$250,000
$25K PRICE INCREASE

400 University Dr Belleville, IL 62221

Estimated payment $1,720/month

Total Views 56,684
4 Beds
2 Baths
2,292 Sq Ft
$109 Price per Sq Ft

Highlights

  • Attached Garage
  • Cooling Available
  • Forced Air Heating System

About This Home

Great 2-unit investment opportunity. Each unit is 2 bedroom 2 bathroom with a 1 car garage. Each tenant pays all utilities. Both units are currently rented. Both units have screened in patios. This property is in a great location, right across the street from SWIC and the Metrolink. Great building for any investor to add to their portfolio!

Listing Agent

Jan Fiss

Nester Realty License #475146875 Listed on: 04/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,874

Year Built

  • Built in 1984

Home Design

  • 2,292 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Driveway

Schools

  • Belle Valley Dist 119 Elementary And Middle School
  • Belleville High School-East

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • Net Operating Income $14,094

Listing and Financial Details

  • Assessor Parcel Number 08-24.0-411-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,874

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Property Sub-Type: Multi-Family 2-4
  • Co List Office Phone: 6240400
  • Subdivision Name: WEATHERSTONE 3RD ADDITION LOT/SEC-3
  • Above Grade Finished Sq Ft: 2292
  • Age: 39
  • Total Expenses: 6786.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Dishwasher(s), Some Disposal(s), Some Fireplace(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Unknown, City
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached Garage - 1-2 Car
  • Driveway: Concrete

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: BELLE VALLEY DIST 119
  • Junior High Dist: Belle Valley DIST 119
  • High School: Belleville High School-East
  • Middle Or Junior School: BELLE VALLEY DIST 119

Lot Info

  • Lot Dimensions: irregular
  • Parcel Number: 08-24.0-411-005

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Leases

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4874

Multi Family

  • Net Operating Income: 14094
  • Type Of Units: 2-Family

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,975 $70,688 $12,109 $58,579
2023 $5,145 $59,424 $11,942 $47,482
2022 $4,899 $54,120 $10,876 $43,244
2021 $4,848 $51,899 $10,430 $41,469
2020 $4,757 $52,534 $9,713 $42,821
2019 $4,363 $45,085 $10,606 $34,479
2018 $4,216 $43,934 $10,335 $33,599
2017 $4,979 $51,697 $10,060 $41,637
2016 $4,977 $49,915 $9,713 $40,202
2014 $4,065 $45,197 $9,254 $35,943
2013 $4,521 $45,197 $9,254 $35,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Price Changed $250,000 +11.1% $109 / Sq Ft
04/14/2023 04/14/23 For Sale $225,000 -- $98 / Sq Ft
Source: MARIS MLS

Purchase History

Date Type Sale Price Title Company
Deed -- Illinois Title & Escrow
Warranty Deed $105,000 Community Title Shiloh Llc
Deed In Lieu Of Foreclosure -- Community Title Shiloh Llc
Warranty Deed $155,000 Benchmark Title Company
Warranty Deed $149,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,733,707 Commercial
Previous Owner $181,600 Seller Take Back
Previous Owner $124,000 Commercial
Previous Owner $151,980 VA
Source: Public Records

Source: MARIS MLS

MLS Number: MIS23020574

MARIS MLS

APN: 08-24.0-411-005