$145,000
SOLD SEP 10, 2024

201 Meadow Ave East Peoria, IL 61611

-- Bed
-- Bath
1,160 Sq Ft
0.88 Acres

Recently Sold

$125 Per Sq Ft

3% Below List Price

57 Days on Market

Highlights

  • Tankless Water Heater
  • Guest Parking
  • Level Lot
  • Storage
  • Forced Air Heating System

About This Home

As of September 2024

Attention Investors!! 3 homes tucked away on 1 lot all completely updated and occupied for instant cash flow! Amenities on each home include; newer roofs, maintenance free vinyl siding, vinyl replacement windows, newer cabinets-tops-stainless steel appliances. The home set up is; #1 - studio, newer wall unit HVAC, tankless water heater, $350/month; #2 - 2 bedroom, newer gas forced air with central air, stackable washer/dryer in unit, $600/month; #3 - 1 bedroom, washer hookup, tankless water heater, $430/month. All units include an extra storage area in the detached shed. All tenants are month to month. Tenants pay their own gas and electric. Owner pays for water/sewer/snow/grass. All these homes have been completely updated and offer tremendous opportunity for higher rents. Call for more details. $149,900

Last Agent to Sell the Property

Brian Monge

Jim Maloof Realty, Inc. Brokerage Phone: 309-657-8182 License #475124221 Listed on: 06/13/2024

Jim Maloof Realty, Inc.

Last Buyer's Agent

Drake Scott

Keller Williams Premier Realty License #475185042

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,930

Year Built

  • Built in 1938

Lot Details

  • Lot Dimensions are 66x271x68x286
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,160 Sq Ft Home
  • Storage
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Guest Parking

Schools

  • Woodrow Wilson Elementary School
  • Central Middle School
  • East Peoria Comm High School

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Urbandale Subdivision

Listing and Financial Details

  • Tenant pays for gas & electric
  • Assessor Parcel Number 01-01-34-303-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,930

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1938
  • New Construction: No
  • Structure Type: One Story, Other
  • PricePerSqFt: 125
  • Attribution Contact: Pref: 309-657-8182
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Interior Amenities: Storage, Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Guest Parking, Other
  • Total Parking Spaces: 3

Utilities

  • Heating: Forced Air, Gas, Central Air, Gas Water Heater, Wall Unit(s), Tankless Water Heater
  • Water Sewer Expenses: 550
  • Laundry Features: None, Private
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 3
  • NumberOfHeatingUnits: 3
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 3
  • NumberOfElectricMeters: 3
  • NumberofWaterMeters: 1
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 1000

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Woodrow Wilson
  • High School: East Peoria Comm
  • Middle Or Junior School: Central

Lot Info

  • Zoning: Residential
  • Lot Size: 66x271x68x286
  • Additional Parcels Description: N/A
  • Parcel #: 01-01-34-303-004
  • CertificateOfZoning: No

Rental Info

  • Tenant Pays: Gas & Electric
  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2930.3
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 16560
  • Annual Operating Expense: 2850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Sep 10, 2024
Sold by
Martens David William
Bought by
Central Illinois Stays Llc
Seller's Agent
Brian Monge
Jim Maloof Realty, Inc.
Buyer's Agent
Drake Scott
Keller Williams Premier Realty
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Views
76
Current Estimated Value
$146,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,224
Avg. Annual Appreciation
0.04%
Original Mortgage
$116,000
Outstanding Balance
$113,687
Interest Rate
3.69%
Mortgage Type
Credit Line Revolving
Estimated Equity
$31,366

Purchase Details

Closed on
Jul 11, 2008
Sold by
Neals Andrew J and Guth Landon C
Bought by
G & N Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Hamp Roger D
Bought by
Watkins Properties Inc

Purchase Details

Closed on
Mar 3, 2006
Sold by
Watkins Properties Inc
Bought by
Guth Landon C and Neals Andrew J

Purchase Details

Closed on
Oct 11, 2005
Sold by
Watkins Kyle W
Bought by
Guth Landon C and Neals Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $145,000 Chicago Title
Quit Claim Deed -- Chicago Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $66,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,000 Credit Line Revolving
Previous Owner $615,000 New Conventional
Previous Owner $620,000 Future Advance Clause Open End Mortgage
Previous Owner $440,599 Future Advance Clause Open End Mortgage
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $85,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Sold $145,000 -3.3% $125 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $149,900 +78.5% $129 / Sq Ft
11/19/2014 11/19/14 Sold $84,000 -9.7% $72 / Sq Ft
10/16/2014 10/16/14 Pending -- -- --
09/22/2014 09/22/14 For Sale $92,999 -- $80 / 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
2024 $2,930 $32,890 $3,380 $29,510
2023 $2,930 $30,270 $3,110 $27,160
2022 $2,801 $28,130 $2,890 $25,240
2021 $2,686 $27,050 $2,780 $24,270
2020 $2,550 $26,260 $2,700 $23,560
2019 $2,534 $26,260 $2,700 $23,560
2018 $2,465 $26,260 $2,700 $23,560
2017 $2,442 $26,000 $2,670 $23,330
2016 $2,388 $26,000 $2,670 $23,330
2015 $1,646 $0 $0 $0
2013 $1,657 $18,280 $2,670 $15,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1250944

RMLS Alliance

APN: 01-01-34-303-004