$600,000
SOLD MAR 5, 2025

216 S Jefferson St Woodstock, IL 60098

-- Bed
-- Bath
-- Sq Ft
4,900 Sq Ft Lot

Recently Sold

14% Below List Price

61 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 2-minute walk to Woodstock Square
  • Creekside Middle School Rated A-

About This Home

As of March 2025

Tremendous opportunity to own a seven unit apartment building with gorgeous vintage features and very strong cash flow in a location that's just blocks from the historic and picturesque Woodstock Town Square. This building is always easy to rent due to its convenience to the center of town and easy access to the Metra stop. The unit mix of (4) large two bedroom units and (3) one bedroom units fall within a very desirable rental range. Plus the tenants pay their own heat! The Woodstock Town Square area is undergoing major public and private investment and the desirability of living in this location will grow dramatically over the next few years, greatly boosting its future value from both a rental and investment standpoint. This building is already attractively priced at a 7 CAP, so that all of the growth over the next few years will be pure gravy.

Last Agent to Sell the Property

Tyler Lewke

Keller Williams Success Realty License #471002170 Listed on: 11/04/2024

Keller Williams Success Realty

Co-Listed By

Annette Dunn

Keller Williams Success Realty License #475175702

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,238

Year Built

  • Built in 1912

Lot Details

  • 4,900 Sq Ft Lot
  • Lot Dimensions are 57 x 94

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Rough-In Basement Bathroom
  • Laundry Room

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Gross Income $83,400
  • Net Operating Income $48,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,238

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1912
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Finished,Bathroom Rough-In
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 2
  • Dishwashers: 2
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 699000
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 57 X 94
  • Lot Size Sq Ft: 4900
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 3

Multi Family

  • Net Operating Income: 48425
  • GrossIncome: 83400
  • NumberOfUnitsTotal: 7
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 13238
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2018
Closed on
Dec 14, 2018
Sold by
Chicago Titke Land Trust
Bought by
Msacu Real Estate Inc
Seller's Agent
Peter Klocek
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Clancy Green
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$499,900
Sold Price
$405,000
Premium/Discount to List
-$94,900
-18.98%
Current Estimated Value
$589,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,438
Avg. Annual Appreciation
5.72%
Original Mortgage
$298,694
Interest Rate
5.5%
Mortgage Type
Commercial
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
Deed $390,000 Strack Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $298,694 Commercial
Previous Owner $400,000 Commercial
Previous Owner $400,000 Commercial
Previous Owner $330,000 Commercial
Previous Owner $201,015 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $600,000 -14.2% --
01/05/2025 01/05/25 Pending -- -- --
12/27/2024 12/27/24 For Sale $699,000 0.0% --
12/11/2024 12/11/24 Pending -- -- --
11/15/2024 11/15/24 For Sale $699,000 0.0% --
11/12/2024 11/12/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $699,000 +72.6% --
12/14/2018 12/14/18 Sold $405,000 -5.8% --
10/08/2018 10/08/18 Pending -- -- --
08/03/2018 08/03/18 Price Changed $429,900 -6.5% --
07/13/2018 07/13/18 Price Changed $459,900 -8.0% --
06/16/2018 06/16/18 For Sale $499,900 -- --
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 $13,788 $149,649 $8,326 $141,323
2023 $13,239 $135,331 $7,529 $127,802
2022 $12,383 $120,102 $6,682 $113,420
2021 $11,842 $112,213 $6,243 $105,970
2020 $11,456 $106,626 $5,932 $100,694
2019 $11,166 $101,781 $5,662 $96,119
2018 $9,841 $88,292 $6,459 $81,833
2017 $9,719 $83,098 $6,079 $77,019
2016 $9,711 $76,943 $5,629 $71,314
2013 -- $93,793 $7,225 $86,568
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12198220

Midwest Real Estate Data (MRED)

APN: 13-05-382-009