NOT LISTED FOR SALE

526 E 8th St Alton, IL 62002

Estimated Value: $119,000 - $154,000

2 Beds
1 Bath
4,106 Sq Ft
$35/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $95,000 $23 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,010/month

65 Days on Market

About This Home

As of June 2018

You want investment property? Here it is! 4 Unit apartment building fully rented. Net profit on this building is close to 18 grand a year! Very nice tenants, who all pay their rent and on time! This property has 3 units that have 2 bed, 1 bath each, and 1 efficiency apartment with 1 bedroom.

Last Agent to Sell the Property

Ginny Becker

Landmark Realty License #475128555 Listed on: 02/22/2018

Co-Listed By

BOBBY HOSFELT, JR

Tarrant and Harman Real Estate and Auction Co License #475121476

Last Buyer's Agent

Patty Stanley

RE/MAX Alliance License #475156178

RE/MAX Alliance

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • Lot Dimensions are 60 x 120

Home Design

  • 4,106 Sq Ft Home
  • Quadruplex
  • Brick or Stone Mason

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electric, gas, water

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Henry
  • Municipality Township: Alton
  • Special Description: No Exemptions
  • Age: 98
  • Ownership: Owner By Contract
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Misc Features: Basement
  • Square Footage: 4106

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: 2 Window/Wall
  • Heating: Forced Air

Lot Info

  • Lot Dimensions: 60 x 120
  • Lot Number: Lot 5

Rental Info

  • Tenancy Type: Month To Month
  • Tenant Pays: Electric, Gas, Water

Multi Family

  • Gross Operating Income: 23100.00
  • Units: 4
  • Total Expenses: 5196.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 2555

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2018
Closed on
Jun 13, 2018
Sold by
Mcnamara Michael P and Mcnamara Rachel L
Bought by
Luciland Llc
Seller's Agent
Ginny Becker
Landmark Realty
Buyer's Agent
Patty Stanley
RE/MAX Alliance
List Price
$95,000
Sold Price
$95,000
Current Estimated Value
$143,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,729
Avg. Annual Appreciation
5.62%
Original Mortgage
$76,708
Outstanding Balance
$66,340
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$77,389

Purchase Details

Closed on
Nov 29, 2017
Sold by
Piasa Property Management Llc
Bought by
Mcnamara Michael P and Mcnamara Rachel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2007
Sold by
Batchelor Stephen D and Batchelor Baraba J
Bought by
Piasa Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,500
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2006
Sold by
Batchelor Stephen D and Batchelor Barbara J
Bought by
Batchelor Stephen D and Batchelor Barbara J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luciland Llc $95,000 Serenity Title
Mcnamara Michael P $85,000 Serenity Title
Piasa Property Management Llc $86,500 Serenity Title & Escrow Ltd
Batchelor Stephen D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luciland Llc $76,708
Previous Owner Mcnamara Michael P $42,500
Previous Owner Piasa Property Management Llc $89,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2018 06/15/18 Sold $95,000 0.0% $23 / Sq Ft
05/04/2018 05/04/18 Rented $575 0.0% --
04/29/2018 04/29/18 Pending -- -- --
04/20/2018 04/20/18 Under Contract -- -- --
04/04/2018 04/04/18 For Rent $575 0.0% --
02/22/2018 02/22/18 For Sale $95,000 -- $23 / 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 $3,111 $38,270 $3,530 $34,740
2023 $3,111 $34,560 $3,190 $31,370
2022 $2,923 $31,240 $2,880 $28,360
2021 $2,690 $29,360 $2,710 $26,650
2020 $2,627 $28,310 $2,610 $25,700
2019 $2,716 $27,660 $2,550 $25,110
2018 $2,644 $26,940 $2,480 $24,460
2017 $2,606 $26,940 $2,480 $24,460
2016 $2,555 $26,940 $2,480 $24,460
2015 $2,428 $26,940 $2,480 $24,460
2014 $2,428 $26,940 $2,480 $24,460
2013 $2,428 $27,670 $2,550 $25,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS18013554

MARIS MLS

APN: 23-2-07-11-20-402-031