NOT LISTED FOR SALE

2569 Grand Ave Granite City, IL 62040

Estimated Value: $96,000 - $127,229

6 Beds
2 Baths
3,072 Sq Ft
$36/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $94,000 $31 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $745/month

About This Home

As of June 2023

Unique, roomy duplex with both units over 1500 square feet! Each apartment features three BIG bedrooms, a spacious eat-in kitchen, and a sizable living room and dining room! Perfect for families. You'll find plenty of space and lots of natural light in this solid investment property. Each unit rents for $800. Tenants pay all utilities except for trash pickup. 2022 Income & Expenses statement included in supplements. Listed and Sold the same day

Last Agent to Sell the Property

James Blasingame

Keller Williams Marquee License #475.175244 Listed on: 06/16/2023

Keller Williams Marquee

Last Buyer's Agent

Jasmine Spraggins

Keller Williams Marquee License #475181599

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,762

Year Built

  • Built in 1923

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45x125
  • Partially Fenced Property

Home Design

  • 3,072 Sq Ft Home
  • Duplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units
  • Net Operating Income $8,028

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 22-2-20-18-12-203-053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,762

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: 25th St
  • Year Built: 1923
  • Directions: Madison Ave. to 25th St. to Grand Ave.
  • Property Sub-Type: 2-4 Units
  • Lot Size Acres: 0.13
  • Road Surface Type: Gravel
  • Total Gross Income: 17335
  • Co List Office Phone: 618-307-5616
  • MLS Status: Closed
  • Subdivision Name: n/a
  • Above Grade Finished Sq Ft: 3072
  • Carport Y N: No
  • Reso Structure Type: Duplex
  • MIS_AboveGradeFinishedAreaSrchSqFt: 3072.00
  • MIS_PoolYN: 0
  • MIS_UnitCount: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Total Bedrooms: 6
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Partial
  • Waterfront: No
  • Disclosures: Agent Owned, Other, See Seller's Disclosure
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Heating: Electric, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None

Schools

  • Elementary School: GRANITE CITY DIST 9
  • Junior High Dist: Granite City DIST 9
  • High School: Granite City
  • Middle Or Junior School: GRANITE CITY DIST 9

Lot Info

  • Lot Dimensions: 45x125
  • Lot Size Sq Ft: 5663
  • ResoLotSizeUnits: Acres
  • Parcel Number: 22-2-20-18-12-203-053
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Operating Expense: 8532
  • Number Of Units Total: 2
  • Net Operating Income: 8028

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jun 16, 2023
Sold by
Blasingame Trust
Bought by
Ted Ventures Inc
Seller's Agent
James Blasingame
Keller Williams Marquee
Buyer's Agent
Jasmine Spraggins
Keller Williams Marquee
Sold Price
$94,000
Current Estimated Value
$109,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,807
Avg. Annual Appreciation
5.69%
Original Mortgage
$93,500
Outstanding Balance
$91,198
Interest Rate
6.39%
Mortgage Type
Commercial
Estimated Equity
$15,272

Purchase Details

Closed on
Nov 3, 2022
Sold by
Blasingame John W
Bought by
Blasingame Trust

Purchase Details

Closed on
Jun 26, 2006
Sold by
Blasingame Carolyn A
Bought by
Blasingame John W

Purchase Details

Closed on
May 28, 2002
Sold by
Atherton Wilson Diana L and West Christine P
Bought by
Blasingame John and Blasingame Carol
Source: Public Records

Range of Values:

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Average Value
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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
Ted Ventures Inc $94,000 Maverick Title
Blasingame Trust -- None Available
Blasingame John W -- None Available
Blasingame John $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ted Ventures Inc $93,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $94,000 +11650.0% $31 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
06/01/2019 06/01/19 Rented $800 0.0% --
05/13/2019 05/13/19 Under Contract -- -- --
03/13/2019 03/13/19 For Rent $800 -- --
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 $1,917 $22,000 $3,350 $18,650
2023 $1,917 $19,830 $3,020 $16,810
2022 $1,888 $18,170 $2,770 $15,400
2021 $1,763 $17,040 $2,600 $14,440
2020 $1,721 $16,270 $2,480 $13,790
2019 $1,671 $15,420 $2,350 $13,070
2018 $1,631 $14,970 $2,280 $12,690
2017 $1,600 $15,520 $2,360 $13,160
2016 $1,631 $15,520 $2,360 $13,160
2015 $902 $15,520 $2,360 $13,160
2014 $902 $15,520 $2,360 $13,160
2013 $902 $15,520 $2,360 $13,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23015486

MARIS MLS

APN: 22-2-20-18-12-203-053