NOT LISTED FOR SALE

412 E Chestnut St Bloomington, IL 61701

Estimated Value: $175,000 - $194,009

5 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold October 29, 2021

Last sale price $149,900

Est. 24% increase in value since last sale

Current estimated payment $1,235/month

Highlights

  • Deck
  • Traditional Architecture
  • 1 Car Detached Garage
  • Property is near park
  • Corner Lot
  • 2-minute walk to Franklin Park

About This Home

As of October 2021

Great investment property in desirable historic location near Franklin Park. Corner lot, covered porches, handicap accessible for one unit with entry ramp. Replacement windows. High ceilings and spacious with original hardwood flooring throughout. Ideal for living in one unit with rent paid from 2nd unit. Seller preference is to close in January 2022.

Last Agent to Sell the Property

Dan Weber

Coldwell Banker Real Estate Group License #475195319 Listed on: 09/16/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Shannon Smith

RE/MAX Rising License #475164232

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,899

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 98x55
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • No Garage
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Converted Dwelling
  • Brick Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Bent Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Additional Features

  • Deck
  • Property is near park
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • Franklin Park Subdivision

Building Details

  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,899

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Franklin Park
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • 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: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Brick/Mortar
  • Lot Features: Corner Lot
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Park
  • Conversion YN: Y

Schools

  • Elementary School: Bent Elementary
  • High School: Bloomington High School
  • Middle/Junior School: Bloomington Jr High School

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 98X55
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 16200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Converted Residence

Tax Info

  • Tax Annual Amount: 2898.92
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 23, 2021
Sold by
Vericella Joe M and Vericella Carol C
Bought by
Smith Eleanor
Seller's Agent
Dan Weber
Coldwell Banker Real Estate Group
Buyer's Agent
Shannon Smith
RE/MAX Rising
List Price
$149,900
Sold Price
$149,900
Current Estimated Value
$185,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,602
Avg. Annual Appreciation
5.22%
Original Mortgage
$112,425
Outstanding Balance
$104,198
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$81,304

Purchase Details

Closed on
Jun 29, 2006
Sold by
Adams Lisa
Bought by
Vericella Joe M and Vericella Carol C
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Smith Eleanor $150,000 Alliance Land Title
Vericella Joe M $123,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Eleanor $112,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $149,900 0.0% --
09/17/2021 09/17/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $149,900 -- --
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 $3,175 $43,184 $8,273 $34,911
2022 $3,175 $37,360 $7,158 $30,202
2021 $2,907 $34,201 $6,553 $27,648
2020 $2,899 $34,201 $6,553 $27,648
2019 $2,890 $34,201 $6,553 $27,648
2018 $2,878 $34,201 $6,553 $27,648
2017 $2,879 $34,201 $6,553 $27,648
2016 $2,874 $34,201 $6,553 $27,648
2015 $2,866 $34,201 $6,553 $27,648
2014 $2,775 $34,201 $6,553 $27,648
2013 -- $34,201 $6,553 $27,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11221790

Midwest Real Estate Data (MRED)

APN: 21-04-207-013