NOT LISTED FOR SALE

219 N Ford St Marengo, IL 60152

14 Beds
8 Baths
-- Sq Ft
0.39 Acres

Last Sold February 01, 2022

Last sale price $616,000

96 Days on Market

Highlights

  • 7 Fireplaces
  • Central Air
  • 5-minute walk to Calvin Spencer Park
  • Courtyard
  • Heating Available

About This Home

As of February 2022

RETIRING OWNERS HAVE OWNED FOR MANY YEARS. ALL UNITS HAVE FIREPLACES, 2BD, 2BATH, LL FR, EAT IN KITCHENS, TENANTS PAY ELECTRIC, WATER NOT SEPERATED OUT YET SO BUILDING PAYS. XLNT OPERTUNITY FOR SAVVY OR NEW INVESTOR. ALL UNITS RENTS BELOW MARKET AND ROOM FOR INCREASES, OR READY TO TURN CONDO GREAT BUILDING AND LOCATION, ALSO AVAILABLE WITH 3UNIT NEXT DOOR OFFERED AT $276000 AGENTS/ BROKERS AND ALL PROSPECTS INSTRUCTED NOT TO DISTURB ANY TENANTS BE PROFESSIONAL.. OFFER VERBALLY ACCEPTED/ PAPERWORK PENDING. MAKE OFFER ON 3 UNIT

Last Agent to Sell the Property

Nicholas Tabick

RE/MAX Suburban License #475138167 Listed on: 07/03/2021

RE/MAX Suburban

Last Buyer's Agent

Darlene Barnas

RE/MAX Advantage Realty License #471004428

RE/MAX Advantage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,500

Year Built

  • Built in 1975

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Dimensions are 132x131

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • 7 Fireplaces

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $1,000
  • Water Sewer Expense $500
  • Operating Expense $14,500
  • Gross Income $79,800
  • Net Operating Income $64,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,500

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required,Other-See Remarks,No Sign on Property,Highly Confidential
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 14
  • Fireplaces: 7
  • Possible Use: Condominium, Development, Multi-Family, Single Family
  • Fireplaces: 7
  • Refrigerators: 7
  • Number of Washers: 7
  • Room: 6
  • Room: 6
  • Room: 6

Exterior Features

  • Construction Materials: Brick, Block, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Public Road, Paved
  • List Price: 644000
  • Roof: Composition, Fiberglass
  • Exterior Building Type: Brick,Frame,Block
  • Roof Structure: Hip,Truss
  • Misc Outside: Courtyard,Security Lighting,Storms and Screens (as exist),Other

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Central Air
  • Utilities: Sanitary Sewer, Sewer-Storm Available, Water-Municipal
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 500
  • Janitor Expense: 00

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 132X131
  • Lot Size Sq Ft: 16988
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 64000
  • Insurance Expense: 1000
  • GrossIncome: 79800
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 14500
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 14500
  • Tax Year: 2020

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2022 02/01/22 Sold $616,000 -4.3% --
10/08/2021 10/08/21 Pending -- -- --
10/08/2021 10/08/21 For Sale -- -- --
09/14/2021 09/14/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $644,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicholas Tabick

    Seller's Agent in 2022

    Nicholas Tabick

    RE/MAX Suburban

    (847) 254-9654

    3 in this area

    38 Total Sales

    Nicholas Tabick
    Section Image
  • Darlene Barnas

    Buyer's Agent in 2022

    Darlene Barnas

    RE/MAX

    (815) 354-6551

    2 in this area

    51 Total Sales

    Darlene Barnas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116190

Midwest Real Estate Data (MRED)
Illinois McHenry County Marengo 60152

219 N Ford St, Marengo, IL

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