$505,000
SOLD MAR 27, 2025

1521 Wingo Ln Bourbonnais, IL 60914

8 Beds
8 Baths
-- Sq Ft
0.34 Acres

Recently Sold

1% Above List Price

1 Day on Market

About This Home

As of March 2025

Turn-Key 4-Unit Multi-Family Property - Ideal Investment Opportunity! Discover this well-maintained, income-generating 4-unit multi-family property, built in 2002 and ready for its next owner. Each of the four units comes with its own single-car attached garage, private patio or balcony, and dedicated laundry room, offering ultimate convenience and added value for tenants. The property features three spacious 2-bedroom, 1.5-bathroom units, and one generous 2-bedroom, 2-full-bathroom unit, all designed for modern living and comfort. This turn-key gem requires no updates. With strong curb appeal and a solid construction history, this property is perfect for investors or those seeking a multi-generational living setup. Don't miss out-book your showing today and see the potential for yourself!

Last Agent to Sell the Property

Dustin Kooy

Village Realty Inc License #475191164 Listed on: 03/05/2025

Village Realty Inc

Last Buyer's Agent

Norman Gaskin

Berkshire Hathaway HomeServices Speckman Realty License #475189326

Berkshire Hathaway HomeServices Speckman Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,104

Year Built

  • Built in 2002

Parking

  • 4 Car Attached Garage

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms

Basement

  • Sump Pump
  • Crawl Space

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Lot Dimensions are 100 x 150

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,104

Year Built

Built in 2002

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2002
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • 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: 8
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable, Sump Pump
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 100 X 150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 12104.5
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Mar 26, 2025
Sold by
Morgan Benjamin M and Morgan Jaclyn M
Bought by
Mannepalli Vijaya
Seller's Agent
Dustin Kooy
Village Realty Inc
Buyer's Agent
Norman Gaskin
Berkshire Hathaway HomeServices Speckman Realty
List Price
$499,999
Sold Price
$505,000
Premium/Discount to List
$5,001
1%
Views
1
Current Estimated Value
$494,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,669
Avg. Annual Appreciation
-2.60%
Original Mortgage
$378,750
Outstanding Balance
$377,396
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$116,935

Purchase Details

Closed on
Feb 5, 2007
Sold by
Lillis Thad A and Lillis Lisa J
Bought by
Morgan Jaclyn M and Morgan Benjamin M
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $505,000 Old Republic Title
Grant Deed $400,000 Standard Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,750 New Conventional
Closed $320,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2025 03/27/25 Sold $505,000 +1.0% --
03/06/2025 03/06/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $499,999 -- --
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 $12,591 $144,554 $21,123 $123,431
2023 $12,105 $133,846 $19,558 $114,288
2022 $11,865 $125,800 $18,851 $106,949
2021 $11,702 $123,032 $18,436 $104,596
2020 $11,177 $119,740 $17,943 $101,797
2019 $11,388 $116,252 $17,420 $98,832
2018 $11,200 $114,534 $17,163 $97,371
2017 $11,190 $111,740 $16,744 $94,996
2016 $10,965 $110,089 $16,497 $93,592
2015 $10,900 $108,999 $16,334 $92,665
2014 $10,611 $108,999 $16,334 $92,665
2013 -- $108,999 $16,334 $92,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12303281

Midwest Real Estate Data (MRED)

APN: 17-09-16-406-012