NOT LISTED FOR SALE

627 Fairfield Rd Mount Vernon, IL 62864

4 Beds
4 Baths
3,840 Sq Ft
16,117 Sq Ft Lot

Last Sold November 07, 2022

Last sale price $75,000 $20 Per Sq Ft

20 Days on Market

About This Home

As of November 2022

GREAT INVESTMENT OPPORTUNITY!! 6 Unit apartment building that includes 1 Bedroom, 1 Bathroom, living room, and kitchen with appliances per unit. East side location in Summersville School District. City Utilities. Sitting on a Corner Lot! Landlord pays heat, water, and dumpster. Tenants pay electric. Seller request that buyer provides Prequal letter for Financing or proof of funds for cash purchase, prior to showing to the Listing Agent.

Last Agent to Sell the Property

Lisa McKinney

C21 All Pro Real Estate License #471003781 Listed on: 09/29/2022

Last Buyer's Agent

Lisa McKinney

C21 All Pro Real Estate License #471003781 Listed on: 09/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,517

Year Built

  • Built in 1940

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 150x123x75x150

Home Design

  • 3,840 Sq Ft Home
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $4,800
  • Trash Expense $780
  • Water Sewer Expense $1,500
  • Operating Expense $9,540
  • Gross Income $31,800
  • Net Operating Income $18,743

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,517

Year Built

Built in 1940

Lot Details

0.37 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1940
  • Built Before 1978 (Y/N): Yes
  • Legal Description: PT SW SE NW INTER OLD FAIRFIELD- TOLLE RD 627 FAIRFIELD RD
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Vinyl Siding

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Gas,Hot Water

Fee Information

  • Trash Expense: 780
  • Water Sewer Expenses: 1500

Lot Info

  • Lot Size Acres: 0.37
  • Lot Dimensions: 150x123x75x150
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 3840

Rental Info

  • Board Number: 29

Multi Family

  • Net Operating Income: 18743
  • Fuel Expense: 4800
  • GrossIncome: 31800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 9540

Tax Info

  • Tax Annual Amount: 3517
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2022 11/07/22 Sold $75,000 -23.1% $20 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $97,500 -- $25 / Sq Ft
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 $3,765 $54,729 $5,176 $49,553
2023 $3,615 $50,525 $4,778 $45,747
2022 $3,611 $44,320 $4,191 $40,129
2021 $3,518 $42,209 $3,991 $38,218
2020 $3,509 $39,448 $3,730 $35,718
2019 $3,471 $39,448 $3,730 $35,718
2018 $3,424 $39,448 $3,730 $35,718
2017 $3,361 $39,448 $3,730 $35,718
2016 $3,298 $39,448 $3,730 $35,718
2015 $3,243 $39,448 $3,730 $35,718
2014 $2,813 $39,448 $3,730 $35,718
2013 $2,813 $37,215 $3,519 $33,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB446456

Midwest Real Estate Data (MRED)
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