NOT LISTED FOR SALE

631 E Lincolnway Morrison, IL 61270

Estimated Value: $125,429

23 Beds
21 Baths
9,664 Sq Ft
$13/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $93,150 $10 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $778/month

288 Days on Market

About This Home

As of August 2019

21 unit apartment building with (2) 2 bedroom units, (9) 1 bedroom units, (5) large studio units and (5) small studio units. There is an unfinished area with the potential for 2 more units.

Last Agent to Sell the Property

Ken Kophamer

Kophamer & Blean Realty License #471000188 Listed on: 10/16/2018

Last Buyer's Agent

Ken Kophamer

Kophamer & Blean Realty License #471000188 Listed on: 10/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,190

Year Built

  • Built in 1955

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 170x204

Interior Spaces

  • 9,664 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 21 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 21 Units

Building Details

  • Operating Expense $35,611
  • Gross Income $52,175
  • Net Operating Income $16,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,190

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1955
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 23
  • Room: 0

Utilities

  • Heat/Ventilation: Forced Air

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.8
  • Lot Dimensions: 170X204
  • Zoning: COMMR

Rental Info

  • Tenant Pays: None
  • Board Number: 19

Building Info

  • BuildingAreaTotal: 9664

Multi Family

  • Net Operating Income: 16563
  • GrossIncome: 52175
  • NumberOfUnitsTotal: 21
  • OperatingExpense: 35611
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 4190.4
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
631 E Lincolnway Llc
Bought by
D & M Enterprises Llc
Current Estimated Value
$125,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,863
Outstanding Balance
$206,968
Interest Rate
7.18%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 16, 2018
Closed on
Aug 19, 2019
Sold by
Stuart Jerry D
Bought by
631 E Lincoln Way Llc
Seller's Agent
Ken Kophamer
Kophamer & Blean Realty
Buyer's Agent
Ken Kophamer
Kophamer & Blean Realty
List Price
$115,000
Sold Price
$93,150
Premium/Discount to List
-$21,850
-19%
Source: Public Records
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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
D & M Enterprises Llc $240,000 Chicago Title
631 E Lincoln Way Llc $93,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D & M Enterprises Llc $211,863
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2019 08/19/19 Sold $93,150 -19.0% $10 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $115,000 0.0% $12 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
10/16/2018 10/16/18 For Sale $115,000 -- $12 / 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 $4,225 $51,798 $9,000 $42,798
2023 $4,326 $51,798 $9,000 $42,798
2022 $4,376 $51,798 $9,000 $42,798
2021 $4,353 $51,798 $9,000 $42,798
2020 $4,351 $51,798 $9,000 $42,798
2019 $4,154 $48,956 $8,196 $40,760
2018 $4,334 $48,956 $8,196 $40,760
2017 $4,190 $48,956 $8,196 $40,760
2016 $4,173 $48,956 $8,196 $40,760
2015 $3,926 $44,992 $4,232 $40,760
2014 $4,291 $48,956 $8,196 $40,760
2013 $3,926 $44,992 $4,232 $40,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10113179

Midwest Real Estate Data (MRED)

APN: 0917330037