NOT LISTED FOR SALE

196 W Second St Manteno, IL 60950

12 Beds
12 Baths
-- Sq Ft
1978 Built

Last Sold October 28, 2022

Last sale price $509,000

5 Days on Market

Highlights

  • Heating Available
  • Manteno Middle School Rated 9+
  • 1-minute walk to Manteno Memorial Park

About This Home

As of October 2022

Solid, all brick building for sale in highly desired and beautiful Manteno Illinois. This 6 unit building is located just one block away form an amazing, newly renovated downtown park. Centrally located in Manteno, close to schools, stores, shops, parks, gas stations and interstate 57. Just 50 min to down town Chicago. Building is being sold as is, most units have been updated with new flooring, carpet, and new wall unit air conditioning units. This building is all electric (individually metered), private parking and a location for coin operated washer and dryer. Great investment property with a ton of potential and plenty of room to maximize income. This solid building is in a prime location.

Last Agent to Sell the Property

Stephen Styck

Styken Real Estate and Property Management License #471021538 Listed on: 10/01/2022

Last Buyer's Agent

Gina LaMore

LaMore Realty License #471019428

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,653

Year Built

  • Built in 1978

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 90x90
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $2,400
  • Insurance Expense $2,500
  • Maintenance Expense $7,800
  • Other Expense $4,500
  • Trash Expense $400
  • Water Sewer Expense $2,400
  • Operating Expense $26,000
  • Gross Income $79,420
  • Net Operating Income $52,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,653

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Fireplaces: 1
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Electric

Fee Information

  • Trash Expense: 400
  • Water Sewer Expenses: 2400

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90X90
  • Zoning: MULTI
  • Alternate Phone Number: (815) 351-4022

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 21

Multi Family

  • Net Operating Income: 52000
  • Insurance Expense: 2500
  • ElectricExpense: 2400
  • GrossIncome: 79420
  • Maintenance Expense: 7800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 26000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 9653.24
  • Tax Year: 2021
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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
10/28/2022 10/28/22 Sold $509,000 +6.3% --
10/08/2022 10/08/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $479,000 -- --
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 $8,566 $91,918 $9,006 $82,912
2023 $9,121 $91,918 $9,006 $82,912
2022 $9,515 $91,918 $9,006 $82,912
2021 $9,653 $91,918 $9,006 $82,912
2020 $9,945 $91,918 $9,006 $82,912
2019 $10,013 $91,918 $9,006 $82,912
2018 $9,811 $91,918 $9,006 $82,912
2017 $9,746 $91,918 $9,006 $82,912
2016 $9,369 $91,918 $9,006 $82,912
2015 $8,980 $89,503 $9,006 $80,497
2014 $8,596 $89,503 $9,006 $80,497
2013 -- $89,503 $9,006 $80,497
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11643309

Midwest Real Estate Data (MRED)