NOT LISTED FOR SALE

331 E Lincoln Ave Barrington, IL 60010

6 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold July 24, 2024

Last sale price $300,000

139 Days on Market

Highlights

  • Traditional Architecture
  • 3-minute walk to Barrington Station
  • Two Heating Systems
  • Hough Street Elementary School Rated A+
  • Balcony
  • 4-minute walk to Memorial Park

About This Home

As of July 2024

Two flat in Downtown Barrington, each with its own entrance and separate utilities. Both units are 3 bedroom/1 bath. Common laundry/storage in basement. Super convenient walk to train/town location. Current long term tenants in place on a month to month basis. Note water/electric/gas for basement are on main floor meters. All existing appliances included. Keep as a 2 flat, convert back to a single family, redevelop.... Consider the possibilities. Rents appear to be considerably below market... The intent is to sell as-is/where-is. Total square footage is 1897 sqf.

Last Agent to Sell the Property

Michael Rein

Baird & Warner License #471006350 Listed on: 02/01/2024

Baird & Warner

Last Buyer's Agent

Rob Morrison

Coldwell Banker Realty License #475132015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,210

Year Built

  • Built in 1884

Lot Details

  • Lot Dimensions are 66x109
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway
  • Parking Space is Owned
  • Unassigned Parking

Outdoor Features

  • Balcony

Schools

  • Hough Street Elementary School
  • Barrington Middle School - Stati
  • Barrington High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Cable TV Available

Community Details

Overview

  • 2 Units
  • 2 Flat

Building Details

  • Gross Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,210

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1884
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, CO Detectors
  • Basement Description: Exterior Access
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Balcony, Storms/Screens, Cable Access
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 5
  • Parking Features: Unassigned, Driveway
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: Y

Schools

  • Elementary School: Hough Street Elementary School
  • High School: Barrington High School
  • Middle/Junior School: Barrington Middle School - Stati

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X109
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 28500
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8210
  • Tax Year: 2022
  • Tax Exemptions: None
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2024 07/24/24 Sold $300,000 0.0% --
06/20/2024 06/20/24 Pending -- -- --
04/24/2024 04/24/24 Off Market $300,000 -- --
02/14/2024 02/14/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $319,900 +47.4% --
08/06/2020 08/06/20 Sold $217,000 -11.4% -- View Prior Sale
06/26/2020 06/26/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $245,000 0.0% --
03/03/2020 03/03/20 Price Changed $245,000 -2.0% --
02/21/2020 02/21/20 Pending -- -- --
11/22/2019 11/22/19 Price Changed $249,900 -3.0% --
10/28/2019 10/28/19 Price Changed $257,500 -6.4% --
10/13/2019 10/13/19 For Sale $275,000 -- --
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
2025 $8,929 $33,000 $8,633 $24,367
2024 $8,929 $39,993 $7,194 $32,799
2023 $8,725 $39,993 $7,194 $32,799
2022 $8,725 $39,993 $7,194 $32,799
2021 $7,829 $31,747 $3,776 $27,971
2020 $7,556 $31,747 $3,776 $27,971
2019 $7,652 $36,366 $3,776 $32,590
2018 $8,381 $38,276 $3,417 $34,859
2017 $8,210 $38,276 $3,417 $34,859
2016 $7,814 $38,276 $3,417 $34,859
2015 $6,501 $29,425 $3,057 $26,368
2014 $6,987 $31,978 $3,057 $28,921
2013 $6,689 $31,978 $3,057 $28,921
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11971126

Midwest Real Estate Data (MRED)