NOT LISTED FOR SALE

24 W Division St Manteno, IL 60950

Estimated Value: $280,000 - $368,424

6 Beds
5 Baths
-- Sq Ft
5,009 Sq Ft

Last Sold March 16, 2021

Last sale price $215,000

Est. 50% increase in value since last sale

Current estimated payment $2,324/month

About This Home

As of March 2021

Great investment opportunity in the heart of Manteno! 5 Units Plus a 2000 Sq Ft commercial space previously used as a hair salon. The units are on separate meters with the exception of water. Water heater and circuit breakers new 2021. All tenants are on a month to month lease agreement and have paid last month's rent and security deposits. 2019 Real Estate Taxes $3350.10. Please note that one of the tenants has not been charged rent in the past. The new owner can begin charging. This opportunity won't last call today!

Last Agent to Sell the Property

Michelle Arseneau

Coldwell Banker Realty License #475131613 Listed on: 01/25/2021

Coldwell Banker Realty

Last Buyer's Agent

Greg Leutloff

McColly Bennett Real Estate License #475122665

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1987

Lot Details

  • 5,009

Home Design

  • Stone Siding
  • Stucco Exterior

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $3,412
  • Insurance Expense $1,370

Property Details

Home Type

Multi-Family

Year Built

1987

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Zoning Type: COMMR
  • Estimated Age: 26-35 Years
  • Net Oper Income: 19686
  • Scavenger Expense: 384
  • Total Annual Exp: 12114
  • Total Annual Income: 29600
  • Total Monthly Income: 2650
  • Number of Ranges: 5
  • Number Of Refrigs: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1987
  • Type Multi Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1987

Exterior Features

  • Exterior Building Type: Stucco, Stone

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Hot Water
  • Water Expense: 1687

Condo/Co-op/Association

  • Units in Building: 5

Fee Information

  • Electricity Expense: 3762

Lot Info

  • Lot Dimensions: 63X80
  • Parcel Identification Number: 03022210403100

Rental Info

  • Gross Rental Income: 31800

Multi Family

  • Fuel Expense: 3412
  • Insurance Expense: 1370
  • Other Expenses: 1498

Tax Info

  • Taxes: $3,350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Cobb Rentals Llc
Bought by
Donovan Real Estate Llc
Current Estimated Value
$322,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,692,344
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
-$1,369,988

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 4, 2021
Sold by
James J Gravelle Revocable Living Trust
Bought by
Cobb Rentals Llc
Seller's Agent
Michelle Arseneau
Coldwell Banker Realty
Buyer's Agent
Greg Leutloff
McColly Bennett Real Estate
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$172,000
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Donovan Real Estate Llc $350,000 Homestar Title
Cobb Rentals Llc -- Homestar Title
Cobb Rentals Llc $215,000 Homestar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donovan Real Estate Llc $1,800,000
Previous Owner Cobb Rentals Llc $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $215,000 -4.4% --
01/25/2021 01/25/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $225,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $8,015 $87,300 $7,796 $79,504
2023 $7,831 $80,101 $7,152 $72,949
2022 $7,265 $70,178 $6,458 $63,720
2021 $7,070 $67,323 $6,458 $60,865
2020 $3,327 $30,754 $6,285 $24,469
2019 $3,350 $30,754 $6,285 $24,469
2018 $3,283 $30,754 $6,285 $24,469
2017 $3,261 $30,754 $6,285 $24,469
2016 $3,135 $30,754 $6,285 $24,469
2015 $3,086 $30,754 $6,285 $24,469
2014 $2,954 $30,754 $6,285 $24,469
2013 -- $30,754 $6,285 $24,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10978640

Midwest Real Estate Data (MRED)

APN: 03-02-22-104-031

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