$285,000
SOLD DEC 3, 2021
41 Beds
28 Baths
4,644 Sq Ft
5,616 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

3% Below List Price

2 Days on Market

About This Home

As of December 2021

COMPLETELY renovated in 2014! Current owners have done just about EVERYTHING to this building and to EACH UNIT! This 7 unit building was not only completely renovated but the units themselves had some redesigning done with walls moved and all new kitchens and baths done in ALL OF THEM! Each unit has a tiled shower or tub/shower. Each unit has all new lighting. Each unit has mostly new kitchens with new sinks and high quality pub style faucets. Two brand new furnaces installed: 1 in 2014 and 1 in 2021. Two brand new A/C units installed in 2014: 1 in 2014 and 1 in 2021. Massive hot water heater with pump was installed in 2014. All new roof in 2018. All new windows in 2017. Building has interior hallway and exterior security system installed. All units feature high end digital locking system. Owners pays all utility bills. Electrical has possibility of going back onto tenants to pay, building has 8 electric meters. Off street parking spots for 6 cars. Full basement with new cellar style door. On site laundry room with money making rented machines. What an incredible building that is new landlord ready!

Last Agent to Sell the Property

Tracy Haas Riley

BHHS Central Illinois, REALTORS License #471003669 Listed on: 10/04/2021

BHHS Central Illinois, REALTORS

Co-Listed By

Kristen Oliver

BHHS Central Illinois, REALTORS License #475131047

Last Buyer's Agent

Dawn Peters

Keller Williams Revolution License #475168544

Keller Williams Revolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,485

Year Built

  • Built in 1910

Lot Details

  • 5,616 Sq Ft Lot
  • Lot Dimensions are 54 x 104

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Wood Frame Construction
  • Membrane Roofing

Interior Spaces

  • 4,644 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 28 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

Overview

  • Association fees include heat, water, electricity, gas, parking, security, tv/cable, exterior maintenance
  • 7 Units

Building Details

  • Electric Expense $5,527
  • Fuel Expense $2,099
  • Insurance Expense $1,452
  • Other Expense $2,620
  • Trash Expense $1,364
  • Water Sewer Expense $2,220
  • Operating Expense $17,315
  • Gross Income $58,500
  • Net Operating Income $41,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,485

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: Flats
  • Stories: 2
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 28
  • Total Bedrooms: 41
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 1
  • Refrigerators: 7
  • Ranges: 7
  • Number of Windows: 2
  • Number of Washers: 2
  • Room: 3
  • Room: 3
  • Room: 5

Exterior Features

  • Construction Materials: Brick, Block, Wood Frame
  • Foundation Details: Block, Brick/Mortar, Pillar/Post/Pier
  • Frontage Type: City Street
  • List Price: 295000
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Security System

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Heat, Water, Electricity, Gas, Parking, Security, TV/Cable, Exterior Maintenance
  • Trash Expense: 1364
  • Water Sewer Expenses: 2220
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 54 X 104
  • Lot Size Sq Ft: 5616
  • Zoning: MULTI

Rental Info

  • Tenant Pays: None
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 4644

Multi Family

  • Net Operating Income: 41185
  • Fuel Expense: 2099
  • Insurance Expense: 1452
  • ElectricExpense: 5527
  • GrossIncome: 58500
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 17315
  • Expense Year: 2020
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 3485
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2014
Sold by
Hummel Jason and Benedetto Joanne
Bought by
Littell Joanne
Current Estimated Value
$385,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,030
Interest Rate
5.5%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Warranty Deed -- Alliance Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $223,030 Future Advance Clause Open End Mortgage
Closed $175,000 No Value Available
Previous Owner $145,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $285,000 -3.4% $61 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $295,000 +273.4% $64 / Sq Ft
04/28/2014 04/28/14 Sold $79,000 -12.1% $17 / Sq Ft
11/25/2013 11/25/13 Pending -- -- --
07/20/2013 07/20/13 For Sale $89,900 -- $19 / 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 $3,693 $57,594 $8,516 $49,078
2022 $3,693 $43,448 $6,425 $37,023
2021 $3,495 $41,125 $6,082 $35,043
2020 $3,486 $41,125 $6,082 $35,043
2019 $3,476 $41,125 $6,082 $35,043
2018 $3,393 $40,319 $5,963 $34,356
2017 $3,394 $40,319 $5,963 $34,356
2016 $3,389 $40,319 $5,963 $34,356
2015 $3,250 $38,783 $5,736 $33,047
2014 $3,147 $38,783 $5,736 $33,047
2013 -- $38,783 $5,736 $33,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11236879

Midwest Real Estate Data (MRED)

APN: 21-05-478-021