$99,900
SOLD AUG 23, 2024

210 Jerome Ln Cahokia Heights, IL 62206

-- Bed
-- Bath
4,216 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$24 Per Sq Ft

26 Days on Market

About This Home

As of August 2024

INVESTORS SPECIAL! Exceptional long-term investment opportunity with tenants in place for over 5 years. Unit A: spacious 1-bed/1-bath, oversized closet, dining room, living room, & large laundry room that could be used as a bonus space, renting at $550. Unit B: 2-bed/1-bath,large eat in kitchen, spacious living room and oversized laundry room that could be used as bonus space, renting for $700. Both units offer enduring appeal. Below, a very spacious 2200 sqft commercial space used as a barbershop rents for $1100, ensuring consistent income. Totaling $2350/month, this investment promises secure, long-lasting returns. Close to the highway for added convenience. Owner pays American Bottoms(approx. $58 every three months), Cahokia Sewer/Water(approx. $60 every three months) and Republic Trash(approx. $119/month); Ameren on Bottom Unit Only. Sold AS-IS. Priced to Sell. Only $99,900. Zoned Commercial

Last Agent to Sell the Property

Tiaa Harris

Just Wright Realty License #471018406 Listed on: 04/19/2024

Co-Listed By

Pierre Cochran

Just Wright Realty

Last Buyer's Agent

Schae Ricketts

Keller Williams Marquee License #475208118

Keller Williams Marquee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,566

Year Built

  • Built in 1977

Parking

  • Gravel Driveway

Home Design

  • 4,216 Sq Ft Home

Schools

  • Cahokia Dist 187 Elementary And Middle School
  • Cahokia High School

Additional Features

  • 10,019 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Net Operating Income $23,727

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 01-35.0-310-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,566

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Mississippi Ave/Rte3
  • Year Built: 1977
  • Directions: Rte 3/Mississippi Ave to Jerome Lane
  • Property Sub-Type: Multi-Family 2-4
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: MARE429
  • Co List Office Phone: 3375878
  • Co List Office Phone: 3375878
  • Subdivision Name: CAHOKIA COMMONFIELDS
  • Above Grade Finished Sq Ft: 4216
  • Age: 47
  • Total Expenses: 4473.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Refrigerator(s), Some Range Oven(s)

Exterior Features

  • Disclosures: Unknown, Sellers Discl. Avail

Garage/Parking

  • Attached Garage: No
  • Parking Features: Open
  • Driveway: Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: CAHOKIA DIST 187
  • Junior High Dist: Cahokia DIST 187
  • High School: Cahokia
  • Middle Or Junior School: CAHOKIA DIST 187

Lot Info

  • Lot Dimensions: 100 x 102.39 irr
  • Lot Size Sq Ft: 10019
  • Parcel Number: 01-35.0-310-012

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Term: Leases

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2566

Multi Family

  • Net Operating Income: 23727
  • Type Of Units: 3-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 27, 2024
Sold by
Howliet Kendricks
Bought by
Paul Lynae Llc
Seller's Agent
Tiaa Harris
Just Wright Realty
Buyer's Agent
Schae Ricketts
Keller Williams Marquee
List Price
$99,900
Sold Price
$99,900
Views
39
Current Estimated Value
$101,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,091
Avg. Annual Appreciation
-2.65%
Original Mortgage
$74,250
Outstanding Balance
$73,208
Interest Rate
6.78%
Mortgage Type
Commercial
Estimated Equity
$24,305

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 22, 2024
Sold by
Falcon Ltd
Bought by
Howliet Kendricks
Seller's Agent
Tiaa Harris
Just Wright Realty
Buyer's Agent
Schae Ricketts
Keller Williams Marquee
List Price
$99,900
Sold Price
$99,900
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Outstanding Balance
$73,208
Interest Rate
6.78%
Mortgage Type
Commercial
Estimated Equity
$24,305

Purchase Details

Closed on
Mar 21, 2012
Sold by
Raven Securities Inc
Bought by
Falcon Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,400
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 7, 2012
Sold by
Delaney Bob
Bought by
Raven Securities Inc
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 $100,000 None Available
Quit Claim Deed -- Benchmark Title
Quit Claim Deed $50,500 None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,250 Commercial
Previous Owner $91,400 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $99,900 0.0% $24 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $99,900 -- $24 / 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
2023 $2,803 $14,752 $3,564 $11,188
2022 $2,566 $12,929 $3,124 $9,805
2021 $2,631 $12,251 $2,960 $9,291
2020 $3,530 $15,150 $3,101 $12,049
2019 $3,536 $15,150 $3,101 $12,049
2018 $3,519 $15,371 $3,146 $12,225
2017 $3,439 $15,000 $3,070 $11,930
2016 $3,556 $14,491 $3,059 $11,432
2014 $2,931 $14,334 $3,026 $11,308
2013 $4,380 $13,445 $2,838 $10,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS24023354

MARIS MLS

APN: 01-35.0-310-012