NOT LISTED FOR SALE

1901 Tracy Dr Bloomington, IL 61704

Estimated Value: $577,186

23 Beds
12 Baths
13,431 Sq Ft
$43/Sq Ft Est. Value

Sale Details

Date Sold: August 19, 2024

Last sale price $575,000 $43 Per Sq Ft

Current estimated payment $4,408 / mo

21 Days on Market

About This Home

As of August 2024

OMG the potential here!!!!! All units have 2 bedrooms, 1 bath Living room dinning room & kitchen. There is a possibility for washer & dryer in the units or there is room in the basement for coin operated laundry. There is 1 new hot water tank for the building. Tenants pay heat, & AC. Landlord pays for water, garbage, landscaping, snow & gas for hot water.

Last Agent to Sell the Property

Laura Catrambone-Gerace

Coldwell Banker Stratford Place License #471019032 Listed on: 05/13/2024

Coldwell Banker Stratford Place

Last Buyer's Agent

Kristy Allred

Coldwell Banker Real Estate Group License #475160384

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,693

Year Built

  • Built in 1985

Lot Details

  • 0.92

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 12 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50x100
  • Heating Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $3,360
  • Fuel Expense $1,800
  • Insurance Expense $3,375
  • Manager Expense $7,110
  • Other Expense $1,500
  • Trash Expense $2,300
  • Water Sewer Expense $4,800
  • Operating Expense $19,535
  • Gross Income $7,110
  • Net Operating Income $50,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,693

Year Built

Built in 1985

Lot Details

0.92 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1985
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 23
  • Room: 0

Utilities

  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Manager Expense: 7110

Fee Information

  • Trash Expense: 2300
  • Water Sewer Expenses: 4800
  • Operating Expense Includes: Accounting

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X100
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 50092
  • Fuel Expense: 1800
  • Insurance Expense: 3375
  • ElectricExpense: 3360
  • GrossIncome: 7110
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 19535
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15693
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Aug 9, 2024
Sold by
Bought by
Seller's Agent
Laura Catrambone-Gerace
Coldwell Banker Stratford Place
Buyer's Agent
Kristy Allred
Coldwell Banker Real Estate Group
List Price
$599,900
Sold Price
$575,000
Premium/Discount to List
-$24,900
-4.15%
Views
16
Current Estimated Value
$577,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,186
Avg. Annual Appreciation
0.21%
Original Mortgage
$920,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2018
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 Carrington Title Partners
-- Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $920,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2024 08/19/24 Sold $575,000 0.0% $43 / Sq Ft
08/19/2024 08/19/24 Sold $575,000 -4.2% $43 / Sq Ft View Prior Sale
06/04/2024 06/04/24 Pending -- -- --
06/04/2024 06/04/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $599,900 0.0% $45 / Sq Ft
05/06/2024 05/06/24 For Sale $599,900 -- $45 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,477 $201,878 $43,794 $158,084
2024 $15,494 $191,666 $41,579 $150,087
2022 $15,494 $175,352 $31,366 $143,986
2021 $14,840 $165,979 $29,689 $136,290
2020 $14,859 $165,979 $29,689 $136,290
2019 $14,377 $165,979 $29,689 $136,290
2018 $14,081 $162,725 $29,107 $133,618
2017 $13,509 $162,725 $29,107 $133,618
2016 $13,472 $162,725 $29,107 $133,618
2015 $12,832 $154,976 $27,721 $127,255
2014 -- $154,976 $27,721 $127,255
2013 -- $154,976 $27,721 $127,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12054857

Midwest Real Estate Data (MRED)

APN: 21-16-133-013

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