NOT LISTED FOR SALE

502 S Franklin St Dwight, IL 60420

Estimated Value: $750,606 - $1,063,000

32 Beds
16 Baths
-- Sq Ft
0.79 Acres

Last Sold August 04, 2017

Last sale price $695,000

Est. 37% increase in value since last sale

Current estimated payment $6,840/month

99 Days on Market

About This Home

As of August 2017

4 BRICK BUILDINGS- 4 UNITS EACH-16 TOTAL UNITS- ALL ELECTRIC- INTERIOR HALLS- CRAWL SPACES-LARGE UNITS-SURROUNDED BY SINGLE FAMILY HOMES-ADJACENT TO PARK AND SCHOOL- OFF STREET PARKING- PATIOS-LANDSCAPING-LAUNDRY IN ALL UNITS- NEW PARKING LOT 2016- NEWER ROOFS-NEW TO NEWER FLOORING IN ALL UNITS-16 EACH STOVE/FRIDGE/DW/WASH/DRYERS-FULL

Last Agent to Sell the Property

Jenn Shipman

Twenty First Century Real Estate License #471013011 Listed on: 02/23/2017

Last Buyer's Agent

Mary McKee

Twenty First Century Real Estate License #475139746

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,693

Year Built

  • 1975

Lot Details

  • 0.79

Home Design

  • Brick Exterior Construction

Basement

  • Crawl Space

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $3,192

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,693

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 26-35 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 84147
  • Outdoor Parking: 19-30 Spaces, Common Parking, Paved, Private Lot
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Scavenger Expense: 1600
  • Total Annual Exp: 42333
  • Total Annual Income: 126480
  • Total Monthly Income: 10540
  • Number of Ranges: 16
  • Number Of Refrigs: 16
  • Number Of Stories: 2
  • Estimated Year Built: 1975
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1975

Interior Features

  • Basement: Crawl

Exterior Features

  • Exterior Building Type: Brick

Garage/Parking

  • Number Of Parking Spaces: 30

Utilities

  • Air Conditioner: Central Air, Wall Sleeve
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Electric, Forced Air, Baseboard
  • Water Expense: 8400

Condo/Co-op/Association

  • Units in Building: 16

Fee Information

  • Electricity Expense: 1200
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 370X185
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 05092790010000

Rental Info

  • Gross Rental Income: 126480
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2016
  • Insurance Expense: 3192
  • Other Expenses: 3580
  • Number Of Dishwashers: 16
  • Number Of Dryers: 16
  • Number Of Washers: 16

Tax Info

  • Taxes: 23161

Range of Values:

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Shear Eric L $600,000
Closed Shear Eric L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $695,000 -13.1% --
06/02/2017 06/02/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $799,900 -- --
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 $19,693 $214,682 $26,409 $188,273
2023 $17,572 $196,057 $24,118 $171,939
2022 $13,524 $147,893 $24,118 $123,775
2021 $13,198 $143,586 $23,416 $120,170
2020 $13,199 $142,164 $23,184 $118,980
2019 $13,201 $135,008 $22,017 $112,991
2018 $12,908 $128,989 $21,252 $107,737
2017 $11,854 $118,665 $19,551 $99,114
2016 $11,257 $112,054 $18,462 $93,592
2015 $11,620 $113,760 $18,743 $95,017
2013 $9,727 $100,703 $20,024 $80,679
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09513702

Midwest Real Estate Data (MRED)

APN: 05-05-09-279-001