1942 County Road 3000 N Rantoul, IL 61866
Estimated payment $4,221/month
About This Home
This well-maintained, all-brick apartment complex consists of two buildings with durable rolled rubber roofs, offering a total of 16 units. This is a solid, income-producing property with a strong maintenance record and excellent rental appeal. The south building includes four two-bedroom apartments and two one-bedroom apartments, while the north building features ten one-bedroom units. Each apartment is equipped with electric heat, an electric water heater, and an electric cooking range-there is no gas service to the units. The property is serviced by its own well and septic systems, with new septic systems installed in 2017 and 2022, ensuring reliable infrastructure. All apartments include either window or wall-mounted air conditioning units, and the owner provides refrigerators, ranges, and A/C units. Tenants are responsible for all utilities, making this a low-maintenance investment for the owner. The complex also offers ample parking directly in front of the buildings, adding to tenant convenience. The owners are motivated to sell, presenting a great opportunity for investors seeking a dependable and well-cared-for asset. ________________________________________
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,825
Year Built
- Built in 1968
Lot Details
- 1.45 Acre Lot
- Lot Dimensions are 254 x 291 x 108 x 68 x 127 x 222
- Property fronts a state road
Home Design
- Mixed Use
- Brick Exterior Construction
- Membrane Roofing
- Concrete Perimeter Foundation
Interior Spaces
- 8,916 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
- Fire and Smoke Detector
Location
- Outside City Limits
Utilities
- Window Unit Cooling System
- Heating Available
- Well
- Septic Tank
Community Details
Overview
- 16 Units
Building Details
- Electric Expense $120
- Fuel Expense $1
- Insurance Expense $500
- Maintenance Expense $200
- Other Expense $51
- Trash Expense $430
- Water Sewer Expense $200
- Operating Expense $22,438
- Gross Income $88,200
- Net Operating Income $66,062
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,835 | $96,460 | $8,580 | $87,880 |
| 2023 | $6,835 | $90,490 | $8,050 | $82,440 |
| 2022 | $6,553 | $84,970 | $7,560 | $77,410 |
| 2021 | $6,505 | $81,620 | $7,260 | $74,360 |
| 2020 | $7,003 | $82,900 | $10,920 | $71,980 |
| 2019 | $6,881 | $80,480 | $10,600 | $69,880 |
| 2018 | $7,053 | $79,130 | $10,420 | $68,710 |
| 2017 | $7,072 | $75,360 | $9,920 | $65,440 |
| 2016 | $6,896 | $72,810 | $9,580 | $63,230 |
| 2015 | $6,710 | $70,210 | $9,240 | $60,970 |
| 2014 | $6,494 | $68,230 | $8,980 | $59,250 |
| 2013 | $6,441 | $68,230 | $8,980 | $59,250 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | For Sale | $695,000 | -- | $78 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $124,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12353416
APN: 11-04-32-300-020
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