street -- loads of privacy which makes this an even more desirable income producing property! Three units feature two bedrooms, living room, equipped eat-in kitchen, full hall bath, and an attached carport with adjacent private laundry facilities. Each two bedroom unit is rented for $550.00/month. Two units feature one bedroom, living room, equipped eat-in kitchen, full hall bath, and an attached carport with adjacent private laundry facilities. Each one bedroom unit is rented for $500.00/month. All five units are currently under an annual lease and feature separate gas forced air furnaces as well as separate central air conditioning units. Range/oven and refrigerators are owned by the property owner and will convey with property upon settlement -- washers and dryers are owned by tenants. Property owner currently pays water, sewer, garbage, and is responsible for lawn maintenance -- tenants currently are pay Ameren. Structure is on a concrete block crawlspace. Addresses are 1418 5th Street, Lincoln -- Apartments 1-5. Talk about a choice investment property -- this one is HOT and will NOT last long!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 08/29/2023

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 08/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,972

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 93x250
  • Street terminates at a dead end

Home Design

  • Concrete Foundation
  • Block Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3,636 Sq Ft Home
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Carport

Schools

  • Lincoln High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 12-036-034-20

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,972

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1961
  • New Construction: No
  • Structure Type: One Story
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Lot Features: Dead End Street
  • Construction Type: Aluminum Siding
  • Foundation Details: Block, Concrete
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 5

Utilities

  • Heating: Forced Air, Gas
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 5
  • NumberofRefrigerators: 5
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Lincoln

Lot Info

  • Lot Size: 93X250
  • Parcel #: 12-036-034-20

Rental Info

  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4971.72
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2011
Sold by
Eimer Lidia R
Bought by
Eimer Craig S
Current Estimated Value
$200,806
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Eimer Craig S -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2023 10/02/23 Sold $225,000 0.0% $62 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $225,000 -- $62 / 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 $5,356 $59,220 $14,830 $44,390
2023 $5,113 $54,830 $13,730 $41,100
2022 $4,972 $51,120 $12,800 $38,320
2021 $4,804 $49,220 $12,320 $36,900
2020 $4,812 $49,220 $12,320 $36,900
2019 $4,712 $48,260 $12,080 $36,180
2018 $4,589 $46,410 $11,620 $34,790
2017 $4,564 $46,410 $11,620 $34,790
2016 $4,505 $46,960 $11,760 $35,200
2015 $4,219 $45,100 $11,380 $33,720
2014 $4,219 $45,100 $11,380 $33,720
2013 $4,219 $41,620 $10,500 $31,120
2012 $4,219 $42,220 $10,650 $31,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1024420

RMLS Alliance

APN: 12-036-034-20