NOT LISTED FOR SALE

400 S Main St Wilmington, IL 60481

14 Beds
10 Baths
-- Sq Ft
0.3 Acres

Last Sold June 22, 2020

Last sale price $550,000

8 Days on Market

Highlights

  • Corner Lot
  • Courtyard
  • Storage Room
  • L.J. Stevens Intermediate School Rated A-
  • Laundry Room
  • Baseboard Heating

About This Home

As of June 2020

Great rental building opportunity! Original owner is ready to sell these extremely, well built sister buildings! 10 total apartments include 6 one bedroom units and 4 two bedroom units. Each building has its own PIN. Property tax amount reflects both tax bills. Building sold As-Is.

Last Agent to Sell the Property

Jerrick Longest

@properties Christie's International Real Estate License #475154125 Listed on: 03/10/2020

@properties Christie's International Real Estate

Co-Listed By

Ivana Longest

@properties Christie's International Real Estate License #475154124

Last Buyer's Agent

Teddy Dow

Coldwell Banker Real Estate Group License #475158436

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,385

Year Built

  • Built in 1957

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 110x123
  • Corner Lot
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Gable Roof Shape
  • Block Foundation
  • Composition Roof
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Fire and Smoke Detector
  • Unfinished Basement

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Baseboard Heating
  • Gravity Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $799
  • Insurance Expense $6,060
  • Maintenance Expense $4,500
  • Trash Expense $1,272
  • Water Sewer Expense $4,551
  • Operating Expense $27,037
  • Gross Income $61,800
  • Net Operating Income $34,763

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,385

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1957
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Court Approval Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 14
  • Basement Description: Unfinished
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 10
  • Ranges: 10
  • Number of Windows: 10
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Block, Stone
  • Foundation Details: Block, Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 585000
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Stone
  • Roof Structure: Gable

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Electric,Gravity,Baseboard,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1272
  • Water Sewer Expenses: 4551
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.3
  • Lot Dimensions: 110X123
  • Lot Size Sq Ft: 13530
  • Zoning: MULTI
  • Alternate Phone Number: (773) 617-8440

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 2

Multi Family

  • Net Operating Income: 34763
  • Insurance Expense: 6060
  • ElectricExpense: 799
  • GrossIncome: 61800
  • Maintenance Expense: 4500
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 27037
  • Expense Year: 2019
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 13385
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 1999
Sold by
Keeley Roy R and Keeley Verna Mae
Bought by
Roy Robert Keeley 1999 Living Trust
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 Buyer Sale Price Title Company
Roy Robert Keeley 1999 Living Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $550,000 -6.0% --
03/18/2020 03/18/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $585,000 -- --
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
2023 $9,978 $131,783 $16,658 $115,125
2022 $10,204 $131,783 $16,658 $115,125
2021 $10,389 $161,783 $16,658 $145,125
2020 $5,439 $67,583 $16,658 $50,925
2019 $5,448 $67,583 $16,658 $50,925
2018 $5,478 $67,583 $16,658 $50,925
2017 $5,531 $67,583 $16,658 $50,925
2016 $5,505 $67,583 $16,658 $50,925
2015 $5,689 $67,583 $16,658 $50,925
2014 $5,689 $67,583 $16,658 $50,925
2013 $5,689 $67,583 $16,658 $50,925
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10662288

Midwest Real Estate Data (MRED)

APN: 03-17-36-106-007