700 W Ferdon St Litchfield, IL 62056
Litchfield AreaEstimated payment $6,829/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
- $23,329
Year Built
- Built in 2011
Home Design
- 8,781 Sq Ft Home
- Ranch Style House
- Slab Foundation
- 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
- 38,768 Sq Ft 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
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 | $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
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 |
|---|---|---|---|---|
| 03/03/2026 03/03/26 | For Sale | $899,000 | -- | $102 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $70,000 | None Available |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $300,000 | Construction | |
| Previous Owner | $263,803 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $50,000 | Future Advance Clause Open End Mortgage |
Source: MARIS MLS
MLS Number: MIS26010443
APN: 10-32-428-001
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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.
Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.