NOT LISTED FOR SALE

Estimated Value: $74,000 - $112,278

2 Beds
2 Baths
1,341 Sq Ft
$66/Sq Ft Est. Value

Last Sold April 16, 2019

Last sale price $38,000 $28 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $593/month

62 Days on Market

About This Home

As of April 2019

Great investment opportunity! Two 1 bed and 1 bath units with this incredible Pekin rental property. New flooring in one of the units. Property offers a garage with 2 stalls and extra storage. The garage is currently used for storage only and have the entrances blocked off. Seller is willing to remove blocked entrances if buyer prefers. New deck in unit #2 in 2017. New Air conditioner in 2018. Call today to schedule a private showing on this great investment.

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate License #471018071 Listed on: 12/11/2018

Last Buyer's Agent

Mary Ann Ladendorf

RE/MAX Traders Unlimited License #475099545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,088

Year Built

  • Built in 1948

Lot Details

  • 5,227

Interior Spaces

  • 2-Story Property

Schools

  • Jefferson Elementary School
  • Pekin Community High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,088

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: SEC 2 T24N R5W PEKIN GARDENS ADD W 1/2 LOTS 13 & 1
  • Lvt Date: 12/11/2018
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Price Per Sq Ft: 28.34
  • Total Sq Ft: 1341

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Paved
  • Roofing: Composition Rolled

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • Elementary School: Jefferson
  • Middle School: Wilson
  • High School: Pekin Community
  • Elementary School: Jefferson
  • High School: Pekin Community

Lot Info

  • Estimated Lot Size: 55X97
  • Estimated Number of Acres: 0.12
  • Lot Description: Level
  • Subdivision: Pekin Gardens
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 10800

Tax Info

  • Annual Taxes: 2088
  • Parcel Id Number Tax Id: 04-10-02-333-023
  • Tax Year: 2017

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 10800
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Wilson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2018
Closed on
Apr 16, 2019
Sold by
Mckinney Rodney D
Bought by
Anderson Terah
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Mary Ann Ladendorf
RE/MAX Traders Unlimited
List Price
$49,900
Sold Price
$38,000
Premium/Discount to List
-$11,900
-23.85%
Current Estimated Value
$89,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,070
Avg. Annual Appreciation
13.73%

Purchase Details

Listed on
Dec 11, 2018
Closed on
Apr 15, 2019
Sold by
Thompson Melvin C and Thompson Josephine B
Bought by
Mckinney Rodney D
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Mary Ann Ladendorf
RE/MAX Traders Unlimited
List Price
$49,900
Sold Price
$38,000
Premium/Discount to List
-$11,900
-23.85%
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
Anderson Terah $38,000 --
Mckinney Rodney D $48,500 Peoria Tittle
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2019 04/16/19 Sold $38,000 -17.4% $28 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
01/03/2019 01/03/19 Price Changed $46,000 -7.8% $34 / Sq Ft
12/11/2018 12/11/18 For Sale $49,900 -- $37 / 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 $1,454 $17,090 $3,330 $13,760
2023 $1,454 $15,870 $3,090 $12,780
2022 $1,243 $13,450 $2,880 $10,570
2021 $1,172 $12,670 $2,770 $9,900
2020 $1,161 $12,670 $2,770 $9,900
2019 $1,145 $12,670 $2,770 $9,900
2018 $2,103 $23,880 $2,770 $21,110
2017 $2,088 $24,350 $2,770 $21,580
2016 $2,047 $23,870 $2,710 $21,160
2015 $1,988 $0 $0 $0
2013 $1,732 $21,240 $2,710 $18,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAPA1200318

RMLS Alliance

APN: 04-10-02-333-023