NOT LISTED FOR SALE

1700 NE Jefferson Ave Peoria, IL 61603

Downtown Peoria Neighborhood

Estimated Value: $40,000 - $67,000

3 Beds
2 Baths
1,565 Sq Ft
$35/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $32,000 $20 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $403/month

33 Days on Market

About This Home

As of November 2020

Great income generating property at a price point for new investors. Duplex with one upper and one main floor unit. Detached garage. Corner lot registered with the city of Peoria. Rental is turn key with large rooms and high ceilings. Income producing from day one.

Last Agent to Sell the Property

Amber Neal

Jim Maloof Realty, Inc. License #475178998 Listed on: 09/09/2020

Jim Maloof Realty, Inc.

Last Buyer's Agent

Christine Schauble

eXp Realty License #471010122

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,731

Year Built

  • Built in 1904

Lot Details

  • 4,835

Schools

  • Central High School

Additional Features

  • Block Basement Construction
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,731

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Other Style
  • Legal Description: BIRKET'S 2ND ADD NE 1/4 SEC 3-8-8E BEG MOST WLY COR LOT 6 BLK 131:TH NE 48' SE 100' SW48' NW100' TO
  • Lvt Date: 09/10/2020
  • Year Built: 1904
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Block
  • Price Per Sq Ft: 20.45
  • Total Sq Ft: 1565

Exterior Features

  • Exterior: Cement
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, Tandem
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Hot Water, No Cooling, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 1500
  • Gas Expense: 3000
  • Water Sewer Expenses: 240

Schools

  • High School: Central
  • High School: Central

Lot Info

  • Estimated Lot Size: 55X177
  • Lot Description: Corner
  • Zoning: Improved residential
  • Subdivision: Birket
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 12684
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 1731.34
  • Parcel Id Number Tax Id: 18-03-261-001
  • Tax Year: 2018

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 12684
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Nov 12, 2020
Sold by
Greg Lane
Bought by
Koinonia Peoria Llc
Seller's Agent
Amber Neal
Jim Maloof Realty, Inc.
Buyer's Agent
Christine Schauble
eXp Realty
List Price
$51,000
Sold Price
$32,000
Premium/Discount to List
-$19,000
-37.25%
Current Estimated Value
$54,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,236
Avg. Annual Appreciation
14.52%
Original Mortgage
$25,600
Outstanding Balance
$22,987
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$38,282

Purchase Details

Closed on
Aug 8, 2020
Sold by
Lane Virginia R
Bought by
Lane Greg
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
Koinonia Peoria Llc $32,000 Heyl Royster Voelker & Allen
Lane Greg -- Law Office Of Troy I Roberts P
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koinonia Peoria Llc $25,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $32,000 -37.3% $20 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $51,000 -- $33 / 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 $1,285 $14,210 $1,160 $13,050
2023 $1,226 $13,030 $1,060 $11,970
2022 $1,235 $12,800 $1,020 $11,780
2021 $1,212 $12,190 $970 $11,220
2020 $1,209 $12,070 $960 $11,110
2019 $1,227 $12,320 $980 $11,340
2018 $1,222 $12,550 $1,100 $11,450
2017 -- $12,680 $1,110 $11,570
2016 -- $12,680 $1,110 $11,570
2015 -- $12,430 $1,090 $11,340
2014 -- $14,330 $1,240 $13,090
2013 $228 $14,500 $1,250 $13,250
Source: Public Records

Agents Affiliated with this Home

  • Amber Neal

    Seller's Agent in 2020

    Amber Neal

    Jim Maloof Realty, Inc.

    (309) 696-9310

    6 in this area

    152 Total Sales

    Amber Neal
    Section Image
  • Christine Schauble

    Buyer's Agent in 2020

    Christine Schauble

    eXp Realty

    (309) 208-9900

    36 in this area

    1,308 Total Sales

    Christine Schauble
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1218669

RMLS Alliance

APN: 18-03-261-001

Illinois Peoria County Peoria 61603 Downtown Peoria

1700 NE Jefferson Ave, Peoria, IL

This home is located at 1700 NE Jefferson Ave, Peoria, IL 61603 since 09 September 2020 and is currently estimated at $54,236, approximately $34 per square foot. This property was built in 1904. 1700 NE Jefferson Ave is a home located in Peoria County with nearby schools including Lincoln School and Manual 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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