NOT LISTED FOR SALE

Estimated Value: $211,000 - $252,000

6 Beds
6 Baths
-- Sq Ft
5,401 Sq Ft Lot

Sale Details

Date Sold: November 8, 2024

Last sale price $440,000

Est. 46% decrease in value since last sale

Current estimated payment $1,384 / mo

31 Days on Market

Highlights

  • Lake Front
  • Solar Power System
  • Property is near park
  • Centennial High School Rated A-
  • Community Lake
  • Tennis Courts

About This Home

As of November 2024

Duplex opportunities available in NW Champaign backing up to the water. 8 have already sold. At only 4 years old, this package is bringing in $183,600 in annual rent. All units are currently at. 1800/month one at 1900. There are comps that are renting for as high as 2100/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit (and are paid for) with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 4 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. It's a great "Value-Add" opportunity by simply increasing the rents. Most tenants are long term tenants. Half of these units actually happen to back up to the water, so just great views to enjoy. There is a community common area less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Leases on file. NOTE: Owner owns a total of 14 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Owner is only selling to completely dissolve their portfolio and heading to retirement.

Last Agent to Sell the Property

Nate Evans

Nate Evans Group License #475124281 Listed on: 08/16/2024

Last Buyer's Agent

Hazem Jaber

Coldwell Banker R.E. Group License #475115467

Coldwell Banker R.E. Group
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,620

Year Built

  • Built in 2021

Lot Details

  • Lot Dimensions are 84x220
  • Lake Front
  • Additional Parcels

Parking

  • 4 Car Attached Garage
  • Parking Included in Price

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Water Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Urbana High School

Additional Features

  • Solar Power System
  • Patio
  • Property is near park
  • Forced Air Heating System

Community Details

Overview

  • 2 Units
  • Community Lake

Recreation

  • Tennis Courts

Building Details

  • Gross Income $46,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,620

Year Built

Built in 2021

Lot Details

5,401 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2021
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 326B BOULDER RIDGE 3RD SUB LOT 326A BOULDER RIDGE 3RD SUB
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Garage/Space,Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Patio
  • Lot Features: Lake Front, Water View
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Tennis Court(s), Lake, Curbs, Sidewalks

Schools

  • Elementary School: Champaign Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Champaign Junior High School

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 84X220
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Green Features

  • GreenEnergyEfficient: Photovoltaic/Solar System

Rental Info

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

Multi Family

  • GrossIncome: 46800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 9620
  • Tax Year: 2023

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 16, 2024
Closed on
Nov 8, 2024
Sold by
Bought by
Seller's Agent
Nate Evans
Nate Evans Group
Buyer's Agent
Hazem Jaber
Coldwell Banker R.E. Group
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Views
4
Current Estimated Value
$238,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$201,811
Avg. Annual Appreciation
-28.89%
Original Mortgage
$165,000
Outstanding Balance
$162,291
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$75,898
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$220,000 None Listed On Document
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 $165,000
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
11/08/2024 11/08/24 Sold $440,000 -2.2% --
09/16/2024 09/16/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $450,000 -- --
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 $933 $6,569
2024 $959 $6,569
2023 $959 $8,635 $1,725 $6,910
2022 $971 $8,635 $1,725 $6,910
2021 $1,012 $20,075 $4,015 $16,060
2020 $1,075 $19,650 $3,930 $15,720
2019 $1,020 $18,065 $3,610 $14,455
2018 $883 $8,635 $1,725 $6,910
2017 $688 $8,635 $1,725 $6,910
2016 $713 $8,635 $1,725 $6,910
2015 $666 $8,635 $1,725 $6,910
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12140206

Midwest Real Estate Data (MRED)

APN: 41-20-04-422-015

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