NOT LISTED FOR SALE

402 S John St Thomasboro, IL 61878

Estimated Value: $918,000 - $948,431

32 Beds
16 Baths
-- Sq Ft
1.5 Acre Lot

Sale Details

Date Sold: June 28, 2022

Last sale price $765,000

Est. 23% increase in value since last sale

Current estimated payment $6,099 / mo

61 Days on Market

About This Home

As of June 2022

Four buildings next to each other with 16 total 2BR/1BA units. Two of the buildings have had their roofs replaced and 12 of the units have been renovated with appliances, flooring, windows, and A/C units. Some have new cabinets/countertops as well. Coin-operated laundry on-site brings in an additional $200/month.

Last Agent to Sell the Property

Rick Wilberg

eXp Realty-Champaign License #475126832 Listed on: 03/06/2022

eXp Realty-Champaign

Co-Listed By

Rosa Davisson

Nate Evans Group License #475143563

Last Buyer's Agent

Jill Guth

GUTH & ASSOCIATES,LLC License #471020488

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,209

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 321x301x141x119x273
  • Additional Parcels

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 16 Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $1,846
  • Insurance Expense $5,659
  • Maintenance Expense $5,535
  • Trash Expense $2,256
  • Operating Expense $42,420
  • Gross Income $95,700
  • Net Operating Income $49,794

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,209

Year Built

Built in 1976

Lot Details

1.5 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOTS 2,3,4 ACKERMAN'S ADD
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 16
  • Total Bedrooms: 32
  • Refrigerators: 16
  • Ranges: 16
  • Room: 0

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Forced Air

Fee Information

  • Trash Expense: 2256

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 321X301X141X119X273

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer
  • Board Number: 22

Multi Family

  • Net Operating Income: 49794
  • Insurance Expense: 5659
  • ElectricExpense: 1846
  • GrossIncome: 95700
  • Maintenance Expense: 5535
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 42420
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 10209
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Bought by
Current Estimated Value
$940,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
0.0644%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2022
Closed on
Jun 27, 2022
Sold by
Bought by
Seller's Agent
Rick Wilberg
eXp Realty-Champaign
Buyer's Agent
Jill Guth
GUTH & ASSOCIATES,LLC
List Price
$790,000
Sold Price
$765,000
Premium/Discount to List
-$25,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$535,500
Interest Rate
0.055%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 8, 2019
Closed on
Oct 15, 2019
Sold by
Bought by
Seller's Agent
Eddie Mullins
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Mike Neault
KELLER WILLIAMS-TREC
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.78%
Original Mortgage
$442,400
Interest Rate
0.034%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$900,000 None Listed On Document
$715,000 None Listed On Document
$430,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $532,800
Closed $720,000
Closed $535,500
Closed $442,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2022 06/28/22 Sold $765,000 -3.2% --
05/07/2022 05/07/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $790,000 +83.7% --
10/15/2019 10/15/19 Sold $430,000 0.0% -- View Prior Sale
08/08/2019 08/08/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $430,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,233 $182,990 $33,460 $149,530
2024 $11,533 $166,650 $30,470 $136,180
2023 $11,533 $148,660 $27,180 $121,480
2022 $10,810 $132,730 $24,270 $108,460
2021 $10,281 $123,930 $22,660 $101,270
2020 $10,205 $119,740 $21,890 $97,850
2019 $9,898 $115,030 $21,030 $94,000
2018 $9,842 $109,130 $19,950 $89,180
2017 $10,025 $106,060 $19,390 $86,670
2016 $9,988 $106,060 $19,390 $86,670
2015 $10,002 $106,060 $19,390 $86,670
2014 $9,500 $106,060 $19,390 $86,670
2013 $9,549 $108,450 $19,830 $88,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11340340

Midwest Real Estate Data (MRED)

APN: 20-09-33-176-008

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