401 E Wood St Colfax, IL 61728
Estimated payment $297/month
Highlights
- Ranch Style House
- Formal Dining Room
- Paneling
- Corner Lot
- Enclosed patio or porch
- Living Room
About This Home
Opportunity awaits in the peaceful village of Colfax. Perched on this wonderful corner lot this one bedroom gem cash flows like wine. Currently a rental property with FULL intention of protecting the tenants residency under an active two year lease that MUST carry with the sale. Squeaky clean little home with low maintenance vinyl flooring throughout. Flat roof and furnace is less than two years old. Tenant pays 500/mon and is responsible for all utilities. Build your income producing profile and seize the moment of this once in a lifetime opportunity to own your own cash cow. Property sold as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,237
Year Built
- Built in 1894
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50x140
- Corner Lot
Home Design
- Ranch Style House
- Brick Foundation
- Block Foundation
- Asphalt Roof
- Rubber Roof
Interior Spaces
- 792 Sq Ft Home
- Paneling
- Ceiling Fan
- Family Room
- Living Room
- Formal Dining Room
- Vinyl Flooring
- Sump Pump
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Bathroom on Main Level
- 1 Full Bathroom
Parking
- 4 Parking Spaces
- Driveway
- Off-Street Parking
- Parking Included in Price
Schools
- Ridgeview Elementary School
- Ridgeview Jr High Middle School
- Ridgeview High School
Additional Features
- Enclosed patio or porch
- Forced Air Heating System
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2022 | $1,135 | $12,038 | $2,512 | $9,526 |
| 2021 | $1,071 | $11,390 | $2,377 | $9,013 |
| 2020 | $1,053 | $11,144 | $2,326 | $8,818 |
| 2019 | $1,054 | $11,144 | $2,326 | $8,818 |
| 2018 | $989 | $10,793 | $2,253 | $8,540 |
| 2017 | $922 | $10,530 | $2,198 | $8,332 |
| 2016 | $904 | $10,406 | $2,172 | $8,234 |
| 2015 | $922 | $10,640 | $2,221 | $8,419 |
| 2014 | $887 | $10,562 | $2,205 | $8,357 |
| 2013 | -- | $11,164 | $2,331 | $8,833 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 04/23/2025 04/23/25 | For Sale | $35,000 | -- | $44 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $33,058 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $15,983 | Stand Alone First | |
| Previous Owner | $85,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $25,554 | Unknown | |
| Closed | $0 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12345946
APN: 17-02-303-006
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