NOT LISTED FOR SALE
72 Beds
36 Baths
-- Sq Ft
1.52 Acres

Last Sold September 15, 2020

Last sale price $775,000

36 Days on Market

About This Home

As of September 2020

Great cash flow opportunity. 3 building portfolio with 12 units each. All 2 bedroom 1 bath. Selling as a package, will not sell individually. Rent rolls, income, & expenses available upon request for pre qualified buyers.

Last Agent to Sell the Property

John Albee

BHHS Central Illinois, REALTORS License #475071164 Listed on: 05/13/2020

BHHS Central Illinois, REALTORS

Co-Listed By

Melissa Dittbenner

BHHS Central Illinois, REALTORS License #475175689

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 1.52

Community Details

  • Fuel Expense $11,779
  • Insurance Expense $10,745

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 80325
  • Outdoor Parking: 31-50 Spaces
  • Repairs Decor Expense: 15735
  • Scavenger Expense: 1878
  • Total Annual Exp: 145037
  • Total Annual Income: 225362
  • Total Monthly Income: 17807
  • Number of Ranges: 36
  • Number Of Refrigs: 36
  • Number Of Stories: 2
  • Estimated Year Built: 1978
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1978

Exterior Features

  • Acreage: 1.52

Garage/Parking

  • Number Of Parking Spaces: 48

Utilities

  • Heatventilation: Electric, Forced Air
  • Water Expense: 14710

Condo/Co-op/Association

  • Units in Building: 36
  • Conversion YN: Y

Fee Information

  • Electricity Expense: 4879

Lot Info

  • Lot Dimensions: 1.52
  • Parcel Identification Number: 1435481018
  • BNAR Zoning: R3A

Rental Info

  • Gross Rental Income: 225362
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Fuel Expense: 11779
  • Insurance Expense: 10745

Tax Info

  • Taxes: 31814

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Sep 14, 2020
Sold by
Baumgart Nancy J
Bought by
M & M Real Estate Partnership Llc
Seller's Agent
John Albee
BHHS Central Illinois, REALTORS
Buyer's Agent
Non Member
NON MEMBER
List Price
$945,000
Sold Price
$775,000
Premium/Discount to List
-$170,000
-17.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,230,571
Outstanding Balance
$1,732,048
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2005
Sold by
The Commerce Trust Co
Bought by
Baumgart Nancy J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M & M Real Estate Partnership Llc $210,500 Alliance Land Title
Baumgart Nancy J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & M Real Estate Partnership Llc $3,230,571
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $775,000 -18.0% --
06/18/2020 06/18/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $945,000 -- --
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 $6,295 $98,185 $35,552 $62,633
2022 $6,295 $74,070 $26,820 $47,250
2021 $5,958 $70,111 $25,387 $44,724
2020 $5,943 $70,111 $25,387 $44,724
2019 $10,648 $126,000 $25,387 $100,613
2018 $11,951 $142,000 $24,889 $117,111
2017 $13,257 $157,467 $24,889 $132,578
2016 $13,234 $157,467 $24,889 $132,578
2015 $13,976 $166,773 $26,360 $140,413
2014 $13,532 $166,773 $26,360 $140,413
2013 -- $166,773 $26,360 $140,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10715263

Midwest Real Estate Data (MRED)

APN: 14-35-481-018