NOT LISTED FOR SALE

708 Pines Rd Oregon, IL 61061

8 Beds
5 Baths
2,220 Sq Ft
8,843 Sq Ft Lot

Last Sold May 09, 2019

Last sale price $150,000 $68 Per Sq Ft

96 Days on Market

Highlights

  • Brick or Stone Mason
  • Storage
  • Laundry Facilities
  • Oregon High School Rated 9+
  • Baseboard Heating

About This Home

As of May 2019

Awesome cash flow on this "no vacancy" 5 unit apartment building in Oregon. Conveniently located near schools and parks and just off of IL RT2. Current annual income of $23,697. Each unit has its own utilities. 2 coin operated washer & NEW commercial dryers bring an income of $1144.50. These units have been recently updated to include fresh paint, newer vinyl windows and newer roof. Don't hesitate on this investment!

Last Agent to Sell the Property

Carla Benesh

Re/Max of Rock Valley License #471010258 Listed on: 01/02/2019

Last Buyer's Agent

Carla Benesh

Re/Max of Rock Valley License #471010258 Listed on: 01/02/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,274

Year Built

  • Built in 1959

Lot Details

  • 8,843

Parking

  • 5 Car Parking Spaces

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Siding

Interior Spaces

  • 2,220 Sq Ft Home
  • 2-Story Property
  • Storage
  • Stove

Laundry

  • Dryer
  • Washer

Schools

  • Oregon Elementary School
  • Oregon Middle School
  • Oregon High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 5 Units
  • 2-Story Building

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,274

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Dryer, Refrigerator, Stove/Cooktop, Washer
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 2220
  • General Features: Laundry in Building, Storage Area
  • Legal Description: Per Title
  • Lvt Date: 01/02/2019
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 31529
  • Management Yr: 200
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 5
  • Number Of Units In Bldg: 5
  • Other Yr: 1312
  • Utilities Yr: 400
  • Agent Only_ L A1 User Code: 3222
  • Elementary School: Oregon Elementary
  • Pertinent Facts: Awesome cash flow on this "no vacancy" 5 unit apartment building in Oregon. Conveniently located near schools and parks and just off of IL RT2. Current annual income of $23,697. Each unit has its own utilities. 2 coin operated washer & NEW commercial dryers bring an income of $1144.50. These units have been recently updated to include fresh paint, newer vinyl windows and newer roof. Don't hesitate on this investment!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior: Brick/Stone, Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 5

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1959

Tax Info

  • Year: 2017
  • Taxes: 3274

MLS Schools

  • HighSchool: Oregon High
  • School District: Oregon 220
  • Middle School: Oregon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
May 9, 2019
Sold by
Wehrman Richard W and Wehrman Bonnie M
Bought by
Myers Cory J and Myers Nicole L
Seller's Agent
Carla Benesh
Re/Max of Rock Valley
Buyer's Agent
Carla Benesh
Re/Max of Rock Valley
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Myers Cory J $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Myers Cory J $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2019 05/09/19 Sold $150,000 -11.2% $68 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
02/12/2019 02/12/19 Price Changed $169,000 -6.1% $76 / Sq Ft
01/02/2019 01/02/19 For Sale $179,900 -- $81 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $7,113 $70,818 $5,819 $64,999
2023 $6,341 $63,617 $5,419 $58,198
2022 $6,071 $58,883 $5,016 $53,867
2021 $5,728 $54,943 $4,680 $50,263
2020 $5,543 $52,506 $4,472 $48,034
2019 $5,487 $52,245 $4,450 $47,795
2018 $3,268 $31,340 $4,258 $27,082
2017 $3,254 $31,340 $4,258 $27,082
2016 $3,113 $30,242 $4,109 $26,133
2015 $3,064 $31,307 $4,254 $27,053
2014 $3,078 $31,307 $4,254 $27,053
2013 $3,058 $32,865 $4,466 $28,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201807888

NorthWest Illinois Alliance of REALTORS®

APN: 16-04-478-023