NOT LISTED FOR SALE

2423 Lincoln Ave Granite City, IL 62040

Estimated Value: $82,000 - $118,678

-- Bed
1 Bath
3,200 Sq Ft
$30/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $52,000 $16 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $714/month

65 Days on Market

About This Home

As of September 2020

Awesome investment & income opportunity! 18.6 Cap rate, Roof replaced in 2015, all units updated in last ten years. Fully occupied buildings, parking out back and an additional 1,000 sq foot garage with parking & storage in rear. Agent interest.

Last Agent to Sell the Property

Caleb Davis

Keller Williams Marquee License #475.183443 Listed on: 06/24/2020

Keller Williams Marquee

Last Buyer's Agent

Caleb Davis

Keller Williams Marquee License #475.183443 Listed on: 06/24/2020

Keller Williams Marquee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,502

Year Built

  • Built in 1940

Lot Details

  • 6,273 Sq Ft Lot
  • Lot Dimensions are 50 x 125

Home Design

  • 3,200 Sq Ft Home
  • Duplex

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 22-2-20-17-17-303-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,502

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Granite City
  • Age: 80
  • Ownership: Private
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 3200

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: 50 X 125
  • Lot Sq Ft: 6273
  • Acres: 0.1440

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 17188.00
  • Units: 3
  • Total Expenses: 6915.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 2129
  • Assessor Parcel Number: 22-2-20-17-17-303-048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Sep 23, 2020
Sold by
Alexander Properties Llc
Bought by
Bsd Estates Llc
Seller's Agent
Caleb Davis
Keller Williams Marquee
Buyer's Agent
Caleb Davis
Keller Williams Marquee
List Price
$65,000
Sold Price
$52,000
Premium/Discount to List
-$13,000
-20%
Current Estimated Value
$96,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,420
Avg. Annual Appreciation
12.87%

Purchase Details

Closed on
Mar 9, 2018
Sold by
Davis Caleb
Bought by
Alexander Properties Llc

Purchase Details

Closed on
Jul 8, 2016
Sold by
Rgtj Enterprises Llc
Bought by
Davis Caleb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2013
Sold by
Schmitz Kent
Bought by
Rgtj Enterprises Llc
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
Bsd Estates Llc $52,000 Benchmark Title Co
Alexander Properties Llc -- Metro Title
Davis Caleb $30,000 Gateway Real Estate Title
Rgtj Enterprises Llc $20,000 Southern Illinois Real Estat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Caleb $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2020 09/23/20 Sold $52,000 -20.0% $16 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $65,000 -- $20 / 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 $2,502 $28,710 $2,780 $25,930
2023 $2,502 $25,880 $2,510 $23,370
2022 $2,464 $23,710 $2,300 $21,410
2021 $2,300 $22,240 $2,160 $20,080
2020 $2,247 $21,240 $2,060 $19,180
2019 $2,182 $20,130 $1,950 $18,180
2018 $2,129 $19,540 $1,890 $17,650
2017 $2,089 $20,260 $1,960 $18,300
2016 $2,129 $20,260 $1,960 $18,300
2015 $1,920 $20,260 $1,960 $18,300
2014 $1,920 $20,260 $1,960 $18,300
2013 $1,920 $20,260 $1,960 $18,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS20019412

MARIS MLS

APN: 22-2-20-17-17-303-048