$145,000
SOLD AUG 29, 2022

1612 W University Ave Champaign, IL 61821

3 Beds
2 Baths
980 Sq Ft
7,362 Sq Ft Lot

Recently Sold

$148 Per Sq Ft

27% Below List Price

32 Days on Market

About This Home

As of August 2022

Looking to expand your investment portfolio? Add this cute two-unit property! Unit #1 is on the main floor w/ 2 bedrooms, 1 full bath, a living room, and a full kitchen. Unit #2 is on the 2nd floor w/ 1 bedroom, 1 full bath, a living room, and a full kitchen. The full unfinished basement hosts the shared laundry area. Just blocks away from Eisner Park.

Last Agent to Sell the Property

Nick Taylor

Taylor Realty Associates License #471001633 Listed on: 06/14/2022

Co-Listed By

Craig Buchanan

RE/MAX REALTY ASSOCIATES-CHA License #475128118

Last Buyer's Agent

Joe Nakagawa

BHHS Central Illinois, REALTORS License #475200934

BHHS Central Illinois, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,828

Year Built

  • Built in 1960

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x55

Community Details

  • 2 Units
  • Albert L. Klank Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,828

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Albert L. Klank
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 55 KLANK'S, ALBERT L., 1ST SUB
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 149900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Sep Heating Systems - 2+
  • Water Source: Public

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351
  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: 50X55
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 4828.08
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Aug 29, 2022
Sold by
Joan S Gary Revocable Trust
Bought by
Frith Sebastian and Borkiewicz Kalina
Seller's Agent
Nick Taylor
Taylor Realty Associates
Buyer's Agent
Joe Nakagawa
BHHS Central Illinois, REALTORS
List Price
$199,900
Sold Price
$145,000
Premium/Discount to List
-$54,900
-27.46%
Current Estimated Value
$205,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,569
Avg. Annual Appreciation
11.42%
Original Mortgage
$108,750
Outstanding Balance
$95,808
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$102,599

Purchase Details

Closed on
Mar 29, 2019
Sold by
Gary Joan S
Bought by
Gary Joan S and Joan S Gary Revocable Trust
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 Type Sale Price Title Company
Deed $145,000 --
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $108,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Rented $1,099 -4.4% --
09/28/2023 09/28/23 For Rent $1,150 0.0% --
08/29/2022 08/29/22 Sold $145,000 -3.3% $148 / Sq Ft
07/17/2022 07/17/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $149,900 -6.3% $153 / Sq Ft
07/07/2022 07/07/22 Price Changed $159,900 -5.9% $163 / Sq Ft
06/28/2022 06/28/22 Price Changed $169,900 -5.6% $173 / Sq Ft
06/28/2022 06/28/22 Price Changed $179,900 -10.0% $184 / Sq Ft
06/14/2022 06/14/22 For Sale $199,900 -- $204 / 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 $5,258 $64,020 $10,330 $53,690
2023 $5,258 $58,310 $9,410 $48,900
2022 $4,946 $53,790 $8,680 $45,110
2021 $4,828 $52,740 $8,510 $44,230
2020 $4,649 $50,710 $8,180 $42,530
2019 $4,500 $49,670 $8,010 $41,660
2018 $4,398 $48,880 $7,880 $41,000
2017 $4,255 $47,090 $7,590 $39,500
2016 $3,815 $46,120 $7,430 $38,690
2015 $3,845 $45,310 $7,300 $38,010
2014 $3,812 $45,310 $7,300 $38,010
2013 $3,777 $45,310 $7,300 $38,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11422622

Midwest Real Estate Data (MRED)

APN: 41-20-11-310-020