NOT LISTED FOR SALE

Estimated Value: $199,000 - $258,000

5 Beds
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 01, 2024

Last sale price $167,500

Est. 37% increase in value since last sale

Current estimated payment $1,370/month

9 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Forced Air Heating System
  • Corner Lot

About This Home

As of March 2024

At the corner of Oakland and Clayton opportunity knocks hard for good measure with this majestic property that has been split into 5 one bedroom units and cash flows like wine from a double bunghole barrell. Situated in the midst of all of the action and smack dab in the middle of a bus route for access to all that is Blono. Ample parking found in the lot to the west of the building that is part of this parcel. This cash cow has a newer roof and laundry on site. Newer flooring and appliances in many units. Many long time tenants that pay ALL utilities. Property is being sold as-is.

Last Agent to Sell the Property

Chad Lange

RE/MAX Rising License #475175130 Listed on: 01/05/2024

RE/MAX Rising

Last Buyer's Agent

Ryan Crowley

Vesta Real Estate LLC License #475195953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,981

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 132
  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,981

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1940
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Possible Use: Multi-Family
  • Basement Description: Unfinished
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 5
  • Number of Washers: 1
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • List Price: 175000
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 X 132
  • Zoning: MULTI

Rental Info

  • Board Number: 23
  • Tenancy Type: Leases

Multi Family

  • NumberOfUnitsTotal: 5
  • Type Multi-Family: Flats

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2025
Sold by
Zimmerman Kyle
Bought by
Falcon Rentals Llc
Current Estimated Value
$229,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Outstanding Balance
$203,454
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$26,355

Purchase Details

Listed on
Jan 5, 2024
Closed on
Feb 28, 2024
Sold by
Ertelt Steven and Ertelt Julia
Bought by
Zimmerman Kyle
Seller's Agent
Chad Lange
RE/MAX Rising
Buyer's Agent
Ryan Crowley
Vesta Real Estate LLC
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.13%
Original Mortgage
$134,000
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2019
Closed on
Feb 28, 2020
Sold by
Two4t Holdings Llc
Bought by
Ertelt Steven and Ertelt Julia
Seller's Agent
Belinda Brock
RE/MAX Choice
Buyer's Agent
Bryan Dillow
eXp Realty
List Price
$95,900
Sold Price
$82,000
Premium/Discount to List
-$13,900
-14.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.50%
Original Mortgage
$65,600
Interest Rate
4.37%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 13, 2017
Closed on
Feb 27, 2017
Sold by
Shepard Cynthia M
Bought by
Two 4T Holdings Llc
Seller's Agent
Casey Kearfott
Keller Williams Revolution
Buyer's Agent
Mark Lipic
Brady Realtors
List Price
$89,900
Sold Price
$79,900
Premium/Discount to List
-$10,000
-11.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.87%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Falcon Rentals Llc $255,000 Alliance Land Title
Zimmerman Kyle $167,500 Mclean County Title
Ertelt Steven $82,000 Alliance Land Title
Two 4T Holdings Llc $80,000 First Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcon Rentals Llc $204,000
Previous Owner Zimmerman Kyle $134,000
Previous Owner Ertelt Steven $65,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2024 03/01/24 Sold $167,500 -4.3% --
01/15/2024 01/15/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $175,000 +113.4% --
02/28/2020 02/28/20 Sold $82,000 -4.5% -- View Prior Sale
02/06/2020 02/06/20 Pending -- -- --
12/12/2019 12/12/19 Price Changed $85,900 -4.4% --
10/21/2019 10/21/19 Price Changed $89,900 -6.3% --
07/29/2019 07/29/19 For Sale $95,900 +20.0% --
03/01/2017 03/01/17 Sold $79,900 -11.1% $25 / Sq Ft View Prior Sale
01/13/2017 01/13/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $89,900 -- $28 / Sq Ft
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 $1,981 $33,880 $5,732 $28,148
2022 $1,981 $29,310 $4,959 $24,351
2021 $1,770 $26,832 $4,540 $22,292
2020 $2,187 $25,800 $4,365 $21,435
2019 $2,180 $25,800 $4,365 $21,435
2018 $2,171 $25,800 $4,365 $21,435
2017 $2,172 $25,800 $4,365 $21,435
2016 $1,679 $19,973 $4,365 $15,608
2015 $1,674 $19,973 $4,365 $15,608
2014 $1,621 $19,973 $4,365 $15,608
2013 -- $19,973 $4,365 $15,608
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11945091

Midwest Real Estate Data (MRED)

APN: 21-09-226-014