NOT LISTED FOR SALE

224 E 3rd St Waterloo, IL 62298

Estimated Value: $484,341

-- Bed
-- Bath
-- Sq Ft
0.56 Acres

Last Sold March 15, 2023

Last sale price $385,000

Est. 26% increase in value since last sale

Current estimated payment $2,852/month

31 Days on Market

About This Home

As of March 2023

Rare Investment Opportunity! This well maintained 4-unit building located in the heart of Waterloo has been easy to keep occupied! Building offers four 2-bedroom apartments and a space for potential small office suite for extra income potential. Information contained herein is from sources believed reliable. However, Buyer and buyer's agent to verify all MLS information.

Last Agent to Sell the Property

Scott Miller

SGM Realty, LLC License #471021653 Listed on: 01/22/2023

Last Buyer's Agent

Monica Schmidt

eXp Realty License #475172686

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,411

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 155x159

Parking

  • Off-Street Parking

Home Design

  • Quadruplex

Schools

  • Waterloo Dist 5 Elementary And Middle School
  • Waterloo High School

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 07-25-282-010-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,411

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Year Built Exception: Unknown
  • Directions: IL-3 to N Market St to E 3rd
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage Unknown: Yes

Garage/Parking

  • Parking: Off Street

Utilities

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

Schools

  • School District: Waterloo DIST 5
  • Elementary School: WATERLOO DIST 5
  • Middle School: WATERLOO DIST 5
  • High School: Waterloo
  • Elementary School: WATERLOO DIST 5
  • Junior High School: WATERLOO DIST 5
  • School District: Waterloo DIST 5
  • Senior High School: Waterloo

Lot Info

  • Lot Dimensions: 155x159
  • Lot Sq Ft: 24407
  • Acres: 0.5603

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 47280.00
  • Units: 4
  • Total Expenses: 14729.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 3528
  • Assessor Parcel Number: 07-25-282-010-000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Mar 15, 2023
Sold by
Fireball 1960 Llc 3
Bought by
M & J Schmidt Investments Llc
Seller's Agent
Scott Miller
SGM Realty, LLC
Buyer's Agent
Monica Schmidt
eXp Realty
List Price
$369,000
Sold Price
$385,000
Premium/Discount to List
$16,000
4.34%
Views
16
Current Estimated Value
$484,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,341
Avg. Annual Appreciation
9.42%
Original Mortgage
$327,250
Outstanding Balance
$316,902
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$167,439

Purchase Details

Listed on
Jan 22, 2023
Closed on
Mar 13, 2023
Sold by
Fireball 1960 Llc 3
Bought by
M & J Schmidt Investments Llc
Seller's Agent
Scott Miller
SGM Realty, LLC
Buyer's Agent
Monica Schmidt
eXp Realty
List Price
$369,000
Sold Price
$385,000
Premium/Discount to List
$16,000
4.34%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,250
Outstanding Balance
$316,902
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$167,439
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
M & J Schmidt Investments Llc $385,000 Accent Title
M & J Schmidt Investments Llc $385,000 Accent Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & J Schmidt Investments Llc $327,250
Closed M & J Schmidt Investments Llc $327,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $385,000 +4.3% --
02/23/2023 02/23/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $369,000 -- --
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 $3,411 $57,620 $15,989 $41,631
2023 $3,420 $54,570 $15,140 $39,430
2022 $0 $54,170 $15,140 $39,030
2021 $3,528 $54,170 $15,140 $39,030
2020 $3,616 $54,180 $15,140 $39,040
2019 $3,655 $54,180 $15,140 $39,040
2018 $3,762 $54,180 $15,140 $39,040
2017 $3,659 $55,156 $15,413 $39,743
2016 $0 $54,190 $15,140 $39,050
2015 $3,596 $54,190 $15,140 $39,050
2014 $3,460 $54,190 $15,140 $39,050
2012 -- $54,190 $15,140 $39,050
Source: Public Records

Agents Affiliated with this Home

  • Scott Miller

    Seller's Agent in 2023

    Scott Miller

    SGM Realty, LLC

    (618) 575-0378

    23 Total Sales

    Scott Miller
    Section Image
  • Monica Schmidt

    Buyer's Agent in 2023

    Monica Schmidt

    eXp Realty

    (618) 567-9203

    320 Total Sales

    Monica Schmidt
    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS23003418

MARIS MLS

APN: 07-25-282-010-000

Illinois Monroe County Waterloo 62298

224 E 3rd St, Waterloo, IL

This home is located at 224 E 3rd St, Waterloo, IL 62298 since 22 January 2023 and is currently estimated at $484,341. 224 E 3rd St is a home located in Monroe County with nearby schools including W J Zahnow Elementary School, Gardner Elementary School, and Rogers Elementary School.

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