NOT LISTED FOR SALE
10 Beds
10 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 23, 2023

Last sale price $232,000

39 Days on Market

About This Home

As of February 2023

Cashflow from Day 1 with this All-Brick 10 Unit within half a mile from Millikin University. Two 1 bedroom units, and 8 Efficiencies. Each unit has forced air and newer heating and cooling wall systems. Separate meters for all units. Some units have been updated and Gross Potential Rents are $4,575. Actual rents are $3300 as owner has just finished updating 3 vacant units that are ready to be leased by the new owner or can be filled prior to closing. Strong DEMAND for these units which could help new owner raise rents for instant VALUE ADD potential. 2020 150 Gallon Water Heater. Improvements Since 2008 - replacement windows, refurbished baths, fire alarm system, electrical, flooring and parking lot in the back! Great for first time or seasoned investor.

Last Agent to Sell the Property

J Leman

eXp Realty-Champaign License #475184798 Listed on: 11/02/2022

eXp Realty-Champaign

Last Buyer's Agent

Inactive Inactive

Baird & Warner Fox Valley - Geneva

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,783

Year Built

  • Built in 1979

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • 3-Story Property
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $2,400
  • Fuel Expense $2,400
  • Insurance Expense $4,307
  • Trash Expense $1,500
  • Water Sewer Expense $4,080
  • Gross Income $4,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,783

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1979
  • Built Before 1978 (Y/N): No
  • Information: No Sign on Property,None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Dishwashers: 2
  • Room: 0

Utilities

  • Heat/Ventilation: Forced Air,Other

Fee Information

  • Trash Expense: 1500
  • Water Sewer Expenses: 4080

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 X 140

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 22

Multi Family

  • Fuel Expense: 2400
  • Insurance Expense: 4307
  • ElectricExpense: 2400
  • GrossIncome: 4575
  • NumberOfUnitsTotal: 10
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 3782.6
  • Tax Year: 2021

Range of Values:

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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 Prior Sale
02/23/2023 02/23/23 Sold $232,000 -9.0% --
12/12/2022 12/12/22 Pending -- -- --
12/03/2022 12/03/22 Price Changed $255,000 -7.2% --
11/02/2022 11/02/22 For Sale $274,900 +52.7% --
07/22/2021 07/22/21 Sold $180,000 -5.2% -- View Prior Sale
05/26/2021 05/26/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $189,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11665454

Midwest Real Estate Data (MRED)