Carol Meinhart
Responds Quickly
The Real Estate Group LLC
(217) 858-4967
768 Total Sales
9 in Clark
$170K - $360K Price Range
611 W Springfield Ave Champaign, IL 61820
Clark NeighborhoodEstimated Value: $137,000 - $256,000
8
Beds
4
Baths
1,368
Sq Ft
$144/Sq Ft
Est. Value
About This Home
As of April 2023Calling all investors! Here is the opportunity to own a multi-unit investment property on Springfield Avenue, close to downtown Champaign! Unit 1, on the first floor, has three bedrooms and two full baths, and rents for $1000 per month, renter pays their own electricity. The second floor consists of three bedrooms that share a common kitchen and bath, currently rented to long term renters with per room rents averaging $450 per room. The third floor studio in the finished attic has its own bath, but shares the kitchen on the second floor and has rented for $475. The garden level Unit 6 is a stand-alone one bedroom with egress window, one bath and kitchen apartment, needs renovation and is metered separately for electric. Owner pays natural gas, radiant heat, water and sewer. Priced to sell in AS-IS condition. Be sure to check this one out and add to your portfolio!
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475151471 Listed on: 03/26/2022
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,883
Year Built
- Built in 1908
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 60x132
Home Design
- Brick Exterior Construction
- Brick Foundation
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Additional Features
- 3-Story Property
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for varies by tenant
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $1,200
- Insurance Expense $1,000
- Trash Expense $150
- Water Sewer Expense $1,900
- Operating Expense $4,250
- Gross Income $39,960
- Net Operating Income $30,904
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2022
Closed on
Apr 28, 2023
Sold by
Bought by
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Deana Gauze
Coldwell Banker R.E. Group
List Price
$235,000
Sold Price
$110,000
Premium/Discount to List
-$125,000
-53.19%
Views
448
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,500
Avg. Annual Appreciation
19.03%
Original Mortgage
$762,956
Outstanding Balance
$733,524
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
-$537,024
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Clark, IL
-
Carol Meinhart
-
Laura Heiser
Laura Heiser
The Real Estate Group,Inc
(217) 858-3171
203 Total Sales
1 in Clark
$265,000 Price
-
Barb Schwartz
Barb Schwartz
Keller Williams Realty Atl. Partners
(217) 794-6090
89 Total Sales
5 in Clark
$175K - $350K Price Range
-
PJ Trautman
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
(217) 858-4950
167 Total Sales
14 in Clark
$96K - $335K Price Range
-
Sara Deskins
Sara Deskins
Responds QuicklyCompass
(424) 577-6962
46 Total Sales
3 in Clark
$203K - $375K Price Range
-
Mark Waldhoff
Mark Waldhoff
Responds QuicklyKELLER WILLIAMS-TREC
(217) 858-4844
804 Total Sales
28 in Clark
$28K - $1.2M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $110,000 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $762,956 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2023 04/28/23 | Sold | $110,000 | -26.7% | $80 / Sq Ft |
| 03/28/2023 03/28/23 | Pending | -- | -- | -- |
| 10/12/2022 10/12/22 | Price Changed | $150,000 | -3.2% | $110 / Sq Ft |
| 07/06/2022 07/06/22 | Price Changed | $155,000 | -11.4% | $113 / Sq Ft |
| 06/08/2022 06/08/22 | Price Changed | $175,000 | -12.1% | $128 / Sq Ft |
| 05/09/2022 05/09/22 | Price Changed | $199,000 | -11.6% | $145 / Sq Ft |
| 04/13/2022 04/13/22 | Price Changed | $225,000 | -4.3% | $164 / Sq Ft |
| 03/27/2022 03/27/22 | For Sale | $235,000 | -- | $172 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,523 | $71,060 | $18,020 | $53,040 |
| 2024 | $5,202 | $63,330 | $16,060 | $47,270 |
| 2023 | $5,202 | $57,680 | $14,630 | $43,050 |
| 2022 | $4,893 | $53,210 | $13,500 | $39,710 |
| 2021 | $4,776 | $52,170 | $13,240 | $38,930 |
| 2020 | $4,599 | $50,160 | $12,730 | $37,430 |
| 2019 | $4,451 | $49,130 | $12,470 | $36,660 |
| 2018 | $4,351 | $48,350 | $12,270 | $36,080 |
| 2017 | $4,201 | $46,490 | $11,800 | $34,690 |
| 2016 | $3,767 | $45,540 | $11,560 | $33,980 |
| 2015 | $3,796 | $44,740 | $11,360 | $33,380 |
| 2014 | $3,764 | $44,740 | $11,360 | $33,380 |
| 2013 | $3,730 | $44,740 | $11,360 | $33,380 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Zalabak
Seller's Agent in 2023
Joe Zalabak
KELLER WILLIAMS-TREC
(217) 721-5855
11 in this area
337 Total Sales
-
Deana Gauze
Buyer's Agent in 2023
Deana Gauze
Coldwell Banker R.E. Group
(217) 202-3492
5 in this area
200 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11358128
APN: 43-20-13-126-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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