NOT LISTED FOR SALE

652 Melrose Ln Beecher, IL 60401

Beecher Area

Estimated Value: $378,000 - $488,000

9 Beds
5 Baths
-- Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: June 4, 2021

Last sale price $262,500

Est. 65% increase in value since last sale

Current estimated payment $2,813 / mo

44 Days on Market

Highlights

  • Home Security System
  • Multiple Water Heaters
  • Paved or Partially Paved Lot
  • Forced Air Heating System

About This Home

As of June 2021

FANTASTIC INVESTMENT OPPORTUNITY AWAITS YOU IN BEECHER!! THIS 4 UNIT BUILDING HAS BEEN WELL MAINTAINED BY ONE OWNER FOR 16 YEARS. NEWER ROOF 5 YRS YOUNG. UNITS RENT EASILY AND MOST ARE LONG TERM TENANTS. DESIGNED WITH OWNERS UNIT. ONE 3 BDRM W/2 BATHS, THREE 2 BDRM UNITS W/1 BATH. ALL H20 HEATERS REPLACED WITHIN 5 YRS. EACH UNIT HAS IT'S OWN H20 HATER, CA, FURNACE AND APPLIANCES. FOUR STORAGE LOCKERS IN BSMT COIN OPERATED NEW SPEED QUEEN WASHER & DRYER IN BSMT BRINGS IN $150/MONTH.

Last Agent to Sell the Property

Beverly Lane

RE/MAX IMPACT License #475142718 Listed on: 02/21/2021

Last Buyer's Agent

Kody Lathus

Exclusive Realtors License #471020427

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,759

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 85x130
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Sump Pump
  • Basement Storage

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Community Well
  • Multiple Water Heaters

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,800
  • Insurance Expense $1,602
  • Trash Expense $1,457
  • Water Sewer Expense $1,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,759

Year Built

Built in 1976

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Other Equipment: Security System, Sump Pump, Multiple Water Heaters
  • Basement Description: Unfinished,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 8
  • Number of Cars: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Forced Air
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 1457
  • Water Sewer Expenses: 1840

Lot Info

  • Lot Dimensions: 85X130
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Multi Family

  • Insurance Expense: 1602
  • ElectricExpense: 1800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10759.32
  • Tax Year: 2019

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
May 25, 2021
Sold by
Bought by
Seller's Agent
Beverly Lane
RE/MAX IMPACT
Buyer's Agent
Kody Lathus
Exclusive Realtors
Sold Price
$262,500
Current Estimated Value
$433,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,500
Avg. Annual Appreciation
10.19%
Original Mortgage
$196,875
Outstanding Balance
$139,482
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$293,518

Purchase Details

Closed on
Jun 7, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$262,500 Chicago Title
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $196,875
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
06/04/2021 06/04/21 Sold $262,500 -11.0% --
04/05/2021 04/05/21 Pending -- -- --
04/05/2021 04/05/21 For Sale -- -- --
03/21/2021 03/21/21 Price Changed $294,900 -4.8% --
02/20/2021 02/20/21 For Sale $309,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $13,416 $152,945 $23,081 $129,864
2023 $13,093 $138,625 $20,920 $117,705
2022 $10,892 $127,133 $19,186 $107,947
2021 $11,441 $117,825 $17,781 $100,044
2020 $11,166 $109,860 $16,579 $93,281
2019 $10,759 $103,272 $15,585 $87,687
2018 $10,539 $96,969 $14,634 $82,335
2017 $10,331 $93,617 $14,128 $79,489
2016 $10,553 $93,617 $14,128 $79,489
2015 $10,078 $92,598 $13,974 $78,624
2014 $10,078 $93,533 $14,115 $79,418
2013 $10,078 $97,695 $14,743 $82,952
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11000313

Midwest Real Estate Data (MRED)

APN: 22-22-21-111-009

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