NOT LISTED FOR SALE

501 6th Ave Sterling, IL 61081

Estimated Value: $127,138 - $165,000

4 Beds
3 Baths
-- Sq Ft
6,534 Sq Ft Lot Lot

Sale Details

Date Sold: February 7, 2022

Last sale price $115,000

Est. 24% increase in value since last sale

Current estimated payment $901 / mo

149 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of February 2022

3 unit on corner lot in Sterling. Tenants pay all utilities. $1655 monthly rent. Includes $55 for 1 garage stall. New roof and siding 2019. Newer windows. 2 car garage with loft. New kitchen and bath in upstairs apartment. Hot water heat with 3 boilers-3 water heaters-3 electrical services. Newer sewer line.

Last Agent to Sell the Property

David DeVries

Xtreme Realty License #471006544 Listed on: 08/09/2021

Co-Listed By

Tracy DeVries

Xtreme Realty License #475161740

Last Buyer's Agent

Matt Hermes

Heartland Realty 11 LLC License #471002313

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,793

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x135
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Challand Middle School
  • Sterling High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Gross Income $19,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,793

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam
  • Water Source: Public

Schools

  • High School: Sterling High School
  • Middle/Junior School: Challand Middle School

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X135
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Multi Family

  • GrossIncome: 19860
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 1792.9
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2023
Sold by
S Albert Properties Llc
Bought by
Dixon Cider Llc
Current Estimated Value
$143,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,200
Outstanding Balance
$325,122
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
-$182,087

Purchase Details

Listed on
Aug 9, 2021
Closed on
Feb 7, 2022
Sold by
Gary Swart
Bought by
S Albert Properties
Seller's Agent
David DeVries
Xtreme Realty
Buyer's Agent
Matt Hermes
Heartland Realty 11 LLC
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$261,250
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2004
Bought by
Swart Gary
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

Date Buyer Sale Price Title Company
Dixon Cider Llc $130,000 None Listed On Document
S Albert Properties $184,500 Sauk Valley Law Group Llc
Swart Gary $42,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Cider Llc $563,200
Previous Owner S Albert Properties $261,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2022 02/07/22 Sold $115,000 0.0% --
01/06/2022 01/06/22 Pending -- -- --
01/06/2022 01/06/22 For Sale -- -- --
12/31/2021 12/31/21 Off Market $115,000 -- --
08/09/2021 08/09/21 For Sale $120,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $4,514 $43,292 $4,575 $38,717
2023 $3,383 $32,266 $4,295 $27,971
2022 $3,298 $30,870 $4,109 $26,761
2021 $1,856 $16,975 $3,875 $13,100
2020 $1,804 $16,380 $3,739 $12,641
2019 $1,793 $16,082 $3,671 $12,411
2018 $1,774 $16,108 $3,677 $12,431
2017 $1,777 $15,998 $3,652 $12,346
2016 $1,732 $15,482 $3,534 $11,948
2015 $1,656 $15,907 $3,631 $12,276
2014 $165 $15,553 $3,550 $12,003
2013 $1,656 $15,907 $3,631 $12,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11184209

Midwest Real Estate Data (MRED)

APN: 1122304003

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