NOT LISTED FOR SALE

400 E Main St Galatia, IL 62935

Estimated Value: $119,000 - $178,626

-- Bed
-- Bath
2,604 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $110,000 $42 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $952/month

12 Days on Market

Highlights

  • Corner Lot
  • Guest Parking
  • Multiple cooling system units
  • 6 Car Attached Garage
  • Two Heating Systems

About This Home

As of April 2024

***INVESTORS*** Three units on one property. All three units are currently rented. 1 is a 2 bed 1 bath house and the other building is 2 apartments that are each 2 bed 1 bath one of which has been completely remodeled. There is an office space in Unit C, two extra garage spaces and 2 sheds. Don't let this great investment opportunity pass you by. Call for an appointment to see this property today!

Last Agent to Sell the Property

Barbara Fritts

House 2 Home Realty Carterville Brokerage Phone: 618-518-7788 License #475.186325 Listed on: 03/05/2024

Last Buyer's Agent

Brooke Schimp

House 2 Home Realty Marion License #475.173795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,516

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 121 x 138
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,604 Sq Ft Home
  • Crawl Space

Parking

  • 6 Car Attached Garage
  • Carport
  • Parking Pad
  • Guest Parking

Schools

  • Galatia Elementary And Middle School
  • Galatia High School

Utilities

  • Multiple cooling system units
  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Durham Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 05--2-003-03

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,516

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1940
  • New Construction: No
  • Structure Type: Apartment Building, Duplex, Other
  • Age55PlusDevelopment: No
  • Attribution Contact: Cell: 618-518-7788
  • Special Features: None

Interior Features

  • Basement: Crawl Space, None

Exterior Features

  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Block, Slab
  • Roof: Metal, Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Attached, Carport, Guest Parking, Parking Pad
  • Total Parking Spaces: 6

Utilities

  • Heating: Heating Systems - 2+, Electric, Forced Air, Gas, Cooling Systems - 2+, Central Air, Electric Water Heater, Gas Water Heater
  • Laundry Features: Private, Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Galatia
  • High School: Galatia
  • Middle Or Junior School: Galatia

Lot Info

  • Lot Size: 121 X 138
  • Parcel #: 05--2-003-03

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4515.86
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 29, 2024
Sold by
Lavern Alecci And Sue Alecci Living Trus and Alecci Mark Douglas
Bought by
Alecci Properties Llc
Seller's Agent
Barbara Fritts
House 2 Home Realty Carterville
Buyer's Agent
Brooke Schimp
House 2 Home Realty Marion
List Price
$175,500
Sold Price
$110,000
Premium/Discount to List
-$65,500
-37.32%
Views
20
Current Estimated Value
$152,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,542
Avg. Annual Appreciation
21.77%
Original Mortgage
$127,500
Outstanding Balance
$119,398
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving
Estimated Equity
$33,144
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alecci Properties Llc $150,000 None Listed On Document
Alecci Properties Llc $150,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alecci Properties Llc $127,500
Closed Alecci Properties Llc $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $110,000 -37.3% $42 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $175,500 -- $67 / Sq Ft
Source: RMLS Alliance

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 $4,974 $67,003 $3,116 $63,887
2023 $4,869 $57,936 $2,694 $55,242
2022 $4,516 $53,884 $2,506 $51,378
2021 $4,289 $48,985 $2,278 $46,707
2020 $4,215 $47,517 $2,210 $45,307
2019 $4,277 $47,517 $2,210 $45,307
2018 $4,307 $47,517 $2,210 $45,307
2017 $4,174 $47,517 $2,210 $45,307
2016 $19 $21,615 $2,210 $19,405
2015 -- $21,615 $2,210 $19,405
2014 $3,333 $21,615 $2,210 $19,405
2013 $3,333 $21,615 $2,210 $19,405
2012 $3,333 $21,615 $2,210 $19,405
Source: Public Records

Agents Affiliated with this Home

  • Barbara Fritts

    Seller's Agent in 2024

    Barbara Fritts

    House 2 Home Realty Carterville

    (618) 518-7788

    67 Total Sales

    Barbara Fritts
    Section Image
  • Brooke Schimp

    Buyer's Agent in 2024

    Brooke Schimp

    House 2 Home Realty Marion

    (618) 926-6713

    127 Total Sales

    Brooke Schimp
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: QC4250682

RMLS Alliance

APN: 05-2-003-03

Illinois Saline County Galatia 62935

400 E Main St, Galatia, IL

Not Listed for Sale

MultiFamily

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