NOT LISTED FOR SALE

167 E Main St Braidwood, IL 60408

Estimated Value: $399,000 - $442,000

33 Beds
19 Baths
6,120 Sq Ft
$69/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $350,000 $57 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,873/month

188 Days on Market

About This Home

As of June 2023

Property Id: 1509719

Welcome to your new home at 167 E Main St !
This beautiful 1-bedroom, 1-bath unit is the gem of Braidwood, featuring a fully-updated kitchen with new appliances, countertop, gorgeous laminate flooring, and bath.

This property is close to many local restaurants, shops, bars.

In-building amenities include laundry facilities, common area patio, and parking space with additional parking available for guests.
Renter responsible for electricity, water and heat.

Call to schedule a tour today!

Applicant Requirements: Background Check, Credit Check (min. 630), Pay Stubs (two recent), Photo ID, Renter's Insurance, 3 References.
12-month lease. One month's rent due at signing (security deposit). No smoking; No pets.

Last Agent to Sell the Property

Christopher Shell

Pro Real Estate License #475131739 Listed on: 08/25/2022

Last Buyer's Agent

Jake McVey

Charles Rutenberg Realty of IL License #475187676

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,832

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 88x198x66x80x100
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,120 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 19 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $1,500
  • Trash Expense $756
  • Water Sewer Expense $480
  • Operating Expense $9,928
  • Gross Income $54,180
  • Net Operating Income $44,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,832

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 19
  • Total Bedrooms: 33
  • Refrigerators: 5
  • Ranges: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Other

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Electric,Forced Air,Gas,Baseboard

Fee Information

  • Trash Expense: 756
  • Water Sewer Expenses: 480

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 88X198X66X80X100
  • Lot Size Sq Ft: 15664
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 17

Building Info

  • BuildingAreaTotal: 6120

Multi Family

  • Net Operating Income: 44252
  • Insurance Expense: 1500
  • ElectricExpense: 360
  • GrossIncome: 54180
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 9928
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6832
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Apr 24, 2023
Sold by
Barnes Rentals Inc
Bought by
Ridgeline Properties Llc
Seller's Agent
Christopher Shell
Pro Real Estate
Buyer's Agent
Jake McVey
Charles Rutenberg Realty of IL
List Price
$359,900
Sold Price
$350,000
Premium/Discount to List
-$9,900
-2.75%
Views
164
Current Estimated Value
$420,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,500
Avg. Annual Appreciation
7.40%
Original Mortgage
$262,500
Outstanding Balance
$254,975
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$165,525

Purchase Details

Closed on
Sep 3, 2009
Sold by
Barnes Coy L and Barnes Sandra J
Bought by
Barnes Rentals Inc

Purchase Details

Closed on
Apr 22, 2005
Sold by
Miller Patrick J and Miller Audrey F
Bought by
Barnes Coy L and Barnes Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 1999
Sold by
Mcguire Thomas
Bought by
Miller Patrick J and Miller Audrey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 24, 1997
Sold by
City Of Braidwood
Bought by
Mcguire Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
8.5%

Purchase Details

Closed on
Feb 16, 1996
Sold by
Toscano Juan R and Toscano Maria
Bought by
The City Of Braidwood
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ridgeline Properties Llc $350,000 Chicago Title
Barnes Rentals Inc -- None Available
Barnes Coy L $280,000 Chicago Title Insurance Co
Miller Patrick J $197,000 --
Mcguire Thomas -- --
The City Of Braidwood -- --
The City Of Braidwood -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ridgeline Properties Llc $262,500
Previous Owner Barnes Coy L $224,000
Previous Owner Miller Patrick J $190,000
Previous Owner Mcguire Thomas $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 For Rent $950 0.0% --
06/01/2023 06/01/23 Sold $350,000 -2.8% $57 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
08/25/2022 08/25/22 For Sale $359,900 -- $59 / 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 $8,042 $120,571 $18,254 $102,317
2023 $8,042 $107,990 $16,349 $91,641
2022 $6,732 $97,995 $14,836 $83,159
2021 $6,540 $93,534 $14,161 $79,373
2020 $6,236 $88,615 $13,416 $75,199
2019 $5,911 $83,678 $12,669 $71,009
2018 $5,705 $80,074 $12,123 $67,951
2017 $5,608 $78,504 $11,885 $66,619
2016 $5,479 $75,922 $11,494 $64,428
2015 $5,296 $73,962 $11,197 $62,765
2014 $5,296 $73,962 $11,197 $62,765
2013 $5,296 $79,103 $11,975 $67,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11613297

Midwest Real Estate Data (MRED)

APN: 02-24-08-406-019