NOT LISTED FOR SALE

1827 4th Ave Sterling, IL 61081

8 Beds
8 Baths
4,480 Sq Ft
1972 Built

Last Sold May 28, 2021

Last sale price $240,000 $54 Per Sq Ft

5 Days on Market

About This Home

As of May 2021

Quiet complex in a great location with many long term tenants. Very well maintained. Units are smoke free and pet free and have been updated. All electric, so there are no furnaces to maintain or replace. Tenants pay electric, water and sewer. Roof approximately 10 years old, newer windows. Must be sold with 1831 4th Ave

Last Agent to Sell the Property

Frank Murphy

RE/MAX Sauk Valley License #475138591 Listed on: 04/30/2021

RE/MAX Sauk Valley

Last Buyer's Agent

Tim McCaslin

RE/MAX Sauk Valley License #471002068

RE/MAX Sauk Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,757

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 51x205

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Block Foundation
  • Wood Frame Construction
  • Membrane Roofing

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $1,954
  • Maintenance Expense $3,280
  • Other Expense $850
  • Trash Expense $1,440
  • Operating Expense $4,789
  • Gross Income $3,274
  • Net Operating Income $27,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,757

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Block
  • Frontage Type: City Street
  • Roof: Membrane
  • Exterior Building Type: Vinyl Siding,Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Electric,Baseboard
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1440

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 51X205
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 19

Building Info

  • BuildingAreaTotal: 4480

Multi Family

  • Net Operating Income: 27742
  • Insurance Expense: 1954
  • GrossIncome: 3274
  • Maintenance Expense: 3280
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 4789
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 6757
  • Tax Year: 2019

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $240,000 -6.4% $54 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $256,500 -- $57 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11071502

Midwest Real Estate Data (MRED)