NOT LISTED FOR SALE

400 W Frontage St Sheldon, IL 60966

Estimated Value: $133,304

14 Beds
7 Baths
3,200 Sq Ft
$42/Sq Ft Est. Value

Last Sold February 25, 2016

Last sale price $75,000 $23 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $862/month

181 Days on Market

About This Home

As of February 2016

All electric 7 unit apartment building. Roof replaced 2009, has aluminum siding, 2 units have electric forced air heat, 5 units have electric heat in ceiling. Has a coin operated Washer & Dryer. Most of units have fresh paint, good size rooms. Some of windows have been replaced. Good income producer.

Last Agent to Sell the Property

Timothy Williamson

The Williamson Agency License #471003352 Listed on: 07/15/2015

Last Buyer's Agent

Scott Williamson

The Williamson Agency License #475130925

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 166.5 x 240.75

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Gable Roof Shape
  • Wood Frame Construction
  • Composition Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • No Cooling
  • Heating Available
  • 100 Amp Service
  • Private or Community Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,700
  • Insurance Expense $1,400
  • Maintenance Expense $1,500
  • Other Expense $950
  • Water Sewer Expense $1,100
  • Operating Expense $16,692
  • Gross Income $34,860
  • Net Operating Income $18,168

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,820

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,REO/Lender Owned
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 14
  • Fireplaces: 1
  • Refrigerators: 7
  • Ranges: 7
  • Number of Washers: 1
  • Room: 4
  • Room: 4
  • Room: 4

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 79900
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding
  • Roof Structure: Gable

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Utilities: Septic-Private, Water-Municipal
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Water Sewer Expenses: 1100
  • Janitor Expense: 600

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 166.5 X 240.75
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 21

Building Info

  • BuildingAreaTotal: 3200

Multi Family

  • Net Operating Income: 18168
  • Insurance Expense: 1400
  • ElectricExpense: 1700
  • GrossIncome: 34860
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 16692
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 1820.34
  • Tax Year: 2014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2016 02/25/16 Sold $75,000 -22.7% $23 / Sq Ft
01/12/2016 01/12/16 Pending -- -- --
07/15/2015 07/15/15 For Sale $97,000 -- $30 / Sq Ft
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 $1,587 $16,722 $2,670 $14,052
2023 $1,587 $16,722 $2,670 $14,052
2022 $1,616 $16,722 $2,670 $14,052
2021 $1,713 $16,722 $2,670 $14,052
2020 $1,806 $16,722 $2,670 $14,052
2019 $1,834 $16,722 $2,670 $14,052
2018 $1,879 $16,722 $2,670 $14,052
2017 $2,067 $16,722 $2,670 $14,052
2016 $2,077 $16,722 $2,670 $14,052
2015 $1,820 $16,722 $2,670 $14,052
2014 $1,820 $16,722 $2,670 $14,052
2013 $1,826 $16,722 $2,670 $14,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08984202

Midwest Real Estate Data (MRED)

APN: 27-02-132-004