NOT LISTED FOR SALE

644 E Pells St Paxton, IL 60957

80 Beds
80 Baths
-- Sq Ft
5.09 Acres Lot

Sale Details

Date Sold: October 27, 2020

Last sale price $3,000,000 $0 Per Sq Ft

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

5.09 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10430612

Midwest Real Estate Data (MRED)
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