NOT LISTED FOR SALE

1724 Henry St Champaign, IL 61821

Estimated Value: $460,000 - $461,768

8 Beds
8 Baths
4,816 Sq Ft
$96/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $410,000 $85 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,359/month

52 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Forced Air Heating System
  • Centennial High School Rated A-
  • Laundry Room

About This Home

As of September 2022

Two Story, Eight Unit, Multi-Family residential apartment building in great west Champaign area close to community amenities including bus service. All units are 1 Bedroom, 1 Bathroom. Units have Wall A/C , Forced Air Heat. Adjoining parking lot. Roof new in 2021.

Last Agent to Sell the Property

Debby Auble

WARD & ASSOCIATES License #471013006 Listed on: 06/04/2022

Last Buyer's Agent

timothy leyhe

SVN | North Star License #475201246

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,335

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 70 x 140
  • Property fronts an alley
  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use

Interior Spaces

  • 4,816 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat, varies by tenant

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $2,288
  • Insurance Expense $626
  • Other Expense $1,067
  • Trash Expense $746
  • Water Sewer Expense $2,270
  • Operating Expense $15,333
  • Gross Income $55,320
  • Net Operating Income $43,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,335

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 18 RIDGE PARK SUB
  • Information: 24-Hr Notice Required,Seller's Disclosure,Show-Call Listing Office
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Misc Inside: Inside Corridor/s,Laundry Room
  • Fireplaces: 2
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 8
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Frontage Type: City Street, Alley Access
  • List Price: 458000

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Forced Air

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 746
  • Water Sewer Expenses: 2270
  • Janitor Expense: 0
  • Operating Expense Includes: Trash,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 70 X 140
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Board Number: 22
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 4816
  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 43423
  • Insurance Expense: 626
  • ElectricExpense: 2288
  • GrossIncome: 55320
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 15333
  • Expense Year: 2021
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8335
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2022
Closed on
Sep 29, 2022
Sold by
Heath Properties Llc
Bought by
Leyhe Properties Llc
Seller's Agent
Debby Auble
WARD & ASSOCIATES
Buyer's Agent
timothy leyhe
SVN | North Star
List Price
$493,000
Sold Price
$410,000
Premium/Discount to List
-$83,000
-16.84%
Current Estimated Value
$460,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,884
Avg. Annual Appreciation
4.80%
Original Mortgage
$410,000
Outstanding Balance
$394,365
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$72,068

Purchase Details

Closed on
Dec 13, 2017
Sold by
Mnm3 Properties Llc 1724 Henry
Bought by
Heath Propertices Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2012
Sold by
Bari Albert L and Bari Michelle M
Bought by
Baribldgs Llc 1724 Henry

Purchase Details

Closed on
Feb 10, 2009
Sold by
Lubliner Irving
Bought by
Bari Albert L and Bari Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.09%
Mortgage Type
Commercial
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
Leyhe Properties Llc -- --
Heath Propertices Llc $305,000 None Available
Baribldgs Llc 1724 Henry -- None Available
Bari Albert L $340,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leyhe Properties Llc $410,000
Closed Leyhe Properties Llc $77,900
Previous Owner Heath Propertices Llc $244,000
Previous Owner Bari Albert L $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $410,000 -10.5% $85 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $458,000 -7.1% $95 / Sq Ft
06/20/2022 06/20/22 For Sale $493,000 -- $102 / 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 $9,624 $117,180 $15,340 $101,840
2023 $9,624 $106,720 $13,970 $92,750
2022 $9,053 $98,450 $12,890 $85,560
2021 $8,335 $91,050 $11,920 $79,130
2020 $8,348 $91,050 $11,920 $79,130
2019 $8,079 $89,170 $11,670 $77,500
2018 $7,898 $87,770 $11,490 $76,280
2017 $7,931 $87,770 $11,490 $76,280
2016 $7,110 $85,960 $11,250 $74,710
2015 $7,165 $84,440 $11,050 $73,390
2014 $7,104 $84,440 $11,050 $73,390
2013 $7,040 $84,440 $11,050 $73,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11432890

Midwest Real Estate Data (MRED)

APN: 43-20-14-151-018