NOT LISTED FOR SALE

625 E Main St Belleville, IL 62220

Estimated Value: $233,895

-- Bed
5 Baths
3,449 Sq Ft
$68/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $170,300 $49 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,671/month

75 Days on Market

Highlights

  • Furnished
  • Accessible Parking
  • Forced Air Heating System
  • Brick or Stone Mason
  • Downtown Location
  • Hot Water Heating System

About This Home

As of October 2021

Investors delight! 5 efficiency apartments fully furnished with two occupied two ready to be rented and one with some TLC needed. Included is 900 sq ft of office space with two bathrooms with some TLC needed also. Plenty of parking in the back and on the street. The potential for this to be a money-making machine is amazing! With close to 1000 sq ft of prime office space. The types of business are limitless! Attracting new attendants should be a breeze with downtown Belleville being the new destination point for the entire area. Imagine your tenants being in walking distance of Big Daddys Tavern on the Main, Sevens and so much more. With a new rubber roof over the office in 2017and 2009 for the apartments. A newer 50-gallon water heater. This complex has everything you would want to turn the profit you are looking for. Book your appointment today!

Last Agent to Sell the Property

Bryan Vogt

eXp Realty License #475141296 Listed on: 07/30/2021

eXp Realty

Last Buyer's Agent

Eric Mendenhall

Keller Williams Marquee License #475176421

Keller Williams Marquee

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,965 Sq Ft Lot
  • Lot Dimensions are 50x129x58x128
  • Downtown Location

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 3,449 Sq Ft Home
  • Furnished
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit
  • On-Street Parking

Accessible Home Design

  • Accessible Parking

Schools

  • Belleville Dist 118 Elementary And Middle School
  • Belleville High School-East

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 6 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric
  • Assessor Parcel Number 08-22.0-337-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Cross Street: 08-22.0-337-009
  • Special Description: No Exemptions
  • Age: 81
  • Ownership: Private
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 3449

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: 2+ Space/Unit, Accessible Parking, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Wall Unit(s), Central-Gas, Window Unit(s)
  • Heating: Forced Air, Hot Water/Steam

Schools

  • Elementary School: BELLEVILLE DIST 118
  • Junior High School: BELLEVILLE DIST 118
  • School District: Belleville DIST 118
  • Senior High School: Belleville High School-East

Lot Info

  • Lot Dimensions: 50x129x58x128
  • Lot Sq Ft: 6965
  • Location: City, Downtown
  • Acres: 0.1599

Rental Info

  • Tenancy Type: Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric

Multi Family

  • Building Info: All Units Furnished, Smoke/Alarm Detector
  • Building Number: 1
  • Gross Operating Income: 10200.00
  • Total Units: 6
  • Total Expenses: 8550.00

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 5768
  • Assessor Parcel Number: 08-22.0-337-009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 12, 2021
Sold by
Harnist Joseph E and Hundley Ruth Ann
Bought by
G Level And Squared Inc
Seller's Agent
Bryan Vogt
eXp Realty
Buyer's Agent
Eric Mendenhall
Keller Williams Marquee
List Price
$160,000
Sold Price
$170,300
Premium/Discount to List
$10,300
6.44%
Current Estimated Value
$233,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,595
Avg. Annual Appreciation
7.89%
Original Mortgage
$136,400
Outstanding Balance
$124,384
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$109,511
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
G Level And Squared Inc $170,500 Community Title Shiloh Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open G Level And Squared Inc $136,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2021 10/14/21 Sold $170,300 +6.4% $49 / Sq Ft
07/30/2021 07/30/21 For Sale $160,000 -- $46 / Sq Ft
Source: MARIS MLS

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 $5,335 $60,673 $13,839 $46,834
2023 $6,611 $61,292 $13,565 $47,727
2022 $6,121 $55,178 $12,212 $42,966
2021 $5,915 $51,011 $11,290 $39,721
2020 $5,754 $48,239 $10,676 $37,563
2019 $5,902 $48,980 $11,228 $37,752
2018 $5,768 $47,921 $10,985 $36,936
2017 $5,690 $47,584 $10,908 $36,676
2016 $5,621 $46,573 $10,676 $35,897
2014 $5,219 $47,223 $10,262 $36,961
2013 $5,048 $47,899 $10,409 $37,490
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MARIS MLS

MLS Number: MIS21054330

MARIS MLS

APN: 08-22.0-337-009