NOT LISTED FOR SALE

305 E Phoenix Ave Unit 305 1/2 Normal, IL 61761

Innovation District Neighborhood

Estimated Value: $203,217 - $242,000

4 Beds
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: November 13, 2020

Last sale price $156,000

Est. 38% increase in value since last sale

Current estimated payment $1,548 / mo

34 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • 1-Story Property

About This Home

As of November 2020

Completely remodeled duplex with a great Location in Normal! Enjoy low maintenance costs as this property has updated plumbing and electrical, new roof, windows, vinyl siding, exterior stairs, a/c units and water heaters. This rental property is located a short distance to uptown Normal. Both units are leased up through May of 2021.

Last Agent to Sell the Property

Travis Deppe

JimMaloof REALTOR® Bloomington License #475190962 Listed on: 08/31/2020

Last Buyer's Agent

Tracy Lockenour

HomeSmart Realty Group Illinois License #475173524

HomeSmart Realty Group Illinois

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,632

Year Built

  • Built in 1972 | Remodeled in 2019

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Colene Hoose Elementary School
  • Chiddix Jr High Middle School
  • Normal Community West High Schoo

Utilities

  • Heating System Uses Natural Gas
  • Private or Community Septic Tank

Community Details

Overview

  • 2 Units
  • Linden Place Subdivision

Building Details

  • Insurance Expense $515
  • Water Sewer Expense $110
  • Gross Income $18,300
  • Net Operating Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,632

Year Built

Built in 1972 | Remodeled in 2019

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Linden Place
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Lot Features: Corner Lot, Sidewalks, Streetlights
  • OtherStructures: None
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unassigned, Parking Lot
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 110

Schools

  • Elementary School: Colene Hoose Elementary
  • High School: Normal Community West High Schoo
  • Middle/Junior School: Chiddix Jr High

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 9100 SQ.FT
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 14000
  • Insurance Expense: 515
  • GrossIncome: 18300
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 3632.16
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
Travis Deppe
JimMaloof REALTOR® Bloomington
Buyer's Agent
Tracy Lockenour
HomeSmart Realty Group Illinois
List Price
$162,500
Sold Price
$156,000
Premium/Discount to List
-$6,500
-4%
Current Estimated Value
$214,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,804
Avg. Annual Appreciation
5.81%
Original Mortgage
$132,600
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2018
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2018
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$104,000 New Title Company Name
$70,500 Stewart Title
-- Vantage Point Title Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $123,750
Closed $132,600
Previous Owner $120,000
Previous Owner $10,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $156,000 -2.4% --
10/04/2020 10/04/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $159,900 -1.6% --
08/31/2020 08/31/20 For Sale $162,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,655 $62,571 $11,723 $50,848
2024 $4,166 $57,331 $10,741 $46,590
2022 $4,166 $46,377 $8,689 $37,688
2021 $4,024 $43,756 $8,198 $35,558
2020 $4,002 $43,302 $8,113 $35,189
2019 $1,780 $19,831 $8,069 $11,762
2018 $3,632 $40,480 $7,984 $32,496
2017 $3,503 $40,480 $7,984 $32,496
2016 $3,465 $40,480 $7,984 $32,496
2015 $3,371 $39,531 $7,797 $31,734
2014 $3,329 $39,531 $7,797 $31,734
2013 -- $39,531 $7,797 $31,734
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Travis Deppe

    JimMaloof REALTOR® Bloomington

  • Tracy Lockenour

    Buyer's Agent in 2020

    Tracy Lockenour

    HomeSmart Realty Group Illinois

    (309) 222-1792

    2 in this area

    197 Total Sales

    Tracy Lockenour
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10840857

Midwest Real Estate Data (MRED)

APN: 14-27-311-007

Illinois Mclean County Normal 61761 Innovation District

305 E Phoenix Ave Unit 305 1/2, Normal, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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