$145,000
UNDER CONTRACT

308 W Adams St Macomb, IL 61455

Estimated payment $1,042/month

Total Views 14,349
9 Beds
-- Bath
3,024 Sq Ft
$48 Price per Sq Ft

Highlights

  • Storage
  • Two Heating Systems
  • Level Lot
  • Guest Parking
  • Multiple cooling system units

About This Home

Investment Opportunity with many updates...close to WIU, Downtown Macomb Square, train depot, restaurants, shopping. This very well-maintained property has 3 apartments; each with 3 bedrooms, 1 bath and a spacious layout. Unit 1 is conveniently on the main level and rents for $750/mo. Unit 2 is a unique 2-story floorplan with kitchen and living room on the main level and bedrooms and bathroom upstairs and rents for $750/mo. Unit 3 is located on the second level with a private entry and rents for $800/mo. Shared common laundry in walkout basement with additional storage. All units are currently rented and tenant occupied, leased until Dec 2025. Tenants Rights and 24-Hour Notice Required for all showings.

Listing Agent

Todd Gilliland

TNT Realty Group, Inc. Brokerage Phone: 309-333-8091 License #475191100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,805

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 60x168
  • Level Lot

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 9 Bedrooms
  • 3,024 Sq Ft Home
  • Storage
  • Unfinished Basement
  • Partial Basement

Parking

  • 9 Parking Spaces
  • Alley Access
  • Guest Parking

Schools

  • Macomb High School

Utilities

  • Multiple cooling system units
  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Trash Expense $700

Listing and Financial Details

  • Assessor Parcel Number 11-100-346-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,805

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1940
  • New Construction: No
  • Structure Type: Triplex
  • PricePerSqFt: 47.95
  • Attribution Contact: Cell: 309-333-8091
  • Special Features: UnderContract

Interior Features

  • Basement: Partial, Unfinished
  • Total Bedrooms: 9
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access, Guest Parking, Oversized
  • Total Parking Spaces: 9

Utilities

  • Heating: Heating Systems - 2+, Forced Air, Gas, Cooling Systems - 2+, Central Air, Gas Water Heater
  • Electric Expense: 600
  • Water Sewer Expenses: 1200
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 3
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 3
  • NumberOfGasMeters: 4
  • NumberOfElectricMeters: 4
  • NumberofWaterMeters: 1
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 700
  • AdvertisingExpense: 0

Schools

  • High School: Macomb

Lot Info

  • Zoning: Residential
  • Lot Size: 60x168
  • Parcel #: 11-100-346-00

Rental Info

  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2805.36
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 27600
  • Annual Operating Expense: 4500

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,805 $22,790 $1,218 $21,572
2023 $2,805 $22,790 $1,218 $21,572
2022 $2,609 $22,081 $1,180 $20,901
2021 $2,504 $22,081 $1,180 $20,901
2020 $2,473 $23,205 $1,177 $22,028
2019 $3,876 $41,531 $5,936 $35,595
2018 $3,709 $35,595 $5,936 $29,659
2017 $3,618 $35,595 $5,936 $29,659
2016 $3,475 $35,218 $5,873 $29,345
2015 $3,420 $34,413 $5,739 $28,674
2014 $3,359 $33,898 $5,653 $28,245
2013 $3,279 $33,898 $5,653 $28,245
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 For Sale $145,000 +20.8% $48 / Sq Ft
04/25/2023 04/25/23 Sold $120,000 -17.2% $79 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $145,000 0.0% $96 / Sq Ft
01/04/2023 01/04/23 Pending -- -- --
12/21/2022 12/21/22 For Sale $145,000 +190.0% $96 / Sq Ft
07/21/2020 07/21/20 Sold $50,000 -33.3% $16 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $75,000 -- $23 / Sq Ft
Source: RMLS Alliance

Deed History

Date Type Sale Price Title Company
Warranty Deed $120,000 None Listed On Document
Warranty Deed $50,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $180,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Previous Owner $67,900 Construction
Previous Owner $91,000 Commercial
Source: Public Records

Source: RMLS Alliance

MLS Number: PA1255842

RMLS Alliance

APN: 11-100-346-00