NOT LISTED FOR SALE

Estimated Value: $169,000 - $208,000

24 Beds
144 Baths
8,700 Sq Ft
$22/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $365,000 $42 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $1,353/month

15 Days on Market

Highlights

  • Brick or Stone Mason
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of February 2021

Here we have 12 2 bedroom, 1 bath units with private basements on each unit with laundry hookups.. All units are occupied currently, with rents ranging from 500 - 650 per month on each unit.. 3 units have been rehabbed, all other units are in fair to average condition. two out of three three buildings got new roofs in 2020. These are a great investment with great profit potential.. Please call right away so we can schedule a viewing...

Last Agent to Sell the Property

Jason Bennett

Jason Bennett, REALTOR License #471020294 Listed on: 01/24/2021

Last Buyer's Agent

Amela Ahmetovic

Keller Williams Realty Signature License #475.193492

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,040

Lot Details

  • 7,841

Parking

  • 12 Car Parking Spaces

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 8,700 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Stove
  • Laundry in unit

Schools

  • District 205-Rfd Elementary And Middle School
  • District 205-Rfd High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 12 Units
  • 1-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,040

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 8700
  • Front: 138
  • General Features: Laundry in Unit, Main Floor Master
  • Legal Description: CITY/MUNI/TWP:ROCKFORD SEC/TWN/RNG/MER:SEC 36 TWN 44 RANGE 1 SYND SUBD PT W 1/2 NE 1/4 SEC 36-44-1LOT 003 BLOCK 023
  • Lvt Date: 01/24/2021
  • Rear: 138
  • Side 1: 474
  • Side 2: 474
  • Style: 1 Story
  • Type: 5+ Units
  • Total Assessed Value: 22000
  • Maintenance Yr: 780
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 12
  • Number Of Units In Bldg: 12
  • Utilities Yr: 4320
  • Agent Only_ L A1 User Code: 110516
  • Elementary School: District 205-RFD
  • Pertinent Facts: Here we have 12 2 bedroom, 1 bath units with private basements on each unit with laundry hookups.. All units are occupied currently, with rents ranging from 500 - 650 per month on each unit.. 3 units have been rehabbed, all other units are in fair to average condition. two out of three three buildings got new roofs in 2020. These are a great investment with great profit potential.. Please call right away so we can schedule a viewing...
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 12

Utilities

  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Tax Info

  • Year: 2020
  • Taxes: 3040

MLS Schools

  • HighSchool: District 205-RFD
  • School District: Rockford 205
  • Middle School: District 205-RFD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Bj Equities Llc
Bought by
Newday Apartments Llc-Elgin
Current Estimated Value
$188,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Outstanding Balance
$443,681
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
-$255,181

Purchase Details

Listed on
Jan 24, 2021
Closed on
Feb 18, 2021
Sold by
Tjs Group Llc
Bought by
Bj Equities Llc
Seller's Agent
Jason Bennett
Jason Bennett, REALTOR
Buyer's Agent
Amela Ahmetovic
Keller Williams Realty Signature
List Price
$400,000
Sold Price
$365,000
Premium/Discount to List
-$35,000
-8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.57%

Purchase Details

Closed on
Jan 28, 2020
Sold by
Lhc Properties Llc
Bought by
Heritage Bt Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2020
Sold by
Lhc Properties Llc
Bought by
Heritage Bt Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2018
Sold by
Shaughnessy Michael J and Shaughnessy Elisa T
Bought by
Lhc Properties Llc
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
Newday Apartments Llc-Elgin $610,000 None Listed On Document
Bj Equities Llc -- Law Office Of Mario J Tarara
Bj Equities Llc -- Law Office Of Mario J Tarara
Heritage Bt Properties Llc $210,000 Dodson Christopher W
Heritage Bt Properties Llc $210,000 None Listed On Document
Lhc Properties Llc -- Title Underwriters Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newday Apartments Llc-Elgin $457,500
Previous Owner Heritage Bt Properties Llc $157,500
Previous Owner Heritage Bt Properties Llc $157,500
Closed Heritage Bt Properties Llc $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2021 02/18/21 Sold $365,000 -8.8% $42 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
02/03/2021 02/03/21 Price Changed $400,000 0.0% $46 / Sq Ft
02/03/2021 02/03/21 For Sale $400,000 +11.1% $46 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/25/2021 01/25/21 Price Changed $360,000 +38.5% $41 / Sq Ft
01/24/2021 01/24/21 For Sale $260,000 -- $30 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $4,529 $47,788 $3,115 $44,673
2023 $4,375 $42,138 $2,747 $39,391
2022 $3,728 $32,633 $2,455 $30,178
2021 $3,667 $29,922 $2,251 $27,671
2020 $3,637 $28,287 $2,128 $26,159
2019 $3,612 $26,960 $2,028 $24,932
2018 $3,638 $25,407 $1,911 $23,496
2017 $3,607 $24,315 $1,829 $22,486
2016 $3,604 $23,860 $1,795 $22,065
2015 $3,650 $23,860 $1,795 $22,065
2014 $3,550 $23,862 $2,245 $21,617
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202100078

NorthWest Illinois Alliance of REALTORS®

APN: 11-36-261-004