NOT LISTED FOR SALE

Estimated Value: $381,000 - $390,557

8 Beds
8 Baths
3,166 Sq Ft
$122/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $320,000 $101 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,891/month

24 Days on Market

Highlights

  • 1-Story Property
  • Central High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2022

Great Investment opportunity next to U of I Campus. Large Duplex offering 4 Bedrooms & 4 Full Baths on each side. Each unit offers shared Commons Area consisting of Kitchen, Dining, Living Room. Basement for extra storage and coin operated laundry facilities. Off-Street Parking for 6 Cars and On-Street Parking on William. Tenants pay utilities including internet (each side individually metered). Owner pays Sewer, Trash Removal, Laundry Room utilities, Property Taxes. Both units are furnished. Can be leased by the Bedroom $375/bedroom, or a full unit for $1,500. Currently one side is rented for $1,495/month until 6/30/2022. The other side has two rooms rented for $375/month each with leases ending 6/30/2023 and 8/31/2022 respectively. This makes it a great option for an owner occupied to live on one side after June, and rent the other side for $1,500/month. If both sides are fully rented, then it generates $3,000/month of gross rent. Close to U of I Campus, Downtown Champaign, Dining & Shopping. Near bus line.

Last Agent to Sell the Property

Hazem Jaber

Coldwell Banker R.E. Group License #475115467 Listed on: 02/26/2022

Coldwell Banker R.E. Group

Last Buyer's Agent

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,399

Year Built

  • Built in 1989

Lot Details

  • 8,756

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Space is Owned
  • Unassigned Parking

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Additional Features

  • 1-Story Property
  • Lot Dimensions are 66 x 132
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Sellers And Ward Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,399

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Subdivision Name: Sellers and Ward
  • Year Built: 1989
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: LOT 7 OF SELLER & WARD
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • List Price: 325000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351
  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: 66 X 132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 8399.26
  • Tax Year: 2020

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Apr 12, 2022
Sold by
Varun Gandhi
Bought by
Maher Ruth and Maher James
Seller's Agent
Hazem Jaber
Coldwell Banker R.E. Group
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%
Current Estimated Value
$385,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,186
Avg. Annual Appreciation
5.20%

Purchase Details

Closed on
Jan 4, 2021
Sold by
Jed Rentals Llc
Bought by
Gandhi Varun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,584
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2015
Sold by
Dye Dye R and Dye Dale
Bought by
Jed Renals Llc

Purchase Details

Closed on
Jun 2, 2010
Sold by
Scaggs Thomas R
Bought by
Scaggs Properties Llc

Purchase Details

Closed on
Apr 10, 2008
Sold by
Crockett Paul A and Crockett Christine M
Bought by
Scaggs Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2005
Sold by
Wedig Richard J and Wedig Susan D
Bought by
Crockett Paul A and Crockett Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,800
Interest Rate
6.5%
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 Buyer Sale Price Title Company
Maher Ruth $320,000 None Listed On Document
Gandhi Varun $299,000 Attorney
Jed Renals Llc -- None Available
Scaggs Properties Llc -- None Available
Scaggs Thomas R $275,000 None Available
Crockett Paul A $271,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gandhi Varun $293,584
Previous Owner Scaggs Thomas $175,000
Previous Owner Scaggs Thomas R $175,000
Previous Owner Crockett Paul A $216,800
Previous Owner Crockett Paul A $27,100
Previous Owner Wedig Richard J $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $320,000 -1.5% $101 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $325,000 +8.7% $103 / Sq Ft
04/01/2021 04/01/21 Sold $299,000 0.0% $94 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $299,000 -- $94 / 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 $9,500 $115,680 $15,650 $100,030
2023 $9,500 $105,350 $14,250 $91,100
2022 $8,937 $97,190 $13,150 $84,040
2021 $8,722 $95,280 $12,890 $82,390
2020 $8,399 $91,610 $12,390 $79,220
2019 $8,130 $89,730 $12,140 $77,590
2018 $7,947 $88,320 $11,950 $76,370
2017 $8,296 $91,810 $11,490 $80,320
2016 $7,438 $89,920 $11,250 $78,670
2015 $7,495 $88,330 $11,050 $77,280
2014 $7,431 $88,330 $11,050 $77,280
2013 $7,364 $88,330 $11,050 $77,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11327733

Midwest Real Estate Data (MRED)

APN: 43-20-13-252-042