NOT LISTED FOR SALE

Estimated Value: $93,369

-- Bed
2 Baths
2,318 Sq Ft
$40/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $69,500 $30 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $706/month

2 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of December 2021

Great investment opportunity fully rented with 3 long term tenants who have maintained good standing. Upper unit is a two bedroom. Main floor front is one bedroom unit. Main floor back is a commercial department of agriculture preparation kitchen with 3 phase electric, walk-in freezer/cooler, half bath. Parking in back off alley.

Last Agent to Sell the Property

Mary Maxted

Coldwell Banker Real Estate Group License #475158256 Listed on: 11/20/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Victor Tellez

Realty of America, LLC License #475173003

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,799

Lot Details

  • 6,098

Parking

  • 4 Car Parking Spaces

Home Design

  • Shingle Roof
  • Siding

Interior Spaces

  • 2,318 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup
  • Basement

Kitchen

  • Stove
  • Range

Location

  • Property is near public transit

Schools

  • Whitehead Elementary School
  • Bernard W Flinn Middle School
  • Rockford East High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 3 Units
  • 2-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,799

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2318
  • Front: 60
  • General Features: Laundry in Building, On Bus Route
  • Grid: 76
  • Legal Description: LOCUST HILL RE-SUB BNG A SUB OF PT NW 1/4 SEC 31-44-2 LOT 005 BLOCK 001
  • Lvt Date: 11/20/2021
  • Rear: 60
  • Side 1: 101.25
  • Side 2: 101.25
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 950
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 3
  • Number Of Units In Bldg: 3
  • Potential Income: 1530
  • Utilities Yr: 190
  • Agent Only_ L A1 User Code: 10275
  • Elementary School: Whitehead Elementary
  • Estimated Total Finished Sq Ft: 2318
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Great investment opportunity fully rented with 3 long term tenants who have maintained good standing. Upper unit is a two bedroom. Main floor front is one bedroom unit. Main floor back is a commercial department of agriculture preparation kitchen with 3 phase electric, walk-in freezer/cooler, half bath. Parking in back off alley.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: No
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 2318
  • L O1 Brokerage Number: 481011083
  • S O1 Brokerage Number: 481011083
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Price Per Sq Ft: 29.98
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 4

Utilities

  • Cooling: Wall Unit, Window Unit
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Rockford 205
  • Elementary School: Whitehead Elementary
  • Middle School: Bernard W Flinn Middle
  • High School: Rockford East High

Tax Info

  • Year: 2020
  • Taxes: 1799

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Bernard W Flinn Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Dec 13, 2021
Sold by
John Pena
Bought by
Barr Investments Llc
Seller's Agent
Mary Maxted
Coldwell Banker Real Estate Group
Buyer's Agent
Victor Tellez
Realty of America, LLC
List Price
$72,500
Sold Price
$69,500
Premium/Discount to List
-$3,000
-4.14%
Current Estimated Value
$93,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,869
Avg. Annual Appreciation
7.25%

Purchase Details

Listed on
Aug 10, 2018
Closed on
Jan 16, 2019
Sold by
Giesen Elizabeth J Trust
Bought by
Pena John
Seller's Agent
Robert Schofield
DICKERSON & NIEMAN
Buyer's Agent
Sherry Ackerman
EXIT Realty Redefined Maurer Group
List Price
$68,000
Sold Price
$40,000
Premium/Discount to List
-$28,000
-41.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.07%

Purchase Details

Closed on
Jun 4, 2007
Bought by
Giesen Elizabeth
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
Barr Investments Llc $69,500 None Listed On Document
Pena John $40,000 Metropolitan Title Agency Inc
Pena John $40,000 Kelly Connor Nicholas Pc
Giesen Elizabeth $115,700 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $69,500 -4.1% $30 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $72,500 +81.3% $31 / Sq Ft
01/25/2019 01/25/19 Sold $40,000 -24.5% $17 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/26/2018 11/26/18 Price Changed $53,000 -8.6% $23 / Sq Ft
10/22/2018 10/22/18 Price Changed $58,000 -14.7% $25 / Sq Ft
08/10/2018 08/10/18 For Sale $68,000 -- $29 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $2,324 $24,527 $9,259 $15,268
2023 $2,246 $21,627 $8,164 $13,463
2022 $1,844 $16,137 $7,298 $8,839
2021 $1,814 $14,797 $6,692 $8,105
2020 $1,799 $13,988 $6,326 $7,662
2019 $1,786 $13,332 $6,029 $7,303
2018 $2,440 $17,040 $2,718 $14,322
2017 $2,420 $16,308 $2,601 $13,707
2016 $2,417 $16,002 $2,552 $13,450
2015 $2,448 $16,002 $2,552 $13,450
2014 $2,381 $16,004 $3,183 $12,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202107689

NorthWest Illinois Alliance of REALTORS®

APN: 12-31-101-005