NOT LISTED FOR SALE

2406 Rainbow Ave Bloomington, IL 61704

Lakewood-Hillcrest Neighborhood

Estimated Value: $964,594

2 Beds
-- Bath
17,900 Sq Ft
$54/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2016

Last sale price $598,750 $33 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,872 / mo

441 Days on Market

About This Home

As of July 2016

Attractive 12 unit brick building. Popular east side area. Tenants pay heat & electric. Amenities include fireplaces, in unit washer/dryer, decks. good investment & return. well managed investment package available.

Last Agent to Sell the Property

Greg Yount

AXIS 360 LLC* License #475142130 Listed on: 02/20/2015

Last Buyer's Agent

Bev Virgil

Coldwell Banker Real Estate Group License #475130017

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,565

Year Built

  • Built in 1985

Lot Details

  • Lot Dimensions are 150x121

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 17,900 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace

Utilities

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

Listing and Financial Details

  • Tenant pays for gas, electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $720
  • Insurance Expense $2,819
  • Maintenance Expense $7,200
  • Manager Expense $4,945
  • Other Expense $5,690
  • Water Sewer Expense $7,700
  • Operating Expense $45,639
  • Net Operating Income $47,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,565

Year Built

Built in 1985

Lot Details

0.42 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1985
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement Description: None

Exterior Features

  • Exterior Building Type: Brick
  • Misc Outside: Sun Deck

Garage/Parking

  • Outdoor Parking: 19-30 Spaces,Paved

Utilities

  • Cooling: Central Air
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 4945
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 7700

Lot Info

  • Lot Dimensions: 150X121

Rental Info

  • Tenant Pays: Gas, Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 17900

Multi Family

  • Net Operating Income: 47396
  • Insurance Expense: 2819
  • ElectricExpense: 720
  • Maintenance Expense: 7200
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 45639
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 16565
  • Tax Year: 13

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2021
Sold by
Bought by
Current Estimated Value
$964,594

Purchase Details

Closed on
Feb 21, 2012
Sold by
Bought by
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

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 Available
-- None Available
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
07/01/2016 07/01/16 Sold $598,750 -18.0% $33 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
02/20/2015 02/20/15 For Sale $730,000 -- $41 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $19,947 $259,120 $37,841 $221,279
2024 $15,773 $246,013 $35,927 $210,086
2022 $15,773 $185,587 $27,102 $158,485
2021 $14,929 $175,666 $25,653 $150,013
2020 $15,726 $175,666 $25,653 $150,013
2019 $15,216 $175,666 $25,653 $150,013
2018 $14,902 $172,222 $25,150 $147,072
2017 $14,298 $172,222 $25,150 $147,072
2016 $14,258 $172,222 $25,150 $147,072
2015 $16,815 $203,087 $26,636 $176,451
2014 $16,629 $203,087 $26,636 $176,451
2013 -- $203,087 $26,636 $176,451
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Greg Yount

    AXIS 360 LLC*

    Section Image

  • B

    Buyer's Agent in 2016

    Bev Virgil

    Coldwell Banker Real Estate Group

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10209781

Midwest Real Estate Data (MRED)

APN: 14-36-102-007

Illinois Mclean County Bloomington 61704 Lakewood-Hillcrest

2406 Rainbow Ave, Bloomington, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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