NOT LISTED FOR SALE

225 E 5th St Lockport, IL 60441

Estimated Value: $301,000 - $328,000

4 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold October 25, 2019

Last sale price $202,500

Est. 57% increase in value since last sale

Current estimated payment $2,261/month

20 Days on Market

Highlights

  • 1 Car Detached Garage
  • Milne Grove Elementary School Rated 9+
  • Heating System Uses Steam

About This Home

As of October 2019

Amazing investment opportunity awaits the next shrewd investor. This 2 flat residence has established renters in place. Both the first and second floors features spacious Living Rooms, eat-in Kitchen, two bedrooms and a full bath. Basement has laundry, storage and separate utilities. Don't miss your chance on this excellent 'money-maker' opportunity.

Last Agent to Sell the Property

Dan Arenz

Baird & Warner License #471019712 Listed on: 08/28/2019

Baird & Warner

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,373

Year Built

  • Built in 1927

Lot Details

  • 4,356

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Lockport Township High School

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $23,100
  • Net Operating Income $16,228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,373

Year Built

Built in 1927

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Lake Michigan

Schools

  • High School: Lockport Township High School

Lot Info

  • Lot Dimensions: 4491
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 16228
  • GrossIncome: 23100
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5373
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2019
Closed on
Oct 21, 2019
Sold by
Mercer Investments Inc
Bought by
Agape Investments Llc
Seller's Agent
Dan Arenz
Baird & Warner
Buyer's Agent
Christopher Knollin
Realty Executives Elite
List Price
$229,900
Sold Price
$202,500
Premium/Discount to List
-$27,400
-11.92%
Current Estimated Value
$318,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,799
Avg. Annual Appreciation
7.59%

Purchase Details

Closed on
Dec 19, 2003
Sold by
Parhas Vasiliki and Parhas George
Bought by
Mercer Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,322
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2003
Sold by
Parhas Vasiliki and Parhas Peter
Bought by
Parhas Vasiliki and Parhas George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,920
Interest Rate
6.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 2, 1998
Sold by
Parhas Vasiliki
Bought by
Parhas Vasiliki and Parhas Peter

Purchase Details

Closed on
Nov 6, 1997
Sold by
Yee Wing S and Gee Gong Hee
Bought by
Parhas Vasiliki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,912
Interest Rate
7.42%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Agape Investments Llc $202,500 None Available
Mercer Investments Inc $146,500 --
Parhas Vasiliki -- --
Parhas Vasiliki -- --
Parhas Vasiliki $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mercer Investments Inc $162,322
Previous Owner Parhas Vasiliki $132,920
Previous Owner Parhas Vasiliki $86,912
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2019 10/25/19 Sold $202,500 -11.9% --
09/17/2019 09/17/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $229,900 0.0% --
12/10/2017 12/10/17 Rented $825 0.0% --
11/27/2017 11/27/17 For Rent $825 -- --
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 $7,130 $83,046 $18,364 $64,682
2023 $7,130 $74,554 $16,486 $58,068
2022 $6,402 $69,544 $15,378 $54,166
2021 $6,091 $65,355 $14,452 $50,903
2020 $5,950 $63,206 $13,977 $49,229
2019 $5,674 $59,911 $13,248 $46,663
2018 $5,373 $55,386 $12,248 $43,138
2017 $4,996 $50,274 $11,117 $39,157
2016 $4,727 $46,376 $10,255 $36,121
2015 $4,027 $38,244 $9,119 $29,125
2014 $4,027 $36,773 $8,768 $28,005
2013 $4,027 $37,524 $8,947 $28,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10499731

Midwest Real Estate Data (MRED)

APN: 11-04-23-210-009