NOT LISTED FOR SALE

225 S Morrison Ave Collinsville, IL 62234

Estimated Value: $44,000 - $263,903

Studio
4 Baths
4,104 Sq Ft
$38/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $28,000 $7 Per Sq Ft

Est. 450% increase in value since last sale

Current estimated payment $1,083/month

118 Days on Market

About This Home

As of November 2019

This property is being sold as is. The exterior of the duplex is brick and there is a large warehouse attached on the rear. This property was primarily used for warehouse space with a special use zoning permit in the city. Zoning must revert back to its original multifamily status that is similar to the surrounding properties. Please use extreme caution when viewing this property. It may well be a teardown. Each side of the duplex consists of approximately 1600 Sq.ft. & has 3 bedrooms and 2 baths with a bathroom on each level. There are two basements under the main building. By this I mean there is a basement over the top of another basement which leads to the storage area in the back. Buyers to verify all information and MLS data as it is gathered from various sources and is not warranted.

Last Agent to Sell the Property

Jim Reppell

RE/MAX Alliance License #475125734 Listed on: 06/28/2019

RE/MAX Alliance

Last Buyer's Agent

Craig Ziegel

eXp Realty License #475128729

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 15,464 Sq Ft Lot
  • Lot Dimensions are 100x154.5

Parking

  • Over 1 Space Per Unit

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • Storage Room
  • Basement

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 13-2-21-34-09-101-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0.36 Acres

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Collinsville
  • Special Description: No Exemptions
  • Age: 99
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Storage Room Avail
  • Square Footage Unknown: Yes

Exterior Features

  • Construction: Brick Veneer Predom

Garage/Parking

  • Parking: More Than 1 Spc/Unit

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Gas
  • Heating: Forced Air, Radiator(s)

Lot Info

  • Lot Dimensions: 100X154.5
  • Lot Sq Ft: 15464
  • Acres: 0.3550

Rental Info

  • Tenancy Type: 1 or More Vacant

Multi Family

  • Units: 1
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 2489
  • Assessor Parcel Number: 13-2-21-34-09-101-002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Patterson Herbert
Bought by
Professional Development & Investment Gr
Current Estimated Value
$153,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,261
Outstanding Balance
$157,984
Interest Rate
6.69%
Mortgage Type
Commercial
Estimated Equity
-$4,008

Purchase Details

Listed on
Jun 28, 2019
Closed on
Nov 26, 2019
Sold by
Fredman Bros Furniture Co Inc
Bought by
Patterson Herbert
Seller's Agent
Jim Reppell
RE/MAX Alliance
Buyer's Agent
Craig Ziegel
eXp Realty
List Price
$40,000
Sold Price
$28,000
Premium/Discount to List
-$12,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.85%
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
Professional Development & Investment Gr -- Town & Country Title Co
Patterson Herbert $28,000 Abstracts & Titles
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Professional Development & Investment Gr $159,261
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2019 11/27/19 Sold $28,000 -6.7% $7 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
10/17/2019 10/17/19 Price Changed $30,000 -25.0% $7 / Sq Ft
06/28/2019 06/28/19 For Sale $40,000 -- $10 / Sq Ft
Source: MARIS MLS

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 $3,117 $48,760 $6,940 $41,820
2023 $3,117 $45,130 $6,420 $38,710
2022 $2,970 $41,740 $5,940 $35,800
2021 $2,708 $39,210 $5,580 $33,630
2020 $2,611 $37,410 $5,320 $32,090
2019 $2,542 $36,130 $5,140 $30,990
2018 $2,484 $34,230 $4,870 $29,360
2017 $2,489 $33,550 $4,770 $28,780
2016 $617 $7,890 $510 $7,380
2015 $576 $7,690 $500 $7,190
2014 $576 $7,690 $500 $7,190
2013 $576 $7,690 $500 $7,190
Source: Public Records

Agents Affiliated with this Home

  • Jim Reppell

    Seller's Agent in 2019

    Jim Reppell

    RE/MAX

    (618) 656-2111

    14 in this area

    89 Total Sales

    Jim Reppell
    Section Image
  • Craig Ziegel

    Buyer's Agent in 2019

    Craig Ziegel

    eXp Realty

    (618) 719-4543

    5 in this area

    229 Total Sales

    Craig Ziegel
    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS19038133

MARIS MLS

APN: 13-2-21-34-09-101-002

Illinois Madison County Collinsville 62234

225 S Morrison Ave, Collinsville, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MARIS MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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