NOT LISTED FOR SALE

601 W 1st St Genoa, IL 60135

Estimated Value: $216,000 - $325,000

7 Beds
3 Baths
-- Sq Ft
0.3 Acres

Last Sold August 11, 2023

Last sale price $245,000

Est. 11% increase in value since last sale

Current estimated payment $1,984/month

69 Days on Market

Highlights

  • Cape Cod Architecture
  • 2 Car Detached Garage
  • Heating System Uses Natural Gas
  • Corner Lot
  • Ceiling Fan

About This Home

As of August 2023

***Just Re-Zoned Multi-Family, so COME TAKE A LOOK AT THIS UNIQUE INVESTMENT OPPORTUNITY-Selling all 3 homes and detached garage for $265,000. Excellent rental history with MTM Leases and near downtown Genoa! House #1, 601A W 1st St was built in 1887 and Offers 3 bedrooms, 1 Bath, Living Room, an Eat-In Kitchen/Dinning Room Combo, Laundry Room, Full Basement, and access to the detached 2 car garage. Recent Updates Include: Updated Kitchen Cabinets Installed in 2016, Remodeled bathroom in 2022, New Washer installed in 2022, New Garage Door 2021. House #2 601B W 1st was built in 1977 and Offers 2 bedrooms, 1 Bath, Kitchen, and a Washer and Dryer. Recent Updates Includes complete remodel, Carpet replaced, New Drywall and Insulation installed, Replaced Doors, Replaced all Cabinetry, All new plumbing installed in the kitchen and bathroom, Furnace was replaced in 2020, Stackable washer and dryer were installed in 2020. House #3 205 Adams St was built in 1887 and Offers 2 Bedrooms, 1 Bath, Eat-In Kitchen, stackable washer/dryer, and a Living Room. There is an exterior storage room provided with this unit. The Recent Updates on this home include: New windows installed in 2006 and 2023, Remodeled bathroom in 2013, Updated Plumbing in 2016, Replaced the kitchen cabinets in 2016, Installed LVP in 2022 in the kitchen and living room, and it's been freshly painted as of 2022. Each Home is responsible for their utilities except for water. A SOLID Income Producing Property, Schedule your showing today!

Last Agent to Sell the Property

Mary Hand

Hometown Realty Group Listed on: 03/10/2023

Last Buyer's Agent

Lucy Rodriguez

HomeSmart Connect, LLC. License #475153059

HomeSmart Connect, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,238

Year Built

  • Built in 1887 | Remodeled in 2018

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100 x 70.77 x 35.78 x 21.1 x 100 x 110.25
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Cape Cod Architecture
  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,238

Year Built

Built in 1887 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod, Ranch
  • New Construction: No
  • Year Built: 1887
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner,Garage/Space

Exterior Features

  • List Price: 265000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned
  • ParkingTotal: 6
  • Number of Cars: 8
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Public

Schools

  • Middle/Junior School District: 424

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 100 X 70.77 X 35.78 X 21.1 X 100 X 110.25
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Tax Info

  • Tax Annual Amount: 6237.7
  • Tax Year: 2021

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Aug 10, 2023
Sold by
Dillett Steve J and Dillett Karen L
Bought by
Medina Ivan A and Medina Carmen L
Seller's Agent
Mary Hand
Hometown Realty Group
Buyer's Agent
Lucy Rodriguez
HomeSmart Connect, LLC.
List Price
$265,000
Sold Price
$245,000
Premium/Discount to List
-$20,000
-7.55%
Views
318
Current Estimated Value
$271,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,136
Avg. Annual Appreciation
4.63%
Original Mortgage
$183,750
Outstanding Balance
$180,854
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$88,949
Source: Public Records

Range of Values:

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Average Value
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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
Medina Ivan A $245,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Ivan A $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $245,000 -7.5% --
05/19/2023 05/19/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $265,000 -- --
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 $6,547 $74,230 $13,688 $60,542
2023 $6,547 $69,039 $12,731 $56,308
2022 $6,597 $66,768 $12,312 $54,456
2021 $6,238 $63,173 $11,649 $51,524
2020 $5,906 $58,849 $11,527 $47,322
2019 $5,734 $55,387 $10,849 $44,538
2018 $5,575 $52,875 $10,357 $42,518
2017 $5,465 $50,797 $9,950 $40,847
2016 $5,516 $50,680 $9,927 $40,753
2015 -- $49,464 $9,689 $39,775
2014 -- $48,618 $9,523 $39,095
2013 -- $48,545 $9,509 $39,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11734611

Midwest Real Estate Data (MRED)

APN: 03-19-305-023