$163,000
SOLD DEC 20, 2024

204 S Fritz St Lebanon, IL 62254

-- Bed
-- Bath
2,736 Sq Ft
0.38 Acres

Recently Sold

$60 Per Sq Ft

9% Below List Price

76 Days on Market

About This Home

As of December 2024

Don’t miss out on this incredible investment opportunity in a high-demand area! This well-maintained 4-unit building offers immediate cash flow. Three units feature 1 bed and 1 bath, while 4th unit is a studio apartment currently lived in by owner. The property boasts strong rental history, with potential for rent increases, providing excellent ROI.Conveniently located near McKendree University. Ideal for investors looking to expand their portfolio or enter the market with a turn-key solution.

Last Agent to Sell the Property

John Coleman

eXp Realty License #475.209268 Listed on: 10/04/2024

eXp Realty

Last Buyer's Agent

John Coleman

eXp Realty License #475.209268 Listed on: 10/04/2024

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,522

Year Built

  • Built in 1837

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 133 x 124

Parking

  • On-Street Parking

Home Design

  • 2,736 Sq Ft Home
  • Vinyl Siding

Schools

  • Lebanon Dist 9 Elementary And Middle School
  • Lebanon High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 05-19.0-411-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,522

Year Built

Built in 1837

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1837
  • Directions: EAST ON ROUTE 50 , RIGHT ON FRITZ STREET , PROPERTY ON LEFT
  • Property Sub-Type: Multi-Family 2-4
  • Lot Size Acres: 0.38
  • Co List Office Phone: 5749405
  • Subdivision Name: Town/Lebanon
  • Above Grade Finished Sq Ft: 2736
  • Age: 188
  • PropaneTank: None
  • Total Expenses: 19296.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Disclosures: Unknown, Flood Plain No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Driveway: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: LEBANON DIST 9
  • Junior High Dist: Lebanon CUSD 9
  • High School: Lebanon
  • Middle Or Junior School: LEBANON DIST 9

Lot Info

  • Lot Dimensions: 133 X 124
  • Lot Size Sq Ft: 16553
  • Parcel Number: 05-19.0-411-015
  • Lot Number: 3

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Leases,Month To Month,Owner Occupied

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3522

Multi Family

  • Type Of Units: 4-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Dec 27, 2024
Sold by
Hartman Andre M
Bought by
Spence Christy
Seller's Agent
John Coleman
eXp Realty
Buyer's Agent
John Coleman
eXp Realty
List Price
$180,000
Sold Price
$163,000
Premium/Discount to List
-$17,000
-9.44%
Views
47
Current Estimated Value
$170,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,525
Avg. Annual Appreciation
6.66%

Purchase Details

Listed on
Jun 8, 2022
Closed on
Aug 2, 2022
Sold by
Gildehaus Ronald E and Gildehaus Debra S
Bought by
Hartman Andre M
Seller's Agent
Rhonda Hoercher
Coldwell Banker Brown Realtors
Buyer's Agent
Kassie Jones
Keller Williams Marquee
List Price
$120,000
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%
Original Mortgage
$90,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Gildehaus Ronald E and Gildehaus Debra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 6, 2009
Sold by
Robnett David
Bought by
Deutsche Bank Trust Company Americas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 3, 2002
Sold by
Boeser Brian
Bought by
Robnett David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,700
Interest Rate
6.87%
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 $163,000 Abstracts & Titles
Warranty Deed $120,000 First American Title
Corporate Deed $23,000 First American Title Insuran
Legal Action Court Order -- None Available
Warranty Deed $82,000 First County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $90,000 New Conventional
Previous Owner $44,000 Future Advance Clause Open End Mortgage
Previous Owner $70,400 Unknown
Previous Owner $69,700 No Value Available
Previous Owner $10,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 Pending -- -- --
12/20/2024 12/20/24 Sold $163,000 -4.1% $60 / Sq Ft
11/11/2024 11/11/24 Price Changed $170,000 -5.6% $62 / Sq Ft
10/04/2024 10/04/24 For Sale $180,000 +50.0% $66 / Sq Ft
08/02/2022 08/02/22 Sold $120,000 0.0% $44 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $120,000 -- $44 / Sq Ft
Source: MARIS MLS

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 $3,628 $42,546 $8,135 $34,411
2023 $3,522 $40,432 $7,731 $32,701
2022 $3,346 $37,688 $7,206 $30,482
2021 $3,055 $32,196 $7,019 $25,177
2020 $2,965 $29,245 $6,376 $22,869
2019 $2,865 $29,245 $6,376 $22,869
2018 $2,764 $28,377 $6,187 $22,190
2017 $2,535 $25,545 $6,422 $19,123
2016 $2,519 $25,342 $6,371 $18,971
2014 $2,278 $24,480 $6,154 $18,326
2013 $1,223 $20,848 $6,384 $14,464
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS24062976

MARIS MLS

APN: 05-19.0-411-015