NOT LISTED FOR SALE

505 E Chestnut St Bloomington, IL 61701

Estimated Value: $172,493 - $230,000

4 Beds
5 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold May 14, 2024

Last sale price $150,000

Est. 30% increase in value since last sale

Current estimated payment $1,296/month

97 Days on Market

About This Home

As of May 2024

3 unit apartment building located minutes from Wesleyan University. Recently renovated in 2022 including new flooring, paint, 4 windows, bathroom vanity, kitchen cabinets, appliances, entry doors, and a concrete walkway in fenced yard. Unit A: $712.00 Unit B: $795.00 Unit C: $815.00 Come see this amazing investment property to add on to your portfolio. BRING OFFERS! Broker-interest.

Last Agent to Sell the Property

Diego Marec

ERA Naper Realty, Inc. License #475205403 Listed on: 11/12/2023

Last Buyer's Agent

Ryan Crowley

Vesta Real Estate LLC License #475195953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,368

Year Renovated

  • 2021

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 90x55

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Space is Owned

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Gross Income $27,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,368

Year Renovated

2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 2
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 90X55
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 27864
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 3368.28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2023
Closed on
May 13, 2024
Sold by
Chestnut Street Trust and Breizh Realty Llc
Bought by
Marrocco Ronald
Seller's Agent
Diego Marec
ERA Naper Realty, Inc.
Buyer's Agent
Ryan Crowley
Vesta Real Estate LLC
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Views
244
Current Estimated Value
$194,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,373
Avg. Annual Appreciation
17.01%
Original Mortgage
$147,283
Outstanding Balance
$145,314
Interest Rate
7.13%
Mortgage Type
FHA
Estimated Equity
$49,059

Purchase Details

Closed on
Dec 17, 2021
Sold by
Velasquez Gary
Bought by
Lopez Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
3.09%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Mar 20, 2019
Closed on
Dec 28, 2020
Sold by
Laramie Investments Llc
Bought by
Velasquez Gary
Seller's Agent
Samantha Starkey
CORE 3 Residential Real Estate LLC
Buyer's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$109,250
Interest Rate
2.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 25, 2016
Sold by
Shepard Cynthia M
Bought by
Laramie Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3.48%
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 Buyer Sale Price Title Company
Marrocco Ronald $150,000 None Listed On Document
Lopez Ryan $125,000 Titlestar
Velasquez Gary $115,000 Bugg Todd E
Laramie Investments Llc $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marrocco Ronald $147,283
Previous Owner Lopez Ryan $6,000
Previous Owner Velasquez Gary $109,250
Previous Owner Laramie Investments Llc $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2024 05/14/24 Sold $150,000 -9.1% --
02/18/2024 02/18/24 Pending -- -- --
12/13/2023 12/13/23 Price Changed $165,000 -2.9% --
11/26/2023 11/26/23 Price Changed $169,900 -2.9% --
11/12/2023 11/12/23 For Sale $175,000 +52.2% --
12/28/2020 12/28/20 Sold $115,000 -4.1% -- View Prior Sale
12/03/2020 12/03/20 For Sale $119,900 0.0% --
12/01/2020 12/01/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $119,900 +4.3% --
07/29/2020 07/29/20 Off Market $115,000 -- --
07/01/2019 07/01/19 For Sale $119,900 +4.3% --
06/30/2019 06/30/19 Off Market $115,000 -- --
06/04/2019 06/04/19 Price Changed $119,900 -4.0% --
03/20/2019 03/20/19 For Sale $124,900 -- --
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 $3,368 $45,812 $5,381 $40,431
2022 $3,368 $39,632 $4,655 $34,977
2021 $3,083 $36,281 $4,261 $32,020
2020 $2,398 $28,288 $4,261 $24,027
2019 $2,391 $28,288 $4,261 $24,027
2018 $2,381 $28,288 $4,261 $24,027
2017 $2,382 $28,288 $4,261 $24,027
2016 $2,377 $28,288 $4,261 $24,027
2015 $2,371 $28,288 $4,261 $24,027
2014 $2,295 $28,288 $4,261 $24,027
2013 -- $28,288 $4,261 $24,027
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11929113

Midwest Real Estate Data (MRED)

APN: 21-04-232-003