NOT LISTED FOR SALE

1704 Us Highway 67 Preemption, IL 61276

Estimated Value: $264,771

8 Beds
2 Baths
8,760 Sq Ft
$30/Sq Ft Est. Value

Last Sold July 30, 2015

Last sale price $145,000 $17 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,675/month

141 Days on Market

About This Home

As of July 2015

Unique multi-use property. 4-1000 sq ft apartments up with 1800 mo. income at current low rents. 4380 sq ft shop with office and bath. Use the shop yourself for free or rent for additional 7800 pr yr. New windows and front siding. Low maintenance baseboard electrical heat in apartments. Apartments are all electric. The apartments are NEVER vacant and rent by sign. Waiting list. Shop has 4 overhead doors. A 14 ft a 10 ft and 2-9's. 16 ft ceilings in shop. This property will pay for itself with no money down in 7 years. Tremendous investment for user or investor. Owner is licensed broker.

Last Agent to Sell the Property

Joe Knox

Joe Knox Company License #471.004485 Listed on: 02/05/2015

Last Buyer's Agent

Joe Knox

Joe Knox Company License #471.004485 Listed on: 02/05/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,556

Year Built

  • Built in 1979

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 200 x 150

Home Design

  • 8,760 Sq Ft Home
  • Aluminum Siding
  • Vinyl Siding

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $900
  • Maintenance Expense $1,000
  • Trash Expense $360
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,556

Year Built

Built in 1979

Lot Details

0.69 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1979
  • Legal Description: lengthy
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Frontage Type: Paved

Utilities

  • Cooling: Zoned
  • Electric: Separate Meters
  • Heat/Ventilation: Baseboard,Electric,Forced Air,Gas

Fee Information

  • Trash Expense: 360

Lot Info

  • Lot Size Acres: 0.69
  • Lot Dimensions: 200 x 150
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: All Utilities
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 8760

Multi Family

  • ElectricExpense: 900
  • GrossIncome: 30600
  • Maintenance Expense: 1000
  • NumberOfUnitsTotal: 5

Tax Info

  • Tax Annual Amount: 2556.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2015
Closed on
Jul 31, 2015
Bought by
Lundquist Mitchell A and Berryhill Patrick A
Seller's Agent
Joe Knox
Joe Knox Company
Buyer's Agent
Joe Knox
Joe Knox Company
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Current Estimated Value
$264,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,771
Avg. Annual Appreciation
5.84%
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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Purchase History

Date Buyer Sale Price Title Company
Lundquist Mitchell A $145,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2015 07/30/15 Sold $145,000 -3.3% $17 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $150,000 -- $17 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,775 $50,735 $6,270 $44,465
2023 $3,775 $46,170 $5,705 $40,465
2022 $3,256 $45,590 $5,635 $39,955
2021 $3,170 $41,760 $5,160 $36,600
2020 $2,866 $36,265 $1,240 $35,025
2019 $2,831 $35,380 $1,210 $34,170
2018 $2,800 $36,635 $1,255 $35,380
2017 $2,792 $34,365 $1,175 $33,190
2016 $2,675 $32,355 $1,105 $31,250
2015 $2,644 $32,175 $1,100 $31,075
2014 $2,584 $31,480 $1,075 $30,405
2013 $2,556 $31,480 $1,075 $30,405
2010 $2,609 $32,575 $1,115 $31,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4158214

Midwest Real Estate Data (MRED)

APN: 05-05-02-300-007

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