Seller's Agent in 2023
Timothy Mahoney
City Pro Realty
(815) 474-0265
18 Total Sales
27 N 6th St Geneva, IL 60134
Downtown Geneva Neighborhood
3
Beds
2
Baths
--
Sq Ft
5,663
Sq Ft Lot
About This Home
As of April 2021POSITIVE CASH FLOW AND A GREAT LOCATION..ALL LEASED OUT AND READY TO GO. THIS OLDER FARMHOME HAS BEEN CONVERTED TO 1ST FLOOR BUSINESS WITH LONG TERM TENANTS WITH THERAPUTIC STUDIOS AND 2ND FLOOR WITH ALL NEW APARTMENT. RECENT ELECTRIC CIRCUIT BREAKERS, SHOWER, HVAC, TANKLESS WATER SYSTEM AND MORE. THERE IS AMPLE SPACE TO ERECT A GARAGE IF DESIRED...PROPERTY EASILY ADAPABLE TO OFFICE/RETAIL...MANY OPTIONS ABOUND.
Last Agent to Sell the Property
Karen Douglas Realty License #471001285 Listed on: 05/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,251
Year Built | Renovated
- 1900 | 2019
Home Design
- Frame Construction
Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- Parking Available
- Parking Space is Owned
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Fuel Expense $500
- Net Operating Income $2,925,060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2020
Closed on
Apr 29, 2021
Sold by
Eakins Keith E and Eakins Jean C
Bought by
Purpose Properties Llc
Seller's Agent
Doug VanDeMark
Karen Douglas Realty
Buyer's Agent
Anthony Hansen
Charles Rutenberg Realty of IL
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,377
Avg. Annual Appreciation
7.75%
Original Mortgage
$200,000
Outstanding Balance
$181,356
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$162,021
Purchase Details
Closed on
Jan 20, 2005
Sold by
617 State Llc
Bought by
Eakins Keith E and Eakins Jean C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 25, 2003
Sold by
Lasalle Bank Na
Bought by
617 State Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.51%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | Ct | |
| Warranty Deed | $195,000 | Chicago Title Insurance Comp | |
| Deed | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Commercial | |
| Previous Owner | $156,000 | Commercial | |
| Previous Owner | $1,800,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/09/2023 01/09/23 | Rented | $1,475 | 0.0% | -- |
| 01/06/2023 01/06/23 | Under Contract | -- | -- | -- |
| 10/31/2022 10/31/22 | For Rent | $1,475 | 0.0% | -- |
| 10/24/2022 10/24/22 | Under Contract | -- | -- | -- |
| 10/10/2022 10/10/22 | For Rent | $1,475 | +3.5% | -- |
| 12/01/2021 12/01/21 | Rented | -- | -- | -- |
| 11/22/2021 11/22/21 | Under Contract | -- | -- | -- |
| 10/04/2021 10/04/21 | For Rent | $1,425 | 0.0% | -- |
| 04/29/2021 04/29/21 | Sold | $250,000 | -9.1% | -- |
| 02/16/2021 02/16/21 | Pending | -- | -- | -- |
| 11/12/2020 11/12/20 | For Sale | $275,000 | 0.0% | -- |
| 11/12/2020 11/12/20 | Price Changed | $275,000 | +10.0% | -- |
| 10/17/2020 10/17/20 | Off Market | $250,000 | -- | -- |
| 05/11/2020 05/11/20 | For Sale | $259,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,251 | $116,062 | $31,433 | $84,629 |
| 2023 | $9,064 | $105,510 | $28,575 | $76,935 |
| 2022 | $8,520 | $98,040 | $26,552 | $71,488 |
| 2021 | $8,350 | $94,396 | $25,565 | $68,831 |
| 2020 | $8,261 | $92,955 | $25,175 | $67,780 |
| 2019 | $8,249 | $91,195 | $24,698 | $66,497 |
| 2018 | $8,250 | $91,195 | $29,135 | $62,060 |
| 2017 | $8,172 | $88,763 | $28,358 | $60,405 |
| 2016 | $8,217 | $87,564 | $27,975 | $59,589 |
| 2015 | -- | $83,251 | $26,597 | $56,654 |
| 2014 | -- | $80,620 | $39,276 | $41,344 |
| 2013 | -- | $76,128 | $20,059 | $56,069 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Seller's Agent in 2021
Doug VanDeMark
Karen Douglas Realty
(630) 251-4652
3 in this area
42 Total Sales
-
A
Buyer's Agent in 2021
Anthony Hansen
Charles Rutenberg Realty of IL
(630) 929-1100
1 in this area
5 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10711534
APN: 12-03-408-001
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