NOT LISTED FOR SALE

240 E State St Lovington, IL 61937

-- Beds
-- Baths
-- Sq Ft
0.71 Acre Lot

Sale Details

Date 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

Brinkoetter REALTORS®

Co-Listed By

Tosha Fair

Brinkoetter REALTORS® License #475204859

Last Buyer's Agent

Kristy Frost

Glenda Williamson Realty License #475200529

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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
  • 30,928 Sq Ft 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

0.71 Acres

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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Construction & Property Investments Inc $20,000 None Available
Newt Investments Llc -- Macon County Title
Jacobus David M -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $176,000
Closed Homegrown Acquisitions Llc $12,306
Closed Homegrown Acquisitions Llc $100,000
Closed Garmon Cole $25,000
Previous Owner Construction & Property Investors Inc $55,761
Previous Owner Jacobus David $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,814 $50,278 $9,746 $40,532
2024 $3,427 $47,064 $9,123 $37,941
2023 $3,310 $44,187 $8,565 $35,622
2022 $4,668 $63,874 $8,240 $55,634
2021 $4,822 $60,728 $7,834 $52,894
2020 $4,765 $58,314 $7,523 $50,791
2019 $3,225 $39,559 $7,523 $32,036
2018 $6,210 $76,784 $7,764 $69,020
2017 $6,212 $76,486 $7,734 $68,752
2016 $6,352 $76,655 $7,751 $68,904
2015 $6,260 $75,160 $7,600 $67,560
2014 -- $75,160 $7,600 $67,560
2013 -- $75,160 $7,600 $67,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6226772

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