NOT LISTED FOR SALE

202 W Morrell St Streator, IL 61364

Estimated Value: $65,537

4 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold February 02, 2024

Last sale price $55,000

Est. 19% increase in value since last sale

Current estimated payment $409/month

361 Days on Market

Highlights

  • Property is near park
  • Porch
  • Multiple Water Heaters
  • Corner Lot
  • Forced Air Heating System

About This Home

As of February 2024

3-unit with rental income is a turnkey investment with potential for much more! Rent one, two or all three units, or LIVE IN MAIN FLOOR UNIT and rent one or both of the studio apartments upstairs! You can even convert the whole house back to a single-family home with four bedrooms and three bathrooms! The main floor 2-bedroom unit, which features a living room, formal dining room, bathroom and updated kitchen had been rented for $850 per month previously. Both second floor units are studios with a kitchenette and bathroom and were renting for $450 per month each. Home has two furnaces and two water heaters, one each for main floor and second floor. Each unit has separate electric, which is paid by tenants.

Last Agent to Sell the Property

Dana Stuedemann

Chismarick Realty, LLC Listed on: 01/16/2023

Last Buyer's Agent

Kyle Cortez

Right Start Realty LLC License #475191432

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,871

Year Built

  • Built in 1894

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 139x50
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Converted Dwelling
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 6 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Additional Features

  • Porch
  • Property is near park

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,871

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Multiple Water Heaters
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Brick/Mortar
  • Lot Features: Corner Lot
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unassigned, Off Street, Driveway
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 139X50
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 18

Tax Info

  • Tax Annual Amount: 1871.04
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
Jan 24, 2024
Sold by
Rodriguez Ramona and John F Woods Estate John F Woods Estate
Bought by
Cox Billy
Seller's Agent
Dana Stuedemann
Chismarick Realty, LLC
Buyer's Agent
Kyle Cortez
Right Start Realty LLC
List Price
$115,000
Sold Price
$55,000
Premium/Discount to List
-$60,000
-52.17%
Views
778
Current Estimated Value
$65,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,537
Avg. Annual Appreciation
9.41%
Source: Public Records
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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
Cox Billy $55,000 Old Republic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2024 02/02/24 Sold $55,000 -38.8% --
01/13/2024 01/13/24 Pending -- -- --
10/12/2023 10/12/23 Price Changed $89,900 -10.1% --
08/22/2023 08/22/23 Price Changed $100,000 -13.0% --
07/17/2023 07/17/23 For Sale $115,000 +109.1% --
07/16/2023 07/16/23 Off Market $55,000 -- --
07/12/2023 07/12/23 Price Changed $115,000 -4.2% --
06/23/2023 06/23/23 For Sale $120,000 0.0% --
05/22/2023 05/22/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $120,000 -- --
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 $1,984 $18,554 $2,199 $16,355
2023 $2,136 $18,554 $2,199 $16,355
2022 $1,958 $16,209 $1,921 $14,288
2021 $1,871 $15,295 $1,813 $13,482
2020 $1,805 $14,814 $1,756 $13,058
2019 $1,722 $13,876 $1,645 $12,231
2018 $1,717 $13,227 $1,568 $11,659
2017 $1,697 $13,156 $1,560 $11,596
2016 $1,740 $14,124 $1,675 $12,449
2015 $1,869 $13,904 $1,649 $12,255
2012 -- $15,980 $1,895 $14,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11701593

Midwest Real Estate Data (MRED)

APN: 33-26-405012