NOT LISTED FOR SALE

500 W Clinton Ave Effingham, IL 62401

Effingham Area

Estimated Value: $254,110

Studio
-- Bath
3,920 Sq Ft
$65/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2022

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

Est. 51% increase in value since last sale

Current estimated payment $1,755 / mo

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

9,583 Sq Ft Lot

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

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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bought by
Current Estimated Value
$254,110

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
0.0649%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$107,500 None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $48,050
Source: Public Records

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
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

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
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

    277 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

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