NOT LISTED FOR SALE

597 2000e Sidney, IL 61877

Estimated Value: $186,000 - $331,000

12 Beds
6 Baths
-- Sq Ft
1.14 Acres

Last Sold September 11, 2020

Last sale price $119,500

Est. 49% increase in value since last sale

Current estimated payment $1,304/month

44 Days on Market

About This Home

As of September 2020

What a great opportunity to own a five unit apartment building, a four bedroom house, garages and a poll barn all on 1.20 acres. This property offers the new owner the opportunity to make the investment cash flow right away. The sellers will leave the five apartments and the four bedroom house furnished with stove and refrigerator. There is also a room full of extra parts for plumbing, electrical and other hardware. This property has a well that was completely redone a few years ago. This is a great opportunity with even more potential. You will not want to miss out so call to schedule your viewing.

Last Agent to Sell the Property

Russ Taylor

Taylor Realty Associates License #471001422 Listed on: 07/08/2020

Co-Listed By

John Rawdin

Taylor Realty Associates License #475128770

Last Buyer's Agent

Caryn Happ

KELLER WILLIAMS-TREC License #475168268

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,918

Year Built

  • 1930

Lot Details

  • 1.14

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $3,711

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,918

Year Built

1930

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Individual
  • Utilities To Site: Septic-Private, Well-Private
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 20317
  • Repairs Decor Expense: 1430
  • Scavenger Expense: 702
  • Total Annual Exp: 6786
  • Total Annual Income: 27104
  • Total Monthly Income: 2230
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1930
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1930

Exterior Features

  • Acreage: 1.14

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Electric

Condo/Co-op/Association

  • Units in Building: 5
  • Assessment Includes: Exterior Maintenance, Lawn Care, Snow Removal
  • Conversion YN: Y

Fee Information

  • Electricity Expense: 1676

Lot Info

  • Lot Dimensions: 340X220X367X87
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 213405200002

Rental Info

  • Gross Rental Income: 27104
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2019
  • Gross Rent Multiplier: 4
  • Insurance Expense: 3711
  • Other Expenses: 5687

Tax Info

  • Taxes: 3340.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 11, 2020
Sold by
Seeds Derald D and Seeds Patsy J
Bought by
View Properties Llc
Seller's Agent
Russ Taylor
Taylor Realty Associates
Buyer's Agent
Caryn Happ
KELLER WILLIAMS-TREC
List Price
$140,000
Sold Price
$119,500
Premium/Discount to List
-$20,500
-14.64%
Current Estimated Value
$178,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,988
Avg. Annual Appreciation
6.66%
Original Mortgage
$96,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 13, 2004
Sold by
Schumacher Michael E and Schumacher Mary Lea
Bought by
Seeds Derald D and Seeds Patsy J
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
View Properties Llc $119,500 Attorney
Seeds Derald D $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed View Properties Llc $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $119,500 -14.6% --
08/21/2020 08/21/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $140,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,918 $71,230 $9,470 $61,760
2023 $3,918 $53,800 $8,920 $44,880
2022 $3,569 $49,170 $8,150 $41,020
2021 $3,382 $45,690 $7,570 $38,120
2020 $3,450 $44,410 $7,360 $37,050
2019 $3,426 $44,410 $7,360 $37,050
2018 $3,340 $43,330 $7,180 $36,150
2017 $3,437 $43,330 $6,840 $36,490
2016 $1,314 $15,880 $6,840 $9,040
2015 $1,328 $15,690 $6,760 $8,930
2014 $1,309 $15,930 $6,860 $9,070
2013 $1,230 $15,930 $6,860 $9,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10774065

Midwest Real Estate Data (MRED)

APN: 21-34-05-200-002