$105,000
SOLD JUL 10, 2025

406 E Jackson St Marion, IL 62959

-- Bed
-- Bath
3,860 Sq Ft
1910 Built

Recently Sold

$27 Per Sq Ft

5% Below List Price

1 Day on Market

About This Home

As of July 2025

Investor Alert! Value-Add Opportunity - Duplex + 4-Plex Looking for your next real estate project? This duplex AND 4-unit apartment building are packed with potential and ready for the right investor to bring them back to life! Needs TLC, but Perfect for a flip, or long-term hold Strong rental upside once renovated Add value and watch your equity grow! This is your chance to turn a fixer-upper into a cash-flowing asset in a growing market. Investor Owned, selling as-is. Bring your vision - opportunity is knocking!

Last Agent to Sell the Property

Ashley Fowler

Heavenly Homes Real Estate License #475213007 Listed on: 05/09/2025

Last Buyer's Agent

Alec Childers

House 2 Home Realty Marion License #475.207335

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1910

Home Design

  • 3,860 Sq Ft Home
  • Vinyl Siding

Additional Features

  • Lot Dimensions are 70x80 72x170
  • Separate Meters

Community Details

Overview

  • 6 Units

Building Details

  • Trash Expense $50
  • Water Sewer Expense $50
  • Operating Expense $100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,562

Year Built

Built in 1910

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Cunninghams Addition Ex N5 Cunninghams Addition Lots 3-4
  • Information: 24-Hr Notice Required,No Sign on Property,Othr-Call List Agent
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Vinyl Siding

Utilities

  • Electric: Separate Meters

Fee Information

  • Trash Expense: 50
  • Water Sewer Expenses: 50

Lot Info

  • Lot Dimensions: 70x80 72x170
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 3860

Rental Info

  • Board Number: 29

Multi Family

  • Net Operating Income: -2662
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 100

Tax Info

  • Tax Annual Amount: 2561.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jul 10, 2025
Sold by
Cobb Bill
Bought by
Aspire Estates Llc
Seller's Agent
Ashley Fowler
Heavenly Homes Real Estate
Buyer's Agent
Alec Childers
House 2 Home Realty Marion
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%
Views
9
Current Estimated Value
$103,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,884
Avg. Annual Appreciation
4.79%
Original Mortgage
$161,500
Outstanding Balance
$121,816
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
-$13,268
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 Type Sale Price Title Company
Warranty Deed $105,000 None Listed On Document
Warranty Deed $105,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,500 Construction
Closed $161,500 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2025 07/10/25 Sold $105,000 -4.5% $27 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $110,000 -- $28 / 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
2025 $1,604 $20,690 $2,590 $18,100
2024 $1,600 $20,690 $2,590 $18,100
2023 $1,604 $20,690 $2,590 $18,100
2022 $1,274 $18,230 $2,280 $15,950
2021 $1,242 $17,570 $2,200 $15,370
2020 $1,242 $16,600 $2,080 $14,520
2019 $1,260 $16,600 $2,080 $14,520
2018 $1,260 $16,600 $2,080 $14,520
2017 $1,238 $16,600 $2,080 $14,520
2015 $1,199 $15,720 $1,970 $13,750
2013 $1,018 $15,720 $1,970 $13,750
2012 $1,018 $15,720 $1,970 $13,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB457880

Midwest Real Estate Data (MRED)

APN: 07-18-376-007

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