$300,000
PENDING

320 E Main St Colfax, IL 61728

Estimated payment $2,114/month

Total Views 5,032
-- Bed
-- Bath
5,487 Sq Ft
$55 Price per Sq Ft

About This Home

COLFAX - FOR SALE - 10 UNITS - The property is part of the Section 515 program through the U.S. Dept. of Agriculture. The rents are subsidized through this program. All buyers should be knowledgeable and qualified to purchase. Qualified buyers should have working knowledge of these types of government subsidized programs and qualified with the USDA to purchase. Financials available for qualified buyers. This property is being sold as a package with 34 additional units in Gibson City, Illinois. The MLS# for that property is MLS#11617011.

Listing Agent

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 08/30/2022

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,358

Year Built

  • Built in 1984

Lot Details

  • 0.79 Acre Lot
  • Lot Dimensions are 150 x 230

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Gable Roof Shape
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,487 Sq Ft Home
  • 1-Story Property
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Separate Meters

Community Details

  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,358

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 1
  • Year Built: 1984
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 300000
  • Roof: Fiberglass
  • Roof Structure: Gable
  • Misc Outside: Accessible Entrance,Security Lighting

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Separate Meters
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.79
  • Lot Dimensions: 150 X 230
  • Lot Size Sq Ft: 34500
  • Zoning: MULTI
  • Alternate Phone Number: (815) 549-4301

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 21
  • Tenancy Type: Subsidized Rents

Building Info

  • BuildingAreaTotal: 5487
  • Building Unit Info: Accessible,Restriction-Occupancy

Multi Family

  • NumberOfUnitsTotal: 10
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 6358.16
  • Tax Year: 2024

Map

Range of Values:

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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

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 $5,288 $68,778 $5,891 $62,887
2022 $5,288 $56,091 $4,804 $51,287
2021 $4,989 $53,071 $4,545 $48,526
2020 $4,907 $51,924 $4,447 $47,477
2019 $4,909 $51,924 $4,447 $47,477
2018 $4,607 $50,285 $4,307 $45,978
2017 $4,295 $49,059 $4,202 $44,857
2016 $4,212 $48,482 $4,153 $44,329
2015 $4,295 $49,572 $4,246 $45,326
2014 $4,133 $49,208 $4,215 $44,993
2013 -- $52,011 $4,455 $47,556
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Pending -- -- --
08/30/2022 08/30/22 For Sale $300,000 -- $55 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 11617016

Midwest Real Estate Data (MRED)

APN: 17-02-155-012