Seller's Agent in 2025
Jeanette During
TOWN & COUNTRY REALTY,LLP
(217) 202-3050
174 in this area
327 Total Sales
631 E Grove Ave Rantoul, IL 61866
--
Bed
--
Bath
--
Sq Ft
32,670
Sq Ft Lot
Highlights
- 0.75 Acre Lot
- Central Air
- Hot Water Heating System
About This Home
As of December 202514 UNIT COMPLEX. Incredible investment opportunity with strong upside potential! Currently has only half the units occupied, generating over $4,400 per month in rental income. With repairs and updates to the remaining units, investors can maximize cash flow by bringing all 14 units online. The front brick building features a 3-bedroom, 1-bath unit with a basement that could easily be finished to add a 4th bedroom and an additional half bath, increasing rental value. The property also includes a shared laundry facility, an oversized one-car garage for maintenance and storage, a lot with ample parking and a common courtyard for tenants. This property is being offered in "AS-IS" condition. With steady rental demand and plenty of room to add value, this property offers excellent income growth and long-term return on investment.
Last Agent to Sell the Property
TOWN & COUNTRY REALTY,LLP License #471001832 Listed on: 08/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,002
Year Built
- Built in 1960
Lot Details
- 0.75 Acre Lot
- Lot Dimensions are 100x320
Home Design
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 2-Story Property
Utilities
- Central Air
- Window Unit Cooling System
- Hot Water Heating System
- Radiant Heating System
Community Details
Overview
- 14 Units
Building Details
- Electric Expense $475
- Fuel Expense $675
- Insurance Expense $1,220
- Maintenance Expense $667
- Trash Expense $135
- Water Sewer Expense $475
- Operating Expense $55,774
- Gross Income $81,600
- Net Operating Income $25,826
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2025
Closed on
Dec 19, 2025
Sold by
Gallahue-Ochs Llc
Bought by
Psalm 128 Properties Llc
Seller's Agent
Jeanette During
TOWN & COUNTRY REALTY,LLP
Buyer's Agent
Dan Gordon
RE/MAX REALTY ASSOCIATES-CHA
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Views
137
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
-$4,668
Avg. Annual Appreciation
-4.42%
Original Mortgage
$311,250
Outstanding Balance
$302,355
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$107,977
Purchase Details
Closed on
May 24, 2004
Sold by
Gallahue Patrick W and Gallahue Catherine M
Bought by
Gallahue Ochs Llc
Purchase Details
Closed on
Dec 18, 2003
Sold by
Malinowski Stanley J and Finney Kathleen
Bought by
Gallahue Patrick W and Gallahue Catherine M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.94%
Mortgage Type
Commercial
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $415,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | Allied Title Services |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $311,250 | New Conventional | |
| Previous Owner | $216,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | Sold | $415,000 | -7.8% | -- |
| 11/26/2025 11/26/25 | Pending | -- | -- | -- |
| 11/25/2025 11/25/25 | For Sale | $450,000 | +8.4% | -- |
| 11/14/2025 11/14/25 | Off Market | $415,000 | -- | -- |
| 08/26/2025 08/26/25 | For Sale | $450,000 | -- | -- |
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 | $11,366 | $126,510 | $13,410 | $113,100 |
| 2023 | $11,366 | $112,850 | $11,960 | $100,890 |
| 2022 | $10,638 | $100,760 | $10,680 | $90,080 |
| 2021 | $10,191 | $94,080 | $9,970 | $84,110 |
| 2020 | $9,442 | $90,900 | $9,630 | $81,270 |
| 2019 | $9,054 | $87,320 | $9,250 | $78,070 |
| 2018 | $9,624 | $82,850 | $8,780 | $74,070 |
| 2017 | $9,663 | $80,510 | $8,530 | $71,980 |
| 2016 | $9,472 | $80,510 | $8,530 | $71,980 |
| 2015 | $9,422 | $80,510 | $8,530 | $71,980 |
| 2014 | $9,266 | $80,510 | $8,530 | $71,980 |
| 2013 | $9,212 | $82,320 | $8,720 | $73,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jeanette During
-
Dan Gordon
Buyer's Agent in 2025
Dan Gordon
RE/MAX
(217) 493-5956
26 in this area
366 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12450400
APN: 20-03-35-376-037
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.
Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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