NOT LISTED FOR SALE

606 2nd Ave Sterling, IL 61081

Estimated Value: $105,000 - $171,000

5 Beds
5 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $110,000

Est. 23% increase in value since last sale

Current estimated payment $842/month

65 Days on Market

About This Home

As of October 2021

Investment alert! This 4 unit is exceptionally surprising! Newer replacement windows on house. Newer roof and gutters on garage. Unit 1: 1 bedroom, 1 bath, new flooring, appliances stay. Rents for $450/month. Unit 2: 1 bedroom, 1 bath, appliances stay, rents for $425/month. Unit 3: 2 bedroom, 1.5 bath, whole second floor, front and back access, appliances stay, hardwood under carpet, garage stall, washer, dryer, garbage disposal, rents for $595/month. Unit 4: Large 1 bedroom, 1 bath, all appliances stay, rents for $460/month. Each unit has window air, very well maintained property with basement & storage room.

Last Agent to Sell the Property

Merdita Heald

RE/MAX Sauk Valley License #475139533 Listed on: 06/02/2021

RE/MAX Sauk Valley

Last Buyer's Agent

Tim McCaslin

RE/MAX Sauk Valley License #471002068

RE/MAX Sauk Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x135

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Combination Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 5 Bathrooms

Community Details

  • 4 Units
  • Gross Income $22,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Window Air Conditioner,Garage/Space,Laundry Hook-Up,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Combination

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Other
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 50X135
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • TenantPays: All

Multi Family

  • GrossIncome: 22160
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 3510.66
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Oct 4, 2021
Sold by
Mowrey John R
Bought by
245 Llc
Seller's Agent
Merdita Heald
RE/MAX Sauk Valley
Buyer's Agent
Tim McCaslin
RE/MAX Sauk Valley
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Current Estimated Value
$135,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,849
Avg. Annual Appreciation
5.76%
Original Mortgage
$93,750
Outstanding Balance
$85,491
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$54,435
Source: Public Records
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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
245 Llc $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 245 Llc $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $110,000 -8.3% --
08/07/2021 08/07/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $119,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $4,514 $43,289 $4,218 $39,071
2023 $4,260 $40,635 $3,959 $36,676
2022 $4,154 $38,878 $3,788 $35,090
2021 $3,634 $33,237 $3,572 $29,665
2020 $3,533 $32,073 $3,447 $28,626
2019 $3,511 $31,490 $3,384 $28,106
2018 $3,473 $31,540 $3,389 $28,151
2017 $3,480 $31,324 $3,366 $27,958
2016 $3,391 $30,315 $3,258 $27,057
2015 $3,243 $31,147 $3,347 $27,800
2014 $3,236 $30,456 $3,273 $27,183
2013 $3,243 $31,147 $3,347 $27,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11107939

Midwest Real Estate Data (MRED)

APN: 1121412004