NOT LISTED FOR SALE

2157 Scheel St Belleville, IL 62221

Estimated Value: $231,000 - $276,000

Studio
2 Baths
4,096 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $224,167 $55 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,831/month

About This Home

As of June 2023

Four unit apartment in East Belleville. Each unit is all electric and has 2 bedrooms and 1 and a half baths. Rents are 735,760,850 and 730. Owner pays water and sewer. Plenty of off street parking. Sold before print!

Last Agent to Sell the Property

Gary Johnston

Johnston Realty, Inc. License #471004014 Listed on: 06/09/2023

Last Buyer's Agent

Gary Johnston

Johnston Realty, Inc. License #471004014 Listed on: 06/09/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 100x120

Parking

  • Off-Street Parking

Home Design

  • 4,096 Sq Ft Home
  • Quadruplex
  • Brick Veneer
  • Vinyl Siding

Schools

  • Belleville Dist 118 Elementary And Middle School
  • Belleville High School-East

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 08-14.0-304-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: West Blvd
  • Municipality Township: Belleville
  • Special Description: No Exemptions
  • Age: 39
  • Ownership: Private
  • Year Built: 1984
  • Directions: West Blvd to Scheel
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 4096

Exterior Features

  • Construction: Brick Veneer Decrtv, Vinyl Siding

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: BELLEVILLE DIST 118
  • Junior High School: BELLEVILLE DIST 118
  • School District: Belleville DIST 118
  • Senior High School: Belleville High School-East

Lot Info

  • Lot Dimensions: 100x120
  • Lot Number: 43
  • Lot Sq Ft: 12153
  • Acres: 0.2790

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 36900.00
  • Units: 1
  • Total Expenses: 9546.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 5347
  • Assessor Parcel Number: 08-14.0-304-024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jun 6, 2023
Sold by
Bouse Fiudo Llc
Bought by
Bouse Properties Llc
Seller's Agent
Gary Johnston
Johnston Realty, Inc.
Buyer's Agent
Gary Johnston
Johnston Realty, Inc.
List Price
$224,167
Sold Price
$224,167
Views
3
Current Estimated Value
$256,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,849
Avg. Annual Appreciation
5.22%
Original Mortgage
$1,135,000
Outstanding Balance
$1,104,871
Interest Rate
6.43%
Mortgage Type
Commercial
Estimated Equity
-$848,855

Purchase Details

Listed on
Oct 31, 2018
Closed on
Oct 30, 2018
Sold by
Mro Properties Llc
Bought by
Bouse Fiudo Llc
Seller's Agent
Gary Johnston
Johnston Realty, Inc.
Buyer's Agent
Gary Johnston
Johnston Realty, Inc.
List Price
$213,000
Sold Price
$213,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%
Original Mortgage
$170,400
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Mro 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
$350,000
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2001
Sold by
Union Planters Bank Na
Bought by
West Pointe Bank & Trust Company and Land Trust #85-00-0383-31
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bouse Properties Llc $1,299,500 First American Title
Bouse Fiudo Llc $213,000 Illinois Title & Escrow
Mro Properties Llc $350,000 Chicago Title Land Trust Co
West Pointe Bank & Trust Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bouse Properties Llc $1,135,000
Previous Owner Bouse Fiudo Llc $170,400
Previous Owner Mro Properties Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2023 06/09/23 Sold $224,167 0.0% $55 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $224,167 +5.2% $55 / Sq Ft
10/31/2018 10/31/18 Sold $213,000 0.0% $52 / Sq Ft View Prior Sale
10/31/2018 10/31/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $213,000 -- $52 / 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
2024 $6,064 $68,961 $7,745 $61,216
2023 $6,049 $64,438 $7,591 $56,847
2022 $5,552 $58,011 $6,834 $51,177
2021 $5,347 $53,630 $6,318 $47,312
2020 $5,197 $50,716 $5,975 $44,741
2019 $4,730 $45,655 $6,284 $39,371
2018 $4,625 $44,668 $6,148 $38,520
2017 $4,589 $44,354 $6,105 $38,249
2016 $4,531 $43,412 $5,975 $37,437
2014 $4,576 $49,486 $6,766 $42,720
2013 $4,528 $50,194 $6,863 $43,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23032982

MARIS MLS

APN: 08-14.0-304-024