NOT LISTED FOR SALE

420 N Gilbert St Danville, IL 61832

Estimated Value: $104,041 - $301,000

-- Bed
-- Bath
4,799 Sq Ft
$44/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $275,000 $57 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $1,342/month

81 Days on Market

Highlights

  • Traditional Architecture
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Attic

About This Home

As of January 2024

Leased through June of 2024 at $5050 per month, this property is a great investment property, although it could be easily be utilized as a single family home or bed and breakfast.

This solidly built and well maintained traditional style home (formerly known as the Lamp Post Inn) features 5 bedrooms on the main and upper floors - each with private bath, plus another two bedrooms in the basement with a private bath. Two full kitchens located on the main floor and basement. Beautifully furnished - all artwork and furniture stays. The home is filled with character, and has been maintained to a very high standard and upgraded over the years and recently professionally inspected. Plumbing, electrical and roof are all newer.

Interested and pre-qualified parties only please. Showings will be limited to respect tenants.

Last Agent to Sell the Property

Michael Gregory

FRIDY REALTY License #475170484 Listed on: 07/24/2023

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,432

Year Built

  • Built in 1901

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 4,799 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Dryer
  • Attic

Kitchen

  • Range
  • Microwave

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 23-05-308-029

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $950
  • Net Operating Income $4,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,432

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1649.0
  • Directions: North of Charlotte's on N Gilbert.
  • Lot Size Acres: 0.15
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1901
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Gas Water Heater, Microwave, Range, Refrigerator
  • Has Basement: Finished, Full
  • Basement YN: Yes
  • Interior Amenities: Attic
  • Owner Pays: All Utilities
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Gas, Radiant
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Danville District #118

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Parcel #: 23-05-308-029
  • Zoning: B-3
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 4100.0
  • Number Of Units Total: 6
  • Annual Operating Expense: 950.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2432.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Ch Investments Group Llc
Bought by
Gilded Holdings Llc
Current Estimated Value
$212,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Outstanding Balance
$14,911
Interest Rate
6.89%
Estimated Equity
$197,099

Purchase Details

Listed on
Jul 24, 2023
Closed on
Jan 3, 2024
Sold by
Howland Housing Llc
Bought by
Ch Investments Group Llc
Seller's Agent
Michael Gregory
FRIDY REALTY
Buyer's Agent
Non Member
Central Illinois Board of REALTORS
List Price
$325,000
Sold Price
$275,000
Premium/Discount to List
-$50,000
-15.38%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.32%
Original Mortgage
$206,250
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2022
Sold by
Charlottes Properties Llc
Bought by
Howland Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
9.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Gilded Holdings Llc $15,000 None Listed On Document
Ch Investments Group Llc $275,000 None Listed On Document
Howland Housing Llc $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilded Holdings Llc $15,000
Open Gilded Holdings Llc $204,690
Previous Owner Ch Investments Group Llc $206,250
Previous Owner Howland Housing Llc $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2024 01/03/24 Sold $275,000 -15.4% $57 / Sq Ft
11/24/2023 11/24/23 For Sale $325,000 0.0% $68 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
08/26/2023 08/26/23 Price Changed $325,000 -7.1% $68 / Sq Ft
07/24/2023 07/24/23 For Sale $350,000 -- $73 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $2,718 $30,068 $4,573 $25,495
2023 $2,718 $25,822 $3,927 $21,895
2022 $2,432 $22,863 $3,477 $19,386
2021 $2,321 $21,169 $3,219 $17,950
2020 $2,260 $20,453 $3,110 $17,343
2019 $2,303 $20,453 $3,110 $17,343
2018 $2,235 $20,352 $3,095 $17,257
2015 $1,904 $20,776 $2,749 $18,027
2014 $1,904 $20,776 $2,749 $18,027
2013 $1,904 $20,776 $2,749 $18,027
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Gregory

    FRIDY REALTY

    (217) 597-9204

    32 in this area

    43 Total Sales

    Michael Gregory
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6228424

APN: 23-05-308-029

Illinois Vermilion County Danville 61832

420 N Gilbert St, Danville, IL

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