NOT LISTED FOR SALE

371 Heritage Dr Bourbonnais, IL 60914

Estimated Value: $263,000 - $437,076

8 Beds
7 Baths
-- Sq Ft
0.29 Acres

Last Sold January 31, 2019

Last sale price $260,000

Est. 47% increase in value since last sale

Current estimated payment $2,769/month

110 Days on Market

Highlights

  • 4 Car Attached Garage
  • Patio
  • Paved or Partially Paved Lot
  • Liberty Intermediate School Rated 9+
  • Ceiling Fan
  • Senior Tax Exemptions

About This Home

As of January 2019

Beautifully maintained with modern updates in all apartments. 3 different style apartments in building, newer flooring, and other decorations through out all apartments. This building shows well and has new siding and driveway in past year. It is currently under market on rents, w/coin operated w/d for additional income ($100.00+ monthly). come see this great well maintained investment building, or move into 1 unit and let the others pay your bills!

Last Agent to Sell the Property

Joseph Schlagel

Coldwell Banker Realty License #475172158 Listed on: 08/13/2018

Coldwell Banker Realty

Last Buyer's Agent

Rory Hertzberg

Village Realty, Inc License #475168321

Village Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,760

Lot Details

  • 0.29 Acre Lot
  • Paved or Partially Paved Lot
  • Irregular Lot

Parking

  • 4 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 7 Bathrooms

Additional Features

  • Patio
  • Heating Available

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $28,440
  • Net Operating Income $18,444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,760

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Range Hood,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Garage/Space,Range Hood

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Assigned, Off Street, Driveway
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 9996

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 25X172X149X154 APPROX
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 18444
  • GrossIncome: 28440
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5760
  • Tax Year: 2017
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Trust Number 2791
Bought by
Bede Properties Llc
Current Estimated Value
$381,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$687,205
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
-$306,186

Purchase Details

Closed on
Sep 1, 2021
Sold by
Roderick Burlison Mark
Bought by
Trust Number 2791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Bede Properties Llc $150,000 Kankakee County Title
Trust Number 2791 $290,000 Homestar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bede Properties Llc $740,000
Previous Owner Trust Number 2791 $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2019 01/31/19 Sold $260,000 -8.4% --
12/01/2018 12/01/18 Pending -- -- --
11/06/2018 11/06/18 Price Changed $283,800 0.0% --
10/16/2018 10/16/18 Price Changed $283,900 -0.7% --
08/13/2018 08/13/18 For Sale $285,900 -- --
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 $9,279 $112,040 $19,206 $92,834
2023 $8,534 $103,740 $17,783 $85,957
2022 $7,255 $84,631 $17,140 $67,491
2021 $7,139 $82,769 $16,763 $66,006
2020 $7,085 $80,553 $16,314 $64,239
2019 $5,974 $78,207 $15,839 $62,368
2018 $4,844 $77,051 $15,605 $61,446
2017 $5,760 $75,171 $15,224 $59,947
2016 $4,925 $65,981 $14,999 $50,982
2015 $4,747 $65,327 $14,850 $50,477
2014 $4,559 $65,327 $14,850 $50,477
2013 -- $65,327 $14,850 $50,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10050870

Midwest Real Estate Data (MRED)

APN: 17-09-18-407-004