NOT LISTED FOR SALE

247 W Locust St Dekalb, IL 60115

Estimated Value: $260,000 - $370,000

16 Beds
4 Baths
-- Sq Ft
9,627 Sq Ft Lot

Last Sold February 04, 2022

Last sale price $250,000

Est. 19% increase in value since last sale

Current estimated payment $2,125/month

399 Days on Market

About This Home

As of February 2022

For over 40 years my wife and I have purchased many fancy historic homes, built for the families of local businesses. We have invested 100's of thousand's, and countless hours maintaining and restoring properties. We are selling 3 of the properties, 220, 226, 247 West Locust Street all have apartments, rooms and could be owner occupied. For now the apartments are available, to owner occupy or rent. Let the tenants pay for the building or 220 & 226 could be single family homes. 247 Locust has very high income, and a large 3 BR apartment and a second 3 BR apt plus 10 rental rooms. All have parking, all have great oak floors, woodwork, and features. Two blocks to the resurgent downtown and NIU and shopping, in the historic district. The owner is a licensed Real Estate Broker in the State of Illinois. Financial information available for interested buyers.

Last Agent to Sell the Property

Dan McClure

Century 21 Circle License #475131664 Listed on: 08/21/2020

Century 21 Circle

Last Buyer's Agent

Matthew Messel

Compass License #475173623

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,522

Lot Details

  • 9,627

Home Design

  • Vinyl Siding

Interior Spaces

  • 4-Story Property
  • Finished Basement

Parking

  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,522

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Property Type: Residential Income
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Directions: First to Locust, 2 Blocks to Town
  • Lot Size: 67 X 147 X 66 X 145
  • New Construction: No
  • Ownership: Fee Simple
  • MRD_AP1: Stove,Refrigerator,Hardwood Floors
  • MRD_AP2: Stove,Refrigerator
  • MRD_AP3: Refrigerator,Microwave
  • MRD_AP4: Refrigerator,Microwave,Window Air Conditioner
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • Full Bathrooms: 4
  • Possible Bedrooms: 16
  • Total Bedrooms: 16
  • Other Equipment: Security System, CO Detectors
  • Dining Room Type: Enclosed Porch, Screened Porch

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Porch Screened, Storms/Screens
  • Foundation Details: Stone
  • Exterior Building Type: Vinyl Siding
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street
  • Number of Cars: 9
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Total Parking Spaces: 9

Utilities

  • Heating: Natural Gas, Steam, Zoned
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights

Schools

  • Junior High Dist: 428

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zoning: MULTI

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Story Unit/s

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 6581
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2020
Closed on
Feb 3, 2022
Sold by
Mcclure Daniel C and Mcclure Kris L
Bought by
American College Rentals Llc-Dekalb Protected
Seller's Agent
Dan McClure
Century 21 Circle
Buyer's Agent
Matthew Messel
Compass
List Price
$329,000
Sold Price
$250,000
Premium/Discount to List
-$79,000
-24.01%
Current Estimated Value
$298,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,179
Avg. Annual Appreciation
4.93%
Original Mortgage
$187,500
Outstanding Balance
$173,896
Interest Rate
3.45%
Mortgage Type
Credit Line Revolving
Estimated Equity
$124,283
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
American College Rentals Llc-Dekalb Protected $250,000 Cebula Law Offices Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open American College Rentals Llc-Dekalb Protected $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $250,000 -13.5% --
09/23/2021 09/23/21 Pending -- -- --
05/10/2021 05/10/21 Price Changed $289,000 -3.3% --
10/07/2020 10/07/20 Price Changed $299,000 -9.1% --
08/20/2020 08/20/20 For Sale $329,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,522 $79,460 $10,781 $68,679
2023 $6,522 $69,282 $9,400 $59,882
2022 $6,392 $63,254 $10,728 $52,526
2021 $6,565 $59,327 $10,062 $49,265
2020 $6,714 $58,382 $9,902 $48,480
2019 $6,582 $56,088 $9,513 $46,575
2018 $6,427 $54,186 $9,190 $44,996
2017 $6,488 $52,087 $8,834 $43,253
2016 $6,416 $50,772 $8,611 $42,161
2015 -- $48,107 $8,159 $39,948
2014 -- $48,726 $11,806 $36,920
2013 -- $51,183 $12,401 $38,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10826686

Midwest Real Estate Data (MRED)

APN: 08-22-233-006