NOT LISTED FOR SALE

Estimated Value: $206,000 - $261,000

3 Beds
5 Baths
-- Sq Ft
7,231 Sq Ft Lot

Last Sold August 15, 2022

Last sale price $295,000

Est. 18% decrease in value since last sale

Current estimated payment $1,549/month

73 Days on Market

About This Home

As of August 2022

BEST DEAL IN TOWN BUY ONE GET THREE FREE! This is one of Zion's most unique properties. Owned for the last 70 plus years by the same family and on the market for the first time. These homes are rich in history and have been meticulously maintained. This could be an amazing family compound or dynamic investment. The property consists of one main house, 3 rentals (long term vetted tenants) and a 1800 SF shop/could be an additional garage. According to City of Zion's building department Shop can be used as a place of business or one large garage. All details on listing are for the main house. Please call agents with any questions.

Last Agent to Sell the Property

Deborah Leable

Cornerstone Realty Group, LLC License #471014608 Listed on: 04/08/2022

Co-Listed By

Larry Stephens

Cornerstone Realty Group, LLC License #475144812

Last Buyer's Agent

Paul Proano

Coldwell Banker Commercial NRT License #475170890

Coldwell Banker Commercial NRT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,530

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 142.5 x 100
  • Additional Parcels

Parking

  • 6 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,530

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 0
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • AppliancesAndFeatures: Stove
  • Room: 0

Exterior Features

  • List Price: 329900
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 6
  • ParkingTotal: 12
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 6

Lot Info

  • Additional Parcels Description: 42111901200000
  • Additional Parcels: Yes
  • Lot Dimensions: 142.5 X 100
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Other

Tax Info

  • Tax Annual Amount: 11530
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Aug 12, 2022
Sold by
Mary J Spaeth Declaration Of Trust
Bought by
Galilee Apartments Llc
Seller's Agent
Deborah Leable
Cornerstone Realty Group, LLC
Buyer's Agent
Paul Proano
Coldwell Banker Commercial NRT
List Price
$375,000
Sold Price
$295,000
Premium/Discount to List
-$80,000
-21.33%
Current Estimated Value
$240,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,411
Avg. Annual Appreciation
-6.82%

Purchase Details

Closed on
Mar 11, 2004
Sold by
Spaeth Mary J
Bought by
Spaeth Mary J
Source: Public Records

Range of Values:

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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
Galilee Apartments Llc $295,000 Chicago Title
Spaeth Mary J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $295,000 -10.6% --
06/21/2022 06/21/22 Pending -- -- --
05/20/2022 05/20/22 Price Changed $329,900 -7.1% --
04/21/2022 04/21/22 Price Changed $355,000 -5.3% --
04/08/2022 04/08/22 For Sale $375,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $7,340 $59,551 $7,612 $51,939
2023 $2,974 $53,095 $6,787 $46,308
2022 $2,974 $20,806 $5,590 $15,216
2021 $11,880 $86,302 $5,242 $81,060
2020 $4,300 $75,575 $4,928 $70,647
2019 $4,406 $70,401 $4,591 $65,810
2018 $4,794 $67,583 $4,172 $63,411
2017 $4,992 $62,693 $3,870 $58,823
2016 $5,220 $56,911 $3,513 $53,398
2015 $5,609 $51,639 $3,188 $48,451
2014 $5,101 $59,142 $3,071 $56,071
2012 $4,532 $62,984 $3,270 $59,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11370327

Midwest Real Estate Data (MRED)

APN: 04-21-119-012