NOT LISTED FOR SALE

644 E Pells St Paxton, IL 60957

80 Beds
80 Baths
-- Sq Ft
5.09 Acres

Last Sold October 27, 2020

Last sale price $3,000,000

128 Days on Market

About This Home

As of October 2020

SENIOR LIVING CENTERS - 80 UNITS IN 3 LOCATIONS! PAXTON/GIBSON CITY/HOOPSTON all within 30 miles of each other. Fully leased, listed at a 9 cap equal to $40,000 per unit. Perfect for HUD 2530/Rural Development HAP Assignment buyers!! Properties are in sound condition! To retain occupancy, buyer must meet Section 8/HUD requirements. Gibson City - 24 units/ Paxton - 24 units/Hoopston - 32 units. Owner will not sell individually.

Last Agent to Sell the Property

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 06/26/2019

McColly Bennett Real Estate

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 5.09

Home Design

  • Slab Foundation
  • Vinyl Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $17,026
  • Manager Expense $26,949

Listing and Financial Details

  • Tenant pays for varies by tenant
  • $200,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family, Elderly Housing
  • Ownership Type: Limited Partnership
  • Potential Use: Residential-Multi-Family, Elderly Housing
  • Zoning Type: MULTI
  • Estimated Age: 16-25 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 280396
  • Outdoor Parking: 51-100 Spaces
  • Repairs Decor Expense: 104349
  • Roof Coverings: Shingle Composition
  • Scavenger Expense: 7947
  • Total Annual Exp: 258611
  • Total Annual Income: 539007
  • Total Monthly Income: 44917
  • Number of Ranges: 80
  • Number Of Refrigs: 80
  • Number Of Window A C: 80
  • Number Of Stories: 1
  • Estimated Year Built: 1980
  • Type Multi Family: Corridor-Exterior Entrance, Senior
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1980

Interior Features

  • Basement: Slab

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Vinyl Siding
  • Acreage: 5.09
  • Construction: Wood Frame
  • Frontage Access: City Street, Public Road

Garage/Parking

  • Number Of Parking Spaces: 80

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Electric, Baseboard, Separate Per Unit
  • Water Expense: 5360

Condo/Co-op/Association

  • Units in Building: 80
  • Manager Expense: 26949

Fee Information

  • Electricity Expense: 12019

Lot Info

  • Lot Dimensions: 235X210X75X210X394X697X677X395X60
  • Lot Sq Ft: 221916
  • Land Amenities: Clubhouse, Lighting/Exterior, Sidewalks
  • Parcel Identification Number: 11141712901500

Rental Info

  • Gross Rental Income: 539007
  • Tenant Pays: Varies by Tenant

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 17026
  • Other Expenses: 15713
  • Number Of Dryers: 80
  • Number Of Washers: 80

Tax Info

  • Taxes: 69248

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
10/27/2020 10/27/20 Sold $3,000,000 -6.3% --
11/01/2019 11/01/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $3,200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Buck Tamblyn

    Seller's Agent in 2020

    Buck Tamblyn

    McColly Bennett Real Estate

    (815) 325-2485

    148 Total Sales

    Buck Tamblyn
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10430612

Midwest Real Estate Data (MRED)
Illinois Ford County Paxton 60957

644 E Pells St, Paxton, IL

Not Listed for Sale

MultiFamily

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