NOT LISTED FOR SALE

2406 State St Granite City, IL 62040

Estimated Value: $106,000 - $109,000

-- Bed
2 Baths
2,184 Sq Ft
$49/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $75,000 $34 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $793/month

89 Days on Market

About This Home

As of February 2022

Passive Income awaits in this Great Opportunity... a Multi-Family Unit that is fully occupied and ready for its New Owner.

Last Agent to Sell the Property

Megan Ballesteros

Worth Clark Realty License #475193756 Listed on: 11/26/2021

Worth Clark Realty

Last Buyer's Agent

Kim Benda

Epique Realty License #471017429

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,721

Year Built

  • Built in 1919

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 40x125

Parking

  • Additional Parking

Home Design

  • 2,184 Sq Ft Home
  • Duplex
  • Brick or Stone Veneer

Laundry

  • Laundry in unit

Schools

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

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 22-2-20-18-15-403-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,721

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Granite City
  • Special Description: No Exemptions
  • Age: 103
  • Ownership: Private
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Laundry Facility in, Laundry Facl-Private
  • Square Footage: 2184

Exterior Features

  • Construction: Fl Brick/Stn Veneer

Garage/Parking

  • Parking: Additional Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Gas
  • 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: 40x125
  • Lot Sq Ft: 5009
  • Acres: 0.1150

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric

Multi Family

  • Gross Operating Income: 13440.00
  • Units: 2
  • Total Expenses: 1560.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 1724
  • Assessor Parcel Number: 22-2-20-18-15-403-028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Feb 15, 2022
Sold by
Miller Scott W
Bought by
Mbugua Simon and Nganga Rose
Seller's Agent
Megan Ballesteros
Worth Clark Realty
Buyer's Agent
Kim Benda
Epique Realty
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Current Estimated Value
$107,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,323
Avg. Annual Appreciation
10.23%
Original Mortgage
$56,250
Outstanding Balance
$51,793
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$55,530

Purchase Details

Closed on
Aug 26, 2014
Sold by
Miller Scott W and Miller Gina M
Bought by
Miller Scott W and Miller Gina M

Purchase Details

Closed on
Oct 4, 2005
Sold by
Moseley Bill J and Moseley Deborah J
Bought by
Miller Scott W and Miller Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,600
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Mbugua Simon $75,000 Maverick Title
Miller Scott W -- Attorney
Miller Scott W $54,000 Pontoon Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mbugua Simon $56,250
Previous Owner Miller Scott W $48,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2022 02/24/22 Sold $75,000 -11.8% $34 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
11/26/2021 11/26/21 For Sale $85,000 -- $39 / 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 $2,721 $31,220 $2,960 $28,260
2023 $2,721 $28,140 $2,670 $25,470
2022 $2,680 $25,790 $2,450 $23,340
2021 $1,881 $24,190 $2,300 $21,890
2020 $1,810 $23,110 $2,200 $20,910
2019 $1,724 $21,910 $2,090 $19,820
2018 $1,664 $21,270 $2,030 $19,240
2017 $1,631 $22,050 $2,100 $19,950
2016 $1,687 $22,050 $2,100 $19,950
2015 $1,521 $22,050 $2,100 $19,950
2014 $1,521 $22,050 $2,100 $19,950
2013 $1,521 $22,050 $2,100 $19,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS21083479

MARIS MLS

APN: 22-2-20-18-15-403-028