NOT LISTED FOR SALE

704 Park Ave Unit 914-916 S 7th St. Pekin, IL 61554

South of Broadway Neighborhood

Estimated Value: $103,775 - $163,000

12 Beds
8 Baths
2,816 Sq Ft
$46/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $100,000 $36 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $987/month

172 Days on Market

About This Home

As of March 2021

Attention Investors! Check out these two Duplexes! These 3 bedroom Units Cash Flow Great! Each Unit can get $800 per month there is a gross income potential of $38,400.00 This Deal wont last long, call today to schedule an appointment

Last Agent to Sell the Property

Mitchell LaHood

RE/MAX Traders Unlimited License #475182499 Listed on: 08/31/2020

RE/MAX Traders Unlimited

Last Buyer's Agent

Amber Neal

Jim Maloof Realty, Inc. License #475178998

Jim Maloof Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1912

Lot Details

  • 4,879

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Pekin Community High School

Listing and Financial Details

  • Tenant pays for gas & electric, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,533

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: Kings Add SL 1 & S 12' SL 2 All in Lot 21 NW 1/4
  • Lvt Date: 08/31/2020
  • Year Built: 1912
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 35.51
  • Total Sq Ft: 2816

Exterior Features

  • Exterior: Stucco
  • Road Access: Paved

Garage/Parking

  • Garage Parking: On-Street Parking
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: 2+ Heating Systems, Forced Air, Gas, Gravity, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Units Hook-Ups

Schools

  • High School: Pekin Community
  • High School: Pekin Community

Lot Info

  • Estimated Lot Size: 50x102
  • Lot Description: Level
  • Subdivision: King
  • Additional Assessor Parcel Numbers: 04-10-02-132-004

Rental Info

  • Tenant Pays: Gas & Electric, Sewer, Water
  • Gross Annual Rent Income: 38400

Tax Info

  • Annual Taxes: 2533.26
  • Parcel Id Number Tax Id: 04-10-02-132-002
  • Tax Year: 2019

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 38400
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Mar 22, 2021
Sold by
Farmers & Mechanics Bank
Bought by
Martin Gregory J
Seller's Agent
Mitchell LaHood
RE/MAX Traders Unlimited
Buyer's Agent
Amber Neal
Jim Maloof Realty, Inc.
List Price
$139,900
Sold Price
$100,000
Premium/Discount to List
-$39,900
-28.52%
Total Days on Market
172
Current Estimated Value
$130,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,944
Avg. Annual Appreciation
6.63%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Martin Gregory J $100,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2021 03/23/21 Sold $100,000 -13.0% $36 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
12/31/2020 12/31/20 Price Changed $114,900 -4.2% $41 / Sq Ft
11/16/2020 11/16/20 Price Changed $119,900 -4.0% $43 / Sq Ft
10/20/2020 10/20/20 Price Changed $124,900 -3.8% $44 / Sq Ft
09/30/2020 09/30/20 Price Changed $129,900 -3.7% $46 / Sq Ft
09/14/2020 09/14/20 Price Changed $134,900 -3.6% $48 / Sq Ft
08/31/2020 08/31/20 For Sale $139,900 -- $50 / Sq Ft
Source: RMLS Alliance

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 $3,019 $35,490 $2,900 $32,590
2023 $3,019 $32,950 $2,690 $30,260
2022 $2,840 $30,730 $2,510 $28,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1218355

RMLS Alliance

APN: 04-10-02-132-027