NOT LISTED FOR SALE

701 5th Ave Sterling, IL 61081

Estimated Value: $123,000 - $156,000

7 Beds
6 Baths
-- Sq Ft
0.3 Acres

Last Sold July 17, 2020

Last sale price $112,000

Est. 29% increase in value since last sale

Current estimated payment $910/month

11 Days on Market

About This Home

As of July 2020

6 1 bedroom apartments average $400 a month, 3 car garage, off street gravel parking, corner lot, two apartments are currently vacant. Landlord pays for trash, lawncare, water, sewer, partial basement, sold as is. Roof is 3 years old. All apartments have window air units, appliances and smoke detectors.

Last Agent to Sell the Property

Patty Martinez

Patty Martinez Managing Broker License #471011773 Listed on: 05/18/2020

Last Buyer's Agent

Judy Powell

Judy Powell Realty License #471010072

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,762

Year Built

  • 1900

Lot Details

  • 0.3

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $2,274

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,762

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Estimated Age: Older
  • Net Oper Income: 17706
  • Scavenger Expense: 131
  • Total Annual Exp: 6006
  • Total Annual Income: 22794
  • Total Monthly Income: 2400
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 5
  • Number Of Stories: 2
  • Estimated Year Built: 1900
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Electric, Gas
  • Water Expense: 115

Condo/Co-op/Association

  • Units in Building: 6

Lot Info

  • Lot Dimensions: 71X100X54X99X124
  • Parcel Identification Number: 01121428009000

Rental Info

  • Gross Rental Income: 28800
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2019
  • Insurance Expense: 2274

Tax Info

  • Taxes: 5087.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Jul 17, 2020
Sold by
Eugene R Bentley T
Bought by
815 Properties Llc
Seller's Agent
Patty Martinez
Patty Martinez Managing Broker
Buyer's Agent
Judy Powell
Judy Powell Realty
List Price
$125,900
Sold Price
$112,000
Premium/Discount to List
-$13,900
-11.04%
Current Estimated Value
$144,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,708
Avg. Annual Appreciation
5.03%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
815 Properties Llc $112,000 None Available
Eugene R Bentley T -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $112,000 -11.0% --
05/29/2020 05/29/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $125,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $4,762 $45,676 $8,990 $36,686
2023 $4,495 $42,876 $8,439 $34,437
2022 $4,383 $41,022 $8,074 $32,948
2021 $4,230 $38,685 $7,614 $31,071
2020 $5,120 $46,481 $7,347 $39,134
2019 $5,088 $45,637 $7,214 $38,423
2018 $5,033 $45,711 $7,226 $38,485
2017 $5,043 $45,397 $7,176 $38,221
2016 $4,914 $43,934 $6,945 $36,989
2015 $4,700 $45,140 $7,135 $38,005
2014 $4,690 $44,138 $6,977 $37,161
2013 $4,700 $45,140 $7,135 $38,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10717844

Midwest Real Estate Data (MRED)

APN: 1121428009