NOT LISTED FOR SALE

2801 Iowa St Granite City, IL 62040

Estimated Value: $168,000 - $195,036

-- Bed
8 Baths
4,216 Sq Ft
$42/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $120,000 $28 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,300/month

704 Days on Market

About This Home

As of March 2021

"Duplicate listing of MLS#19030846". Fully occupied 8-plex with positive cash flow priced to sell. Local property manager. No for sale sign in yard and no lockbox. Please do not disturb tenants. Owner and / or listing agent to be present at all showings. Balance sheet with net operating income attached to listing.

Last Agent to Sell the Property

Chad Davis

Coldwell Banker Brown Realtors License #471.022112 Listed on: 04/26/2019

Coldwell Banker Brown Realtors

Last Buyer's Agent

Nick Lercher

CR Holland Real Estate LLC License #475136084

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,397

Year Built

  • Built in 1926

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 120

Parking

  • On-Street Parking

Home Design

  • 4,216 Sq Ft Home
  • Brick or Stone Veneer Front Elevation

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 8 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 22-2-20-17-09-103-012

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,397

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Cross Street: East 28th Street
  • Municipality Township: Granite City
  • Special Description: No Exemptions
  • Age: 95
  • Ownership: Private
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 4216

Exterior Features

  • Construction: Brk/Stn Veneer Frnt

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating: Forced Air

Lot Info

  • Lot Dimensions: 40 X 120
  • Lot Sq Ft: 4792
  • Location: City
  • Acres: 0.1100

Rental Info

  • Tenancy Type: Leases

Multi Family

  • Building Number: 1
  • Gross Operating Income: 53760.00
  • Total Units: 8
  • Total Expenses: 29612.00

Tax Info

  • Taxes Paid: 3673
  • Assessor Parcel Number: 22-2-20-17-09-103-012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2019
Closed on
Mar 26, 2021
Sold by
Luetkemeyer Holdings Inc
Bought by
Le Duc and Le Jillian
Seller's Agent
Chad Davis
Coldwell Banker Brown Realtors
Buyer's Agent
Nick Lercher
CR Holland Real Estate LLC
List Price
$225,000
Sold Price
$120,000
Premium/Discount to List
-$105,000
-46.67%
Current Estimated Value
$177,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,509
Avg. Annual Appreciation
8.92%
Original Mortgage
$96,000
Outstanding Balance
$86,395
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$91,114

Purchase Details

Closed on
Mar 29, 2011
Sold by
Noeth Mildred S
Bought by
Luetkemeyer Holdings Incorporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2010
Sold by
Noeth Mildred S
Bought by
Noeth Mildred S
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
Le Duc $120,000 First American Title Insuran
Luetkemeyer Holdings Incorporation $82,500 Southern Illinois Real Estat
Noeth Mildred S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Duc $96,000
Previous Owner Luetkemeyer Holdings Incorporation $82,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $120,000 -31.4% $28 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
11/26/2019 11/26/19 Price Changed $175,000 -10.3% $42 / Sq Ft
08/07/2019 08/07/19 Price Changed $195,000 -2.5% $46 / Sq Ft
06/21/2019 06/21/19 Price Changed $200,000 -11.1% $47 / Sq Ft
04/26/2019 04/26/19 For Sale $225,000 -- $53 / Sq Ft
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 $4,397 $50,450 $2,960 $47,490
2023 $4,397 $45,470 $2,670 $42,800
2022 $4,330 $41,670 $2,450 $39,220
2021 $4,042 $39,080 $2,300 $36,780
2020 $3,949 $37,330 $2,200 $35,130
2019 $3,835 $35,390 $2,090 $33,300
2018 $3,743 $34,360 $2,030 $32,330
2017 $3,674 $35,640 $2,110 $33,530
2016 $3,746 $35,640 $2,110 $33,530
2015 $3,377 $35,640 $2,110 $33,530
2014 $3,377 $35,640 $2,110 $33,530
2013 $3,377 $35,640 $2,110 $33,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS19030871

MARIS MLS

APN: 22-2-20-17-09-103-012