NOT LISTED FOR SALE

501 S 5th St Effingham, IL 62401

Estimated Value: $180,000

Studio
-- Bath
3,392 Sq Ft
$53/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2025

Last sale price $400,000 $118 Per Sq Ft

Current estimated payment $1,357 / mo

87 Days on Market

About This Home

As of June 2025

Calling all investors! This property features 3 buildings that has 12 units total. Each unit is a 2 bedroom, 1 bath, and has a refrigerator and stove included. Every unit also has a washer and dryer hookup! Each building has private parking and the landlord pays for trash. Call today to schedule a private showing!

Last Agent to Sell the Property

Alex Steppe

RE/MAX Key Advantage License #471021123 Listed on: 01/20/2025

RE/MAX Key Advantage

Co-Listed By

Courtney Kidd

RE/MAX Key Advantage License #475135835

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,389

Year Built

  • Built in 1971

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Crawl Space
  • Oven

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 0316036036, 0316036035, 0316036034, 0316036033

Community Details

Overview

  • 12 Units
  • Railroad Add Subdivision

Building Details

  • Operating Expense $79,228

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,389

Year Built

Built in 1971

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Co List Office Mls Id: 130
  • Co List Office Phone: (217) 347-0404
  • Lot Size Acres: 0.15
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Subdivision Name: Railroad Add
  • Year Built: 1971
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Oven, Refrigerator
  • Has Basement: Unfinished, Crawl Space
  • Basement YN: Yes
  • Owner Pays: Trash Collection
  • Stories: 2

Exterior Features

  • Construction Type: Brick
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • 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: 6534.0
  • Parcel #: 0316036036, 0316036035, 0316036034, 0316036033
  • Zoning: B-2

Multi Family

  • Number Of Units Total: 12
  • Annual Operating Expense: 79228.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12389.0

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

Listed on
Jan 20, 2025
Closed on
Jun 6, 2025
Sold by
Bought by
Seller's Agent
Alex Steppe
RE/MAX Key Advantage
Buyer's Agent
Non Member
Central Illinois Board of REALTORS
List Price
$649,900
Sold Price
$400,000
Premium/Discount to List
-$249,900
-38.45%
Views
40
Current Estimated Value
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$220,000

Purchase Details

Closed on
Jan 11, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 21, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 1, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
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
$1,348,000 None Listed On Document
$400,000 Michael D Imburgia Pc
-- None Listed On Document
-- None Listed On Document
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
Previous Owner $355,000
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
06/06/2025 06/06/25 Sold $400,000 -38.5% $118 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
01/20/2025 01/20/25 For Sale $649,900 -- $192 / 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 $4,620 $68,390 $15,550 $52,840
2023 $4,233 $62,180 $14,140 $48,040
2022 $3,973 $57,040 $12,970 $44,070
2021 $4,096 $56,470 $12,840 $43,630
2020 $4,022 $54,880 $12,480 $42,400
2019 $3,946 $54,340 $12,360 $41,980
2018 $3,818 $52,250 $11,880 $40,370
2017 $3,753 $51,230 $11,650 $39,580
2016 $3,675 $49,740 $11,310 $38,430
2015 -- $48,290 $10,980 $37,310
2014 -- $46,880 $10,660 $36,220
2013 -- $45,960 $10,450 $35,510
2012 -- $45,290 $10,300 $34,990
Source: Public Records

Agents Affiliated with this Home

  • Alex Steppe

    Seller's Agent in 2025

    Alex Steppe

    RE/MAX

    (217) 663-8106

    175 Total Sales

    Alex Steppe
    Section Image
  • Courtney Kidd

    Seller Co-Listing Agent in 2025

    Courtney Kidd

    RE/MAX

    (217) 821-5047

    45 Total Sales

    Courtney Kidd
    Section Image

  • N

    Buyer's Agent in 2025

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6249311

APN: 0316036036

Illinois Effingham County Effingham 62401

501 S 5th St, Effingham, IL

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