$1,650,000
SOLD NOV 26, 2018

204 E Clark St Champaign, IL 61820

41 Beds
24 Baths
-- Sq Ft
0.43 Acres

Recently Sold

8% Below List Price

21 Days on Market

About This Home

As of September 2023

Deals like this rarely hit the open market. This solid masonry building consists of 23 total units with uncommonly spacious bed and living rooms. 16 large, two bedroom apartments. Six open concept two-level loft apartments. One, Three-bed 2-bath apartment. This building has a past history of 100% occupancy. However, you may renovate units with ease, as this building is currently 61% occupied after a 2018 management change. Will provide rent rolls, financials, etc. after proof of funds is shown. This sale includes two parcels: 472107355028(building site), 472107355027(additional parking). Zoning for both parcels is MF-University District, which allows for buildings as tall as 75'. The parking lot would make a prime development location along the edge of the scenic Boneyard Corridor.

Last Agent to Sell the Property

Jonah Weisskopf

Weiner Co., Ltd. License #475155882 Listed on: 09/14/2018

Co-Listed By

Philip Fiscella

Abe Lincoln Realty License #471020370

Last Buyer's Agent

George Gramm

RE/MAX Choice License #475156305

RE/MAX Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $48,349

Year Built

  • 1977

Home Design

  • Slab Foundation
  • Block Exterior

Community Details

  • Fuel Expense $10,200
  • Insurance Expense $6,000

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,349

Year Built

1977

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Roof Coverings: Shingle Composition, Membrane
  • Roof Structure: Flat, Pitched
  • Scavenger Expense: 1680
  • Total Annual Income: 216600
  • Total Monthly Income: 18050
  • Number Of Stories: 3.5
  • Estimated Year Built: 1977
  • Type Multi Family: Hi-Rise
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1977

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Block
  • Acreage: 0.43
  • Construction: Concrete

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Heatventilation: Forced Air
  • Water Expense: 3600

Condo/Co-op/Association

  • Units in Building: 23

Lot Info

  • Lot Sq Ft: 25266
  • Parcel Identification Number: 462107355028

Rental Info

  • Gross Rental Income: 18050
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 10200
  • Insurance Expense: 6000

Tax Info

  • Taxes: 37951

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Sep 8, 2023
Sold by
Eb 204 Clark Llc
Bought by
Crs Campus Assets Llc
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Shannon Collins
Green Street Realty
List Price
$4,100,000
Sold Price
$4,100,000
Total Days on Market
21
Views
1
Current Estimated Value
$1,947,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,153,000
Avg. Annual Appreciation
-34.50%
Original Mortgage
$14,000,000
Outstanding Balance
$10,072,136
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$8,125,136

Purchase Details

Listed on
Sep 14, 2018
Closed on
Nov 21, 2018
Sold by
Busey Trust Company
Bought by
Eb 204 Clark Llc
Seller's Agent
Jonah Weisskopf
Weiner Co., Ltd.
Buyer's Agent
George Gramm
RE/MAX Choice
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.93%
Original Mortgage
$6,533,000
Interest Rate
5.25%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $7,790,000 None Listed On Document
Deed $1,650,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $14,000,000 New Conventional
Closed $14,000,000 New Conventional
Previous Owner $6,533,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $4,100,000 0.0% --
05/10/2023 05/10/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $4,100,000 +148.5% --
11/26/2018 11/26/18 Sold $1,650,000 -8.3% --
10/05/2018 10/05/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $1,800,000 -- --
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 $48,349 $588,680 $253,810 $334,870
2023 $48,349 $536,140 $231,160 $304,980
2022 $45,482 $494,600 $213,250 $281,350
2021 $41,878 $457,460 $197,240 $260,220
2020 $39,945 $435,680 $187,850 $247,830
2019 $38,662 $426,720 $183,990 $242,730
2018 $37,794 $420,000 $181,090 $238,910
2017 $37,951 $420,000 $181,090 $238,910
2016 $34,026 $411,360 $177,360 $234,000
2015 $23,944 $404,080 $174,220 $229,860
2014 $23,739 $282,190 $52,330 $229,860
2013 $23,526 $282,190 $52,330 $229,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10084584

Midwest Real Estate Data (MRED)

APN: 46-21-07-355-028