NOT LISTED FOR SALE

504 College Ave Dekalb, IL 60115

Estimated Value: $265,000 - $328,000

13 Beds
3 Baths
-- Sq Ft
8,843 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $235,000

Est. 29% increase in value since last sale

Current estimated payment $2,206/month

1 Day on Market

Highlights

  • Community Lake
  • Corner Lot
  • Forced Air Heating System
  • Deck
  • Lower Floor Utility Room
  • Multiple Water Heaters

About This Home

As of July 2022

Investment opportunity! 3 units: (1) 5 bedroom & (2) 4 bedrooms. Well maintained! Common laundry, off street parking/driveway. Tenants pay utilities. 1 block from NIU & parks! Leases through 2023 and all would like to stay! Call for your private showing!

Last Agent to Sell the Property

Melissa Sedevie

American Realty Illinois LLC License #475175423 Listed on: 06/08/2022

Last Buyer's Agent

Aaron Schwartz

Weichert REALTORS Signature Professionals License #475161503

Weichert REALTORS Signature Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,571

Lot Details

  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Lower Floor Utility Room
  • Unfinished Basement
  • Partial Basement
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 3 Units
  • Community Lake

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,571

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 13
  • Other Equipment: Fire Sprinklers, Multiple Water Heaters
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Deck
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unassigned, Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Lake, Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Dimensions: 66 X 122.60 X 64.80+ X 134+
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7570.56
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jul 19, 2022
Sold by
Tillman-Wright Real Estate Investment Ll
Bought by
Muvva Aravind
Seller's Agent
Melissa Sedevie
American Realty Illinois LLC
Buyer's Agent
Aaron Schwartz
Weichert REALTORS Signature Professionals
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Current Estimated Value
$303,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,854
Avg. Annual Appreciation
7.57%
Original Mortgage
$188,000
Outstanding Balance
$159,105
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$144,749

Purchase Details

Closed on
Dec 18, 2012
Sold by
Tillman Wright Real Estate
Bought by
Tillman Wright Real Estate

Purchase Details

Closed on
Sep 30, 2009
Sold by
Dnj Properties Inc
Bought by
Tillman Wright R E Investment

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2009
Sold by
Sears Daniel J
Bought by
D N J Properties Inc

Purchase Details

Closed on
Feb 25, 2009
Sold by
Sears Daniel J
Bought by
D N J Properties Inc

Purchase Details

Closed on
Mar 15, 2005
Sold by
Massier Douglas M
Bought by
Sears Daniel J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Muvva Aravind $235,000 Ullrich Law Llc
Tillman Wright Real Estate -- --
Tillman Wright R E Investment $411,000 --
D N J Properties Inc -- --
D N J Properties Inc -- --
Sears Daniel J $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muvva Aravind $188,000
Previous Owner Tillman Wright R E Investment $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2022 07/22/22 Sold $235,000 -6.0% --
06/10/2022 06/10/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $249,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $7,520 $91,628 $9,679 $81,949
2023 $7,371 $79,892 $8,439 $71,453
2022 $7,371 $72,941 $9,631 $63,310
2021 $7,571 $68,412 $9,033 $59,379
2020 $7,741 $67,321 $8,889 $58,432
2019 $7,590 $64,676 $8,540 $56,136
2018 $7,411 $62,482 $8,250 $54,232
2017 $7,481 $60,061 $7,930 $52,131
2016 $7,398 $58,545 $7,730 $50,815
2015 -- $55,472 $7,324 $48,148
2014 -- $48,790 $10,597 $38,193
2013 -- $51,250 $11,131 $40,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11428482

Midwest Real Estate Data (MRED)

APN: 08-22-251-008