Seller's Agent in 2024
Jay Ricketts
RE/MAX
(309) 261-4222
65 Total Sales
622 E Locust St Bloomington, IL 61701
Estimated Value: $154,000 - $260,000
4
Beds
4
Baths
--
Sq Ft
6,970
Sq Ft Lot
About This Home
As of May 2024Attention Investors! Check this one out! This 4-unit apartment house has so much potential! All units contain one bedroom, one bathroom, living room and kitchen. Conveniently located close to downtown Bloomington, parks, and the Constitution Trail. There have been some updates, but property needs some minor repairs. Roof - 2022, Almost all windows have been replaced in last 5 years, fuse boxes converted to breaker boxes, some flooring updated, emergency exit door on #1 and #3 replaced-2023. 3 of the 4 units are rented. Tenants have all been there for 5-7 years, and rents have not been raised, so current rents are very low for this market. Heat and water is paid by landlord, so these units should rent pretty easily for $700-750/mo or more. All interior pics are from prior to units being rented. Property is being sold "as-is". 24 hour notice required for viewing. Agent Interest.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,108
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 45 x 155
- Paved or Partially Paved Lot
Home Design
- Traditional Architecture
- Converted Dwelling
- Brick Foundation
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- Partial Basement
- Crawl Space
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Driveway
- Off-Street Parking
- Off Alley Parking
- Parking Included in Price
Schools
- Bent Elementary School
- Bloomington Jr High Middle School
- Bloomington High School
Utilities
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $553
- Fuel Expense $2,707
- Insurance Expense $3,600
- Water Sewer Expense $2,646
- Gross Income $24,900
- Net Operating Income $11,786
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 12, 2025
Sold by
Zenith Holdings Llc
Bought by
Zenith Holdings Llc-622 East Locust Street
Current Estimated Value
Purchase Details
Listed on
Apr 18, 2024
Closed on
May 23, 2024
Sold by
Ricketts Jay A
Bought by
Zenith Holdings Llc
Seller's Agent
Jay Ricketts
RE/MAX Choice
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.38%
Original Mortgage
$145,000
Interest Rate
7.1%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 20, 2009
Sold by
Ricketts Lori L
Bought by
Ricketts Jay A
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zenith Holdings Llc-622 East Locust Street | -- | None Listed On Document | |
| Zenith Holdings Llc | $145,000 | Illinois Title | |
| Ricketts Jay A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Zenith Holdings Llc | $145,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2024 05/23/24 | Sold | $145,000 | -3.3% | -- |
| 04/23/2024 04/23/24 | Pending | -- | -- | -- |
| 04/18/2024 04/18/24 | For Sale | $150,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,109 | $42,285 | $6,399 | $35,886 |
| 2022 | $3,109 | $36,581 | $5,536 | $31,045 |
| 2021 | $2,846 | $33,488 | $5,068 | $28,420 |
| 2020 | $2,838 | $33,488 | $5,068 | $28,420 |
| 2019 | $2,830 | $33,488 | $5,068 | $28,420 |
| 2018 | $2,818 | $33,488 | $5,068 | $28,420 |
| 2017 | $2,819 | $33,488 | $5,068 | $28,420 |
| 2016 | $2,814 | $33,488 | $5,068 | $28,420 |
| 2015 | $2,420 | $28,871 | $5,068 | $23,803 |
| 2014 | $2,343 | $28,871 | $5,068 | $23,803 |
| 2013 | -- | $28,871 | $5,068 | $23,803 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Ricketts
-
Cindy Eckols
Buyer's Agent in 2024
Cindy Eckols
RE/MAX
(309) 532-1616
896 Total Sales
-
Sarah Marshall
Buyer Co-Listing Agent in 2024
Sarah Marshall
Coldwell Banker Real Estate Group
(309) 275-9086
100 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12028839
APN: 21-04-233-019
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