NOT LISTED FOR SALE

28184 Bowman Ave Alvin, IL 61811

-- Bed
-- Bath
-- Sq Ft
5.8 Acres

Last Sold April 01, 2024

Last sale price $900,000

64 Days on Market

About This Home

As of April 2024

This apartment complex is more than just a property; it's an opportunity to secure a wise investment. With substantial upgrades and maintenance already in place, this offering is poised for immediate returns. A total of 18 units spread across 5 different buildings, offering a mix of townhome and cottage-style apartments. One unit used as owners workshop/ storage, could easily be turned back into a rentable unit. 2-3 bedrooms, 1-2 bath units. Monthly Rent Roll: $12,620. Highly sought after Bismark- Henning School District. Property has already been appraised, reach out to agent receive the copy of the appraisal.

Last Agent to Sell the Property

Ashley Lamb

Brinkoetter REALTORS® License #475182829 Listed on: 08/23/2023

Co-Listed By

Tony Piraino

Brinkoetter REALTORS® License #471021128

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,825

Year Built

  • Built in 1975

Lot Details

  • 5.8 Acre Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Oven

Utilities

  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 14-17-400-012

Community Details

Overview

  • 19 Units

Building Details

  • Operating Expense $80,066
  • Net Operating Income $64,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,825

Year Built

Built in 1975

Lot Details

5.8 Acres

Listing Details

  • Co List Office Mls Id: 3850
  • Co List Office Phone: 217-875-0555
  • Lot Size Acres: 5.8
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1975
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Oven, Refrigerator
  • Owner Pays: Other
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Roof: Shingle
  • Waterfront: No

Utilities

  • Cooling: Other
  • Water Source: Well
  • Sewer: Septic Tank

Schools

  • Junior High Dist: Bismarck-Henning Dist. 1

Lot Info

  • Lot Size Sq Ft: 59664.0
  • Parcel #: 14-17-400-012
  • Zoning: Other
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 64113.0
  • Number Of Units Total: 19
  • Annual Operating Expense: 80066.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10824.74
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Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2024 04/01/24 Sold $900,000 +3.4% --
10/27/2023 10/27/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $870,000 -- --
Source: Central Illinois Board of REALTORS®

Agents Affiliated with this Home

  • Ashley Lamb

    Seller's Agent in 2024

    Ashley Lamb

    Brinkoetter REALTORS®

    (217) 412-6064

    29 Total Sales

    Ashley Lamb
    Section Image
  • Tony Piraino

    Seller Co-Listing Agent in 2024

    Tony Piraino

    Brinkoetter REALTORS®

    (855) 539-8326

    654 Total Sales

    Tony Piraino
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6228682

Illinois Vermilion County Alvin 61811

28184 Bowman Ave, Alvin, IL

Not Listed for Sale

MultiFamily

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