NOT LISTED FOR SALE

402 S Chanute St Rantoul, IL 61866

Estimated Value: $82,845 - $106,000

5 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold April 02, 2019

Last sale price $62,000

Est. 57% increase in value since last sale

Current estimated payment $633/month

1,050 Days on Market

About This Home

As of April 2019

Everything is new and has been updated in the past 5 years! Current owner completely gutted the interior--- take advantage of this opportunity to make income on a well maintained and updated property! OR buy this and lease the second floor to pay your mortgage... the possibilities are endless!

Last Agent to Sell the Property

Creg McDonald

Realty Select One License #471008296 Listed on: 03/11/2016

Last Buyer's Agent

Carol Meinhart

The Real Estate Group,Inc License #475127814

The Real Estate Group,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $957

Year Built

  • Built in 1949

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Rantoul Elementary School
  • Rantoul Junior High School
  • Rantoul City District High School

Additional Features

  • Crawl Space
  • Heating Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$957

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1949
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 1 CHANUTE ADDITION
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood

Exterior Features

  • List Price: 64000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Schools

  • Elementary School: RANTOUL ELEMENTARY SCHOOL
  • High School: RANTOUL CITY DISTRICT
  • Middle/Junior School: RANTOUL JUNIOR HIGH SCHOOL
  • Middle/Junior School District: 137

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X130
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 956.56
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,1 Story Unit/s,Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Apr 1, 2019
Sold by
A & D Investments Inc
Bought by
Lillard Shenea M
Seller's Agent
Creg McDonald
Realty Select One
Buyer's Agent
Carol Meinhart
The Real Estate Group,Inc
List Price
$64,000
Sold Price
$62,000
Premium/Discount to List
-$2,000
-3.12%
Current Estimated Value
$97,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,461
Avg. Annual Appreciation
4.66%
Original Mortgage
$60,877
Outstanding Balance
$54,862
Interest Rate
5.12%
Mortgage Type
FHA
Estimated Equity
$27,928

Purchase Details

Closed on
Dec 17, 2013
Sold by
Fain Andrea
Bought by
A&D Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 2, 2012
Sold by
A & D Investments Inc
Bought by
Fain Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 23, 2011
Sold by
Janson Investment Co
Bought by
A & D Investments Inc

Purchase Details

Closed on
Nov 18, 2011
Sold by
Hulten Gordy
Bought by
Janson Investment Co

Purchase Details

Closed on
Jan 31, 2006
Sold by
Chase Home Finance Llc
Bought by
Borries Nora Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,725
Interest Rate
13.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2005
Sold by
Billings Gilbert M
Bought by
Chase Home Finance Llc
Source: Public Records

Range of Values:

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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
Lillard Shenea M $62,000 Attorney
A&D Investments Inc -- None Available
Fain Andrea -- None Available
A & D Investments Inc $13,000 None Available
Janson Investment Co -- None Available
Borries Nora Jane $25,000 None Available
Chase Home Finance Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lillard Shenea M $60,877
Closed Lillard Shenea M $2,480
Previous Owner -- $192,000
Previous Owner Fain Andrea $140,000
Previous Owner Fain Andrea $45,000
Previous Owner Borries Nora Jane $21,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2019 04/02/19 Sold $62,000 -3.1% --
01/25/2019 01/25/19 Pending -- -- --
02/16/2018 02/16/18 For Sale $64,000 +3.2% --
02/15/2018 02/15/18 Off Market $62,000 -- --
03/11/2016 03/11/16 For Sale $64,000 -- --
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
2024 $1,141 $15,130 $2,510 $12,620
2023 $1,141 $13,500 $2,240 $11,260
2022 $1,196 $12,050 $2,000 $10,050
2021 $1,219 $11,250 $1,870 $9,380
2020 $1,129 $10,870 $1,810 $9,060
2019 $1,082 $10,440 $1,740 $8,700
2018 $1,150 $9,900 $1,650 $8,250
2017 $957 $7,970 $3,280 $4,690
2016 $938 $7,970 $3,280 $4,690
2015 $933 $7,970 $3,280 $4,690
2014 $917 $7,970 $3,280 $4,690
2013 $912 $8,150 $3,350 $4,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09483408

Midwest Real Estate Data (MRED)

APN: 20-09-02-181-012