404 E Massachusetts St Steeleville, IL 62288
Estimated payment $1,991/month
Highlights
- Traditional Architecture
- No HOA
- Multiple cooling system units
About This Home
Attention Investors! Don’t miss this opportunity to expand your portfolio with a well-maintained 8-unit multi-family property. Seven of the eight apartments have been updated and are currently rented—providing you with instant cash flow from day one. Each unit offers 2 bedrooms, 1 bath, and approximately 600 sq ft of living space. Recent upgrades include a new roof (2019) and fresh exterior paint and stucco (2020) by Joel Hepp. Included in the sale are 6 refrigerators, 6 stoves, 6 window units, and 2 mini-split systems. Showings: Please allow 24-hour notice. Two updated apartments and one unit in need of renovation are available to view initially. Full access to all units will be arranged for qualified, serious buyers. Square footage and information deemed reliable but not guaranteed; Buyer/Buyer’s Agent to verify. Current owner will complete railing repairs and painting prior to closing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,722
Year Built
- Built in 1974
Home Design
- Traditional Architecture
- Stucco
Schools
- Steeleville Dist 138 Elementary And Middle School
- Steeleville High School
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
Additional Features
- Range
- 0.89 Acre Lot
Community Details
- No Home Owners Association
- Net Operating Income $26,660
Listing and Financial Details
- Assessor Parcel Number 17-052-005-50
Map
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 | $1,623 | $27,240 | $4,140 | $23,100 |
| 2022 | $1,525 | $25,455 | $3,870 | $21,585 |
| 2021 | $1,486 | $24,930 | $3,790 | $21,140 |
| 2020 | $1,456 | $23,715 | $3,606 | $20,109 |
| 2019 | $1,441 | $21,225 | $3,225 | $18,000 |
| 2018 | $1,421 | $23,401 | $3,556 | $19,845 |
| 2017 | $1,379 | $21,015 | $3,195 | $17,820 |
| 2016 | $1,402 | $22,195 | $3,375 | $18,820 |
| 2015 | $1,397 | $21,115 | $3,210 | $17,905 |
| 2014 | $1,397 | $22,040 | $3,350 | $18,690 |
| 2013 | $1,347 | $21,245 | $3,230 | $18,015 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $310,000 | -15.1% | -- |
| 11/03/2025 11/03/25 | For Sale | $365,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $108,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $120,000 | Commercial |
Source: MARIS MLS
MLS Number: MIS25073972
APN: 17-061-009-50
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.
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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Ask me questions while you tour the home.