NOT LISTED FOR SALE

522 N Main St Hanna City, IL 61536

Estimated Value: $581,967

-- Bed
5 Baths
8,295 Sq Ft
$70/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $350,000 $42 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,865/month

1,163 Days on Market

About This Home

As of July 2021

Great investment opportunity to own this doll house 12 unit apartment complex next to the ball park. Some apartments have been completely remodeled. One year leases on each unit. Close to post office and restaurants, which is walking distance for all tenants. Annual income and expenses are from 2017.

Last Agent to Sell the Property

Ric Krupps

RE/MAX Traders Unlimited License #475097047 Listed on: 03/14/2018

RE/MAX Traders Unlimited

Last Buyer's Agent

Mark Wagner

Professional Leasing & Real Es License #471.004739

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,516

Year Built

  • Built in 1967

Lot Details

  • 0.37

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for common area, common area maintenance, trash, snow/lawn, water/sewer

Property Details

Property Type

Other

Est. Annual Taxes

$6,516

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family
  • Lvt Date: 03/12/2019
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Other Access: None
  • Total Building Sq Ft: 8379

Exterior Features

  • Exterior Finish: Brick, Aluminum
  • Frontage Access: City Street
  • Insulation: Roof
  • Roof Construction: Metal
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 18

Utilities

  • Cooling: Individual Units, Wall/Window
  • Heating: Electric, Hot Water
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.37
  • Zoning: R-1
  • Estimated Land Size: 100 x 160
  • Geo Subdivision: IL

Rental Info

  • Common Laundry: Yes
  • Owner Pays: Common Area, Common Area Maint, Trash, Snow/Lawn, Water/Sewer
  • Sale Lease Includes: Building, Business, Inventory
  • Tenant Pays: Electric, Heating
  • Terms Lease: Yearly, Month to Month

Tax Info

  • Annual Taxes: 6515.86
  • Parcel Id Number Tax Id: 16-11-101-003
  • Estimated Taxes Sq Ft: 0.83
  • Tax Incentive: None
  • Tax Year: 2020

Multi Family

  • Total Number Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2023
Sold by
Acceleration Ventures Llc
Bought by
Staley Properties Llc
Current Estimated Value
$581,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$394,640
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$349,974

Purchase Details

Listed on
Mar 14, 2018
Closed on
Jul 15, 2021
Sold by
Rlk Assoc Inc
Bought by
Acceleration Ventures Llc
Seller's Agent
Ric Krupps
RE/MAX Traders Unlimited
Buyer's Agent
Mark Wagner
Professional Leasing & Real Es
List Price
$369,900
Sold Price
$350,000
Premium/Discount to List
-$19,900
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.79%
Original Mortgage
$297,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2006
Bought by
Rlk Associates Inc
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
Staley Properties Llc $640,000 None Listed On Document
Acceleration Ventures Llc $350,000 None Listed On Document
Rlk Associates Inc $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Staley Properties Llc $480,000
Previous Owner Acceleration Ventures Llc $297,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $350,000 -5.4% $42 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $369,900 0.0% $45 / Sq Ft
04/21/2021 04/21/21 Price Changed $369,900 +2.8% $45 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
01/11/2021 01/11/21 Price Changed $359,900 +5.9% $43 / Sq Ft
06/26/2019 06/26/19 Price Changed $339,900 +6.3% $41 / Sq Ft
03/14/2018 03/14/18 For Sale $319,900 -- $39 / Sq Ft
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 $9,163 $109,090 $11,010 $98,080
2023 $8,445 $100,080 $10,100 $89,980
2022 $6,516 $77,060 $9,800 $67,260
2021 $6,546 $77,060 $9,800 $67,260
2020 $6,516 $77,060 $9,800 $67,260
2019 $6,934 $78,630 $10,000 $68,630
2018 $7,844 $91,650 $10,000 $81,650
2017 $7,929 $92,570 $10,100 $82,470
2016 $7,946 $92,570 $10,100 $82,470
2015 $6,554 $90,750 $9,900 $80,850
2014 $6,567 $75,980 $9,660 $66,320
2013 -- $75,980 $9,660 $66,320
Source: Public Records

Agents Affiliated with this Home

  • Ric Krupps

    Seller's Agent in 2021

    Ric Krupps

    RE/MAX

    (309) 208-8579

    276 Total Sales

    Ric Krupps
    Section Image
  • Mark Wagner

    Buyer's Agent in 2021

    Mark Wagner

    Professional Leasing & Real Es

    (309) 645-4001

    434 Total Sales

    Mark Wagner
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1202362

RMLS Alliance

APN: 16-11-101-003

Illinois Peoria County Hanna City 61536

522 N Main St, Hanna City, IL

This home is located at 522 N Main St, Hanna City, IL 61536 since 14 March 2018 and is currently estimated at $581,967, approximately $70 per square foot. This property was built in 1967. 522 N Main St is a home located in Peoria County with nearby schools including Farmington Central Elementary School, Farmington Central Junior High School, and Farmington Central 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.

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