NOT LISTED FOR SALE
1 Bed
-- Bath
5,520 Sq Ft
0.59 Acres Lot

Sale Details

Date Sold: October 14, 2022

Last sale price $980,000 $178 Per Sq Ft

6 Days on Market

About This Home

As of October 2022

Calling all Investors!!! 333 AND 335 Riley Drive - Great 16 unit property... TWO buildings with 8 units in each building. Many units have been remodeled throughout, many with new LVP flooring! Each unit has its own front & back entrance, dedicated parking space, and tenant pays electric. Many updates including: Newer heaters, lighting, flooring, paint, fixtures, trim/casing, doors, etc... This is a great cash flow property that you will not want to miss! Properties being sold as is. Agent Interest.

Last Agent to Sell the Property

Seth Couillard

Couillard and Company License #475139043 Listed on: 08/08/2022

Couillard and Company

Co-Listed By

Tom Dibble

CORE 3 Commercial Real Estate License #475160875

Last Buyer's Agent

Marti Ryan

Vesta Real Estate LLC License #471020484

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,696

Year Built

  • Built in 1967

Lot Details

  • 25,500 Sq Ft Lot
  • Lot Dimensions are 170x150
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,520 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $8,595
  • Insurance Expense $1,556
  • Other Expense $4,035
  • Trash Expense $100
  • Water Sewer Expense $400
  • Operating Expense $43,896
  • Gross Income $11,475
  • Net Operating Income $99,648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,696

Year Built

Built in 1967

Lot Details

0.59 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Owner
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Other
  • Misc Inside: Laundry Room
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Unpaved

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Gas,Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 100
  • Water Sewer Expenses: 400

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.59
  • Lot Dimensions: 170X150
  • Lot Size Sq Ft: 25500
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 23
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 5520

Multi Family

  • Net Operating Income: 99648
  • Fuel Expense: 8595
  • Insurance Expense: 1556
  • ElectricExpense: 800
  • GrossIncome: 11475
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 43896
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14696
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Oct 14, 2022
Sold by
S & D Homes Llc
Bought by
333-337 Riley Llc
Seller's Agent
Seth Couillard
Couillard and Company
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Outstanding Balance
$1,978,318
Interest Rate
5.89%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 1, 2022
Sold by
Litwiller Douglas R and Litwiller Denise M
Bought by
S & D Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2009
Sold by
Burcham Jack B and Burcham Beverly R
Bought by
Litwiller Douglas R and Litwiller Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
333-337 Riley Llc $980,000 None Listed On Document
S & D Homes Llc $650,000 Alliance Land Title
Litwiller Douglas R $500,000 Mclean County Title
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 333-337 Riley Llc $2,058,000
Previous Owner S & D Homes Llc $975,000
Previous Owner Litwiller Douglas R $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $980,000 -1.5% $178 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $995,000 -- $180 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $9,818 $127,538 $22,150 $105,388
2024 $7,763 $121,086 $21,029 $100,057
2022 $7,763 $91,344 $15,863 $75,481
2021 $7,348 $86,461 $15,015 $71,446
2020 $7,329 $86,461 $15,015 $71,446
2019 $7,307 $86,461 $15,015 $71,446
2018 $7,134 $84,766 $14,721 $70,045
2017 $7,136 $84,766 $14,721 $70,045
2016 $7,124 $84,766 $14,721 $70,045
2015 $7,524 $89,776 $15,591 $74,185
2014 -- $89,776 $15,591 $74,185
2013 -- $89,776 $15,591 $74,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11486641

Midwest Real Estate Data (MRED)

APN: 14-35-377-010

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