NOT LISTED FOR SALE

221 E Franklin St Irving, IL 62051

Estimated Value: $56,698 - $108,000

-- Bed
-- Bath
3,729 Sq Ft
$20/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $15,000 $4 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $464/month

1,386 Days on Market

About This Home

As of January 2021

Great Investment Opportunity! 3 Unit apartment Building with a separate cottage and a detached garage/storage shed on 3 lots with a corner location. There are 2 - 2 bedroom units and 1- 3 bedroom unit plus a small cottage. All units are currently vacant. All Units have their own meters. City water, gas and sewer. If you are looking for an investment, this property could be it! With some work, these units have the potential of bringing in good rents.

Last Agent to Sell the Property

Jack Tosetti

Tosetti & Associates License #471000233 Listed on: 03/30/2017

Last Buyer's Agent

Jack Tosetti

Tosetti & Associates License #471000233 Listed on: 03/30/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $737

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 150' x 140'

Home Design

  • 3,729 Sq Ft Home
  • Triplex
  • Asbestos Shingle Roof

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Hillsboro Dist 3 Elementary And Middle School
  • Hillsboro Community High Schoo

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 12-22-428-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$737

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Ownership: Private
  • Year Built Exception: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement
  • Square Footage: 3729

Exterior Features

  • Construction: Asbestos Shingle

Garage/Parking

  • Parking: Off Street, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Heating: Forced Air

Schools

  • School District: HILLSBORO DIST 3
  • Elementary School: HILLSBORO DIST 3
  • Middle School: HILLSBORO DIST 3
  • High School: Hillsboro Community High Schoo
  • Elementary School: HILLSBORO DIST 3
  • Junior High School: HILLSBORO DIST 3
  • School District: HILLSBORO DIST 3
  • Senior High School: Hillsboro Community High Schoo

Lot Info

  • Lot Dimensions: 150' x 140'
  • Lot Sq Ft: 21170
  • Acres: 0.4860

Rental Info

  • Tenancy Type: None
  • Tenant Pays: All Utilities

Multi Family

  • Units: 3
  • Type Of Units: 3-Family

Tax Info

  • Taxes Paid: 1397
  • Assessor Parcel Number: 12-22-428-012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2017
Closed on
Jan 19, 2021
Sold by
Security National Bank
Bought by
Dossett Jeffrey C and White Jodi M
Seller's Agent
Jack Tosetti
Tosetti & Associates
Buyer's Agent
Jack Tosetti
Tosetti & Associates
List Price
$79,900
Sold Price
$15,000
Premium/Discount to List
-$64,900
-81.23%
Current Estimated Value
$75,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,925
Avg. Annual Appreciation
41.20%

Purchase Details

Closed on
Sep 11, 2020
Sold by
Alexis Alex
Bought by
Security National Bank

Purchase Details

Closed on
Apr 23, 2015
Sold by
Alex Eric
Bought by
Alexis Alex

Purchase Details

Closed on
Apr 7, 2006
Sold by
Ervin Edward E and Ervin Lisa J
Bought by
Alexis Eric
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 Buyer Sale Price Title Company
Dossett Jeffrey C $15,000 None Available
Security National Bank -- None Available
Security National Bank -- None Available
Alexis Alex $40,000 --
Alexis Eric $28,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $15,000 -16.7% $4 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $18,000 -34.5% $5 / Sq Ft
09/21/2020 09/21/20 Price Changed $27,500 -21.4% $7 / Sq Ft
07/06/2020 07/06/20 Price Changed $35,000 -49.9% $9 / Sq Ft
09/05/2017 09/05/17 Price Changed $69,900 -12.5% $19 / Sq Ft
03/30/2017 03/30/17 For Sale $79,900 -- $21 / 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 $737 $15,570 $4,610 $10,960
2023 $705 $14,690 $4,350 $10,340
2022 $661 $14,050 $4,160 $9,890
2021 $1,106 $13,160 $3,900 $9,260
2020 $1,560 $18,340 $3,690 $14,650
2019 $1,538 $17,790 $3,580 $14,210
2018 $1,463 $16,930 $3,410 $13,520
2017 $1,435 $16,320 $3,290 $13,030
2016 $1,397 $15,960 $3,220 $12,740
2015 $1,369 $16,020 $3,230 $12,790
2013 -- $15,930 $3,210 $12,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS17025689

MARIS MLS

APN: 12-22-428-012