NOT LISTED FOR SALE

503 Dean St Woodstock, IL 60098

Estimated Value: $240,000 - $339,000

3 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold July 16, 2024

Last sale price $240,000

Est. 16% increase in value since last sale

Current estimated payment $1,907/month

30 Days on Market

Highlights

  • Corner Lot
  • First Floor Utility Room
  • Porch
  • Creekside Middle School Rated A-
  • 2 Car Detached Garage

About This Home

As of July 2024

Welcome to this charming older home located near the Woodstock Square, offering a rare and unique 2-flat multi-family property. Step onto the covered front porch and into a world of historical charm, with hardwood floors, high ceilings, and a built-in china cabinet adding character to unit. Both the 2-bedroom first-floor unit and the 1-bedroom upstairs unit share a grand front entry. Cozy porches for each unit provide a warm and inviting atmosphere for tenants. This property offers immediate income potential, as both units are currently leased, with the first-floor being a long term tenant. Both have leases in place. Tenants are responsible for all utilities, including water. Additionally, the 2-car detached garage, with one space for each unit, and the basement for storage add practical convenience for both tenants and the owner. The prime location is a standout feature, with the property just blocks away from schools, the train station, shopping, the Farmers Market, and all the vibrant festivals held on the Square. This makes it an ideal investment opportunity for those seeking a property that combines historical charm with immediate rental income in a sought-after location.

Last Agent to Sell the Property

Jose Rey

Compass License #471005462 Listed on: 04/28/2024

Compass

Last Buyer's Agent

Patrick West

Century 21 New Heritage West License #475119607

Century 21 New Heritage West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,817

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 60x120
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces
  • Parking Space is Owned
  • Assigned Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • First Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Dean Street Elementary School
  • Olson Elementary Middle School
  • Woodstock High School

Additional Features

  • Porch
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $830
  • Gross Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,817

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Utility Room-1st Floor, Utility Room-2nd Floor
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 220000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 4
  • Parking Features: Assigned
  • ParkingTotal: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Dean Street Elementary School
  • High School: Woodstock High School
  • Middle/Junior School: Olson Elementary School
  • Middle/Junior School District: 200

Lot Info

  • Lot Dimensions: 60X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Multi Family

  • Insurance Expense: 830
  • GrossIncome: 21000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4817.34
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2024
Closed on
Jul 1, 2024
Sold by
Trust Number 4770 and Home State Bank/National Association
Bought by
Heathers Homes Llc Series 503
Seller's Agent
Jose Rey
Compass
Buyer's Agent
Patrick West
Century 21 New Heritage West
List Price
$220,000
Sold Price
$240,000
Premium/Discount to List
$20,000
9.09%
Views
163
Current Estimated Value
$278,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,536
Avg. Annual Appreciation
12.34%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Heathers Homes Llc Series 503 $240,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $240,000 0.0% --
05/19/2024 05/19/24 Pending -- -- --
05/19/2024 05/19/24 Off Market $240,000 -- --
04/18/2024 04/18/24 For Sale $220,000 -- --
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 $5,364 $58,219 $8,595 $49,624
2023 $5,150 $52,649 $7,773 $44,876
2022 $4,817 $46,724 $6,898 $39,826
2021 $4,607 $43,655 $6,445 $37,210
2020 $4,457 $41,481 $6,124 $35,357
2019 $4,344 $39,596 $5,846 $33,750
2018 $3,946 $35,401 $6,668 $28,733
2017 $3,897 $33,319 $6,276 $27,043
2016 $3,894 $30,851 $5,811 $25,040
2013 -- $36,069 $5,945 $30,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12028797

Midwest Real Estate Data (MRED)

APN: 13-08-105-001