NOT LISTED FOR SALE

2 E 7th St Sterling, IL 61081

Estimated Value: $49,000 - $52,000

-- Bed
-- Bath
1,245 Sq Ft
$40/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $50,000 $40 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $331/month

11 Days on Market

About This Home

As of October 2024

Investment Opportunity - 2-Unit Apartment Complex This 2-unit apartment building offers a solid investment with potential for steady rental income! Great Location! Both apartments are 1-bedroom units, with one located upstairs and one downstairs. The roof was replaced 3 years ago and composite stairs 2 years ago. The lower-level unit has a long-term tenant in place, while the upper unit is currently vacant and ready to be rented. Utilities are included with rent, offering convenience for tenants. This is a great chance for an investor to add a reliable property to their portfolio. The Seller is selling the property "AS IS"

Last Listed By

Cindy Brackemeyer

Coldwell Banker Howes & Jefferies REALTORS Brokerage Phone: 815-631-1982 License #475.189451/S68940000 Listed on: 09/20/2024

Coldwell Banker Howes & Jefferies REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,904

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 77.25x79.50x77.25x79.50
  • Corner Lot
  • Level Lot

Home Design

  • 1,245 Sq Ft Home
  • Shingle Roof
  • Aluminum Siding

Parking

  • 4 Parking Spaces
  • Parking Pad
  • On-Street Parking

Schools

  • Sterling High School

Utilities

  • Window Unit Heating System
  • Heating System Uses Gas

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 11-21-406-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,904

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1900
  • New Construction: No
  • Structure Type: Duplex
  • PricePerSqFt: 40.16
  • Attribution Contact: Cell: 815-631-1982
  • Special Features: None

Interior Features

  • Basement: Unfinished

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Aluminum Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street, Parking Pad
  • Total Parking Spaces: 4

Utilities

  • Heating: Gas, Window Unit(s)
  • Electric Expense: 1437
  • Water Sewer Expenses: 1043
  • Water Source: Public Sewer, Public
  • GasExpense: 1061
  • NumberOfWaterHeaters: 1
  • NumberOfHeatingUnits: 1
  • NumberOfCentralAirUnits: 1
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Sterling

Lot Info

  • Lot Size: 77.25X79.50X77.25X79.50
  • Parcel #: 11-21-406-012

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1904
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4512

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Oct 31, 2024
Sold by
Helt Raymond W and Helt Deborah A
Bought by
Cassens Nathan L and Habben Matthew N
Seller's Agent
Cindy Brackemeyer
Coldwell Banker Howes & Jefferies REALTORS
Buyer's Agent
Non-Member Agent RMLSA
Non-MLS
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%
Total Days on Market
11
Views
10
Current Estimated Value
$50,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333
Avg. Annual Appreciation
1.19%
Original Mortgage
$37,500
Outstanding Balance
$37,315
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$13,018

Range of Values:

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Average Value
Not Available
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
Cassens Nathan L $50,000 None Listed On Document
Cassens Nathan L $50,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cassens Nathan L $37,500
Closed Cassens Nathan L $37,500
Previous Owner Helt Raymond W $37,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $50,000 -16.5% $40 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $59,900 -- $48 / Sq Ft
Source: RMLS Alliance

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
2023 $1,904 $18,156 $3,472 $14,684
2022 $1,856 $17,371 $3,322 $14,049
2021 $1,791 $16,382 $3,133 $13,249
2020 $1,741 $15,808 $3,023 $12,785
2019 $1,730 $15,521 $2,968 $12,553
2018 $1,712 $15,546 $2,973 $12,573
2017 $1,715 $15,440 $2,953 $12,487
2016 $1,672 $14,943 $2,858 $12,085
2015 $1,599 $15,354 $2,937 $12,417
2014 $1,595 $15,013 $2,872 $12,141
2013 $1,599 $15,354 $2,937 $12,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4256688

RMLS Alliance

APN: 1121406012