700 W Ferdon St Litchfield, IL 62056
Estimated payment $6,481/month
Highlights
- Active Adult
- Ranch Style House
- Breakfast Bar
- 0.89 Acre Lot
- No HOA
- Forced Air Heating and Cooling System
About This Home
Investment Opportunity Awaits with this 100% Occupied Property! This well maintained 10 unit apartment complex for tenants ages 55+ offers a solid addition to any investment portfolio. Ideally located near shopping, dining, and everyday conveniences, with quick and easy access to Interstate 55. Units 1-4 were built in 2011 and Units 5-10 were built in 2016. Both roofs were installed in 2021 Interiors have 9 ft walls, 36" doors, 5' turn radius per room, and no steps. Units 1-4 have small detached storage buildings and concrete patios. Units 5 and 10 have storage rooms attached to unit just off covered concrete patio. Each unit includes refrigerator, stove, and dishwasher. Washer/Dryer hookups available. Current owners expenses: trash, mowing, and snow removal. Ask your agent for more information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,250
Year Built
- Built in 2011
Home Design
- 8,781 Sq Ft Home
- Ranch Style House
- Vinyl Siding
Kitchen
- Breakfast Bar
- Range
- Dishwasher
Bedrooms and Bathrooms
- 95 Bedrooms
- 55 Bathrooms
Laundry
- Laundry in unit
- Washer Hookup
Parking
- Open Parking
- Parking Lot
Schools
- Litchfield Dist 12 Elementary And Middle School
- Litchfield Community High Scho
Additional Features
- 0.89 Acre Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 10-32-428-001
Community Details
Overview
- Active Adult
- No Home Owners Association
- 2 Buildings
- 10 Units
Building Details
- 10 Leased Units
- Other Expense $8,087
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,359 | $87,410 | $5,990 | $81,420 |
| 2023 | $7,081 | $82,560 | $5,660 | $76,900 |
| 2022 | $6,829 | $77,910 | $5,340 | $72,570 |
| 2021 | $6,660 | $75,390 | $5,170 | $70,220 |
| 2020 | $6,315 | $71,480 | $4,900 | $66,580 |
| 2019 | $6,416 | $70,170 | $4,810 | $65,360 |
| 2018 | $6,427 | $68,040 | $4,660 | $63,380 |
| 2017 | $6,416 | $67,120 | $4,600 | $62,520 |
| 2016 | $6,302 | $65,170 | $4,470 | $60,700 |
| 2015 | $6,043 | $65,620 | $4,500 | $61,120 |
| 2013 | $5,720 | $62,860 | $4,430 | $58,430 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2026 03/03/26 | For Sale | $899,000 | -- | $102 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $70,000 | None Available | |
| Warranty Deed | $70,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | Future Advance Clause Open End Mortgage |
Source: MARIS MLS
MLS Number: MIS26010443
APN: 10-32-428-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 215 W Palmer St
- TBD N Madison St
- 821 N State St
- 209 N Douglas St
- 1003 N Monroe St
- 704 N Monroe St
- 1517 N State St
- 903 N Van Buren St
- TBD N Van Buren St
- 104 W Edwards St
- 419 E Corwin St
- 347 S Lincoln St
- 1500 N Van Buren St
- 1402 N Harrison St
- 11 Dayspring
- 1512 N Harrison St
- 203 E Martin St
- 709 S Jefferson St
- 708 S Jefferson St
- 616 E Ryder St
- 1115 N Illinois Ave Unit SI ID1306812P
- 111 N Poplar St Unit 1
- 313 S Dye St
- 206 S Springfield St
- 851 West St Unit West St. Apartments
- 1525 Crown Rd
- 115 Echo Ln
- 326 E Central St
- 190 Rue Sans Souci
- 422 Winona St
- 20 River Reach Ct
- 543 Charles Ave
- 617 Valley Dr
- 26 Carroll Wood Dr
- 615 3rd St
- 433 N Old St Louis Rd Unit 433
- 608 Central Park Place
Ask me questions while you tour the home.