NOT LISTED FOR SALE

403 W Columbia Ave Champaign, IL 61820

Downtown Champaign Neighborhood

Estimated Value: $222,000 - $243,456

4 Beds
4 Baths
1,342 Sq Ft
$172/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $187,500 $140 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,414/month

24 Days on Market

Highlights

  • Farmhouse Style Home
  • Tennis Courts
  • Paved or Partially Paved Lot
  • Central High School Rated A
  • Porch

About This Home

As of October 2018

Cash earning investment property. Earn immediate income with this fully leased 4 unit home in the popular downtown district of Champaign! Near Westside Park & Downtown Champaign. Tenants pay own electric and a monthly premium above rent on the house account utilities. Coin operated washer & dryer bring additional revenue.

Last Agent to Sell the Property

Jeffery Barkstall

Heartland Real Estate of Central Illinois, Inc License #475128819 Listed on: 08/31/2018

Last Buyer's Agent

Lisa Rector

KELLER WILLIAMS-TREC License #475146101

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,132

Lot Details

  • Lot Dimensions are 66x132
  • Paved or Partially Paved Lot

Parking

  • Parking Included in Price

Home Design

  • Farmhouse Style Home
  • Brick Foundation
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms
  • No Tub in Bathroom

Schools

  • Unit 4 School Of Choice Elementa Elementary School
  • Champaign Junior/Middle Call Uni
  • Central High School

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Community Details

Overview

  • 4 Units

Recreation

  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,132

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Farmhouse
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 2 BLOCK 4 HULINGS ADDITION OF TOWN LOTS.
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: TV-Cable, CO Detectors
  • Basement Description: Unfinished
  • Bathroom Amenities: No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Fireplace-Artificial
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Disposal,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Brick/Mortar
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Tennis Courts, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: UNIT 4 SCHOOL OF CHOICE ELEMENTA
  • High School: CENTRAL HIGH SCHOOL
  • Middle/Junior School: CHAMPAIGN JUNIOR/MIDDLE CALL UNI

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X132
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 2131.6
  • Tax Year: 2017

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Judy Group Llc
Bought by
403 W Columbia Llc
Current Estimated Value
$231,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Outstanding Balance
$160,193
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$70,959

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 12, 2018
Sold by
Johnson Eric Orace
Bought by
The Judy Group Llc
Seller's Agent
Jeffery Barkstall
Heartland Real Estate of Central Illinois, Inc
Buyer's Agent
Lisa Rector
KELLER WILLIAMS-TREC
List Price
$200,000
Sold Price
$187,500
Premium/Discount to List
-$12,500
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
403 W Columbia Llc $205,000 None Listed On Document
The Judy Group Llc $187,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 403 W Columbia Llc $164,000
Previous Owner The Judy Group Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $187,500 -6.3% $140 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $200,000 -- $149 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $2,379 $28,960 $5,300 $23,660
2023 $2,379 $26,380 $4,830 $21,550
2022 $2,238 $24,340 $4,460 $19,880
2021 $2,184 $23,860 $4,370 $19,490
2020 $2,244 $24,470 $4,480 $19,990
2019 $2,172 $23,970 $4,390 $19,580
2018 $2,123 $23,590 $4,320 $19,270
2017 $2,132 $23,590 $4,320 $19,270
2016 $1,911 $23,100 $4,230 $18,870
2015 $1,925 $22,690 $4,150 $18,540
2014 $1,909 $22,690 $4,150 $18,540
2013 $1,892 $22,690 $4,150 $18,540
Source: Public Records

Agents Affiliated with this Home

  • Jeffery Barkstall

    Seller's Agent in 2018

    Jeffery Barkstall

    Heartland Real Estate of Central Illinois, Inc

    (217) 637-0374

    47 Total Sales

    Jeffery Barkstall
    Section Image
  • Lisa Rector

    Buyer's Agent in 2018

    Lisa Rector

    KELLER WILLIAMS-TREC

    (217) 778-3635

    11 in this area

    375 Total Sales

    Lisa Rector
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10069263

Midwest Real Estate Data (MRED)

APN: 42-20-12-186-006

Illinois Champaign County Champaign 61820 Downtown Champaign

403 W Columbia Ave, Champaign, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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