NOT LISTED FOR SALE

207 W Poplar St West Frankfort, IL 62896

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $85,000

153 Days on Market

About This Home

As of March 2022

Attention Investors. This income producing property centrally located in West Frankfort is now available to add to your portfolio. The low maintenance 26 unit storage facility includes 18 large units renting for $45 a month each and 8 small units renting for $25 a month each for a total of $1,010 per month income or $12,120 per year. Expenses include $2,566 in taxes for net profit of $9,554 per year. That would be roughly a 10% CAP rate or barely over 10 years to fully get back what you paid for the property. Call today and let's talk numbers!

Last Agent to Sell the Property

David Gilchrist

RIVER 2 RIVER REALTY, INC. License #475154449 Listed on: 07/20/2021

Last Buyer's Agent

David Gilchrist

RIVER 2 RIVER REALTY, INC. License #475154449 Listed on: 07/20/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,567

Lot Details

  • 7,405

Property Details

Property Type

Other

Est. Annual Taxes

$2,567

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Warehouse
  • Lvt Date: 07/20/2021
  • Flood Insurance: Unknown
  • Handicap Modified: Unknown
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Maximum Ceiling Ht Feet: 8
  • Min Ceiling Ht Feet: 8
  • Total Building Sq Ft: 2880
  • Estimated Lot Sq Ft: 7,560

Exterior Features

  • Exterior Finish: Block
  • Frontage Access: City Street
  • Insulation: None
  • Roof Construction: Metal
  • Wall Construction: Masonry

Utilities

  • Cooling: None
  • Heating: None

Lot Info

  • Estimated Number of Acres: 0.17
  • Zoning: COMMERCIAL
  • Estimated Land Size: 63 x 120
  • Geo Subdivision: IL
  • Irregular Lot: No

Rental Info

  • Sale Lease Includes: Building

Tax Info

  • Annual Taxes: 2566.8
  • Parcel Id Number Tax Id: 11-24-286-014
  • Tax Incentive: Enterprize Zone
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2013
Closed on
Sep 4, 2014
Sold by
Francescon Michael A and Francescon Terrie L
Bought by
Zaremba Joseph A
Seller's Agent
ROSE STALLINGS
LINCOLN REAL ESTATE
Buyer's Agent
ROSE STALLINGS
LINCOLN REAL ESTATE
Sold Price
$50,000
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
Zaremba Joseph A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $85,000 -12.8% --
12/20/2021 12/20/21 Pending -- -- --
11/22/2021 11/22/21 Price Changed $97,500 -30.3% --
07/20/2021 07/20/21 For Sale $139,900 0.0% --
09/04/2014 09/04/14 Rented $50,000 -28.1% --
08/13/2014 08/13/14 Under Contract -- -- --
11/07/2013 11/07/13 For Rent $69,500 -- --
Source: RMLS Alliance

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 $3,085 $33,255 $4,040 $29,215
2023 $2,878 $30,510 $3,705 $26,805
2022 $2,734 $27,490 $3,340 $24,150
2021 $2,713 $25,935 $3,150 $22,785
2020 $2,567 $25,110 $3,050 $22,060
2019 $2,435 $25,165 $3,055 $22,110
2018 $2,309 $24,670 $2,995 $21,675
2017 $2,276 $24,180 $2,935 $21,245
2016 $2,347 $23,860 $2,895 $20,965
2015 $2,191 $23,860 $2,895 $20,965
2014 $2,115 $22,910 $2,780 $20,130
2013 $1,939 $20,640 $2,505 $18,135
Source: Public Records

Agents Affiliated with this Home

  • David Gilchrist

    Seller's Agent in 2022

    David Gilchrist

    RIVER 2 RIVER REALTY, INC.

    (618) 889-6378

    4 in this area

    58 Total Sales

    David Gilchrist
    Section Image

  • R

    Seller's Agent in 2014

    ROSE STALLINGS

    LINCOLN REAL ESTATE

See All Agents

Map

Source: RMLS Alliance

MLS Number: EB440499

RMLS Alliance

APN: 11-24-286-014

Illinois Franklin County West Frankfort 62896

207 W Poplar St, West Frankfort, IL

This home is located at 207 W Poplar St, West Frankfort, IL 62896 since 20 July 2021. 207 W Poplar St is a home located in Franklin County with nearby schools including Denning Elementary School, Frankfort Intermediate School, and Central Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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