NOT LISTED FOR SALE

240 E State St Lovington, IL 61937

-- Bed
-- Bath
-- Sq Ft
0.71 Acres

Last Sold June 15, 2023

Last sale price $125,000

22 Days on Market

Highlights

  • Handicap Accessible
  • Forced Air Heating and Cooling System
  • 1-Story Property

About This Home

As of June 2023

Great investment opportunity! ~$32,400k annual rent and close to $14,200 net operating income! Unit 1 currently occupied but will be empty soon. Unit 2 currently leased for $950/mo (utilities included) , unit 3 currently leased for $950/mo (utilities included). There is on site coin laundry, large open lot and each unit has its own entrance. Units 1 and 3 are handicap accessible and the laundry area has access to the basement in case of bad weather.
SHOWINGS can start 4/27

Last Agent to Sell the Property

Tony Piraino

Brinkoetter REALTORS® License #471021128 Listed on: 04/26/2023

Co-Listed By

Tosha Fair

Brinkoetter REALTORS® License #475204859

Last Buyer's Agent

Kristy Frost

Glenda Williamson Realty License #475200529

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,822

Year Built

  • Built in 1975

Lot Details

  • 0.71

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Finished Basement
  • Partial Basement
  • Oven

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Handicap Accessible
  • 0.71 Acre Lot

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 02-02-27-406-006

Community Details

Overview

  • 3 Units
  • N Cheevers Add Subdivision

Building Details

  • Operating Expense $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,822

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Co List Office Mls Id: 3850
  • Co List Office Phone: 217-875-0555
  • Directions: From Decatur take Rt. 36 to Coal Mine Rd and turn right for 5 miles to N County St and turn left and another left onto W State St and destination is on your left.
  • Lot Size Acres: 0.71
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Road Surface Type: Gravel
  • Building Stories: 1
  • Subdivision Name: N Cheevers Add
  • Year Built: 1975
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Oven, Refrigerator
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Owner Pays: All Utilities
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Handicap Accessible
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: ALAH Dist 305

Lot Info

  • Lot Size Sq Ft: 30928.0
  • Parcel #: 02-02-27-406-006
  • Zoning: COM
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4822.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $125,000 0.0% --
05/19/2023 05/19/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $125,000 -- --
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tony Piraino

    Seller's Agent in 2023

    Tony Piraino

    Brinkoetter REALTORS®

    (855) 539-8326

    648 Total Sales

    Tony Piraino
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Tosha Fair

    Brinkoetter REALTORS®

    (217) 493-8006

    33 Total Sales

    Tosha Fair
    Section Image

  • K

    Buyer's Agent in 2023

    Kristy Frost

    Glenda Williamson Realty

    (217) 671-7530

    166 Total Sales

    Kristy Frost
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6226772

Illinois Moultrie County Lovington 61937

240 E State St, Lovington, IL

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