NOT LISTED FOR SALE

406 N 3rd St Malta, IL 60150

Malta Area

Estimated Value: $180,000 - $252,000

5 Beds
3 Baths
-- Sq Ft
0.45 Acre Lot

Sale Details

Date Sold: April 15, 2025

Last sale price $178,900

Est. 20% increase in value since last sale

Current estimated payment $1,439 / mo

65 Days on Market

About This Home

As of April 2025

Check out this prime 3-unit investment in Malta that offers an excellent opportunity for steady rental income! Situated on a spacious double lot under one PIN number, the building features separate entrances, utilities, and ample living space for each tenant. Recent updates to the property include a new roof and gutters (2019), newer carpet in Unit 3 (2022), updated windows, electrical service, and two new water heaters, as well as a new fridge, front door, and foundation repairs. In 2024, additional improvements were made with the replacement of the front stairs and the installation of new soffit and fascia. The property also offers plenty of off-street parking, a fenced in area for dogs, & a large backyard with plenty of privacy! This property is conveniently located near DeKalb & Northern Illinois University, making it ideal for student or faculty housing. With easy access to Route 38 and I-88, residents can quickly reach surrounding areas like Sycamore and Cortland. Additionally, it's close to the Shabbona Lake State Park, schools, healthcare centers, and has everything you need with a touch of country living! Schedule a showing today!

Last Agent to Sell the Property

Bryan Bartholomew

iHome Real Estate License #471020173 Listed on: 01/20/2025

Last Buyer's Agent

Sherry Murphy

Hayden Real Estate, Inc. License #475110536

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,087

Lot Details

  • 19,602 Sq Ft Lot
  • Lot Dimensions are 132x66x33x66x165x132

Home Design

  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,087

Lot Details

0.45 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Aluminum Siding
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site, Owned
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.45
  • Lot Dimensions: 132X66X33X66X165X132
  • Zoning: OTHER
  • Lot Size: .25-.49 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3087
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2025
Closed on
Apr 4, 2025
Sold by
Bought by
Seller's Agent
Bryan Bartholomew
iHome Real Estate
Buyer's Agent
Sherry Murphy
Hayden Real Estate, Inc.
List Price
$219,900
Sold Price
$178,900
Premium/Discount to List
-$41,000
-18.64%
Views
151
Current Estimated Value
$215,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,582
Avg. Annual Appreciation
15.39%

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 15, 2019
Sold by
Bought by
Seller's Agent
Mike Pittsley
Pittsley Realty
Buyer's Agent
Mike Pittsley
Pittsley Realty
List Price
$86,000
Sold Price
$77,000
Premium/Discount to List
-$9,000
-10.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.94%
Original Mortgage
$73,950
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Malta, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$179,000 Chicago Title
$77,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $73,950
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2025 04/15/25 Sold $178,900 -5.8% --
03/26/2025 03/26/25 Pending -- -- --
03/07/2025 03/07/25 Price Changed $189,900 -9.3% --
02/23/2025 02/23/25 Price Changed $209,400 -4.6% --
02/07/2025 02/07/25 Price Changed $219,400 -0.2% --
01/20/2025 01/20/25 For Sale $219,900 +185.6% --
08/05/2019 08/05/19 Sold $77,000 -10.5% -- View Prior Sale
06/28/2019 06/28/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $86,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,064 $43,541 $19,695 $23,846
2024 $3,087 $38,713 $17,511 $21,202
2023 $3,087 $34,079 $15,415 $18,664
2022 $3,060 $30,981 $14,014 $16,967
2021 $3,170 $29,467 $13,329 $16,138
2020 $3,132 $28,193 $12,753 $15,440
2019 $3,067 $27,134 $12,274 $14,860
2018 $4,761 $40,999 $11,761 $29,238
2017 $4,640 $38,533 $11,054 $27,479
2016 $4,591 $37,608 $10,789 $26,819
2015 -- $35,479 $10,178 $25,301
2014 -- $35,169 $10,089 $25,080
2013 -- $36,193 $10,383 $25,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12273690

Midwest Real Estate Data (MRED)

APN: 07-23-108-005

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