NOT LISTED FOR SALE

715 E Central Ave Princeton, IL 61356

Estimated Value: $174,000 - $313,000

Studio
-- Bath
-- Sq Ft
0.29 Acres

Last Sold November 26, 2019

Last sale price $205,000

Est. 25% increase in value since last sale

Current estimated payment $1,925/month

10 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Hot Water Heating System

About This Home

As of November 2019

Meticulously maintained 6 unit apartment building with a great layout. On site laundry, lots of storage and fully occupied with many long term, clean tenants in place. New roof in 2001 and many apartments have newer flooring, paint, kitchens and more. If you are looking for an investment opportunity that offers very little time but can make you provide great income this is it! Shared deck and patio spaces and a large parking lot and nice location.

Last Agent to Sell the Property

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781 Listed on: 10/10/2019

Last Buyer's Agent

Bonnie Lester

Coldwell Banker Today's, Realtors

Coldwell Banker Today's, Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,238

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 81.02 x 154.5

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Storage Room
  • Laundry Room
  • Finished Basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $4,368
  • Fuel Expense $1,920
  • Operating Expense $12,526
  • Gross Income $33,780
  • Net Operating Income $21,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,238

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Basement Description: Finished
  • Misc Inside: Storage Inside,Laundry Room
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Frame
  • Foundation Details: Block
  • Roof: Composition
  • Exterior Building Type: Brick,Other
  • Roof Structure: Gable

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 81.02 X 154.5

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Varies by Tenant
  • Board Number: 18

Multi Family

  • Net Operating Income: 21254
  • Fuel Expense: 1920
  • ElectricExpense: 4368
  • GrossIncome: 33780
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 12526
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 6237.94
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 22, 2019
Sold by
Schafer Ronald and Schafer Debra J
Bought by
Marquette Real Estate Llc
Seller's Agent
Janelle McCarter
Landmark Realty of Illinois LLC
Buyer's Agent
Bonnie Lester
Coldwell Banker Today's, Realtors
List Price
$225,000
Sold Price
$205,000
Premium/Discount to List
-$20,000
-8.89%
Current Estimated Value
$255,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,623
Avg. Annual Appreciation
3.67%
Original Mortgage
$153,750
Outstanding Balance
$138,183
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$117,440
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
Marquette Real Estate Llc $205,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquette Real Estate Llc $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2019 11/26/19 Sold $205,000 -8.9% --
10/20/2019 10/20/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $225,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $7,072 $89,828 $6,257 $83,571
2023 $7,072 $82,730 $5,763 $76,967
2022 $6,683 $77,564 $5,403 $72,161
2021 $3,268 $73,423 $5,115 $68,308
2020 $6,355 $70,735 $4,928 $65,807
2019 $6,355 $69,889 $4,869 $65,020
2018 $6,238 $68,694 $4,786 $63,908
2017 $6,346 $68,942 $4,803 $64,139
2016 $6,192 $67,143 $4,678 $62,465
2015 -- $61,373 $0 $61,373
2014 -- $65,970 $4,597 $61,373
2013 -- $66,328 $4,622 $61,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10543911

Midwest Real Estate Data (MRED)

APN: 16-16-229-005