NOT LISTED FOR SALE

223 S 2nd St Dekalb, IL 60115

Estimated Value: $282,000 - $387,000

10 Beds
7 Baths
3,420 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $161,000 $47 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,621/month

357 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • 4-minute walk to Huntley Park
  • Forced Air Heating and Cooling System

About This Home

As of May 2016

WOW! 5 units for under $170,000. Great return on investment and potential for greater return with a few simple changes. Easy to rent property located only 2 blocks from downtown and close to bus stop. Good rental history. Private off street parking. Main building has 4 units and unit in back is a stand alone unit.

Last Agent to Sell the Property

Tom Vierig

Castle View Real Estate License #471017067 Listed on: 03/23/2015

Last Buyer's Agent

Dennis Maakestad

Century 21 Circle License #475127359

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1894

Lot Details

  • 10,296 Sq Ft Lot
  • Lot Dimensions are 66 x 156

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction

Interior Spaces

  • 3,420 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $3,550
  • Fuel Expense $2,308
  • Insurance Expense $2,621
  • Maintenance Expense $3,558
  • Other Expense $4,791
  • Trash Expense $551
  • Water Sewer Expense $1,267
  • Operating Expense $28,413
  • Gross Income $46,080
  • Net Operating Income $14,692

Property Details

Home Type

Multi-Family

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Four Plus One
  • Stories: 2
  • Year Built: 1894
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 10
  • Fireplaces: 1
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 0
  • Number of Washers: 1
  • Room: 2
  • Room: 4
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • List Price: 169900

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 551
  • Water Sewer Expenses: 1267
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 66 X 156
  • Lot Size Sq Ft: 10296
  • Zoning: OTHER

Rental Info

  • Tenant Pays: Other
  • Board Number: 19

Building Info

  • BuildingAreaTotal: 3420

Multi Family

  • Net Operating Income: 14692
  • Fuel Expense: 2308
  • Insurance Expense: 2621
  • ElectricExpense: 3550
  • GrossIncome: 46080
  • Maintenance Expense: 3558
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 28413
  • Expense Year: 2014
  • Type Multi-Family: Four Plus One

Tax Info

  • Tax Annual Amount: 9761.98
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2015
Closed on
May 4, 2016
Sold by
Heartland Bank & Trust Co
Bought by
Cdop Properties Llc
Seller's Agent
Tom Vierig
Castle View Real Estate
Buyer's Agent
Dennis Maakestad
Century 21 Circle
List Price
$269,500
Sold Price
$161,000
Premium/Discount to List
-$108,500
-40.26%
Current Estimated Value
$337,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,251
Avg. Annual Appreciation
7.87%
Original Mortgage
$128,800
Outstanding Balance
$103,681
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$224,349
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Cdop Properties Llc $161,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cdop Properties Llc $128,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $161,000 -40.3% $47 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
03/23/2015 03/23/15 For Sale $269,500 -- $79 / Sq Ft
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 $10,000 $121,835 $10,198 $111,637
2023 $10,000 $106,230 $8,892 $97,338
2022 $9,801 $96,987 $10,148 $86,839
2021 $10,066 $90,965 $9,518 $81,447
2020 $10,294 $89,515 $9,366 $80,149
2019 $10,092 $85,998 $8,998 $77,000
2018 $9,854 $83,082 $8,693 $74,389
2017 $9,948 $79,863 $8,356 $71,507
2016 $9,838 $77,847 $8,145 $69,702
2015 -- $73,760 $7,717 $66,043
2014 -- $74,709 $11,166 $63,543
2013 -- $78,476 $11,729 $66,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08869296

Midwest Real Estate Data (MRED)

APN: 08-22-428-006