NOT LISTED FOR SALE

505 Franklin St Dekalb, IL 60115

Estimated Value: $189,000 - $241,000

4 Beds
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $160,000

Est. 32% increase in value since last sale

Current estimated payment $1,506/month

262 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • 5-minute walk to Hallgren Park

About This Home

As of June 2022

Nice corner lot 2-unit rental close to downtown. Enjoy the spacious master bedroom in the downstairs unit.

Last Agent to Sell the Property

David Coovert

Home Zone Realty Inc Listed on: 09/13/2021

Last Buyer's Agent

Michelle Whitlow

Keller Williams Realty Signature License #475185932

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,389

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 76.65x66.14x76.57x66.15

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Deck
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $20,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,389

Year Built

Built in 1945

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: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 167900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 428

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 76.65X66.14X76.57X66.15
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Multi Family

  • GrossIncome: 20700
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5389.36
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Jun 14, 2022
Sold by
Gregory A Akers Trust
Bought by
Lunk Michael
Seller's Agent
David Coovert
Home Zone Realty Inc
Buyer's Agent
Michelle Whitlow
Keller Williams Realty Signature
List Price
$167,900
Sold Price
$160,000
Premium/Discount to List
-$7,900
-4.71%
Current Estimated Value
$210,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,720
Avg. Annual Appreciation
8.70%
Original Mortgage
$136,000
Outstanding Balance
$130,097
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$80,623

Purchase Details

Closed on
Jun 30, 2021
Sold by
Akers Gregory A and Akers Lisa
Bought by
Gregory A Akers Trust and Lisa L Akers Trust

Purchase Details

Closed on
Oct 22, 2007
Sold by
National Bk & Tr Sycamore
Bought by
Akers Gregory A and Akers Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,400
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2005
Sold by
Ignelzi Louis L
Bought by
Ignelzi Louis L and Ignelzi Elsa
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
Lunk Michael $160,000 Ullrich Law Llc
Gregory A Akers Trust -- None Listed On Document
Akers Gregory A $87,500 --
Akers Gregory $87,500 --
Ignelzi Louis L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lunk Michael $136,000
Previous Owner Akers Gregory A $139,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $160,000 -4.7% --
06/07/2022 06/07/22 For Sale $167,900 +4.9% --
06/03/2022 06/03/22 Off Market $160,000 -- --
06/03/2022 06/03/22 Pending -- -- --
04/19/2022 04/19/22 Pending -- -- --
09/13/2021 09/13/21 For Sale $172,900 -- --
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 $4,671 $63,788 $8,471 $55,317
2023 $4,671 $55,618 $7,386 $48,232
2022 $5,131 $50,778 $8,429 $42,349
2021 $5,270 $47,626 $7,906 $39,720
2020 $5,389 $46,867 $7,780 $39,087
2019 $5,284 $45,025 $7,474 $37,551
2018 $5,159 $43,499 $7,221 $36,278
2017 $5,208 $41,814 $6,941 $34,873
2016 $5,151 $40,759 $6,766 $33,993
2015 -- $38,620 $6,411 $32,209
2014 -- $40,834 $9,276 $31,558
2013 -- $42,893 $9,744 $33,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11217329

Midwest Real Estate Data (MRED)

APN: 08-23-306-013