NOT LISTED FOR SALE

204 S 7th St Dekalb, IL 60115

Estimated Value: $236,000 - $257,000

4 Beds
3 Baths
-- Sq Ft
12,197 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $207,500

Est. 17% increase in value since last sale

Current estimated payment $1,880/month

43 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Porch
  • Corner Lot
  • 2 Car Detached Garage
  • 2-minute walk to Hallgren Park

About This Home

As of March 2023

Why not have your tenants help pay your mortgage - especially with the rising interest rates? The lower level of this home (Unit 1) can easily be owner-occupied. Or this three-unit converted home would make a nice addition to a portfolio. Enter through the wrap-around porch to the main entrance of the building. Unit 1 has 2-3 bedrooms, 9-foot ceilings, a new shower, a large living room, a formal dining room, ceiling fans, and a nice kitchen with an entrance to the basement and AC. The garage can be for unit 1 as well as a washer and dryer. (Interior photos are of Unit 1 only). Unit 2 is to the right of the stairs and Unit 3 is at the top of the stairs. Unit 2 has one bedroom, a living room, a kitchenette, and a bedroom with access to the back deck. Unit 3 is more like a "suite" with a living room, bedroom, kitchen, and access to the back deck as well. The two-garage can be for Unit 1 or one can rent it out for an additional fee. (Increased rent for Unit 1 would warrant the use of the garage). The basement is accessible by all three tenants. All three units use the basement space for storage. The corner lot is quite spacious and can be enjoyed by the tenants for outdoor activities. You'll be impressed with the basement. It is all concrete poured and like brand new. Updates include two new water heaters (2020); a new shower in Unit 1 (2022); a chimney stack (2018); newer siding. Close to downtown DeKalb, NIU, and I-88 access. This could be the investment property you are looking for or a great place to call your home while the tenants help pay the mortgage.

Last Agent to Sell the Property

Maria Pena-Graham

Coldwell Banker Real Estate Group License #475128048 Listed on: 12/09/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

Daniel O'Leary

Real Broker, LLC License #475182678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,339

Year Built

  • Built in 1875

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 96x132
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Converted Dwelling
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms
  • No Tub in Bathroom

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $2,050
  • Net Operating Income $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,339

Year Built

Built in 1875

Lot Details

0.28 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1875
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s), Water Heater-Gas
  • Room Type: Den
  • Basement Description: Unfinished
  • Bathroom Amenities: No Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Unassigned, Off Street, Driveway
  • ParkingTotal: 2
  • Number of Cars: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: Y

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 96X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 2100
  • GrossIncome: 2050
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: Converted Residence

Tax Info

  • Tax Annual Amount: 7338.84
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
Mar 31, 2023
Sold by
Gifford Ryan J and Casurella Joseph R
Bought by
Callahan Jeffrey
Seller's Agent
Maria Pena-Graham
Coldwell Banker Real Estate Group
Buyer's Agent
Daniel O'Leary
Real Broker, LLC
List Price
$229,900
Sold Price
$207,500
Premium/Discount to List
-$22,400
-9.74%
Views
106
Current Estimated Value
$242,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,187
Avg. Annual Appreciation
5.36%
Original Mortgage
$200,956
Outstanding Balance
$195,268
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$47,419

Purchase Details

Listed on
Dec 9, 2022
Closed on
Mar 24, 2023
Sold by
Gifford Ryan J and Casurella Joseph R
Bought by
Casurella Joseph R
Seller's Agent
Maria Pena-Graham
Coldwell Banker Real Estate Group
Buyer's Agent
Daniel O'Leary
Real Broker, LLC
List Price
$229,900
Sold Price
$207,500
Premium/Discount to List
-$22,400
-9.74%
Views
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,956
Outstanding Balance
$195,268
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$47,419

Purchase Details

Closed on
May 6, 2021
Sold by
Nell Bell Llc
Bought by
Gifford Ryan J and Casurella Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2020
Sold by
Gifford Ryan J
Bought by
Nell Bell Llc

Purchase Details

Closed on
Jan 25, 2018
Sold by
First National Bank Of Omaha
Bought by
Gifford Ryan and Casurella Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 22, 2009
Sold by
Cook Donald D
Bought by
Castle Bank Trust
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
Callahan Jeffrey $207,500 None Listed On Document
Casurella Joseph R -- None Listed On Document
Gifford Ryan J -- Attorney
Nell Bell Llc -- Attorney
Gifford Ryan $170,000 Attorney
Castle Bank Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callahan Jeffrey $200,956
Previous Owner Gifford Ryan J $128,000
Previous Owner Gifford Ryan $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $207,500 -9.7% --
01/22/2023 01/22/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $229,900 0.0% --
01/04/2023 01/04/23 Pending -- -- --
12/09/2022 12/09/22 For Sale $229,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,991 $85,175 $15,609 $69,566
2023 $7,146 $74,266 $13,610 $60,656
2022 $7,146 $70,708 $15,330 $55,378
2021 $7,339 $66,318 $14,378 $51,940
2020 $7,505 $65,261 $14,149 $51,112
2019 $7,357 $62,697 $13,593 $49,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11685532

Midwest Real Estate Data (MRED)

APN: 08-23-338-009

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