405 S Mckinley Ave Champaign, IL 61821
Clark Neighborhood
3
Beds
2
Baths
1,292
Sq Ft
4,356
Sq Ft Lot
Highlights
- 1-Story Property
- Central High School Rated A
- Forced Air Heating System
About This Home
As of March 2025Welcome to 405 S McKinley, Champaign - a completely remodeled duplex in a desirable neighborhood, offering excellent investment potential. Recent upgrades include new siding and a new roof, ensuring minimal maintenance. Unit 1 is a spacious 2-bedroom, 1-bathroom unit featuring a large family room and a fully equipped kitchen with stainless steel appliances, including a refrigerator, oven, microwave, dishwasher, washer, and dryer. Currently rented below market value, Unit 1 presents an opportunity for future income growth. Unit 2 is an efficient 1-bedroom unit and is currently vacant, ready for a new tenant. This turnkey property is ideal for investors looking for a solid, well-maintained asset in a prime location.
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475151471 Listed on: 11/04/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,307
Year Built
- Built in 1948
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 33x132
Home Design
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Parking
- 3 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Schools
- Unit 4 Of Choice Elementary School
- Champaign/Middle Call Unit 4 351
- Centennial High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2024
Closed on
Mar 3, 2025
Sold by
Ross Lane Holdings Llc
Bought by
Finn Alexander G
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Views
102
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$734
Avg. Annual Appreciation
-1.28%
Original Mortgage
$180,500
Outstanding Balance
$180,345
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$8,921
Purchase Details
Listed on
Jul 21, 2022
Closed on
Aug 25, 2022
Sold by
George Klatt
Bought by
Ross Lane Holdings Llc
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
List Price
$65,000
Sold Price
$65,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.06%
Purchase Details
Closed on
Dec 11, 2008
Sold by
Wallace Margaret R
Bought by
Klatt George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,300
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Champaign, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | None Listed On Document | |
| Warranty Deed | $65,000 | -- | |
| Warranty Deed | $89,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,500 | New Conventional | |
| Previous Owner | $850,000 | New Conventional | |
| Previous Owner | $62,300 | Purchase Money Mortgage | |
| Previous Owner | $8,900 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2025 03/03/25 | Sold | $190,000 | -4.5% | $147 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/07/2025 01/07/25 | Price Changed | $199,000 | -11.6% | $154 / Sq Ft |
| 11/05/2024 11/05/24 | For Sale | $225,000 | +246.2% | $174 / Sq Ft |
| 08/25/2022 08/25/22 | Sold | $65,000 | 0.0% | $50 / Sq Ft |
| 07/22/2022 07/22/22 | For Sale | $65,000 | -- | $50 / Sq Ft |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,307 | $40,260 | $16,630 | $23,630 |
| 2023 | $3,307 | $36,670 | $15,150 | $21,520 |
| 2022 | $3,111 | $33,830 | $13,980 | $19,850 |
| 2021 | $3,037 | $33,170 | $13,710 | $19,460 |
| 2020 | $2,924 | $31,890 | $13,180 | $18,710 |
| 2019 | $2,830 | $31,240 | $12,910 | $18,330 |
| 2018 | $2,767 | $30,750 | $12,710 | $18,040 |
| 2017 | $2,672 | $29,570 | $12,220 | $17,350 |
| 2016 | $2,395 | $28,960 | $11,970 | $16,990 |
| 2015 | $2,414 | $28,450 | $11,760 | $16,690 |
| 2014 | $2,393 | $28,450 | $11,760 | $16,690 |
| 2013 | $2,372 | $28,450 | $11,760 | $16,690 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Zalabak
Seller's Agent in 2025
Joe Zalabak
KELLER WILLIAMS-TREC
(217) 721-5855
9 in this area
382 Total Sales
-
Ryan Dallas
Buyer's Agent in 2025
Ryan Dallas
RYAN DALLAS REAL ESTATE
(217) 493-5068
14 in this area
2,386 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12193733
APN: 43-20-14-204-007
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