NOT LISTED FOR SALE

157 N Chambers St Galesburg, IL 61401

Estimated Value: $51,000 - $152,000

-- Bed
-- Bath
2,712 Sq Ft
$37/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $68,000 $25 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $744/month

4 Days on Market

Highlights

  • 4 Car Detached Garage
  • Forced Air Heating System
  • Level Lot
  • Multiple cooling system units

About This Home

As of July 2023

Great Investment with this income producing building offering 3 units (2 up / 1 down) with separate furnaces, and electric for each unit. Washing machine and clothes dryer hookup in basement plus off street parking for tenants. 1-1.5/2 Car garage and 1-Car garage detached. 3- Furnaces, 3-Water heaters, 3 electric meters and 3 gas meters. Situated on 1.5 lots located close to downtown district and Knox College. Home being sold as-is.

Last Agent to Sell the Property

Thomas Knapp

RE/MAX Preferred Properties License #471003323 Listed on: 06/17/2023

Last Buyer's Agent

Mark Cratty

CENTURY 21 Tucker Swanson License #475180811

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,053

Year Built

  • Built in 1896

Lot Details

  • Lot Dimensions are 66x165x66x99x132x264
  • Level Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Brick Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,712 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Silas Willard Elementary School
  • Lombard Middle School
  • Galesburg High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Window Unit Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • M Chambers Subdivision
  • Trash Expense $735

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 9911353003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,053

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1896
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 25.07
  • Age55PlusDevelopment: No
  • Special Features: VirtualTour

Interior Features

  • Basement: Full

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached, Other
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Gas, Cooling Systems - 2+, Central Air, Electric Water Heater, Gas Water Heater, Window Unit(s)
  • Water Sewer Expenses: 735
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 3
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 1
  • NumberOfGasMeters: 3
  • NumberOfElectricMeters: 3
  • NumberofWaterMeters: 1
  • NumberOfRanges: 2
  • NumberofRefrigerators: 1
  • NumberOfDishwashers: 0

Fee Information

  • Trash Expense: 735
  • AdvertisingExpense: 0

Schools

  • Elementary School: Silas Willard
  • High School: Galesburg
  • Middle Or Junior School: Lombard

Lot Info

  • Zoning: B-3 Central Business
  • Lot Size: 66x165x66x99x132x264
  • Parcel #: 9911353003

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2052.78
  • TaxExemptions: Homestead/Owner Occupied

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 14100
  • Annual Operating Expense: 3070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Jul 21, 2023
Sold by
Ramage Robert A and Ramage Karen A
Bought by
Morningside Alliance Llc
Seller's Agent
Thomas Knapp
RE/MAX Preferred Properties
Buyer's Agent
Mark Cratty
CENTURY 21 Tucker Swanson
List Price
$70,000
Sold Price
$68,000
Premium/Discount to List
-$2,000
-2.86%
Views
114
Current Estimated Value
$99,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,064
Avg. Annual Appreciation
18.74%
Original Mortgage
$57,196
Outstanding Balance
$34,751
Interest Rate
6.75%
Mortgage Type
Construction
Estimated Equity
$64,313

Purchase Details

Closed on
Feb 19, 2005
Bought by
Ramage Robert A and Ramage Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,900
Interest Rate
5.25%
Mortgage Type
New Conventional
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
Morningside Alliance Llc $68,000 Attorney Only
Ramage Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morningside Alliance Llc $57,196
Previous Owner Ramage Robert A $19,900
Closed Ramage Robert A $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $68,000 -2.9% $25 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $70,000 -- $26 / 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 $2,587 $27,880 $2,900 $24,980
2023 $2,587 $27,000 $2,810 $24,190
2022 $2,053 $27,660 $2,810 $24,850
2021 $1,955 $26,090 $2,650 $23,440
2020 $1,987 $26,090 $2,650 $23,440
2019 $1,952 $25,580 $2,600 $22,980
2018 $1,944 $25,570 $2,520 $23,050
2017 $1,886 $24,830 $2,450 $22,380
2015 -- $24,460 $2,410 $22,050
2013 $1,719 $24,700 $2,430 $22,270
Source: Public Records

Agents Affiliated with this Home

  • Thomas Knapp

    Seller's Agent in 2023

    Thomas Knapp

    RE/MAX Preferred Properties

    (309) 335-4000

    400 in this area

    478 Total Sales

    Thomas Knapp
    Section Image
  • Mark Cratty

    Buyer's Agent in 2023

    Mark Cratty

    CENTURY 21 Tucker Swanson

    (309) 368-8786

    54 in this area

    64 Total Sales

    Mark Cratty
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1022916

RMLS Alliance

APN: 99-11-353-003

Illinois Knox County Galesburg 61401

157 N Chambers St, Galesburg, IL

This home is located at 157 N Chambers St, Galesburg, IL 61401 since 17 June 2023 and is currently estimated at $99,064, approximately $36 per square foot. This property was built in 1896. 157 N Chambers St is a home located in Knox County with nearby schools including Nielson Elementary School and Galesburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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