NOT LISTED FOR SALE

406 Park Ave Unit A Sycamore, IL 60178

Estimated Value: $210,245 - $231,000

3 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold May 18, 2020

Last sale price $142,500

Est. 55% increase in value since last sale

Current estimated payment $1,581/month

9 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 5-minute walk to Charley Laing Memorial Park
  • Porch
  • Ceiling Fan

About This Home

As of May 2020

2 UNIT WITH CASH FLOW In Sycamore. Do not miss this opportunity to purchase a Turnkey property. You are buying both units! There is no rehab needed! Which means no loss of income! This property was completely rehabbed in 2009. Past vacancies have been filled quickly with qualified tenants! Exterior is maintenance free with Aluminum siding. Downstairs unit has a Living Room w/laminate flooring, 2 bedrooms & a basement with a washer & dryer.The eat in kitchen includes stove & fridge. The large bedrooms have generous sized closets. Upstairs unit has a large living room, large bedroom with 2 walk in closets or use one as an office & a kitchen with a stove, refrigerator, washer & dryer. There are 2 gas furnaces & C/A. This building is in excellent condition. This is a great investment opportunity in Sycamore. Have the tenants pay your mortgage! Very close to downtown Sycamore. Close to shopping, Restaurants, Entertainment, I-88 & I-90

Last Agent to Sell the Property

John Jacox

Coldwell Banker Real Estate Group License #475157366 Listed on: 02/28/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Zachary Ottum

Weichert REALTORS Signature Professionals License #475184666

Weichert REALTORS Signature Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,291

Year Built

  • Built in 1930 | Remodeled in 2009

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 50 x 59.50
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Porch

Schools

  • Sycamore Middle School
  • Sycamore High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,291

Year Built

Built in 1930 | Remodeled in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2009
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2009

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished,Crawl
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Central Air Conditioner,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 150000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • High School: Sycamore High School
  • Middle/Junior School: Sycamore Middle School
  • Middle/Junior School District: 427

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 50 X 59.50
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4290.96
  • Tax Year: 2018
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Apr 15, 2020
Sold by
Bott Kevin M and Bott Jessica
Bought by
Spievogel Blake Robert
Seller's Agent
John Jacox
Coldwell Banker Real Estate Group
Buyer's Agent
Zachary Ottum
Weichert REALTORS Signature Professionals
List Price
$150,000
Sold Price
$142,500
Premium/Discount to List
-$7,500
-5%
Current Estimated Value
$221,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,061
Avg. Annual Appreciation
8.55%
Original Mortgage
$106,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2011
Sold by
Bott Kevin M
Bought by
Bott Kevin M and Bott Bruning Jessica

Purchase Details

Closed on
Mar 24, 2011
Sold by
Bott Kevin M
Bought by
Bruming Jessica and Bott Kevin M

Purchase Details

Closed on
Nov 18, 2009
Sold by
Corp Premier General Contracting
Bought by
Bott Kevin M
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
Spievogel Blake Robert $142,500 Chicago Title
Bott Kevin M -- --
Bruming Jessica -- --
Bott Kevin M $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spievogel Blake Robert $106,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2020 05/18/20 Sold $142,500 -5.0% --
03/08/2020 03/08/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $150,000 -- --
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 $4,873 $58,993 $7,857 $51,136
2023 $4,873 $53,870 $7,175 $46,695
2022 $4,683 $49,409 $6,581 $42,828
2021 $4,475 $46,385 $6,178 $40,207
2020 $4,421 $45,245 $6,026 $39,219
2019 $4,356 $44,254 $5,894 $38,360
2018 $4,291 $42,911 $5,715 $37,196
2017 $4,198 $41,213 $5,489 $35,724
2016 $4,112 $39,333 $5,239 $34,094
2015 $3,248 $37,019 $4,931 $32,088
2014 $3,248 $35,152 $4,682 $30,470
2013 $3,248 $35,826 $4,772 $31,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10650165

Midwest Real Estate Data (MRED)

APN: 06-32-333-001