NOT LISTED FOR SALE

228 E Oak Cliff Ct Peoria, IL 61614

North Peoria Neighborhood

Estimated Value: $591,794

8 Beds
4 Baths
11,520 Sq Ft
$51/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2016

Last sale price $390,000 $34 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,351 / mo

1445 Days on Market

About This Home

As of February 2016

GREAT INVESTMENT OPPORTUNITY. 11 UNIT APARTMENT BUILDING. NEW ROOF IN 2010. LARGE 2 BEDROOM APARTMENTS. SOME LONG TERM TENANTS. GREAT LOCATION CLOSE TO DOWNTOWN & NORTH PEORIA. EACH UNIT ALWAYS RENTS WITHIN 2 WEEKS OF BECOMING VACANT. JULY 2014 : BRAND NEW HEATING AND A/C SYSTEM INSTALLED IN JULY 2014.

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate License #471.018071 Listed on: 01/25/2012

Last Buyer's Agent

Jackie Hoerr

RE/MAX Traders Unlimited License #475.126678

RE/MAX Traders Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,831

Year Built

  • Built in 1963

Lot Details

  • 0.73

Schools

  • Hines Elementary School
  • Peoria High School

Additional Features

  • Partial Basement
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for no utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,831

Year Built

Built in 1963

Lot Details

0.73 Acres

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: OAK CLIFF SE 1/4 SEC 21-9-8E LOT 6 (98-07029)
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Basement: Partial
  • Price Per Sq Ft: 33.85
  • Total Sq Ft: 11520

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Garage Parking: Carport
  • Number Parking Spaces: 11

Utilities

  • Heating Cooling: Gas, Hot Water
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 2200
  • Gas Expense: 6624
  • Laundry Facilities: Owned Equipment

Schools

  • Elementary School: Hines
  • High School: Peoria High

Lot Info

  • Estimated Lot Size: SEE PLAT
  • Lot Description: Level
  • Subdivision: Oak Cliff
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: No Utilities
  • Gross Annual Rent Income: 81300
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 12831
  • Parcel Id Number Tax Id: 14-21-454-023
  • Tax Year: 2014

Multi Family

  • Total Number Units: 11
  • Gross Annual Income: 81300
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Von Steuben

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Legacy Investment Group Llc
Bought by
Tactical Property Management Llc
Current Estimated Value
$591,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$321,301
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$270,493

Purchase Details

Closed on
Mar 2, 2020
Sold by
Kcb Investments Llc & Kcb Oak Cliff
Bought by
Legacy Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2012
Closed on
Mar 30, 2016
Sold by
Waugh Matthew D
Bought by
Kcb Investments Llc
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Jackie Hoerr
RE/MAX Traders Unlimited
List Price
$449,900
Sold Price
$390,000
Premium/Discount to List
-$59,900
-13.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.19%

Purchase Details

Listed on
Jan 25, 2012
Closed on
Mar 21, 2016
Sold by
Waugh Matthew D
Bought by
Kcb Investments Llc
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Jackie Hoerr
RE/MAX Traders Unlimited
List Price
$449,900
Sold Price
$390,000
Premium/Discount to List
-$59,900
-13.31%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tactical Property Management Llc $605,000 Woodford County Title
Legacy Investment Group Llc $435,000 Kavanagh Scully Sudow White &
Kcb Investments Llc -- Attorney Only
Kcb Investments Llc -- Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tactical Property Management Llc $325,000
Previous Owner Legacy Investment Group Llc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2016 02/24/16 Sold $390,000 -13.3% $34 / Sq Ft
01/09/2016 01/09/16 Pending -- -- --
01/25/2012 01/25/12 For Sale $449,900 -- $39 / Sq Ft
Source: RMLS Alliance

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 $14,565 $161,030 $24,420 $136,610
2023 $13,899 $147,730 $22,400 $125,330
2022 $12,325 $127,770 $19,770 $108,000
2021 $12,702 $127,770 $19,770 $108,000
2020 $12,803 $127,770 $19,770 $108,000
2018 $12,694 $130,340 $20,170 $110,170
2017 $12,692 $131,650 $20,370 $111,280
2016 $13,367 $131,650 $20,370 $111,280
Source: Public Records

Agents Affiliated with this Home

  • Adam Merrick

    Seller's Agent in 2016

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    557 in this area

    3,951 Total Sales

    Adam Merrick
    Section Image
  • Jackie Hoerr

    Buyer's Agent in 2016

    Jackie Hoerr

    RE/MAX

    (309) 339-7198

    5 in this area

    9 Total Sales

    Jackie Hoerr
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1132616

RMLS Alliance

APN: 1421454023

Illinois Peoria County Peoria 61614 North Peoria

228 E Oak Cliff Ct, Peoria, IL

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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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