NOT LISTED FOR SALE

1420 S 2nd St Pekin, IL 61554

South of Broadway Neighborhood

Estimated Value: $239,931

-- Bed
-- Bath
-- Sq Ft
0.8 Acres

Last Sold September 16, 2015

Last sale price $175,000

Est. 37% increase in value since last sale

Current estimated payment $1,759/month

About This Home

As of September 2015

This historic property was originally the home to Pekin Municipal Street Railway located on Route 29 with 3 large overhead doors, shop area and offices. Located directly across from Aventine Renewable Energy Plant. The property comes with one 20,000 gallon, double-walled tank for gasoline/oil storage dedicated for shop/storage/maintenance usage.

Last Agent to Sell the Property

Eric Heard

Coldwell Banker Commercai License #475115703 Listed on: 05/04/2015

Last Buyer's Agent

Eric Heard

Coldwell Banker Commercai License #475115703 Listed on: 05/04/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,062

Year Built

  • Built in 1930

Lot Details

  • 0.8

Utilities

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

Property Details

Property Type

Other

Est. Annual Taxes

$5,062

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial, Retail
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Maximum Ceiling Ht Feet: 9
  • Min Ceiling Ht Feet: 18
  • Total Building Sq Ft: 7990
  • Estimated Lot Sq Ft: 35000

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street, State Road
  • Insulation: Side Walls
  • Roof Construction: Membrane, Flat
  • Wall Construction: Brick

Garage/Parking

  • Numberparking Spaces Allocated: 20

Utilities

  • Cooling: Central Air, Individual Units
  • Heating: Forced Air, Gas, Electric
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.8
  • Zoning: I

Rental Info

  • Lease Type: Gross
  • Sale Lease Includes: Building, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 5062.24
  • Parcel Id Number Tax Id: 041003316043
  • Tax Incentive: None
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2015
Closed on
Sep 21, 2015
Sold by
Uselton Oil Co Inc
Bought by
Jaf Enterprises Llc
Seller's Agent
Eric Heard
Coldwell Banker Commercai
Buyer's Agent
Eric Heard
Coldwell Banker Commercai
List Price
$195,000
Sold Price
$175,000
Premium/Discount to List
-$20,000
-10.26%
Current Estimated Value
$239,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,931
Original Mortgage
$148,750
Outstanding Balance
$118,172
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2006
Sold by
Rice Eweart
Bought by
Uselton Oil Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Jaf Enterprises Llc $175,000 --
Uselton Oil Co Inc $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaf Enterprises Llc $148,750
Previous Owner Uselton Oil Co Inc $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2015 09/16/15 Sold $175,000 -10.3% --
06/05/2015 06/05/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $195,000 -- --
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 $6,036 $70,940 $28,730 $42,210
2023 $6,036 $65,880 $26,680 $39,200
2022 $5,677 $61,430 $24,880 $36,550
2021 $5,462 $59,060 $23,920 $35,140
2020 $5,413 $59,060 $23,920 $35,140
2019 $5,338 $59,060 $23,920 $35,140
2018 $5,201 $59,060 $23,920 $35,140
2017 $5,665 $66,050 $24,890 $41,160
2016 $5,552 $64,750 $24,400 $40,350
2015 $5,394 $0 $0 $0
2013 $5,057 $60,840 $23,920 $36,920
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Eric Heard

    Coldwell Banker Commercai

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA7032316

RMLS Alliance

APN: 04-10-03-316-043

Illinois Tazewell County Pekin 61554 South of Broadway

1420 S 2nd St, Pekin, IL

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