NOT LISTED FOR SALE

25 E Chestnut Ave Cortland, IL 60112

Estimated Value: $196,000 - $248,653

4 Beds
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold November 27, 2024

Last sale price $220,000

Est. 4% decrease in value since last sale

Current estimated payment $1,529/month

38 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Ceiling Fan
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of November 2024

Want to begin or grow your portfolio? Here's a great investment opportunity. Great Two-Unit in Excellent condition! Each unit has 2 bedrooms, 1 bath. Main floor unit has the potential of being a 3 bedroom. Full basement offers great storage along with a washer and dryer so that the tenants can use this space. Current owners have kept this area for personal storage space. Either both or the main floor only can use this space. There is a two-car detached garage and additional parking spaces for all to have their own spot. The garage is used by the lower-level unit only. Check out the LARGE fenced-in backyard. Convenient enclosed exterior access to upper unit. HVAC system replaced in 2023. Electrical updates (2016 & 2018). Newer stove and fridge in the lower level unit. Radon mitigation system installed in 2019. Walking distance to library and Cortland's downtown area. Tenants responsible for their own electric bills. Lower level is responsible for gas bill. Landlord is responsible for water bill. Meticulously maintained by the current owners - very clean units. Here is your opportunity to begin investing in real estate today!

Last Agent to Sell the Property

Maria Pena-Graham

Coldwell Banker Real Estate Group License #475128048 Listed on: 09/24/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

Tyler Lewke

Keller Williams Success Realty License #471002170

Keller Williams Success Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,835

Year Built

  • Built in 1960

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 89.70 x 132
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Space is Owned
  • Assigned Parking

Home Design

  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $21,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,835

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned, Off Street, Driveway
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Paved
  • Conversion YN: Y

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 89.70 X 132
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • GrossIncome: 21900
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,Converted Residence

Tax Info

  • Tax Annual Amount: 4834.66
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Nov 15, 2024
Sold by
Fortunato Mauro and Fortunato Joy L
Bought by
Dierkes Taylor Mitchell
Seller's Agent
Maria Pena-Graham
Coldwell Banker Real Estate Group
Buyer's Agent
Tyler Lewke
Keller Williams Success Realty
List Price
$220,000
Sold Price
$220,000
Views
86
Current Estimated Value
$212,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,837
Avg. Annual Appreciation
-3.08%
Original Mortgage
$216,015
Outstanding Balance
$214,107
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
-$1,944

Purchase Details

Listed on
Nov 25, 2018
Closed on
Jul 19, 2019
Sold by
Coyle Amelia Donise
Bought by
Fortunato Mauro and Fortunato Joy L
Seller's Agent
Cheri Moyers
Elm Street REALTORS
Buyer's Agent
Maria Pena-Graham
Coldwell Banker Real Estate Group
List Price
$141,000
Sold Price
$111,800
Premium/Discount to List
-$29,200
-20.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$89,440
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 2, 2005
Sold by
Coyle Trust
Bought by
Coyle Amelia Donise
Source: Public Records
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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
Dierkes Taylor Mitchell $220,000 Home Title Group Of Illinois
Dierkes Taylor Mitchell $220,000 Home Title Group Of Illinois
Fortunato Mauro $112,000 Chicago Title
Coyle Amelia Donise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dierkes Taylor Mitchell $216,015
Closed Dierkes Taylor Mitchell $216,015
Previous Owner Fortunato Mauro $89,440
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2024 11/27/24 Sold $220,000 0.0% --
11/01/2024 11/01/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $220,000 +96.8% --
07/19/2019 07/19/19 Sold $111,800 -13.9% -- View Prior Sale
05/22/2019 05/22/19 Pending -- -- --
04/09/2019 04/09/19 Price Changed $129,900 -4.5% --
03/07/2019 03/07/19 Price Changed $136,000 -3.5% --
11/24/2018 11/24/18 For Sale $141,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $4,835 $55,138 $18,824 $36,314
2023 $4,835 $51,584 $17,611 $33,973
2022 $4,906 $49,231 $16,808 $32,423
2021 $4,966 $46,873 $16,003 $30,870
2020 $4,976 $45,411 $15,504 $29,907
2019 $4,171 $43,505 $14,853 $28,652
2018 $4,023 $41,144 $14,047 $27,097
2017 $3,948 $39,170 $13,373 $25,797
2016 $3,752 $36,814 $12,569 $24,245
2015 -- $34,570 $11,803 $22,767
2014 -- $33,272 $11,360 $21,912
2013 -- $34,479 $11,772 $22,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12172284

Midwest Real Estate Data (MRED)

APN: 09-29-205-013