NOT LISTED FOR SALE

Estimated Value: $833,000

22 Beds
13 Baths
-- Sq Ft
0.42 Acres

Last Sold February 20, 2024

Last sale price $800,000

Est. 4% increase in value since last sale

Current estimated payment $5,710/month

63 Days on Market

About This Home

As of February 2024

Great investment opportunity! 11 unit building & adjacent 2 family building totaling 13 units.7 two bedroom & 4 one bedroom units located at the desired State House. Remodeled units, coin operated laundry; wall AC units; storage area with Boiler heat, water & garbage included in rent. Separate electric. . Duplex next door (1613 E State St) with 2 bedrooms each; 2276sq ft; New Roof and renovated! Detached garages with openers behind both buildings. 14 total garage spaces. Shared parking area. 10 units rented and Rents range from $600-780. I vacant for showings. Can be combined in a package with 4812 Javelin

Last Agent to Sell the Property

Carlos Serna

Century 21 Affiliated - Rockford License #475161572 Listed on: 10/25/2023

Century 21 Affiliated - Rockford

Last Buyer's Agent

Bob Wisdom

RE/MAX Horizon License #475122882

RE/MAX Horizon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,768

Year Built

  • Built in 1964

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 100x100x182x182
  • Additional Parcels

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 13 Bathrooms

Utilities

  • Radiator
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $1,225
  • Insurance Expense $2,920
  • Maintenance Expense $39,909
  • Trash Expense $1,371
  • Water Sewer Expense $6,366
  • Operating Expense $78,773
  • Gross Income $77,591
  • Net Operating Income $54,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,768

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 22
  • Room: 0

Utilities

  • Heat/Ventilation: Hot Water,Radiators

Fee Information

  • Trash Expense: 1371
  • Water Sewer Expenses: 6366

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.42
  • Lot Dimensions: 100X100X182X182

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5

Multi Family

  • Net Operating Income: 54834
  • Insurance Expense: 2920
  • ElectricExpense: 1225
  • GrossIncome: 77591
  • Maintenance Expense: 39909
  • NumberOfUnitsTotal: 13
  • OperatingExpense: 78773
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13768
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Feb 23, 2024
Sold by
Freedom Properties Sgd Llc
Bought by
Mopo Llc Multi 2 Series
Seller's Agent
Carlos Serna
Century 21 Affiliated - Rockford
Buyer's Agent
Bob Wisdom
RE/MAX Horizon
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
163
Current Estimated Value
$833,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,000
Original Mortgage
$640,000
Outstanding Balance
$623,082
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 25, 2017
Closed on
Jan 17, 2019
Sold by
Trust No 129143
Bought by
Freedom Properties Sgd Llc
Seller's Agent
Jan Mansfield
Century 21 Affiliated
Buyer's Agent
Jesse Dabson
Key Realty
List Price
$425,000
Sold Price
$720,000
Premium/Discount to List
$295,000
69.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$520,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2002
Bought by
Lasalle Bank National Assoc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mopo Llc Multi 2 Series $800,000 None Listed On Document
Freedom Properties Sgd Llc $350,000 Metropolitan Title Agency Inc
Freedom Properties Sgd Llc $350,000 Chicago Title
Lasalle Bank National Assoc $422,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mopo Llc Multi 2 Series $640,000
Previous Owner Freedom Properties Sgd Llc $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2024 02/20/24 Sold $800,000 -5.9% --
12/29/2023 12/29/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $850,000 +18.1% --
01/23/2019 01/23/19 Sold $720,000 0.0% $76 / Sq Ft View Prior Sale
01/23/2019 01/23/19 Sold $720,000 +69.4% -- View Prior Sale
11/12/2018 11/12/18 For Sale $425,000 -41.0% --
10/25/2018 10/25/18 Off Market $720,000 -- --
01/31/2018 01/31/18 Price Changed $425,000 -5.5% --
10/25/2017 10/25/17 For Sale $449,900 -10.0% --
10/18/2016 10/18/16 For Sale $499,900 -- $53 / Sq Ft
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 $15,939 $168,195 $5,046 $163,149
2023 $13,999 $134,824 $4,449 $130,375
2022 $13,768 $120,508 $3,977 $116,531
2021 $13,543 $110,497 $3,647 $106,850
2020 $13,432 $104,460 $3,448 $101,012
2019 $13,338 $99,561 $3,286 $96,275
2018 $13,434 $93,829 $3,097 $90,732
2017 $13,323 $89,797 $2,964 $86,833
2016 $13,310 $88,114 $2,908 $85,206
2015 $13,478 $88,114 $2,908 $85,206
2014 $13,109 $88,125 $2,910 $85,215
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11917739

Midwest Real Estate Data (MRED)

APN: 11-25-128-003