NOT LISTED FOR SALE

2350 N Kickapoo St Lincoln, IL 62656

Estimated Value: $131,000 - $321,000

8 Beds
8 Baths
5,376 Sq Ft
$48/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $240,000 $45 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,941/month

2 Days on Market

About This Home

As of October 2021

Excellent Investment Opportunity! Each townhouse has 2 beds & full bath up, with eat-in kitchen, laundry and .5 bath down. 4/6 units remodeled and are already at market condition (other two units have long-term tenants). All new energy efficient windows in all 6 units. Updated landscaping, new roof on both buildings (2017, 2018). Front building includes all new vinyl siding, fascia, soffits, gutters, and gutter rain guards - virtually maintenance free. Some updates in remodeled units feature new high-grade vinyl flooring, new high resolution countertops, new trim, new cabinets, new vanities, new/newer carpet, new doors, etc. All units currently rented at $625/month, $525/month, $590/month, $530/month, $625/month, $560/month. Tenants pay all utilities except for sewer and garbage (seller paid). Owner has done majority of needed updates. New owner can lease as is and units will cash flow or could opt for more updates to drive to full cash flow potential. Easy access to I55.

Last Agent to Sell the Property

Dana Hudson

IN BETWEEN OFFICES License #471005156 Listed on: 09/14/2021

Last Buyer's Agent

Jay Gaydosh

IN BETWEEN OFFICES License #475189287

IN BETWEEN OFFICES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,107

Year Built

  • Built in 1974

Lot Details

  • 0.39

Home Design

  • Slab Foundation

Schools

  • Chester-East Lincoln Elementary School
  • District #117 Lincoln High School

Utilities

  • High Speed Internet

Listing and Financial Details

  • Tenant pays for electric only, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,107

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Other Style
  • Legal Description: 8-3869 Lot 13 Lincolnwood Estates - 1st Plat
  • Lvt Date: 09/14/2021
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Hi-Speed Internet Availbl
  • Number Dish Washers: 6
  • Number of Ranges: 6
  • Number Refrigerators: 6
  • Basement: Slab
  • Price Per Sq Ft: 44.64
  • Total Sq Ft: 5376

Exterior Features

  • Exterior: Brick, Vinyl Siding, Wood Siding
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Number Parking Spaces: 12

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air, Water Heater - Electric
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 894
  • Laundry Facilities: Units Hook-Ups

Schools

  • Elementary School: Chester-East Lincoln
  • High School: District #117 Lincoln

Lot Info

  • Estimated Lot Size: 100x150 & 10 x 150
  • Lot Description: Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only, Water

Tax Info

  • Annual Taxes: 6107.12
  • Parcel Id Number Tax Id: 08480013002020
  • Tax Year: 2020

Multi Family

  • Total Number Units: 6
  • Gross Annual Income: 725
  • Total Number Central Air Units: 6
  • Total Number Electric Meters: 6
  • Total Number Heating Units: 6
  • Total Number Water Heaters: 6
  • Total Number Water Meters: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Oct 20, 2021
Sold by
Tk24 Llc
Bought by
Huston Chase A
Seller's Agent
Dana Hudson
IN BETWEEN OFFICES
Buyer's Agent
Jay Gaydosh
IN BETWEEN OFFICES
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$256,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,846
Avg. Annual Appreciation
1.66%
Original Mortgage
$192,000
Outstanding Balance
$175,086
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$81,760

Purchase Details

Listed on
May 22, 2017
Closed on
May 30, 2018
Sold by
Jgm Properties Llc
Bought by
Tk24 Llc
List Price
$205,500
Sold Price
$150,000
Premium/Discount to List
-$55,500
-27.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.87%
Original Mortgage
$120,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2004
Bought by
Jgm Properties Llc
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
Huston Chase A $240,000 None Available
Tk24 Llc $150,000 None Available
Jgm Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huston Chase A $192,000
Previous Owner Tk24 Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2021 10/20/21 Sold $240,000 -4.0% $45 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $250,000 +66.7% $47 / Sq Ft
05/30/2018 05/30/18 Sold $150,000 -27.0% $27 / Sq Ft View Prior Sale
04/28/2018 04/28/18 Pending -- -- --
05/22/2017 05/22/17 For Sale $205,500 -- $37 / Sq Ft
Source: RMLS Alliance

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 $7,025 $82,010 $14,990 $67,020
2023 $6,630 $75,940 $13,880 $62,060
2022 $6,369 $70,970 $12,970 $58,000
2021 $6,160 $68,130 $12,450 $55,680
2020 $6,107 $67,130 $12,270 $54,860
2019 $5,988 $65,810 $12,030 $53,780
2018 $5,942 $64,520 $11,790 $52,730
2017 $5,952 $64,520 $11,790 $52,730
2016 $5,913 $64,460 $11,780 $52,680
2015 $5,557 $62,300 $11,390 $50,910
2014 $5,557 $62,300 $11,390 $50,910
2013 $5,557 $59,130 $10,810 $48,320
2012 $5,557 $60,190 $11,000 $49,190
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dana Hudson

    IN BETWEEN OFFICES

    Section Image

  • J

    Buyer's Agent in 2021

    Jay Gaydosh

    IN BETWEEN OFFICES

    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1009888

RMLS Alliance

APN: 08-480-013-00

Illinois Logan County Lincoln 62656

2350 N Kickapoo St, Lincoln, IL

Not Listed for Sale

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