Seller's Agent in 2023
Shannon Collins
Green Street Realty
(217) 493-3776
15 in this area
133 Total Sales
705 W Elm St Urbana, IL 61801
West Urbana Neighborhood
16
Beds
10
Baths
--
Sq Ft
6,098
Sq Ft Lot
About This Home
As of May 202310-unit building with 2 BD apartments. Parking is available to rent to tenants. There is an on-site laundry facility. The cross street is Coler. The efficiencies are fully furnished and include fiber-optic internet. Each unit includes a window air conditioner. Each kitchen has a gas stove. Unit 10 was remodeled in 2018, new roof 2008.
Last Agent to Sell the Property
Green Street Realty License #475178418 Listed on: 04/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,759
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 133x60x103
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 10 Bathrooms
Listing and Financial Details
- Tenant pays for varies by tenant
Community Details
Overview
- 10 Units
Building Details
- Insurance Expense $3,059
- Maintenance Expense $6,739
- Water Sewer Expense $2,411
- Operating Expense $36,184
- Gross Income $92,606
- Net Operating Income $56,422
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 15, 2024
Sold by
A & B Real Estate Investments Llc
Bought by
Aduke Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,128
Interest Rate
6.89%
Purchase Details
Listed on
Apr 3, 2023
Closed on
May 3, 2023
Sold by
Fast Track Realty Llc
Bought by
A & B Real Estate Investment Llc
Seller's Agent
Shannon Collins
Green Street Realty
Buyer's Agent
J Leman
eXp Realty-Champaign
List Price
$605,000
Sold Price
$610,000
Premium/Discount to List
$5,000
0.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$880,000
Interest Rate
5.03%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 24, 2019
Closed on
Jun 21, 2019
Sold by
Mini Acre Farms Llc
Bought by
Fast Track Realty Llc
Seller's Agent
Brian Hannon
Taylor Realty Associates
Buyer's Agent
Brian Hannon
Taylor Realty Associates
List Price
$749,000
Sold Price
$650,000
Premium/Discount to List
-$99,000
-13.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.63%
Original Mortgage
$2,211,000
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 24, 2019
Closed on
May 2, 2019
Sold by
Hunsinger Enterprises Inc
Bought by
Mini Acre Farms Llc
Seller's Agent
Brian Hannon
Taylor Realty Associates
Buyer's Agent
Brian Hannon
Taylor Realty Associates
List Price
$749,000
Sold Price
$650,000
Premium/Discount to List
-$99,000
-13.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,211,000
Interest Rate
4.1%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,175,000 | Chicago Title | |
| Special Warranty Deed | $1,100,000 | None Listed On Document | |
| Warranty Deed | $2,880,000 | Attorney | |
| Quit Claim Deed | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $79,128 | No Value Available | |
| Open | $860,871 | Credit Line Revolving | |
| Previous Owner | $880,000 | New Conventional | |
| Previous Owner | $2,211,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Off Market | $650 | -- | -- |
| 09/13/2024 09/13/24 | Price Changed | $650 | 0.0% | $2 / Sq Ft |
| 08/21/2024 08/21/24 | For Rent | $650 | -27.4% | -- |
| 07/02/2024 07/02/24 | Price Changed | $895 | 0.0% | $3 / Sq Ft |
| 05/03/2023 05/03/23 | Sold | $610,000 | +0.8% | -- |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 04/03/2023 04/03/23 | For Sale | $605,000 | -6.9% | -- |
| 06/21/2019 06/21/19 | Sold | $650,000 | -13.2% | -- |
| 04/15/2019 04/15/19 | Pending | -- | -- | -- |
| 01/24/2019 01/24/19 | For Sale | $749,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $17,190 | $177,130 | $37,870 | $139,260 |
| 2023 | $17,190 | $161,610 | $34,550 | $127,060 |
| 2022 | $16,107 | $148,810 | $31,810 | $117,000 |
| 2021 | $15,759 | $145,990 | $31,210 | $114,780 |
| 2020 | $15,246 | $141,740 | $30,300 | $111,440 |
| 2019 | $11,668 | $111,660 | $30,300 | $81,360 |
| 2018 | $9,761 | $94,480 | $25,640 | $68,840 |
| 2017 | $10,098 | $94,480 | $25,640 | $68,840 |
| 2016 | $10,042 | $94,480 | $25,640 | $68,840 |
| 2015 | $9,670 | $94,480 | $25,640 | $68,840 |
| 2014 | $9,539 | $89,980 | $24,420 | $65,560 |
| 2013 | $9,414 | $89,980 | $24,420 | $65,560 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Collins
-
J Leman
Buyer's Agent in 2023
J Leman
eXp Realty-Champaign
(217) 778-5320
8 in this area
210 Total Sales
-
B
Seller's Agent in 2019
Brian Hannon
Taylor Realty Associates
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11750598
APN: 92-21-17-106-005
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