NOT LISTED FOR SALE

460 Park Dr Marengo, IL 60152

21 Beds
21 Baths
3,000 Sq Ft
0.3 Acres

Last Sold August 31, 2021

Last sale price $385,000 $128 Per Sq Ft

2 Days on Market

About This Home

As of August 2021

ATTENTION INVESTORS...This is what you have been looking for! An investment that will pay off every month when you own this 6 unit building. Completely Remodeled inside & out! All units are 1 bedroom, 1 bath & tenants pay all electric. Landlord pays water/sewer & garbage. Great in-town location! Good rental history. This is a GREAT Opportunity for SERIOUS INVESTORS! Call for further details.

Last Agent to Sell the Property

Ben Broughton

RE/MAX Connections II License #471018891 Listed on: 07/09/2021

RE/MAX Connections II

Last Buyer's Agent

Clancy Green

Berkshire Hathaway HomeServices Starck Real Estate License #471015295

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,462

Year Built

  • Built in 1979

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 94x160

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 21 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,575
  • Trash Expense $540
  • Water Sewer Expense $2,880
  • Operating Expense $11,457
  • Gross Income $48,000
  • Net Operating Income $36,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,462

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 21
  • Basement Description: Slab
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Fiberglass
  • Exterior Building Type: Brick
  • Roof Structure: Gable

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Electric
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 540
  • Water Sewer Expenses: 2880

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 94X160
  • Lot Size Sq Ft: 15040
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 3

Building Info

  • BuildingAreaTotal: 3000

Multi Family

  • Net Operating Income: 36543
  • Insurance Expense: 1575
  • GrossIncome: 48000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11457
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 6462
  • Tax Year: 2020

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $385,000 -3.7% $128 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $399,900 -- $133 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11150887

Midwest Real Estate Data (MRED)