NOT LISTED FOR SALE

501 Lincoln St Harvard, IL 60033

Estimated Value: $235,000 - $254,000

5 Beds
3 Baths
-- Sq Ft
0.27 Acres

Last Sold December 29, 2021

Last sale price $180,000

Est. 36% increase in value since last sale

Current estimated payment $1,797/month

93 Days on Market

Highlights

  • Wooded Lot
  • Enclosed Patio or Porch
  • Baseboard Heating
  • Corner Lot

About This Home

As of December 2021

THIS PRICE INCLUDES 3 UNITS BUILDING RARE OPPORTUNITY IN A QUIET NEIGHBORHOOD, LIVE IN 1 & HAVE THE OTHER 2 PAY MORTGAGE. CLOSE TO DOWNTOWN AND METRA TO CHICAGO, POOL, LIBRARY, AND HOSPITAL. ELECTRIC WAS REDONE IN JANUARY 2018; ALL 3 APARTMENTS HAVE A NEW WATER HEATER. 400 DIGGINS & 501 LINCOLN NEW FURNACES AND NEW STOVE. 501 & 503 NEW REFRIGERATORS. ALL UTILITIES ARE SEPARATED. THE BUILDING HAS 1 SUMP PUMP AND 1 PORTABLE PUMP.

Last Agent to Sell the Property

Gabriela Flores

Real Broker, LLC License #475176037 Listed on: 09/07/2021

Last Buyer's Agent

Patricia Galarza

RE/MAX Plaza License #475143198

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,156

Lot Details

  • Lot Dimensions are 90x90
  • Corner Lot
  • Wooded Lot

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Enclosed Patio or Porch

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,200
  • Gross Income $28,140
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,156

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • List Price: 195000
  • Lot Features: Corner Lot, Wooded
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Schools

  • Middle/Junior School District: 50

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90X90
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Multi Family

  • Net Operating Income: 10000
  • Insurance Expense: 1200
  • GrossIncome: 28140
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4156
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Dec 23, 2021
Sold by
Price Verunica
Bought by
Hernandez Maria and Sanchez Jesus
Seller's Agent
Gabriela Flores
Real Broker, LLC
Buyer's Agent
Patricia Galarza
RE/MAX Plaza
Sold Price
$180,000
Current Estimated Value
$243,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,999
Avg. Annual Appreciation
9.20%

Purchase Details

Listed on
Apr 11, 2017
Closed on
Feb 10, 2018
Sold by
Latham Daniel R
Bought by
Price Veronica
Seller's Agent
Laura Lanz
RE/MAX Plaza
Buyer's Agent
Wendy Grubbs
Better Homes and Gardens Real Estate Star Homes
List Price
$124,900
Sold Price
$104,000
Premium/Discount to List
-$20,900
-16.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.23%

Purchase Details

Closed on
Jul 8, 2008
Sold by
Latham Dana L
Bought by
Latham Daniel R

Purchase Details

Closed on
Jun 14, 2004
Sold by
Boppart Eugene A and Boppart Joanne I
Bought by
Latham Daniel R and Latham Dana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Hernandez Maria $180,000 Chicago Title
Price Veronica $104,000 Heritage Title Co
Latham Daniel R -- None Available
Latham Daniel R $168,750 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Maria $55,000
Previous Owner Latham Daniel R $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $180,000 -7.7% --
12/10/2021 12/10/21 Pending -- -- --
12/10/2021 12/10/21 For Sale -- -- --
09/25/2021 09/25/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $195,000 +87.5% --
02/16/2018 02/16/18 Sold $104,000 -7.1% $35 / Sq Ft
01/20/2018 01/20/18 Pending -- -- --
10/03/2017 10/03/17 Price Changed $112,000 -6.6% $37 / Sq Ft
07/19/2017 07/19/17 Price Changed $119,900 -4.0% $40 / Sq Ft
07/12/2017 07/12/17 For Sale $124,900 +20.1% $42 / Sq Ft
05/12/2017 05/12/17 Off Market $104,000 -- --
04/11/2017 04/11/17 For Sale $124,900 -- $42 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $5,612 $62,601 $14,695 $47,906
2023 $5,343 $56,591 $13,284 $43,307
2022 $4,414 $44,878 $13,284 $31,594
2021 $4,234 $41,794 $12,371 $29,423
2020 $4,157 $39,788 $11,777 $28,011
2019 $3,966 $37,234 $11,021 $26,213
2018 $4,248 $37,903 $11,022 $26,881
2017 $4,109 $34,150 $9,931 $24,219
2016 $3,979 $32,235 $9,374 $22,861
2013 -- $32,286 $9,389 $22,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11211826

Midwest Real Estate Data (MRED)

APN: 01-35-291-005