NOT LISTED FOR SALE

2314 Grand Ave Granite City, IL 62040

Estimated Value: $125,000 - $175,978

-- Bed
1 Bath
2,200 Sq Ft
$66/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $160,000 $73 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,067/month

63 Days on Market

Highlights

  • Storage Room
  • Ceiling Fan
  • Laundry Facilities
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

Back on Market due to buyers financing..This 3 unit (duplex and a single family is a perfect owner occupy income property or just use all three for a great income property. These large units 1,100 sq ft each are like living in your own home for your tenants. The main building has a main floor unit and a separate entry for the large unit upstairs. The 3rd unit is actually a cute separate 1,100 sq for home. Each of the unit has washer, dryer, refrigerator and secured storage in basement. Owner pays: Water, sewer, trash, lawn care and the tenant pay for Electric, cable/internet. Seller is keeping the main unit available for owner occupied or new tenant. Upper unit-tenant signed a 1 -year lease and moved in September 2022 for $700 a month. The single Family home tenant pays $650 a month and a additional $25 for small dog. This lease ends March 31, 2023 (Has been a long-term tenant) then lease rate will go up (Current rent for this type of unit is $750)

Last Agent to Sell the Property

Mandy McGuire

Keller Williams Pinnacle License #475127709 Listed on: 11/02/2022

Keller Williams Pinnacle

Last Buyer's Agent

Monica Buss Lemp

Keller Williams Marquee License #475.184942

Keller Williams Marquee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,358

Year Built

  • Built in 1920

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x 120

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 2,200 Sq Ft Home
  • Ceiling Fan
  • Storage Room
  • Basement

Schools

  • Granite City Dist 9 Elementary And Middle School
  • Granite City High School

Utilities

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

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric
  • Assessor Parcel Number 22-2-20-18-19-401-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,358

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 103
  • Ownership: Private
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Laundry Facility in, Storage Room Avail
  • Square Footage: 2200

Garage/Parking

  • Parking: On Street Parking

Utilities

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

Schools

  • School District: Granite City DIST 9
  • Elementary School: GRANITE CITY DIST 9
  • Middle School: GRANITE CITY DIST 9
  • High School: Granite City
  • Elementary School: GRANITE CITY DIST 9
  • Junior High School: GRANITE CITY DIST 9
  • School District: Granite City DIST 9
  • Senior High School: Granite City

Lot Info

  • Lot Dimensions: 40 x 120
  • Lot Sq Ft: 4800
  • Acres: 0.1102

Rental Info

  • Tenancy Type: 1 or More Vacant, Leases
  • Tenant Pays: Cable TV/Satellite, Electric

Multi Family

  • Gross Operating Income: 24900.00
  • Units: 3
  • Total Expenses: 9011.00
  • Type Of Units: 3-Family

Tax Info

  • Taxes Paid: 3085
  • Assessor Parcel Number: 22-2-20-18-19-401-004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Jan 6, 2023
Sold by
Melmon Properties Llc 2314 Grand
Bought by
Munoz Raul
Seller's Agent
Mandy McGuire
Keller Williams Pinnacle
Buyer's Agent
Monica Buss Lemp
Keller Williams Marquee
List Price
$164,900
Sold Price
$160,000
Premium/Discount to List
-$4,900
-2.97%
Views
39
Current Estimated Value
$144,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,674
Avg. Annual Appreciation
-5.66%
Original Mortgage
$128,000
Outstanding Balance
$124,296
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$12,887

Purchase Details

Listed on
Nov 2, 2022
Closed on
Dec 14, 2022
Sold by
Chicago Title Land Trust Co Trustee
Bought by
Melmon Properties Llc 2314 Grand
Seller's Agent
Mandy McGuire
Keller Williams Pinnacle
Buyer's Agent
Monica Buss Lemp
Keller Williams Marquee
List Price
$164,900
Sold Price
$160,000
Premium/Discount to List
-$4,900
-2.97%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Outstanding Balance
$124,296
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$12,887

Purchase Details

Listed on
Aug 17, 2020
Closed on
Aug 17, 2020
Sold by
Lemp Daniel P and Lemp Monica L
Bought by
Chicago Title Land Trust Co
Seller's Agent
Monica Buss Lemp
Keller Williams Marquee
Buyer's Agent
Monica Buss Lemp
Keller Williams Marquee
List Price
$103,000
Sold Price
$103,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.33%
Original Mortgage
$87,550
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2018
Sold by
Kalkbrenner Quintin Lee and Kalkbrenner Tara Lynne
Bought by
Lemp Daniel P and Lemp Monica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.7%
Mortgage Type
New Conventional
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
Munoz Raul $160,000 Metro Title & Escrow
Melmon Properties Llc 2314 Grand -- Metro Title & Escrow
Chicago Title Land Trust Co $103,000 Chicago Title Land Trust Co
Lemp Daniel P $105,000 Pontoon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munoz Raul $128,000
Previous Owner Chicago Title Land Trust Co $87,550
Previous Owner Lemp Daniel P $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $160,000 -3.0% $73 / Sq Ft
11/02/2022 11/02/22 For Sale $164,900 +60.1% $75 / Sq Ft
08/19/2020 08/19/20 Sold $103,000 0.0% $46 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $103,000 -- $46 / Sq Ft
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 $3,358 $38,530 $2,390 $36,140
2023 $3,358 $34,720 $2,150 $32,570
2022 $3,306 $31,810 $1,970 $29,840
2021 $3,085 $29,830 $1,850 $27,980
2020 $3,014 $28,490 $1,770 $26,720
2019 $2,927 $27,010 $1,680 $25,330
2018 $2,857 $26,220 $1,630 $24,590
2017 $2,803 $27,190 $1,690 $25,500
2016 $2,858 $27,190 $1,690 $25,500
2015 $2,577 $27,190 $1,690 $25,500
2014 $2,577 $27,190 $1,690 $25,500
2013 $2,577 $27,190 $1,690 $25,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS22071067

MARIS MLS

APN: 22-2-20-18-19-401-004