NOT LISTED FOR SALE

405 7th St Peru, IL 61354

Estimated Value: $199,381

-- Bed
-- Bath
5,768 Sq Ft
$35/Sq Ft Est. Value

Last Sold January 21, 2014

Last sale price $95,000 $16 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,509/month

31 Days on Market

About This Home

As of January 2014

Great cash flow in this 7-unit with central Peru location. Corner lot, several covered porch areas for tenant use, second building built in 1942. Laundry facility is seller owned with coin operated machines to stay. There are 2 central air units & 5 window units. Six off-street parking spots & a 1-car garage. Possible 8th unit as a studio in the walk-out basement area. Utilities separately metered.

Last Agent to Sell the Property

Karen Yade

Coldwell Banker Today's, Realtors License #475135674 Listed on: 11/12/2013

Coldwell Banker Today's, Realtors

Last Buyer's Agent

Christine Dahm

Malooley Dahm Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,740

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 54x100

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Block Foundation
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,768 Sq Ft Home
  • 2-Story Property
  • Fire Suppression System

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • Association fees include heat, water
  • 7 Units

Building Details

  • Operating Expense $4,800
  • Gross Income $2,200
  • Net Operating Income $18,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,740

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Other
  • Fire Protection: Fire Extinguisher/s
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 5
  • Ranges: 6
  • Number of Windows: 5
  • Number of Washers: 1
  • Room: 2
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Stone, Frame
  • Foundation Details: Block, Concrete Perimeter
  • Frontage Type: City Street, Public Road
  • List Price: 120000
  • Exterior Building Type: Stucco,Stone
  • Misc Outside: Enclosed Porch

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Utilities: Water-Municipal
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: Heat, Water
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54X100
  • Zoning: OTHER
  • Land Amenities: Curbs and Gutters,Cable Ready

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 18

Building Info

  • BuildingAreaTotal: 5768

Multi Family

  • Net Operating Income: 18860
  • GrossIncome: 2200
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 4800
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 2740
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2013
Closed on
Jan 17, 2014
Sold by
H & M Management Enterprises Inc
Bought by
Heess Judson B and Heess Danielle
Seller's Agent
Karen Yade
Coldwell Banker Today's, Realtors
Buyer's Agent
Christine Dahm
Malooley Dahm Realty
List Price
$120,000
Sold Price
$95,000
Premium/Discount to List
-$25,000
-20.83%
Current Estimated Value
$199,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,381
Avg. Annual Appreciation
5.63%
Source: Public Records

Range of Values:

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Average Value
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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
Heess Judson B $95,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2014 01/21/14 Sold $95,000 -20.8% $16 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $120,000 -- $21 / Sq Ft
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 $5,103 $65,437 $3,530 $61,907
2023 $5,178 $65,437 $3,530 $61,907
2022 $4,915 $61,733 $3,330 $58,403
2021 $4,976 $61,733 $3,330 $58,403
2020 $4,934 $61,733 $3,330 $58,403
2019 $3,277 $40,959 $3,330 $37,629
2018 $3,190 $39,878 $3,242 $36,636
2017 $3,127 $39,448 $3,207 $36,241
2016 $3,043 $38,147 $3,101 $35,046
2015 $2,727 $36,850 $2,996 $33,854
2012 -- $39,217 $3,188 $36,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08488434

Midwest Real Estate Data (MRED)

APN: 17-16-403010