NOT LISTED FOR SALE

501 W Grand Ave Beloit, WI 53511

Estimated Value: $1,745,000 - $1,991,502

3 Beds
2 Baths
1,270 Sq Ft
$1,471/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $970,000 $764 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $11,325/month

8 Days on Market

Highlights

  • 0.83 Acre Lot
  • Wood Flooring
  • Detached Garage
  • Open Floorplan
  • Main Floor Bedroom
  • 3-minute walk to Field Park

About This Home

As of July 2018

This is a well kept 16 unit located amongst schools and industry. This unit has mostly all updated units and a good core group of long term tenants. unit comes with a detached garage for each unit and a double for the owners use. Beloit Auction house rents it occasionally for 100 a month. 16 storage units are located in the basement and has a maintenance room and extra non occupied apartment in the basement. Washer and dryers are coin operated and are owned not leased. Water sooner for entire building is owned not leased. This unit is professionally managed.

Last Agent to Sell the Property

russell zueger

Investor's Choice Property Management LLC License #57151-90 Listed on: 06/18/2018

Last Buyer's Agent

Marianne Walker

Walker Realty Group, LLC License #55667-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,561

Year Built

  • Built in 1983

Lot Details

  • 0.83 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Main Floor Bedroom
  • 2-Story Property
  • Open Floorplan
  • Family Room
  • Dining Room
  • Wood Flooring
  • Finished Basement
  • Partial Basement
  • Oven or Range

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • Detached Garage
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Bedroom
  • Level Entry For Accessibility

Schools

  • Hackett Elementary School
  • Call School District Middle School
  • Memorial High School

Utilities

  • Central Air
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Outdoor Storage
  • Property is near bus stop

Community Details

  • 16 Units
  • Laundry Facilities
  • Net Operating Income $86,019

Listing and Financial Details

  • Assessor Parcel Number 20613560985

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,561

Year Built

Built in 1983

Lot Details

0.83 Acres

Listing Details

  • Municipality: Beloit
  • Status Detail: Sold
  • Mailing City: Beloit
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Open floor plan, Ramped or level entrance, First floor bedroom, Level drive, Level lot
  • Miscellaneous: Security system, Shared laundry, Close to bus line, Water Softener Owned, Building Sprinkler System
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Finished
  • Number Dryers: 3
  • Number Units W Ac: 16
  • Number Washers: 3
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Electric
  • Parking Stalls Inside: 16
  • Parking Stalls Outside: 16

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached, Outside
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 27561

Schools

  • Elementary School: Hackett
  • High School: Memorial
  • Middle School: Call School District
  • School District: Beloit

Lot Info

  • Estimated Aces: 0.829
  • Zoning: res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 113580

Tax Info

  • Net Taxes: 18561
  • Tax Year: 2017
  • Assessor Parcel Number: 20613560985

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of2 Bedrooms: 12
  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2024
Sold by
Walker Marianne and Walker Richard
Bought by
Walker Investment Group Llc
Current Estimated Value
$1,868,251
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
Walker Investment Group Llc -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $970,000 -2.5% $764 / Sq Ft
06/18/2018 06/18/18 For Sale $995,000 -- $783 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2025 $16,919 $1,014,700 $145,300 $869,400
2024 $12,420 $1,014,700 $145,300 $869,400
2023 $15,362 $958,900 $145,300 $813,600
2022 $15,977 $958,900 $145,300 $813,600
2021 $21,039 $643,700 $63,200 $580,500
2020 $19,143 $643,700 $63,200 $580,500
2019 $18,385 $643,700 $63,200 $580,500
2018 $18,613 $643,700 $63,200 $580,500
2017 $18,561 $643,700 $63,200 $580,500
2016 $17,338 $643,700 $63,200 $580,500
2015 $18,463 $643,700 $63,200 $580,500
2014 $17,447 $643,700 $63,200 $580,500
2013 $17,447 $643,700 $63,200 $580,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1833829

South Central Wisconsin Multiple Listing Service
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