NOT LISTED FOR SALE

303 Bryon Row Mansfield, IL 61854

Estimated Value: $188,000 - $389,000

10 Beds
4 Baths
-- Sq Ft
0.46 Acres

Last Sold November 05, 2020

Last sale price $268,600

Est. 18% increase in value since last sale

Current estimated payment $2,505/month

7 Days on Market

Highlights

  • Ranch Style House
  • Patio
  • Ceiling Fan
  • Corner Lot
  • Forced Air Heating System

About This Home

As of November 2020

High quality townhome complex in Mansfield. Desirable 4 unit building with strong returns. Great layout. Two 3 bedrooms, and two 2 bedrooms all handicap accessible. These units are always rented with long term tenants on a waitlist. They are high quality and cash flow beautifully. These units consistently bring in $2850/month. Tenant pays utilities. Over $33,000 in gross annual revenue, with an annual N.O.I of over 23k. Cap Rate is an attractive 8.3% Other quality units can be purchased in a much larger bundle. Cheap interests rates make it a great time to buy investments. Mansfield is a small community close to Champaign, with limited rental opportunities.

Last Agent to Sell the Property

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 09/10/2020

eXp Realty-Mahomet

Last Buyer's Agent

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 09/10/2020

eXp Realty-Mahomet

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,543

Year Built

  • Built in 1999

Lot Details

  • Lot Dimensions are 132 x 150
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Schools

  • Mansfield Elementary School
  • Blue Ridge Junior High School
  • Blue Ridge High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Private or Community Septic Tank
  • Cable TV Available

Additional Features

  • Ceiling Fan
  • Patio

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $33,516
  • Net Operating Income $23,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,543

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1999
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: BLK 2 LOT 9 10 & 11 MANSFIELDS 3RD ADD
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • Room: 5

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 285000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Assigned, Off Street
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Community Features: Street Paved

Schools

  • Elementary School: Mansfield Elementary School
  • High School: Blue Ridge High School
  • Middle/Junior School: Blue Ridge Junior High School
  • Middle/Junior School District: 18

Lot Info

  • Lot Dimensions: 132 X 150
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • TenantPays: Electric,Gas,Heat,Scavenger,Sewer,Water

Multi Family

  • Net Operating Income: 23646
  • GrossIncome: 33516
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 7543.1
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2003
Current Estimated Value
$317,520
Source: Public Records

Range of Values:

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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
-- $25,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $268,600 -5.8% --
09/17/2020 09/17/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $285,000 -- --
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 $9,209 $104,623 $6,475 $98,148
2022 $8,245 $92,822 $10,964 $81,858
2021 $7,810 $86,750 $10,247 $76,503
2020 $7,635 $83,414 $9,853 $73,561
2019 $7,543 $83,414 $9,853 $73,561
2018 $7,274 $80,789 $9,543 $71,246
2017 $7,252 $79,205 $9,356 $69,849
2016 $7,027 $75,722 $8,945 $66,777
2015 $6,925 $75,722 $8,945 $66,777
2014 $6,925 $75,722 $8,945 $66,777
2013 $6,925 $75,722 $8,945 $66,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10852670

Midwest Real Estate Data (MRED)

APN: 02-00-47-000-278-00