NOT LISTED FOR SALE

202 Market St Prophetstown, IL 61277

Estimated Value: $176,000 - $374,000

9 Beds
6 Baths
6,100 Sq Ft
$50/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $275,000 $45 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,300/month

123 Days on Market

Highlights

  • Corner Lot
  • Patio
  • 5 Car Garage
  • Porch
  • Water Softener is Owned
  • 2-minute walk to Prophetstown State Park

About This Home

As of November 2021

Well maintained four-unit building with a three bedroom, three bathroom main floor unit for owner-occupant with an attached 2 car garage. A 3 car detached garage serves the 3 upstairs apartments. This building has a full basement with a laundry room and individual storage closets for the apartments. The main floor unit has it's own washer and dryer. The laundry room in the basement has 1 washer and 2 dryers for tenant use. Two of the second level units can be accessed by an elevator. Currently the 3 upper units provide $1,800 in total monthly income. It is expected that the main unit, if rented instead of being owner occupied could bring $1,000 to $1,200 in monthly income, raising that total income to potentially $3,000 per month.

Last Agent to Sell the Property

Ken Kophamer

Kophamer & Blean Realty License #471000188 Listed on: 05/12/2021

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,943

Year Built

  • Built in 1993

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 69.87x152.97
  • Corner Lot

Parking

  • 5 Car Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 6 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Water Softener is Owned

Community Details

  • 4 Units
  • Gross Income $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,943

Year Built

Built in 1993

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1993
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Other Equipment: Water-Softener Owned
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Garage/Space,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • Room: 3

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • List Price: 285000
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 5
  • ParkingTotal: 5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 3

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 69.87X152.97
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • TenantPays: All

Multi Family

  • GrossIncome: 1800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s,Other

Tax Info

  • Tax Annual Amount: 5942.9
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Oct 27, 2021
Sold by
Voss Larry R and Voss Judith M
Bought by
Prophetstown Pork Llc
Seller's Agent
Ken Kophamer
Kophamer & Blean Realty
Buyer's Agent
Non Member
NON MEMBER
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%
Current Estimated Value
$292,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,452
Avg. Annual Appreciation
-0.16%

Purchase Details

Closed on
May 23, 2016
Sold by
Kophamer/Blean Property Management Llc S
Bought by
Voss Larry R and Voss Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 16, 2014
Sold by
Ken Kophamer Llc
Bought by
Ken & Mike Rentals Llc
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 Buyer Sale Price Title Company
Prophetstown Pork Llc $275,000 None Available
Voss Larry R -- Attorney
Vos Larry R $260,000 Nti
Ken & Mike Rentals Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vos Larry R $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $275,000 -3.5% $45 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $285,000 -- $47 / Sq Ft
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 $8,384 $98,426 $3,753 $94,673
2023 $7,572 $89,747 $3,422 $86,325
2022 $6,844 $79,038 $3,014 $76,024
2021 $5,455 $71,957 $2,744 $69,213
2020 $5,591 $71,806 $2,738 $69,068
2019 $5,943 $76,127 $4,776 $71,351
2018 $6,126 $78,953 $4,953 $74,000
2017 $6,259 $78,953 $4,953 $74,000
2016 $7,511 $78,953 $4,953 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11085009

Midwest Real Estate Data (MRED)

APN: 1533381017