Seller's Agent in 2021
Steve Merritt
eXp Realty
(630) 202-2700
2 in this area
181 Total Sales
232 W Downer Place Aurora, IL 60506
Near West Galena NeighborhoodEstimated Value: $440,000 - $565,956
8
Beds
8
Baths
--
Sq Ft
0.35
Acres
About This Home
As of December 2021EXTREMELY RARE TO THE MARKET FULLY RENTED 8 UNIT WITH VALUE ADD POTENTIAL. 8 X 1 BEDROOM UNITS WITH POSSIBLE 9TH UNIT IN THE BASEMENT. OWNER PAYS HEAT, COMMON ELECTRIC AND WATER. TENANT PAYS ELECTRIC, HOT WATER AND COOKING GAS. ROOM FOR RENTS TO BE RAISED. MOST ON MONTH TO MONTH LEASES. THE PROPERTY IS WITHIN BLOCKS OF DOWNTOWN AURORA, THE PARAMOUNT THEATER, HOLLYWOOD CASINO, KA DANCE STUDIO, WYCKWOOD HOUSE, METRA TRAIN STATION, RESTAURANTS, SHOPPING AND MORE...
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,850
Year Built
- Built in 1925
Lot Details
- 0.35 Acre Lot
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Central Heating
- Radiant Heating System
Listing and Financial Details
- Tenant pays for electricity, hot water
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $500
- Fuel Expense $2,557
- Insurance Expense $4,970
- Maintenance Expense $5,388
- Trash Expense $1,777
- Water Sewer Expense $6,926
- Operating Expense $27,083
- Gross Income $71,640
- Net Operating Income $27,083
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2021
Closed on
Nov 29, 2021
Sold by
Mi O Investments Llc
Bought by
Barrera Properties Llc 232234
Seller's Agent
Steve Merritt
eXp Realty
Buyer's Agent
Fernando Barrera
CM REALTORS®
List Price
$499,900
Sold Price
$420,000
Premium/Discount to List
-$79,900
-15.98%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,978
Avg. Annual Appreciation
6.63%
Purchase Details
Closed on
Jun 14, 2019
Sold by
Fitzpatrick Properties Llc
Bought by
Mfo Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,125
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 15, 2017
Sold by
Skinner Jerry L
Bought by
Fitzpatrick Properties Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Barrera Properties Llc 232234 | $420,000 | Carrington Ttl Partners Llc | |
| Mfo Investments Llc | $437,500 | First American Title | |
| Fitzpatrick Properties Llc | $240,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mfo Investments Llc | $328,125 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/16/2021 12/16/21 | Sold | $420,000 | -16.0% | -- |
| 11/11/2021 11/11/21 | Pending | -- | -- | -- |
| 10/05/2021 10/05/21 | For Sale | $499,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $10,615 | $133,159 | $14,657 | $118,502 |
| 2023 | $10,252 | $118,977 | $13,096 | $105,881 |
| 2022 | $9,671 | $108,556 | $11,949 | $96,607 |
| 2021 | $9,295 | $101,067 | $11,125 | $89,942 |
| 2020 | $8,850 | $93,876 | $10,333 | $83,543 |
| 2019 | $8,532 | $86,650 | $9,574 | $77,076 |
| 2018 | $8,472 | $84,271 | $8,856 | $75,415 |
| 2017 | $10,264 | $99,000 | $8,160 | $90,840 |
| 2016 | $8,954 | $83,616 | $6,995 | $76,621 |
| 2015 | -- | $73,362 | $6,015 | $67,347 |
| 2014 | -- | $68,211 | $5,528 | $62,683 |
| 2013 | -- | $67,073 | $5,282 | $61,791 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Merritt
-
Moe Doleh
Seller Co-Listing Agent in 2021
Moe Doleh
EXIT Strategy Realty
(773) 766-0608
1 in this area
2 Total Sales
-
Fernando Barrera
F
Buyer's Agent in 2021
Fernando Barrera
CM REALTORS®
(630) 306-0287
4 in this area
19 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11238784
APN: 15-21-428-005
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