NOT LISTED FOR SALE

Estimated Value: $159,000 - $184,000

8 Beds
5 Baths
-- Sq Ft
0.93 Acres

Last Sold October 29, 2021

Last sale price $248,000

Est. 15% decrease in value since last sale

Current estimated payment $1,313/month

Highlights

  • Laundry Room
  • Hot Water Heating System
  • 2-minute walk to Bloomington Parks & Recreation

About This Home

As of October 2021

Great five unit building in Downtown Bloomington 3 blocks from the square. Lots of updates. Three units in the main building all have two bedrooms and there are two efficiency units in the back building (303 1/2) All units are rented. On site coin coin operated owned laundry is included laundry. Driveway is included with property and will fit three cars. Plenty of off street parking all hours plus off hour lot parking. Common area courtyard. Lots of character and charm plus updates. Backs up to the Copy Shop. Lots of rehab done over the past 16 years. A unique and special property!

Last Agent to Sell the Property

Tracy Haas Riley

BHHS Central Illinois, REALTORS License #471003669 Listed on: 09/20/2021

BHHS Central Illinois, REALTORS

Co-Listed By

Kristen Oliver

BHHS Central Illinois, REALTORS License #475131047

Last Buyer's Agent

Sam Hazleton

RE/MAX Rising License #475127355

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 50x120

Home Design

  • Gambrel Roof
  • Brick Foundation
  • Composition Roof
  • Steel Siding

Interior Spaces

  • 2-Story Property
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $2,070
  • Fuel Expense $1,145
  • Insurance Expense $1,264
  • Maintenance Expense $2,816
  • Other Expense $3,460
  • Trash Expense $768
  • Water Sewer Expense $1,268
  • Operating Expense $10,116
  • Gross Income $37,260
  • Net Operating Income $27,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1901
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: 48-Hr Notice Required,Leases Avaliable
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Basement Description: Finished
  • Fire Protection: Fire Extinguisher/s,Carbon Monoxide Detector(s)
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 1
  • Dishwashers: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Steel Siding
  • Foundation Details: Brick/Mortar
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Steel Siding
  • Roof Structure: Gambrel

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Fuses
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: Y
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 768
  • Water Sewer Expenses: 1268

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X120
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Security Entrance

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 23
  • Tenancy Type: Month To Month

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 27144
  • Fuel Expense: 1145
  • Insurance Expense: 1264
  • ElectricExpense: 2070
  • GrossIncome: 37260
  • Maintenance Expense: 2816
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 10116
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 2284
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Oct 29, 2021
Sold by
Riley Brian T and Riley Tracy Haas
Bought by
Gudeman Properties Llc
Seller's Agent
Tracy Haas Riley
BHHS Central Illinois, REALTORS
Buyer's Agent
Sam Hazleton
RE/MAX Rising
List Price
$250,000
Sold Price
$248,000
Premium/Discount to List
-$2,000
-0.8%
Current Estimated Value
$210,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,128
Avg. Annual Appreciation
-8.01%
Original Mortgage
$257,000
Outstanding Balance
$45,560
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$128,515

Purchase Details

Closed on
Jul 15, 2005
Sold by
Harris Barbara Alexander
Bought by
Riley Brian T and Riley Tracy Haas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
5.68%
Source: Public Records
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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
Gudeman Properties Llc $273,333 New Title Company Name
Riley Brian T $129,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gudeman Properties Llc $257,000
Previous Owner Riley Brian T $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $248,000 -0.8% --
09/20/2021 09/20/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $250,000 -- --
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 $2,621 $35,648 $5,853 $29,795
2022 $2,621 $30,839 $5,063 $25,776
2021 $2,399 $28,231 $4,635 $23,596
2020 $2,301 $27,145 $4,457 $22,688
2019 $2,294 $27,145 $4,457 $22,688
2018 $2,285 $27,145 $4,457 $22,688
2017 $2,285 $27,145 $4,457 $22,688
2016 $2,281 $27,145 $4,457 $22,688
2015 $2,275 $27,145 $4,457 $22,688
2014 $2,203 $27,145 $4,457 $22,688
2013 -- $27,145 $4,457 $22,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11167211

Midwest Real Estate Data (MRED)

APN: 21-04-406-003