NOT LISTED FOR SALE

1700 Highwood Ave Pekin, IL 61554

South of Broadway Neighborhood

Estimated Value: $247,000 - $286,000

8 Beds
4 Baths
3,792 Sq Ft
$70/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $169,500 $45 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,051/month

194 Days on Market

About This Home

As of April 2021

INVESTORS PRIME OPPORTUNITY! NEW ROOF BEING INSTALLED FALL 2020 !! SUNSET HILLS ALL BRICK SPACIOUS 4 UNIT APARTMENT BUILDING WITH WHITE PILLARS AND SERIOUS CURB APPEAL!! DETACHED GARAGES AND PLENTY OF PARKING SPACE FOR TENANTS! EXCELLENT RENTAL HISTORY WITH LITTLE VACANCY! STORAGE SPACE AVAILABLE TOO. SPACIOUS BEAMED LIVING ROOMS WITH DECORATIVE ONLY FIREPLACES. ALL UNITS HAVE PRIVATE LAUNDRY HOOKUPS TOO! APT 2 COMPLETE REMODEL INCLUDING FLOORING, KITCHEN, PAINT, WINDOWS LIV RM, PLUS MORE. APT 4 HAS ALL NEW HVAC. APT 3 NEW FURNACE 2017. GREAT INVESTMENT PROPERTY

Last Agent to Sell the Property

Jennifer Bradshaw

The Real Estate Group Inc. License #475127218 Listed on: 08/22/2020

The Real Estate Group Inc.

Last Buyer's Agent

Ryan Tucker

Keller Williams Revolution License #471020458

Keller Williams Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,761

Year Built

  • Built in 1963

Lot Details

  • 10,803

Home Design

  • Quadruplex
  • Slab Foundation

Schools

  • Pekin Community High School

Additional Features

  • Storage
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,761

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: SEC 12 T24N RSW SUNSET HILLS EXT 8 LOT 181 NE 1/4
  • Lvt Date: 08/22/2020
  • Year Built: 1963
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Additional Storage, Cable Tv Available
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Basement: Slab
  • Price Per Sq Ft: 44.7
  • Total Sq Ft: 3792

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Assigned, Detached, Guest Parking, On-Street Parking, Parking Slab
  • Number Parking Spaces: 8

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1500
  • Laundry Facilities: Units Hook-Ups

Schools

  • High School: Pekin Community

Lot Info

  • Estimated Lot Size: 85 X 126
  • Lot Description: Corner, Level
  • Subdivision: Sunset Hills
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 31200
  • Lease Information: 1 Year
  • Management Expense: 3120

Tax Info

  • Annual Taxes: 6761.32
  • Parcel Id Number Tax Id: 10 10 12 217 001
  • Tax Year: 2019

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 31200
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2020
Closed on
Apr 10, 2021
Sold by
Ladage Todd A and Ladage Darla R
Bought by
S & G Property Group Llc
Seller's Agent
Jennifer Bradshaw
The Real Estate Group Inc.
Buyer's Agent
Ryan Tucker
Keller Williams Revolution
List Price
$215,900
Sold Price
$169,500
Premium/Discount to List
-$46,400
-21.49%
Current Estimated Value
$264,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,441
Avg. Annual Appreciation
10.20%
Original Mortgage
$169,500
Outstanding Balance
$21,108
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$243,833
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
S & G Property Group Llc $169,500 Attorneys Ttl Guaranty Fund
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S & G Property Group Llc $169,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2021 04/12/21 Sold $169,500 -13.7% $45 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
11/23/2020 11/23/20 Price Changed $196,400 -0.3% $52 / Sq Ft
11/12/2020 11/12/20 Price Changed $196,900 -4.0% $52 / Sq Ft
10/10/2020 10/10/20 Price Changed $205,000 -5.0% $54 / Sq Ft
08/22/2020 08/22/20 For Sale $215,900 -- $57 / 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 $7,844 $90,080 $15,100 $74,980
2023 $7,844 $83,890 $14,060 $69,830
2022 $7,196 $76,260 $12,780 $63,480
2021 $6,922 $73,330 $12,290 $61,040
2020 $6,861 $73,330 $12,290 $61,040
2019 $6,761 $73,330 $12,290 $61,040
2018 $6,592 $73,330 $12,290 $61,040
2017 $6,422 $72,610 $12,170 $60,440
2016 $6,294 $72,610 $12,170 $60,440
2015 $6,118 $0 $0 $0
2013 $6,001 $71,890 $12,050 $59,840
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bradshaw

    Seller's Agent in 2021

    Jennifer Bradshaw

    The Real Estate Group Inc.

    (309) 303-4663

    189 in this area

    714 Total Sales

    Jennifer Bradshaw
    Section Image
  • Ryan Tucker

    Buyer's Agent in 2021

    Ryan Tucker

    Keller Williams Revolution

    (309) 750-4090

    24 in this area

    618 Total Sales

    Ryan Tucker
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1218124

RMLS Alliance

APN: 10-10-12-217-001

Illinois Tazewell County Pekin 61554 South of Broadway

1700 Highwood Ave, Pekin, IL

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