NOT LISTED FOR SALE

521 3rd St Lacon, IL 61540

8 Beds
4 Baths
5,824 Sq Ft
0.25 Acres

Last Sold November 01, 2024

Last sale price $335,000 $58 Per Sq Ft

11 Days on Market

About This Home

As of November 2024

Attention Investors! 2 four unit buildings(8 total units) available in Lacon. Amenities include; partial brick front, new roofs(2021 and 2022), replacement windows, off street parking, all units are identical 2 bedroom floor plans, all have central air, tenants pay their own electric, many long term tenants, great potential for higher rents, gross rents of over $53,000 per year. Unit #W1 in building 521 recently went vacant and can be shown(asking $700 rent). Agent interest. $339,900

Last Listed By

Brian Monge

Jim Maloof Realty, Inc. License #475124221 Listed on: 08/27/2024

Jim Maloof Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66 x 165
  • Corner Lot
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • 5,824 Sq Ft Home
  • Block Foundation
  • Shingle Roof
  • Wood Siding

Schools

  • Midland Elementary And Middle School
  • Midland High School

Utilities

  • Electric Water Heater
  • Cable TV Available

Community Details

  • Original Town Lacon Subdivision
  • Trash Expense $2,100

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 04-36-109-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1972
  • New Construction: No
  • Structure Type: Apartment Building
  • PricePerSqFt: 57.52
  • Special Features: None

Interior Features

  • Basement: None
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Brick Partial, Wood Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 8

Utilities

  • Heating: Electric, Central Air, Electric Water Heater
  • Water Sewer Expenses: 3840
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 8
  • NumberOfHeatingUnits: 8
  • NumberOfCentralAirUnits: 8
  • NumberOfGasMeters: 0
  • NumberOfElectricMeters: 8
  • NumberofWaterMeters: 1
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 500

Fee Information

  • Trash Expense: 2100
  • AdvertisingExpense: 0

Schools

  • Elementary School: Midland
  • High School: Midland
  • Middle Or Junior School: Midland

Lot Info

  • Zoning: Multi-Family
  • Lot Size Acres: 0.25
  • Lot Size: 66 x 165
  • Additional Parcels Description: N/A
  • Parcel #: 04-36-109-003

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5761.32
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 55160
  • Resident Manager Expense: 1800
  • Annual Operating Expense: 10840

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $335,000 -1.4% $58 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $339,900 +61.9% $58 / Sq Ft
06/30/2021 06/30/21 Sold $210,000 -12.1% $36 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $239,000 -- $41 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Monge

    Seller's Agent in 2024

    Brian Monge

    Jim Maloof Realty, Inc.

    (309) 657-8182

    657 Total Sales

    Brian Monge
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Agent RMLSA

    Non-MLS

  • D

    Seller's Agent in 2021

    Dawn Meierkord

    Century 21 Lincoln National Realty

See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1252803

RMLS Alliance

Illinois Marshall County Lacon 61540

521 3rd St, Lacon, IL

Homes for Sale in Lacon, IL

This home is located at 521 3rd St, Lacon, IL 61540 since 27 August 2024. This property was built in 1972. 521 3rd St is a home located in Marshall County with nearby schools including Midland Elementary School, Midland Middle School, and Midland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.