NOT LISTED FOR SALE
-- Bed
-- Bath
2,800 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: December 1, 2020

Last sale price $247,000 $88 Per Sq Ft

153 Days on Market

About This Home

As of December 2020

Hard to find 9 unit income producing property in Colona, IL. Building has (6) 1 bedroom units and (3) 2 bedroom units with the potential for the upper level to be converted to 2-3 more units with city approval. Many long term tenants that would like to stay. 9 unit annually income is $69,960.

Last Agent to Sell the Property

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000 Listed on: 01/24/2020

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000 Listed on: 01/24/2020

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,502

Year Built

  • Built in 1949

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Dimensions are 120x140

Home Design

  • 2,800 Sq Ft Home
  • Wood Siding

Utilities

  • Central Air
  • Separate Meters

Community Details

Overview

  • 9 Units

Building Details

  • Gross Income $31,440
  • Net Operating Income $31,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,502

Year Built

Built in 1949

Lot Details

0.39 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1949
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LTS 6 & 7 BLK 3 RYAN GARDENS CITY OF GREEN ROCK NOW CITY OF COLONA
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • Frontage Type: Paved

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters

Lot Info

  • Lot Size Acres: 0.39
  • Lot Dimensions: 120x140
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 2800

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 31440
  • GrossIncome: 31440
  • NumberOfUnitsTotal: 9

Tax Info

  • Tax Annual Amount: 3501.94
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/01/2020 12/01/20 Sold $247,000 -1.2% $88 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $250,000 -- $89 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4208957

Midwest Real Estate Data (MRED)
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