NOT LISTED FOR SALE

Estimated Value: $352,000 - $366,000

56 Beds
24 Baths
1,443 Sq Ft
$250/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $325,000 $225 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,287/month

26 Days on Market

About This Home

As of August 2023

Calling all investors! This 7 bed, 3 bath rooming house is in a great location and is already rented for the 2023-2024 school year for $3,500 per month. Located in a federal designated opportunity zone this property has so much potential! The whole interior of the house was painted including wood flooring as well as bedroom carpets were replaced in July of 2022. Some free driveway parking. View it today!

Last Agent to Sell the Property

Shannon Collins

Green Street Realty License #475178418 Listed on: 07/13/2023

Last Buyer's Agent

Tan Su

Kale Realty License #475208455

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,773

Year Built

  • Built in 1933

Lot Details

  • 5,619

Home Design

  • Rooming House

Bedrooms and Bathrooms

  • 56 Bedrooms
  • 24 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 63x100
  • Forced Air Heating System

Community Details

  • 8 Units
  • Gross Income $42,000

Listing and Financial Details

  • Tenant pays for electricity, heat, sewer, water, hot water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,773

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Rooming House/SRO
  • Stories: 2
  • Year Built: 1933
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT PT 31 BLOCK 3 ELMWOOD ADD BLKS 2 AND 3, T.S. HUBBARD'S
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 56
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 350000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Heat/Ventilation: Forced Air

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 63X100

Rental Info

  • Tenant Pays: Electricity, Heat, Sewer, Water, Hot Water
  • Board Number: 22

Multi Family

  • GrossIncome: 42000
  • NumberOfUnitsTotal: 8
  • Type Multi-Family: Rooming House/SRO

Tax Info

  • Tax Annual Amount: 9772.62
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2024
Sold by
Ark7 Properties Plus Llc
Bought by
Ark7 Properties Plus Llc
Current Estimated Value
$361,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$193,126
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$127,140

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 23, 2023
Sold by
Ui Elite Holdings
Bought by
Ark7 Properties Plus Llc
Seller's Agent
Shannon Collins
Green Street Realty
Buyer's Agent
Tan Su
Kale Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.71%

Purchase Details

Closed on
Dec 9, 2013
Sold by
T C Management Llc
Bought by
Ui Elite Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$968,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 28, 2012
Sold by
First Bank Of Savoy
Bought by
Tc Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,100
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 18, 2012
Sold by
Bond Stephanie Jane
Bought by
First Bank Of Savoy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,100
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 25, 2012
Sold by
Bond Stephanie Jane
Bought by
First Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,100
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Ark7 Properties Plus Llc -- None Listed On Document
Ark7 Properties Plus Llc $325,000 None Listed On Document
Ui Elite Holdings Llc $870,000 None Available
Tc Management Llc $699,000 None Available
First Bank Of Savoy -- None Available
First Bank $698,954 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ark7 Properties Plus Llc $195,000
Previous Owner Ui Little Holdings Llc $2,036,500
Previous Owner Ui Elite Holdings Llc $968,000
Previous Owner Ui Elite Holdings Llc $242,000
Previous Owner T C Management Llc $200,000
Previous Owner Tc Management Llc $629,100
Previous Owner Omo Osagie Gabriel $632,000
Previous Owner Omo Osagie Gabriel $600,000
Previous Owner Omo Osagie Gabriel $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $325,000 -7.1% $225 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $350,000 -- $243 / Sq Ft
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 $11,221 $115,620 $23,410 $92,210
2023 $11,221 $105,490 $21,360 $84,130
2022 $10,514 $97,140 $19,670 $77,470
2021 $9,773 $90,530 $18,330 $72,200
2020 $8,810 $87,900 $17,800 $70,100
2019 $9,186 $87,900 $17,800 $70,100
2018 $8,525 $88,520 $17,930 $70,590
2017 $9,461 $88,520 $17,930 $70,590
2016 $9,134 $85,940 $17,410 $68,530
2015 $8,923 $85,940 $17,410 $68,530
2014 $8,166 $83,030 $16,820 $66,210
2013 $8,863 $84,720 $17,160 $67,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11830534

Midwest Real Estate Data (MRED)

APN: 92-21-17-153-007