NOT LISTED FOR SALE

508 E Madison St Pontiac, IL 61764

Estimated Value: $123,698 - $161,000

3 Beds
4 Baths
2,462 Sq Ft
$57/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $117,000 $48 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,002/month

116 Days on Market

Highlights

  • Waterfront
  • 2 Car Attached Garage
  • Ceiling Fan
  • Traditional Architecture

About This Home

As of August 2023

Fully rented 3-unit in great location in Pontiac!! Solid tenants make this property appealing and easy to manage yourself. Tenants pay gas and electric to make this property very cost effective! Contact me to find out more about this opportunity. Property sold AS-IS.

Last Agent to Sell the Property

Sean Bozarth

RE/MAX Rising License #475135415 Listed on: 04/28/2023

RE/MAX Rising

Last Buyer's Agent

Betsy Fellheimer

Joan Bullard Realty License #475196244

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,725

Year Built

  • Built in 1860

Lot Details

  • Lot Dimensions are 76 x 120
  • Waterfront

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Traditional Architecture
  • Block Exterior

Interior Spaces

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Attendance Centers Elementary School
  • Pontiac Junior High School
  • Pontiac High School

Utilities

  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,725

Year Built

Built in 1860

Lot Details

9,104 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1860
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Other Equipment: TV-Cable, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Waterfront: Yes
  • Exterior Building Type: Block

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: No
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Conversion YN: Y

Fee Information

  • Other Expenses $: 0

Schools

  • Elementary School: Attendance Centers
  • High School: Pontiac High School
  • Middle/Junior School: Pontiac Junior High School

Lot Info

  • Lot Dimensions: 76 X 120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 2725
  • Tax Year: 2021

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $117,000 -15.8% $48 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $139,000 -- $56 / Sq Ft
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 $3,293 $35,611 $5,862 $29,749
2023 $3,208 $33,313 $5,484 $27,829
2022 $2,802 $27,862 $5,484 $22,378
2021 $2,725 $26,790 $5,273 $21,517
2020 $2,701 $25,984 $5,114 $20,870
2019 $2,640 $24,846 $4,890 $19,956
2018 $2,801 $26,551 $4,939 $21,612
2017 $2,791 $26,524 $4,934 $21,590
2016 $2,803 $26,846 $4,994 $21,852
2015 $2,831 $26,846 $4,994 $21,852
2013 $2,288 $22,818 $5,352 $17,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11769742

Midwest Real Estate Data (MRED)

APN: 15-15-22-435-002

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