NOT LISTED FOR SALE

610 E Madison St MacKinaw, IL 61755

Estimated Value: $152,000 - $233,000

4 Beds
2 Baths
4,760 Sq Ft
$38/Sq Ft Est. Value

Last Sold March 14, 2019

Last sale price $220,000 $46 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,167/month

394 Days on Market

About This Home

As of March 2019

Looking for a great return on Investment, this is it! Both Four unit and duplex sold together as package as on one large lot with room to build more! Each unit has 2 bedrooms and 1 bath! Most units updated and tenants pay their own gas, water and electricity. Each unit has laundry hook ups both gas and electric. These units are great income producers, on the East side of Mackinaw. A great deal to find units in this condition for this price!

Last Agent to Sell the Property

Mark Haeffle

Coldwell Banker Real Estate Group License #475135462 Listed on: 12/26/2017

Coldwell Banker Real Estate Group

Last Buyer's Agent

Megan Sargent

Couillard and Company License #471019666

Couillard and Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,900

Year Built

  • Built in 1995

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 132 x 165

Interior Spaces

  • 4,760 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for gas, electricity

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,919
  • Other Expense $816
  • Operating Expense $11,635
  • Gross Income $35,400
  • Net Operating Income $23,765

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,900

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 1
  • Year Built: 1995
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Crawl,None

Exterior Features

  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Unpaved

Utilities

  • Cooling: Central Air
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Conversion YN: N

Lot Info

  • Lot Dimensions: 132 X 165
  • Lot Size Sq Ft: 217800

Rental Info

  • Tenant Pays: Gas, Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 4760

Multi Family

  • Net Operating Income: 23765
  • Insurance Expense: 2919
  • GrossIncome: 35400
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11635
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 7900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2021
Sold by
Birky Kord C
Bought by
Birky Properties Llc
Current Estimated Value
$179,720

Purchase Details

Listed on
Dec 26, 2017
Closed on
Mar 14, 2019
Sold by
Glueck Eugene M and Glueck Lisa E
Bought by
Birky Kord
Seller's Agent
Mark Haeffle
Coldwell Banker Real Estate Group
Buyer's Agent
Megan Sargent
Couillard and Company
List Price
$265,000
Sold Price
$220,000
Premium/Discount to List
-$45,000
-16.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.90%
Original Mortgage
$63,750
Outstanding Balance
$56,047
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$123,673

Purchase Details

Closed on
Sep 2, 2005
Sold by
Kaufman Kurtis D
Bought by
Glueck Eugene M and Glueck Lisa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.89%
Mortgage Type
New Conventional
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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Purchase History

Date Buyer Sale Price Title Company
Birky Properties Llc -- Attorney
Birky Kord $85,000 None Available
Glueck Eugene M $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birky Kord $63,750
Previous Owner Glueck Eugene M $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2019 03/14/19 Sold $220,000 -17.0% $46 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
12/26/2017 12/26/17 For Sale $265,000 -- $56 / 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 $2,792 $36,910 $5,320 $31,590
2023 $2,792 $33,950 $4,890 $29,060
2022 $2,635 $31,290 $4,510 $26,780
2021 $2,558 $30,090 $4,340 $25,750
2020 $2,507 $29,210 $4,210 $25,000
2019 $3,548 $41,200 $4,210 $36,990
2018 $3,512 $41,200 $4,210 $36,990
2017 $3,611 $42,580 $4,170 $38,410
2016 $3,580 $42,580 $4,170 $38,410
2015 $3,307 $0 $0 $0
2013 $3,079 $40,170 $3,280 $36,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10247437

Midwest Real Estate Data (MRED)

APN: 13-13-17-207-017