$235,000
SOLD SEP 24, 2025

316 E Bowyer St Bement, IL 61813

4 Beds
4 Baths
-- Sq Ft
1982 Built

Recently Sold

2% Below List Price

5 Days on Market

About This Home

As of September 2025

Fantastic investment opportunity! This 4-unit property features major updates, including a brand new roof, A/C, furnace, and water heater in all four units within the last 2 years-offering peace of mind and reduced maintenance costs. A detached garage located at the back of the property provides additional income potential and is currently not rented. Don't miss this well-maintained multi-unit property with strong rental appeal!

Last Agent to Sell the Property

Carol Meinhart

The Real Estate Group,Inc Brokerage Phone: (217) 840-3328 License #475127814 Listed on: 08/14/2025

The Real Estate Group,Inc

Last Buyer's Agent

Brandon Moore

RE/MAX REALTY ASSOCIATES-CHA License #475119265

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,287

Year Built

  • Built in 1982

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Included in Price

Schools

  • Bement Elementary School
  • Bement Junior High School
  • Bement High School

Additional Features

  • 1-Story Property
  • Lot Dimensions are 120 x 129
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,287

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1982
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: BLK 3 LOT 8 & 9 RUBY'S ADDITION 62 18 3 36
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (217) 840-3328
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Cedar
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site, Owned
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Elementary School: Bement Elementary School
  • High School: Bement High School
  • Middle/Junior School: Bement Junior High School

Lot Info

  • Lot Dimensions: 120 X 129
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 2287
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Bought by
Latham Solutions Llc
Current Estimated Value
$239,235

Purchase Details

Closed on
Oct 17, 2017
Bought by
Hrl Properties & Management Llc

Purchase Details

Closed on
Jan 1, 2003
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

Date Type Sale Price Title Company
Deed $170,000 --
Grant Deed $60,000 --
Warranty Deed $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2025 09/24/25 Sold $235,000 -2.1% --
08/19/2025 08/19/25 Pending -- -- --
08/14/2025 08/14/25 For Sale $240,000 -- --
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 $2,329 $26,545 $4,762 $21,783
2023 $2,287 $26,282 $4,715 $21,567
2022 $1,846 $20,808 $4,938 $15,870
2021 $1,881 $20,808 $4,938 $15,870
2020 $1,887 $20,400 $4,841 $15,559
2019 $1,872 $20,400 $4,841 $15,559
2018 $1,848 $20,000 $4,746 $15,254
2017 $2,779 $29,430 $4,746 $24,684
2016 $2,647 $28,135 $4,537 $23,598
2015 $2,650 $28,135 $4,537 $23,598
2014 $2,650 $28,135 $4,537 $23,598
2013 $2,650 $28,135 $4,537 $23,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12428607

Midwest Real Estate Data (MRED)

APN: 01-00-07-000-555-01