NOT LISTED FOR SALE

318 N Sherman Ave Macomb, IL 61455

Estimated Value: $71,797 - $80,000

6 Beds
3 Baths
2,914 Sq Ft
$27/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $55,500 $19 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $610/month

344 Days on Market

About This Home

As of October 2021

INCREDIBLE INVESTMENT OPPORTUNITY JUST 1/2 BLOCK FROM SHERMAN HALL! THIS BRICK HOME HAS 2 UNITS THAT ARE RENT READY AND AVAILABLE. THERE IS A 3RD UNIT IN THE BASEMENT THAT WOULD NEED SIGNIFICANT WORK TO MAKE RENT READY, HOWEVER, EGRESS WINDOWS ARE INSTALLED FOR LEGAL BEDROOM OCCUPANCY. CURRENTLY THE OWNER IS ALLOWING THE LARGER UNIT UPSTAIRS TO ACCESS THE DOWNSTAIRS UNIT FOR ACCESS TO AN ADDITIONAL BATHROOM. IF YOU COMBINE THIS PROPERTY WITH 230 N SHERMAN AVE YOU HAVE THE BEGINNING OF AN ATTRACTIVE REAL ESTATE PORTFOLIO WITH THESE TWO BRICK BUILDINGS. CURRENT ECONOMIC INFORMATION AVAILABLE UPON REQUEST.

Last Agent to Sell the Property

Richard Westen

RE/MAX Unified Brokers License #471019876 Listed on: 10/01/2020

RE/MAX Unified Brokers

Last Buyer's Agent

Kenny Meyer

eXp Realty, LLC License #475191724

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,545

Year Built

  • Built in 1920

Lot Details

  • 9,583

Schools

  • Macomb Lincoln Elementary School
  • Macomb High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,545

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: LOT 3 - SUB OF LOTS 3 THRU 13 BLK 1 MCDONOUGHS 2ND ADD
  • Lvt Date: 10/05/2020
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dryers: 1
  • Number of Ranges: 3
  • Number Refrigerators: 3
  • Number Washers: 1
  • Basement: Brick
  • Price Per Sq Ft: 19.05
  • Total Sq Ft: 2914

Exterior Features

  • Exterior: Brick
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 6

Utilities

  • Heating Cooling: Forced Air, Gas, No Cooling
  • Water Sewer: Public Sewer, Public Water

Schools

  • Elementary School: Macomb Lincoln
  • Middle School: Edison
  • High School: Macomb
  • Elementary School: Macomb Lincoln
  • High School: Macomb

Lot Info

  • Estimated Lot Size: 54 X 174
  • Lot Description: Level
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Tax Info

  • Annual Taxes: 2545.04
  • Parcel Id Number Tax Id: 11-100-743-00
  • Tax Year: 2020

Multi Family

  • Total Number Units: 3
  • Total Number Electric Meters: 3
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Edison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2025
Sold by
Verner Vanessa
Bought by
Sim Robert
Total Days on Market
344
Current Estimated Value
$77,449

Purchase Details

Listed on
Oct 1, 2020
Closed on
Oct 6, 2021
Sold by
Collins Scott R and Stc Investments
Bought by
Sim Robert and Verner Vanessa
Seller's Agent
Richard Westen
RE/MAX Unified Brokers
Buyer's Agent
Kenny Meyer
eXp Realty, LLC
List Price
$64,900
Sold Price
$55,500
Premium/Discount to List
-$9,400
-14.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
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
Sim Robert -- None Listed On Document
Sim Robert $55,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Collins Scott R $22,800
Previous Owner Collins Scott R $642,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $55,500 -14.5% $19 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $64,900 0.0% $22 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
10/01/2020 10/01/20 For Sale $64,900 -- $22 / Sq Ft
Source: RMLS Alliance

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 $2,126 $23,458 $1,161 $22,297
2023 $2,181 $23,458 $1,161 $22,297
2022 $1,977 $22,729 $1,125 $21,604
2021 $2,577 $22,729 $1,125 $21,604
2020 $2,545 $26,237 $3,564 $22,673
2019 $2,537 $23,300 $3,663 $19,637
2018 $3,295 $31,623 $3,663 $27,960
2017 $3,214 $31,623 $3,663 $27,960
2016 $3,087 $31,288 $3,624 $27,664
2015 $3,038 $30,572 $3,541 $27,031
2014 $2,984 $30,114 $3,488 $26,626
2013 $2,913 $30,114 $3,488 $26,626
Source: Public Records

Agents Affiliated with this Home

  • Richard Westen

    Seller's Agent in 2021

    Richard Westen

    RE/MAX Unified Brokers

    (309) 837-2273

    202 Total Sales

    Richard Westen
    Section Image
  • Kenny Meyer

    Buyer's Agent in 2021

    Kenny Meyer

    eXp Realty, LLC

    (309) 255-0497

    124 Total Sales

    Kenny Meyer
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1219448

RMLS Alliance

APN: 11-100-743-00

Illinois Mcdonough County Macomb 61455

318 N Sherman Ave, Macomb, IL

This home is located at 318 N Sherman Ave, Macomb, IL 61455 since 01 October 2020 and is currently estimated at $77,449, approximately $26 per square foot. This property was built in 1920. 318 N Sherman Ave is a home located in McDonough County with nearby schools including Lincoln Elementary School, Edison Elementary School, and Macomb Junior High School.

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.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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