NOT LISTED FOR SALE

518 Abend St Belleville, IL 62220

Estimated Value: $219,000 - $279,000

9 Beds
-- Bath
2,324 Sq Ft
$109/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $200,000 $86 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,842/month

516 Days on Market

About This Home

As of March 2022

Great investment opportunity to add to your Portfolio with tenants already in place! 9 units all offering one bedroom, living room, kitchen and 3/4 or full bathrooms. Rents very from $350-$474 a month and tenants are responsible to pay electric. Pictures are from 518 Abend unit #C. There is a 3 car detached garage that can be rented for more cash flow, each rents for $75.00 a month. This is one of many homes offered with this seller that can be bundled together. Buyer to verify all MLS information. Tenant rights

Last Agent to Sell the Property

Craig Wilson

Re/Max Signature Properties License #475167502 Listed on: 08/25/2020

Re/Max Signature Properties

Last Buyer's Agent

Raquel Vice

Century 21 Advantage License #471009948

Century 21 Advantage

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,216

Year Built

  • Built in 1900

Lot Details

  • 6,142 Sq Ft Lot
  • Lot Dimensions are 100 x 61
  • Corner Lot

Home Design

  • 2,324 Sq Ft Home
  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Parking Garage Space
  • Parking Lot

Schools

  • Belleville Dist 118 Elementary And Middle School
  • Belleville High School-East

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 9 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 08-27.0-135-017

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,216

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Municipality Township: Belleville
  • Special Description: No Exemptions
  • Age: 122
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 2324

Exterior Features

  • Construction: Brick Veneer Predom

Garage/Parking

  • Parking: On Street Parking, Parking Garage, Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Window Unit(s)
  • Heating: Baseboard

Schools

  • School District: Belleville DIST 118
  • Elementary School: BELLEVILLE DIST 118
  • Middle School: BELLEVILLE DIST 118
  • High School: Belleville High School-East
  • Elementary School: BELLEVILLE DIST 118
  • Junior High School: BELLEVILLE DIST 118
  • School District: Belleville DIST 118
  • Senior High School: Belleville High School-East

Lot Info

  • Lot Dimensions: 100 x 61
  • Lot Sq Ft: 6142
  • Location: Corner Location
  • Acres: 0.1410

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric

Multi Family

  • Building Info: No Units Furnished
  • Building Number: 1
  • Gross Operating Income: 43500.00
  • Total Units: 9
  • Units: 3

Tax Info

  • Taxes Paid: 6974
  • Assessor Parcel Number: 08-27.0-135-017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Mar 31, 2022
Sold by
Conzelman David S and 518A Land Trust 518A Land Trust
Bought by
Ayadi Rachid
Seller's Agent
Craig Wilson
Re/Max Signature Properties
Buyer's Agent
Raquel Vice
Century 21 Advantage
List Price
$230,000
Sold Price
$200,000
Premium/Discount to List
-$30,000
-13.04%
Current Estimated Value
$252,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,612
Avg. Annual Appreciation
6.74%
Original Mortgage
$150,000
Outstanding Balance
$140,399
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$112,213
Source: Public Records

Range of Values:

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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
Ayadi Rachid $200,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayadi Rachid $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $200,000 -13.0% $86 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $230,000 +15.0% $99 / Sq Ft
01/01/2022 01/01/22 Off Market $200,000 -- --
11/01/2021 11/01/21 For Sale $230,000 0.0% $99 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
11/20/2020 11/20/20 Price Changed $230,000 -8.0% $99 / Sq Ft
10/30/2020 10/30/20 For Sale $250,000 0.0% $108 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $250,000 -- $108 / Sq Ft
Source: MARIS MLS

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 $6,216 $70,688 $4,414 $66,274
2023 $8,128 $86,596 $4,327 $82,269
2022 $7,461 $77,958 $3,895 $74,063
2021 $7,186 $72,070 $3,601 $68,469
2020 $6,974 $68,051 $3,405 $64,646
2019 $3,880 $37,448 $3,581 $33,867
2018 $3,794 $36,639 $3,504 $33,135
2017 $1,906 $36,381 $3,479 $32,902
2016 $3,716 $35,608 $3,405 $32,203
2014 $1,686 $36,463 $3,214 $33,249
2013 $3,336 $36,985 $3,260 $33,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS20055990

MARIS MLS

APN: 08-27.0-135-017