$92,500
SOLD MAR 12, 2025

504 S 18th St Herrin, IL 62948

-- Bed
-- Bath
-- Sq Ft
7,013 Sq Ft Lot

Recently Sold

29% Below List Price

184 Days on Market

Highlights

  • Zoned Cooling
  • Baseboard Heating
  • Level Lot
  • Two Heating Systems

About This Home

As of March 2025

This well maintained, fully rented duplex is the perfect addition to your investment portfolio - or the ideal property to kickstart your real estate journey. This duplex is priced at an unbeatable $99,997, offering exceptional cash flow in addition to meeting the 1% rule for savvy investors. Fully rented with reliable tenants, this property generates consistent income & immediate cash flow, with minimal hassle. Each unit features 2 bedrooms, 1 bathroom, and spacious living areas with recent updates. Don't miss this rare opportunity to own a turnkey investment property at an amazing price! Minimal maintenance and consistent cash flow make this an investor's dream. Don't miss this rare find! Schedule your showing today.

Last Agent to Sell the Property

Kaitlynn Morgan

House 2 Home Realty Marion License #475.133544 Listed on: 07/16/2024

Last Buyer's Agent

Hope Williams

Keller Williams Pinnacle - MTV License #475177525

Keller Williams Pinnacle - MTV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,801

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 50x140x50x140
  • Level Lot

Parking

  • Alley Access

Home Design

  • Block Foundation

Schools

  • Herrin High School

Utilities

  • Zoned Cooling
  • Two Heating Systems
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Insurance Expense $900
  • Water Sewer Expense $1,400
  • Gross Income $15,700
  • Net Operating Income $11,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,801

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: None
  • Year Built: 1964
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: STOTLARS, W N 3RD ADD
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Water Heater-Electric

Exterior Features

  • Construction Materials: Cedar, Wood Siding
  • Foundation Details: Block
  • Lot Features: Level, Other

Garage/Parking

  • Parking Features: Alley Access, Carport

Utilities

  • Sewer: Public Sewer
  • Cooling: Zoned
  • Heating: Baseboard, Electric, Sep Heating Systems - 2+
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 1400

Schools

  • High School: Herrin

Lot Info

  • Lot Dimensions: 50x140x50x140

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 11599
  • Insurance Expense: 900
  • GrossIncome: 15700

Tax Info

  • Tax Annual Amount: 1800.8
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Mar 12, 2025
Sold by
Walnut Investment Group Llc
Bought by
Robbers Mikayla
Seller's Agent
Kaitlynn Morgan
House 2 Home Realty Marion
Buyer's Agent
Hope Williams
Keller Williams Pinnacle - MTV
List Price
$129,997
Sold Price
$92,500
Premium/Discount to List
-$37,497
-28.84%
Views
85
Current Estimated Value
$94,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,830
Avg. Annual Appreciation
2.48%
Original Mortgage
$75,069
Outstanding Balance
$74,691
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$19,639

Purchase Details

Closed on
Jan 31, 2019
Sold by
Chaney Shane A and Chaney Jennifer D
Bought by
Chaney Shane A and Chaney Jennifer D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $92,500 None Listed On Document
Warranty Deed $92,500 None Listed On Document
Warranty Deed $45,000 None Listed On Document
Warranty Deed $45,000 None Listed On Document
Quit Claim Deed -- Law Offices Of Brandon C Maybe
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,069 Credit Line Revolving
Closed $75,069 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2025 03/12/25 Sold $92,500 -28.8% --
01/16/2025 01/16/25 Pending -- -- --
07/16/2024 07/16/24 For Sale $129,997 -- --
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
2025 $1,981 $22,780 $3,380 $19,400
2024 $1,981 $22,780 $3,380 $19,400
2023 $1,981 $22,780 $3,380 $19,400
2022 $1,716 $20,070 $2,980 $17,090
2021 $1,716 $18,270 $2,710 $15,560
2020 $1,668 $18,270 $2,710 $15,560
2019 $1,553 $18,270 $2,710 $15,560
2018 $1,553 $18,270 $2,710 $15,560
2017 $1,518 $18,270 $2,710 $15,560
2015 $1,451 $17,310 $2,570 $14,740
2013 $1,129 $17,310 $2,570 $14,740
2012 $1,129 $17,310 $2,570 $14,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4254604

Midwest Real Estate Data (MRED)

APN: 02-30-258-002