Seller's Agent in 2023
Shannon Collins
Green Street Realty
(217) 493-3776
16 in this area
143 Total Sales
707 W Elm St Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $537,000 - $682,000
17
Beds
7
Baths
--
Sq Ft
6,273
Sq Ft Lot
Highlights
- Central Air
- Heating Available
- 5-minute walk to Phillips Recreation Center
About This Home
As of May 2023Great opportunity to own a 5 unit campus multifamily property in the enterprise zone. This building features 5 furnished apartments to include:a unique 2 story townhouse apartment with 4 bedrooms & 2 baths (1300 sq ft): 2 Three bedroom apartments with cathedral ceilings (800 sq ft): 2 Two bedroom apartments (650 sq ft). All apartments include a gas fireplace, refrigerator, stove, dishwasher, microwave, balcony or patio, access to on-site laundry (additional charge to renters), and assigned off-street parking (additional charge). Rent includes fiber optics internet and all commons fees. Separately metered electricity and water are billed to residents. Newer roof, many recent updates throughout and maintains a great rental history. Currently rented for 2019-2020 school year! Conveniently located approx 1.5 blocks E of Lincoln and 1 blk N of Green. Easy distance to U of I and downtown Urbana.
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
- $13,495
Lot Details
- 6,273
Bedrooms and Bathrooms
- 17 Bedrooms
- 7 Bathrooms
Utilities
- Central Air
- Heating Available
Additional Features
- 3-Story Property
- Lot Dimensions are 121.5 x 55.75
Listing and Financial Details
- Tenant pays for electricity, water, hot water
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $3,040
- Insurance Expense $2,462
- Trash Expense $863
- Water Sewer Expense $495
- Operating Expense $29,105
- Gross Income $63,572
- Net Operating Income $34,467
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
$485,000
Sold Price
$490,000
Premium/Discount to List
$5,000
1.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$880,000
Interest Rate
5.03%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 26, 2019
Closed on
Mar 11, 2020
Sold by
Chambers Robert S and Vojak Colleen
Bought by
East Track Realty Llc
Seller's Agent
Stefanie Pratt
Coldwell Banker R.E. Group
Buyer's Agent
Shannon Collins
Green Street Realty
List Price
$545,000
Sold Price
$485,000
Premium/Discount to List
-$60,000
-11.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.33%
Original Mortgage
$485,000
Interest Rate
3.5%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aduke Llc | $1,175,000 | Chicago Title | |
| A & B Real Estate Investment Llc | $1,100,000 | None Listed On Document | |
| East Track Realty Llc | $485,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Aduke Llc | $79,128 | |
| Open | Aduke Llc | $860,871 | |
| Previous Owner | A & B Real Estate Investment Llc | $880,000 | |
| Previous Owner | East Track Realty Llc | $485,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2023 05/03/23 | Sold | $490,000 | +1.0% | -- |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 04/03/2023 04/03/23 | For Sale | $485,000 | 0.0% | -- |
| 03/11/2020 03/11/20 | Sold | $485,000 | -11.0% | -- |
| 01/20/2020 01/20/20 | Pending | -- | -- | -- |
| 01/10/2020 01/10/20 | For Sale | $545,000 | 0.0% | -- |
| 12/09/2019 12/09/19 | Pending | -- | -- | -- |
| 12/04/2019 12/04/19 | For Sale | $545,000 | 0.0% | -- |
| 11/14/2019 11/14/19 | Pending | -- | -- | -- |
| 10/15/2019 10/15/19 | Price Changed | $545,000 | -1.8% | -- |
| 08/22/2019 08/22/19 | Price Changed | $555,000 | -3.5% | -- |
| 04/26/2019 04/26/19 | For Sale | $575,000 | -- | -- |
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 | $15,497 | $159,670 | $46,720 | $112,950 |
| 2023 | $15,497 | $145,690 | $42,630 | $103,060 |
| 2022 | $14,520 | $134,150 | $39,250 | $94,900 |
| 2021 | $13,496 | $125,020 | $36,580 | $88,440 |
| 2020 | $12,553 | $116,700 | $34,140 | $82,560 |
| 2019 | $12,195 | $116,700 | $34,140 | $82,560 |
| 2018 | $10,202 | $98,750 | $28,890 | $69,860 |
| 2017 | $10,554 | $98,750 | $28,890 | $69,860 |
| 2016 | $10,496 | $98,750 | $28,890 | $69,860 |
| 2015 | $10,106 | $98,750 | $28,890 | $69,860 |
| 2014 | $9,969 | $94,040 | $27,510 | $66,530 |
| 2013 | $9,838 | $94,040 | $27,510 | $66,530 |
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
206 Total Sales
-
Stefanie Pratt
Seller's Agent in 2020
Stefanie Pratt
Coldwell Banker R.E. Group
(217) 202-3336
4 in this area
369 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11750596
APN: 92-21-17-106-004
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