$179,900
$10K PRICE DROP

702 W Fayette Ave Effingham, IL 62401

Estimated payment $1,117/month

Total Views 36,949
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Come check out this multi family listing thats located on Fayette Ave in Effingham, IL! This property has 3 total units and has private parking in the back and also a back alley. Roof(2019), Porch(2021), Upstairs carpet(2019) and much more. Schedule a showing with an agent today to get a private tour!

Listing Agent

Alex Steppe

RE/MAX Key Advantage License #471021123 Listed on: 07/20/2025

RE/MAX Key Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,007

Year Built

  • Built in 1915

Home Design

  • Triplex
  • Shingle Roof

Utilities

  • Window Unit Cooling System
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 0316030081

Community Details

Overview

  • 3 Units
  • Western Add Subdivision

Building Details

  • Operating Expense $5,512
  • Net Operating Income $9,488

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,007

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Lot Size Acres: 0.14
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Western Add
  • Year Built: 1915
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Gas, Sewer, Trash Collection, Water
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Utilities

  • Cooling: Window Unit(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 6098.0
  • Parcel #: 0316030081
  • Zoning: R-3

Multi Family

  • Property Net Operating Income: 9488.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 5512.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2007.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 $2,191 $32,430 $14,800 $17,630
2023 $2,007 $29,480 $13,450 $16,030
2022 $1,884 $27,050 $12,340 $14,710
2021 $1,942 $26,780 $12,220 $14,560
2020 $1,908 $26,030 $11,880 $14,150
2019 $1,871 $25,770 $11,760 $14,010
2018 $1,811 $24,780 $11,310 $13,470
2017 $1,780 $24,300 $11,090 $13,210
2016 $1,743 $23,600 $10,770 $12,830
2015 -- $22,920 $10,460 $12,460
2014 -- $24,700 $12,600 $12,100
2013 -- $24,210 $12,350 $11,860
2012 -- $23,850 $12,170 $11,680
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Price Changed $179,900 -5.3% --
07/20/2025 07/20/25 For Sale $189,900 -- --
Source: Central Illinois Board of REALTORS®

Source: Central Illinois Board of REALTORS®

MLS Number: 6254158

APN: 0316030081

Illinois Effingham County Effingham 62401

702 W Fayette Ave, Effingham, IL

For Sale

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Alex Steppe
Listing Agent
Alex Steppe
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RE/MAX Key Advantage
(217) 805-8742