NOT LISTED FOR SALE

500 W Clinton Ave Effingham, IL 62401

Estimated Value: $249,128

-- Bed
-- Bath
3,920 Sq Ft
$64/Sq Ft Est. Value

Last Sold March 05, 2022

Last sale price $167,900 $43 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,707/month

143 Days on Market

About This Home

As of March 2022

Total monthly income: $2,390 for annual potential of $31,070. (3 units @ $425/mo, 2 units @ $395/mo, and 1 unit @ $325/mo) Building is currently fully leased. 6 unit building all one bedroom units. 3 on main floor and 3 on 2nd floor. Interior door locks with tenants having code to get in front door. Coin operated washer/dryer for extra owner revenue. Rent is lower in one unit as that tenant does all the common area cleaning.

Last Agent to Sell the Property

Keith Hartman

RE/MAX Key Advantage License #475162306 Listed on: 08/23/2021

RE/MAX Key Advantage

Last Buyer's Agent

Keith Hartman

RE/MAX Key Advantage License #475162306 Listed on: 08/23/2021

RE/MAX Key Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1903

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Range

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, grounds care, heat, insurance, sewer, taxes, trash collection, water
  • Assessor Parcel Number 0316039048

Community Details

Overview

  • 6 Units
  • Western Add Subdivision

Building Details

  • Operating Expense $10,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1960.0
  • Directions: S. Maple St to W Clinton Ave. Turn East and Apartment will be on your left.
  • Lot Size Acres: 0.22
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Western Add
  • Year Built: 1903
  • Architectural Style: Other
  • 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, Range, Refrigerator, Washer
  • Owner Pays: Gas, Grounds Care, Heat, Insurance, Sewer, Taxes, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Aluminum Siding
  • Roof: Shingle
  • Waterfront: No

Utilities

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

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 9583.0
  • Parcel #: 0316039048
  • Zoning: R-3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Annual Operating Expense: 10233.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3756.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2005
Sold by
Lucille Buhnerkempe Lawrence and Lucille Burnerkempe
Bought by
Ruholl Ronald J
Current Estimated Value
$249,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,050
Interest Rate
6.49%
Mortgage Type
Commercial
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
Ruholl Ronald J $107,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ruholl Ronald J $48,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2022 03/05/22 Sold $167,900 -6.7% $43 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
08/23/2021 08/23/21 For Sale $179,900 -- $46 / 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 $4,314 $63,860 $22,410 $41,450
2023 $3,952 $58,050 $20,370 $37,680
2022 $3,709 $53,260 $18,690 $34,570
2021 $3,825 $52,730 $18,500 $34,230
2020 $3,756 $51,250 $17,980 $33,270
2019 $3,685 $50,740 $17,800 $32,940
2018 $3,565 $48,790 $17,120 $31,670
2017 $3,504 $47,830 $16,780 $31,050
2016 $3,431 $46,440 $16,290 $30,150
2015 -- $45,090 $15,820 $29,270
2014 -- $43,780 $15,360 $28,420
2013 -- $42,920 $15,060 $27,860
2012 -- $42,290 $14,840 $27,450
Source: Public Records

Agents Affiliated with this Home

  • Keith Hartman

    Seller's Agent in 2022

    Keith Hartman

    RE/MAX

    (217) 821-7333

    311 Total Sales

    Keith Hartman
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6215329

APN: 0316039048

Illinois Effingham County Effingham 62401

500 W Clinton Ave, Effingham, IL

This home is located at 500 W Clinton Ave, Effingham, IL 62401 since 23 August 2021 and is currently estimated at $249,128, approximately $63 per square foot. This property was built in 1903. 500 W Clinton Ave is a home located in Effingham County with nearby schools including South Side Grade School, Early Learning Center, and Central Grade School.

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