NOT LISTED FOR SALE

5217 N Prospect Rd Unit 1-4 Peoria, IL 61614

North Peoria Neighborhood

Estimated Value: $388,000 - $855,000

7 Beds
6 Baths
7,950 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 30, 2019

Last sale price $475,000 $60 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,895/month

About This Home

As of December 2019

The only apartment complex in the Heights corridor with partial/seasonal river views, this four, possible 5 unit complex is beautifully maintained and boasts location location location. Equal distance between Junction City and the Peoria Heights shopping/restraunt district, the income producing property is a great opportunity and well built!

Last Agent to Sell the Property

Laurie Pearl

Keller Williams Premier Realty License #475136403 Listed on: 12/02/2019

Keller Williams Premier Realty

Last Buyer's Agent

Laurie Pearl

Keller Williams Premier Realty License #475136403 Listed on: 12/02/2019

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,447

Year Built

  • Built in 1964

Lot Details

  • 0.62

Home Design

  • Slab Foundation

Parking

  • Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Hallway

Schools

  • Kellar Elementary School
  • Richwoods High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric only, gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,447

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: METES AND BOUNDS
  • Lvt Date: 12/02/2019
  • Year Built: 1964
  • Ada Features: Elevator, Wide Hallways
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Elevator, Garage Door Opener(s)
  • Basement: Slab
  • Price Per Sq Ft: 59.75
  • Total Sq Ft: 7950

Exterior Features

  • Exterior: Brick Partial, Stone, Vinyl Siding
  • Road Access: Curbs & Gutters
  • Exterior Amentities: Fenced

Garage/Parking

  • Garage Parking: Attached, Detached, Guest Parking
  • Number Parking Spaces: 10

Utilities

  • Heating Cooling: 2+ Heating Systems, Electric, Forced Air, Gas, 2+ Cooling Systems, Central Air, Water Heater - Electric, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 864
  • Laundry Facilities: Private, Units Hook-Ups

Schools

  • Elementary School: Kellar
  • High School: Richwoods

Lot Info

  • Estimated Lot Size: See survey
  • Estimated Number of Acres: 0.62
  • Lot Description: Corner, Level
  • Zoning: residential
  • Subdivision: Prospect Heights
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only, Gas & Electric
  • Gross Annual Rent Income: 40200
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 15447.06
  • Parcel Id Number Tax Id: 14-22-105-016
  • Tax Year: 2018

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 40200
  • Total Number Central Air Units: 6
  • Total Number Electric Meters: 6
  • Total Number Gas Meters: 6
  • Total Number Heating Units: 6
  • Total Number Water Heaters: 5
  • Total Number Water Meters: 3

MLS Schools

  • Middle School: Liberty Leadership Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Jan 2, 2020
Sold by
5217 Prospect Llc
Bought by
Gg Properties V Llc & Series 5
Seller's Agent
Laurie Pearl
Keller Williams Premier Realty
Buyer's Agent
Laurie Pearl
Keller Williams Premier Realty
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$648,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,636
Avg. Annual Appreciation
5.43%
Original Mortgage
$365,250
Outstanding Balance
$322,713
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$325,923

Purchase Details

Listed on
Dec 2, 2019
Closed on
Dec 30, 2019
Sold by
5217 Prospect Llc
Bought by
Gg Properties V Llc & Series 5
Seller's Agent
Laurie Pearl
Keller Williams Premier Realty
Buyer's Agent
Laurie Pearl
Keller Williams Premier Realty
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,250
Outstanding Balance
$322,713
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$325,923

Purchase Details

Closed on
Aug 9, 2017
Sold by
J Rynders Properties
Bought by
5217 Prospect Llc
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
Gg Properties V Llc & Series 5 $475,000 Hunziker & Heck Llc
Gg Properties V Llc & Series 5 $475,000 Hunziker & Heck Llc
5217 Prospect Llc $475,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gg Properties V Llc & Series 5 $365,250
Closed Gg Properties V Llc & Series 5 $365,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2019 12/30/19 Sold $475,000 0.0% $60 / Sq Ft
12/02/2019 12/02/19 For Sale $475,000 -- $60 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
Source: RMLS Alliance

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 $17,712 $195,820 $33,750 $162,070
2023 $16,903 $179,650 $30,960 $148,690
2022 $15,766 $163,450 $28,420 $135,030
2021 $15,476 $155,670 $27,070 $128,600
2020 $15,444 $154,130 $26,800 $127,330
2018 $14,667 $150,600 $27,620 $122,980
2017 $14,209 $147,390 $27,900 $119,490
Source: Public Records

Agents Affiliated with this Home

  • Laurie Pearl

    Seller's Agent in 2019

    Laurie Pearl

    Keller Williams Premier Realty

    (309) 208-8787

    110 in this area

    228 Total Sales

    Laurie Pearl
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Map

Source: RMLS Alliance

MLS Number: RMAPA1210993

RMLS Alliance

APN: 14/22/105/016

Illinois Peoria County Peoria 61614 North Peoria

5217 N Prospect Rd Unit 1-4, Peoria, IL

Not Listed for Sale

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