NOT LISTED FOR SALE

2406 Edison Ave Granite City, IL 62040

Estimated Value: $158,000 - $179,095

-- Bed
4 Baths
4,760 Sq Ft
$36/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $140,000 $29 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,068/month

21 Days on Market

Highlights

  • Brick or Stone Mason
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

Well maintained four-unit property. Each unit is currently set up as 1 bed, 1 bath. However, all four units can easily be converted to 2 bedroom units. Each unit has a walk-in closet/storage closet in the unit. Each unit also has nice closed in sunroom off the bedroom that is perfect for an office, extra closet space, vanity area or storage. All units have an identical floor plan and offers a generous 900 square feet per unit. The left two units are currently occupied. The basement has two laundry areas, a personal storage area for each unit and a storage unit for on-site maintenance. Agents can show the two unoccupied units and once an acceptable offer has been made, the occupied units can be scheduled and viewed per the tenant's current lease agreement. The property has been well maintained and is being sold, "as, is". Any inspections performed are for buyer's information only. Please do not disturb the current tenants. No sign in yard.

Last Agent to Sell the Property

Monica Buss Lemp

Keller Williams Marquee License #475.184942 Listed on: 05/02/2023

Keller Williams Marquee

Last Buyer's Agent

Monica Buss Lemp

Keller Williams Marquee License #475.184942 Listed on: 05/02/2023

Keller Williams Marquee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,360

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125

Parking

  • On-Street Parking

Home Design

  • 4,760 Sq Ft Home
  • Quadruplex
  • Brick or Stone Mason

Outdoor Features

  • Patio

Schools

  • Granite City Dist 9 Elementary And Middle School
  • Granite City High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 22-2-20-18-18-402-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,360

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Governers Parkway
  • Municipality Township: Granite City
  • Special Description: No Exemptions
  • Age: 93
  • Ownership: Private
  • Year Built: 1930
  • Directions: Madison Avenue to Veterans Parkway to 2400 block of Edison Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Laundry Facil- None, Patio
  • Square Footage: 4760

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: GRANITE CITY DIST 9
  • Junior High School: GRANITE CITY DIST 9
  • School District: Granite City DIST 9
  • Senior High School: Granite City

Lot Info

  • Lot Dimensions: 60x125
  • Lot Sq Ft: 7405
  • Acres: 0.1700

Rental Info

  • Tenancy Type: 1 or More Vacant
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 28800.00
  • Units: 4
  • Total Expenses: 8472.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 4926
  • Assessor Parcel Number: 22-2-20-18-18-402-020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
May 31, 2023
Sold by
Manna Properties Llc
Bought by
Waters Andrew and Waters Tal
Seller's Agent
Monica Buss Lemp
Keller Williams Marquee
Buyer's Agent
Monica Buss Lemp
Keller Williams Marquee
List Price
$140,000
Sold Price
$140,000
Current Estimated Value
$170,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,274
Avg. Annual Appreciation
8.28%
Original Mortgage
$95,000
Outstanding Balance
$92,984
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$77,290

Purchase Details

Closed on
Oct 15, 2018
Sold by
Miller Anna M
Bought by
Manna Properties Llc

Purchase Details

Closed on
Sep 8, 2003
Sold by
Gitchoff Vivian and Riddle Tina Marie Gitchoff
Bought by
Miller Anna M

Purchase Details

Closed on
Sep 5, 2003
Sold by
Gitchoff Vivian and Riddle Tina Marie Gitchoff
Bought by
Miller Anna M
Source: Public Records

Range of Values:

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Average Value
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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
Waters Andrew $140,000 Metro Title & Escrow Co
Manna Properties Llc -- Pontoon Title
Miller Anna M $25,000 Fatic
Miller Anna M -- Fatic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waters Andrew $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $140,000 0.0% $29 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $140,000 -- $29 / Sq Ft
Source: MARIS MLS

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 $5,360 $61,500 $4,470 $57,030
2023 $5,360 $55,430 $4,030 $51,400
2022 $5,278 $50,790 $3,690 $47,100
2021 $4,927 $47,630 $3,460 $44,170
2020 $4,811 $45,480 $3,300 $42,180
2019 $4,672 $43,110 $3,130 $39,980
2018 $4,559 $41,850 $3,040 $38,810
2017 $4,473 $43,400 $3,150 $40,250
2016 $4,561 $43,400 $3,150 $40,250
2015 $4,113 $43,400 $3,150 $40,250
2014 $4,113 $43,400 $3,150 $40,250
2013 $4,113 $43,400 $3,150 $40,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23022958

MARIS MLS

APN: 22-2-20-18-15-402-020