NOT LISTED FOR SALE

275 N Main St Leland, IL 60531

Estimated Value: $190,192 - $233,000

4 Beds
3 Baths
-- Sq Ft
0.33 Acres

Last Sold July 16, 2024

Last sale price $150,000

Est. 43% increase in value since last sale

Current estimated payment $1,490/month

100 Days on Market

About This Home

As of July 2024

Investors! Great Rental Here! 3 Unit That is fully Rented. 2 - 1 bedroom units and a 2 bedroom unit. Total of $1525 per month rental income. Tenants pay utilities except for Garbage and Water which is paid for by Landlord. Water Softener is rented and serviced by the Landlord. Yard care is provided by the Landlord. Roof is 5 to 7 years old. House Painted 3 years ago. Septic pumped in 2023. Entire house was rewired in the early 80's. 200 AMP service to the 2 bedroom unit. 100 Amp service to each of the single bedroom units. Each unit has independent breaker box. Forced Air Heat to the 2 bedroom Unit. Electric Baseboard to other single bedroom Units. Fridge, Stove and Window Unit in each unit owned by the Landlord. Landlord holding security deposits. No Laundry hookups in Building. Great opportunity with great return!

Last Agent to Sell the Property

Nathan Gudmunson

Coldwell Banker Real Estate Group License #475185944 Listed on: 03/09/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

Nathan Gudmunson

Coldwell Banker Real Estate Group License #475185944 Listed on: 03/09/2024

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,140

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 108 x 132
  • Additional Parcels

Home Design

  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Basement Cellar

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Off-Street Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Private or Community Septic Tank

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,150
  • Trash Expense $600
  • Water Sewer Expense $430
  • Gross Income $18,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,140

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Sump Pump
  • Basement Description: Cellar
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 175000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • OpenParkingSpaces: 4
  • Parking Features: Off Alley, Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Heating: Natural Gas, Electric, Forced Air, Baseboard
  • Water Source: Public

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 430
  • Other Expenses $: 450

Schools

  • Middle/Junior School District: 1

Lot Info

  • Additional Parcels Description: 0408200005
  • Additional Parcels: Yes
  • Lot Size Acres: 0.33
  • Lot Dimensions: 108 X 132
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Insurance Expense: 1150
  • GrossIncome: 18300
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 4140
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
Jul 16, 2024
Sold by
Miller Brian T and Trust Number 101 Trust Number 101
Bought by
Ohme Kevon B
Seller's Agent
Nathan Gudmunson
Coldwell Banker Real Estate Group
Buyer's Agent
Nathan Gudmunson
Coldwell Banker Real Estate Group
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Views
214
Current Estimated Value
$214,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,298
Avg. Annual Appreciation
26.51%
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
Ohme Kevon B $150,000 Wheatland Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $150,000 -14.3% --
06/18/2024 06/18/24 Pending -- -- --
03/09/2024 03/09/24 For Sale $175,000 -- --
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 $4,298 $48,102 $1,630 $46,472
2023 $3,897 $42,489 $1,440 $41,049
2022 $3,729 $40,217 $4,465 $35,752
2021 $3,437 $36,842 $4,090 $32,752
2020 $3,300 $35,107 $3,897 $31,210
2019 $3,218 $33,659 $3,736 $29,923
2018 $3,113 $32,417 $3,598 $28,819
2017 $2,446 $31,027 $3,444 $27,583
2016 $2,427 $30,977 $3,438 $27,539
2015 -- $28,733 $3,189 $25,544
2012 -- $32,491 $3,607 $28,884
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11998293

Midwest Real Estate Data (MRED)

APN: 04-08-200004