NOT LISTED FOR SALE

Estimated Value: $250,000 - $260,000

4 Beds
4 Baths
1,096 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $190,000 $173 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,868/month

76 Days on Market

About This Home

As of May 2021

Nestled two blocks from downtown Urbana this 4 unit features 3 well maintained 1bedroom apartments and 1 super cute studio unit. Large windows, hardwood floors, and free parking make these apartments easy to rent and attractive to great tenants. Rents are currently 550,635,525, and 635. Tenants pay their own electric and wifi. Coin operated laundry in the basement and 4 parking spots out back. West Urbana portfolio for sale includes the following properties 302 West Locust: 624,000 12 one bedroom apartments 709 West Illinois: 244,000 2 three bedroom apartments 602 Busey: 164,000 3 one bedroom apartments 703 West High: 159,000 1 one bedroom apartment/1 three bedroom apartment 103 Coler: 224,000 4 one bedroom apartments 304 Locust: 199,000 4 one bedroom apartments 509 Nevada: 274,000 2 one bedroom apartments/3 studio apartments/1 four bedroom apartment 1008 Busey: 474,000 5 large 2 bedroom apartments/ 2 studio apartments Total units: 40 total apartments Total price: $2,363,000 Total gross rents: $26,904

Last Agent to Sell the Property

Jonah Weisskopf

Weiner Co., Ltd. License #475155882 Listed on: 12/17/2020

Last Buyer's Agent

J Leman

eXp Realty-Champaign License #475184798

eXp Realty-Champaign

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,834

Year Built

  • 1920

Lot Details

  • 8,276

Home Design

  • Vinyl Siding

Parking

  • Parking Available
  • Parking Space is Owned

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Gas

Listing and Financial Details

  • $1,085 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,834

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • Age: 91-100 Years
  • Full Bathrooms: 4
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 4
  • Estimated Year Built: 1920
  • Type Multi: 4 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Number Of Rooms: 4
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 4
  • Above Grade Bedrooms: 4

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 4
  • Parking: Space/s
  • Number Parking Spaces: 4
  • Parking On Site: Yes
  • Parking Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas

Schools

  • School District: 116
  • Elementary School: Leal Elementary School
  • Middle School: Urbana Middle School
  • High School: Urbana High School
  • Junior High Dist: 116

Lot Info

  • Lot Dimensions: 66X120
  • Parcel Identification Number: 912108383008

Multi Family

  • Total Number Unitsin Building: 4
  • Full Baths In Building: 4

Tax Info

  • Taxes: 4591

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2020
Closed on
Apr 30, 2021
Sold by
Footprint Leasing Llc
Bought by
Fernandez Karlo
Seller's Agent
Jonah Weisskopf
Weiner Co., Ltd.
Buyer's Agent
J Leman
eXp Realty-Champaign
List Price
$194,000
Sold Price
$190,000
Premium/Discount to List
-$4,000
-2.06%
Current Estimated Value
$254,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,198
Avg. Annual Appreciation
6.56%
Original Mortgage
$186,558
Outstanding Balance
$167,911
Interest Rate
2.53%
Mortgage Type
FHA
Estimated Equity
$82,221

Purchase Details

Closed on
Apr 1, 2011
Sold by
Cassel Chad L
Bought by
Fast Track Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2004
Sold by
Schimmel Robert J
Bought by
Cassel Chad L

Purchase Details

Closed on
Dec 30, 2003
Sold by
S & C Properties
Bought by
Schimmel Robert J
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
Fernandez Karlo $190,000 Act
Fast Track Realty Llc $160,000 None Available
Cassel Chad L $123,000 --
Schimmel Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Karlo $186,558
Previous Owner Footprint Leasing Llc $144,000
Previous Owner Footprint Leasing Llc $36,000
Previous Owner Fast Track Realty Llc $128,000
Previous Owner Fast Track Realty $80,000
Previous Owner Cassel Chad L $80,000
Previous Owner Cassel Chad L $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $190,000 -2.1% $173 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
12/17/2020 12/17/20 For Sale $194,000 -- $177 / Sq Ft
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 $5,834 $60,110 $16,800 $43,310
2023 $5,834 $54,850 $15,330 $39,520
2022 $5,467 $50,510 $14,120 $36,390
2021 $5,081 $47,070 $13,160 $33,910
2020 $4,726 $43,940 $12,290 $31,650
2019 $4,592 $43,940 $12,290 $31,650
2018 $4,571 $44,250 $12,380 $31,870
2017 $4,729 $44,250 $12,380 $31,870
2016 $4,703 $44,250 $12,380 $31,870
2015 $4,755 $44,250 $12,380 $31,870
2014 $4,691 $44,250 $12,380 $31,870
2013 $4,629 $44,250 $12,380 $31,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10955167

Midwest Real Estate Data (MRED)

APN: 91-21-08-383-008