$220,000
SOLD JUL 30, 2021

333 S Steffler St Rantoul, IL 61866

12 Beds
6 Baths
-- Sq Ft
0.26 Acres

Recently Sold

21% Below List Price

90 Days on Market

About This Home

As of July 2021

CASHFLOW from Day 1 with this NEWLY RENOVATED 6 unit Apartment Complex. Turnkey property was gutted down to the studs and now is completely rehabbed. All spacious 2 Bedroom, 1 bath units have brand new flooring, professionally painted gray interiors with white trim. Kitchens all pop with ceramic backsplashes, new countertops, new cabinets, and new appliances. Bathrooms have new vanities and have been completely rehabbed. Brick exterior has been completely painted and refreshed with all New Windows. Great common area front yard for tenants to use. Security Cameras throughout and secured entrance for second level. Pro Forma Projection* All units expected to rent out at $675 a unit for a projected yearly gross income of $48,600. Property being sold for projected 5.75 Gross Rent Multiplier and projected Cap Rate of 8.68 *All numbers portrayed are owner estimates as property is currently vacant due to construction just now being completed and has just begun accepting Rental Applications.

Last Agent to Sell the Property

J Leman

eXp Realty-Champaign License #475184798 Listed on: 04/02/2021

eXp Realty-Champaign

Last Buyer's Agent

Natalie Nielsen

Pathway Realty, PLLC License #471021839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,398

Year Built

  • Built in 1974

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 87x130

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Separate Meters

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,398

Year Built

Built in 1974

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: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOTS 13, PT 14 BLOCK 1 CHANUTE ADD
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Frontage Type: City Street
  • List Price: 269900
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.26
  • Lot Dimensions: 87X130
  • Lot Size Sq Ft: 11310
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 22

Multi Family

  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 3397.76
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Jul 26, 2021
Sold by
333 S Steffler Llc
Bought by
Deca Holdings Llc
Seller's Agent
J Leman
eXp Realty-Champaign
Buyer's Agent
Natalie Nielsen
Pathway Realty, PLLC
List Price
$279,900
Sold Price
$220,000
Premium/Discount to List
-$59,900
-21.4%
Current Estimated Value
$172,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,806
Avg. Annual Appreciation
-5.83%
Original Mortgage
$245,000
Outstanding Balance
$222,039
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$49,845

Purchase Details

Closed on
May 21, 2021
Sold by
White Dominique D and White Dominque D
Bought by
333 S Steffler Llc

Purchase Details

Listed on
Dec 6, 2019
Closed on
Jun 17, 2020
Sold by
First Mid Bank & Trust Na
Bought by
The A Plus Service Group Llc
Seller's Agent
Andrea Poling
LANDMARK REAL ESTATE
Buyer's Agent
Carol Meinhart
The Real Estate Group,Inc
List Price
$89,900
Sold Price
$39,000
Premium/Discount to List
-$50,900
-56.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.98%

Purchase Details

Closed on
Jul 22, 2019
Sold by
Leonard Richard A
Bought by
First Mid Bank & Trust

Purchase Details

Closed on
Nov 9, 2010
Sold by
First Bank & Trust Sb
Bought by
Leonard Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 29, 2010
Sold by
Maatuka Jamal Arthur and Maatuka Shayla Louise
Bought by
First Bank & Trust Sb

Purchase Details

Closed on
Oct 17, 2006
Sold by
Indeed Realty Llc
Bought by
Maatuka Shayla L and Maatuka Jamal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,750
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2005
Sold by
Davis Harold and Davis Ollie
Bought by
Indeed Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2005
Sold by
Popes Select Properties Llc
Bought by
Davis Harold and Davis Ollie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2003
Sold by
Champaign Investment Llc
Bought by
Pope Garry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 None Available
Warranty Deed -- Attorney
Special Warranty Deed $40,000 Attorney
Warranty Deed -- Attorney
Corporate Deed $120,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $125,000 None Available
Quit Claim Deed -- --
Warranty Deed $130,000 --
Warranty Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Open $245,000 Commercial
Closed $245,000 Commercial
Previous Owner $140,000 Future Advance Clause Open End Mortgage
Previous Owner $152,000 Unknown
Previous Owner $128,750 Purchase Money Mortgage
Previous Owner $104,000 Purchase Money Mortgage
Previous Owner $100,000 Unknown
Previous Owner $85,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $220,000 -21.4% --
07/01/2021 07/01/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $279,900 +617.7% --
06/16/2020 06/16/20 Sold $39,000 -56.6% --
06/12/2020 06/12/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $89,900 +80.2% --
06/09/2020 06/09/20 Price Changed $49,900 +27.9% --
06/04/2020 06/04/20 Off Market $39,000 -- --
06/03/2020 06/03/20 For Sale $89,900 +130.5% --
06/01/2020 06/01/20 Off Market $39,000 -- --
12/06/2019 12/06/19 For Sale $89,900 -- --
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
2024 $4,265 $47,470 $8,500 $38,970
2023 $4,265 $42,340 $7,580 $34,760
2022 $3,992 $37,810 $6,770 $31,040
2021 $3,824 $35,300 $6,320 $28,980
2020 $3,543 $34,110 $6,110 $28,000
2019 $3,398 $32,770 $5,870 $26,900
2018 $3,612 $31,090 $5,570 $25,520
2017 $3,626 $30,210 $5,410 $24,800
2016 $3,554 $30,210 $5,410 $24,800
2015 $3,536 $30,210 $5,410 $24,800
2014 $3,477 $30,210 $5,410 $24,800
2013 $3,457 $30,890 $5,530 $25,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11041184

Midwest Real Estate Data (MRED)

APN: 20-09-02-178-027