Estimated payment $3,131/month
Highlights
- Deck
- Corner Lot
- 3 Car Attached Garage
- 3-Story Property
- Cul-De-Sac
- Ceiling Fan
About This Home
Outstanding investment opportunity! This free-standing ranch-style triplex offers three spacious units, each featuring 2 bedrooms, 1 full bath, and an attached one-car garage. All three units are fully rented. The third unit is being fully renovated now and the tenant should be moving in at the end of the month. The total rental income is $57,240. Each unit is separately metered with 200-amp electrical service and electric heat. Tenants pay their own electricity and water, while the owner is responsible only for garbage service, helping to keep operating expenses low and maximizing cash flow. Whether you're an experienced investor seeking strong cash-on-cash returns or a buyer looking to build long-term wealth through real estate, this property offers tremendous upside and outstanding potential. Opportunities like this are hard to find. Schedule your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,613
Year Built
- Built in 1977
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 79x134
- Cul-De-Sac
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 3 Car Attached Garage
- Parking Available
- Garage Door Opener
- Parking Included in Price
Home Design
- 3-Story Property
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Schools
- Locust Elementary School
- Marengo Community Middle School
- Marengo High School
Additional Features
- Ceiling Fan
- Deck
- Heating Available
Community Details
Overview
- 3 Units
- Parkrise Subdivision, 3 Unit Floorplan
Building Details
- Insurance Expense $2,500
- Trash Expense $350
- Water Sewer Expense $2,000
- Gross Income $57,240
- Net Operating Income $45,777
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $7,519 | $591,666 | $113,781 | $477,885 |
| 2025 | $7,318 | $580,065 | $111,550 | $468,515 |
| 2023 | $7,318 | $557,542 | $107,219 | $450,323 |
| 2022 | $7,196 | $546,611 | $105,117 | $441,494 |
| 2021 | $7,122 | $535,894 | $103,056 | $432,838 |
| 2020 | $7,076 | $530,400 | $102,000 | $428,400 |
| 2019 | $6,963 | $520,000 | $100,000 | $420,000 |
| 2018 | $5,376 | $370,790 | $66,206 | $304,584 |
| 2017 | $5,337 | $363,520 | $64,908 | $298,612 |
| 2016 | $5,100 | $356,393 | $63,636 | $292,757 |
| 2015 | $5,001 | $351,041 | $62,681 | $288,360 |
| 2014 | $4,997 | $344,166 | $61,454 | $282,712 |
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 |
|---|---|---|---|---|---|
| 07/17/2026 07/17/26 | For Sale | $469,900 | +213.3% | -- | |
| 07/08/2016 07/08/16 | Sold | $150,000 | -6.2% | -- | View Prior Sale |
| 05/09/2016 05/09/16 | Pending | -- | -- | -- | |
| 05/06/2016 05/06/16 | For Sale | $159,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12697677
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.