NOT LISTED FOR SALE

2 N Seminary Ave Mount Morris, IL 61054

Estimated Value: $88,000 - $182,000

15 Beds
9 Baths
2,900 Sq Ft
$41/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $158,000 $54 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $857/month

138 Days on Market

Highlights

  • Elevator
  • Baseboard Heating
  • 4-minute walk to Mt Morris Skate Park
  • Oregon High School Rated 9+
  • Laundry Facilities

About This Home

As of December 2020

19% CAP RATE= AN EXCELLENT INVESTMENT OPPORTUNITY! If you are looking to grow your investment portfolio and income, keep reading! 9 unit apartment complex with off street parking lot and laundry facilities located in the building. There are six- 2 bedroom/1 bathroom apartments and three- 1 bedroom/1bathroom apartments. Each unit is all electric and tenant pays electric bill for their unit. Landlord pays water/sewer/garbage & gas bill for hot water heater. Several units have been updated with new carpet & plumbing. Stove and refrigerator in each unit are owned by landlord. Easy to rent, call for more information!

Last Agent to Sell the Property

Rebecca Hazzard

Re/Max of Rock Valley License #471019445 Listed on: 06/08/2020

Re/Max of Rock Valley

Last Buyer's Agent

Rose Schlickman

Key Realty, Inc. License #471000587

Key Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,299

Lot Details

  • 6,011

Parking

  • 25 Car Parking Spaces

Home Design

  • Shingle Roof
  • Siding

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Stove

Schools

  • Oregon Elementary School
  • Oregon Middle School
  • Oregon High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 9 Units
  • 3-Story Building

Amenities

  • Laundry Facilities
  • Elevator

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,299

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2900
  • Front: 129
  • General Features: Elevator, Laundry in Building
  • Grid: O5
  • Legal Description: Per Title
  • Lvt Date: 06/08/2020
  • Rear: 129
  • Side 1: 123
  • Side 2: 123
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 95400
  • Calculate Cap Rate: Yes
  • Annual Insurance Expense: 3600
  • Number Of Floors In Bldg: 3
  • Number Of Tenants In Bldg: 9
  • Number Of Units In Bldg: 9
  • Potential Income: 45900
  • Utilities Yr: 1920
  • Agent Only_ L A1 User Code: 10340
  • Elementary School: Oregon Elementary
  • Pertinent Facts: 19% CAP RATE= AN EXCELLENT INVESTMENT OPPORTUNITY! If you are looking to grow your investment portfolio and income, keep reading! 9 unit apartment complex with off street parking lot and laundry facilities located in the building. There are six- 2 bedroom/1 bathroom apartments and three- 1 bedroom/1bathroom apartments. Each unit is all electric and tenant pays electric bill for their unit. Landlord pays water/sewer/garbage & gas bill for hot water heater. Several units have been updated with new carpet & plumbing. Stove and refrigerator in each unit are owned by landlord. Easy to rent, call for more information!
  • L O1 Brokerage Number: 478026891
  • S O1 Brokerage Number: 477012769
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 25

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Oregon 220
  • Elementary School: Oregon Elementary
  • Middle School: Oregon
  • High School: Oregon High

Tax Info

  • Year: 2019
  • Taxes: 3299

MLS Schools

  • HighSchool: Oregon High
  • School District: Oregon 220
  • Middle School: Oregon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2015
Sold by
Hesselbacher Orville
Bought by
Kurzac Antoni
Current Estimated Value
$119,992
Source: Public Records

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
Kurzac Antoni $4,753 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $158,000 -19.0% $54 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $195,000 0.0% $67 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $195,000 -- $67 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $2,442 $25,187 $3,474 $21,713
2023 $2,239 $23,169 $3,196 $19,973
2022 $2,142 $21,277 $2,935 $18,342
2021 $2,013 $19,719 $2,720 $16,999
2020 $1,903 $18,357 $2,532 $15,825
2019 $1,122 $10,812 $2,332 $8,480
2018 $1,035 $10,200 $2,200 $8,000
2017 $1,039 $10,200 $2,200 $8,000
2016 $1,039 $10,200 $2,200 $8,000
2015 $755 $10,200 $2,200 $8,000
2014 $2,087 $7,475 $2,523 $4,952
2013 $2,092 $21,563 $2,732 $18,831
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Hazzard

    Seller's Agent in 2020

    Rebecca Hazzard

    RE/MAX

    (815) 509-8432

    34 in this area

    467 Total Sales

    Rebecca Hazzard
    Section Image
  • Rose Schlickman

    Buyer's Agent in 2020

    Rose Schlickman

    Key Realty, Inc.

    (815) 581-9471

    2 in this area

    120 Total Sales

    Rose Schlickman
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202002890

NorthWest Illinois Alliance of REALTORS®

APN: 08-27-426-014

Illinois Ogle County Mount Morris 61054

2 N Seminary Ave, Mount Morris, IL

This home is located at 2 N Seminary Ave, Mount Morris, IL 61054 since 08 June 2020 and is currently estimated at $119,992, approximately $41 per square foot. 2 N Seminary Ave is a home located in Ogle County with nearby schools including Oregon Elementary School, David L. Rahn Junior High School, and Oregon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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