NOT LISTED FOR SALE

715 E Central Ave Princeton, IL 61356

Estimated Value: $271,954 - $3,749,000

Studio
-- Bath
-- Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: November 26, 2019

Last sale price $205,000

Est. 470% increase in value since last sale

Current estimated payment $6,940 / mo

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

Coldwell Banker Today's

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,238

Year Built

  • Built in 1964

Lot Details

  • 12,632 Sq Ft Lot
  • Lot Dimensions are 81.02 x 154.5

Home Design

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

0.29 Acres

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 22, 2019
Sold by
Bought by
Seller's Agent
Janelle McCarter
Landmark Realty of Illinois LLC
Buyer's Agent
Bonnie Lester
Coldwell Banker Today's
List Price
$225,000
Sold Price
$205,000
Premium/Discount to List
-$20,000
-8.89%
Current Estimated Value
$1,168,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$963,489
Avg. Annual Appreciation
30.02%
Original Mortgage
$153,750
Outstanding Balance
$136,376
Interest Rate
4.75%
Mortgage Type
Commercial
Estimated Equity
$1,032,113
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

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 Buyer Sale Price Title Company
$205,000 None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $153,750
Closed $60,000
Closed $100,000
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
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

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

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
2025 $7,545 $95,927 $6,682 $89,245
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

  • Janelle McCarter

    Seller's Agent in 2019

    Janelle McCarter

    Landmark Realty of Illinois LLC

    (815) 252-7283

    515 Total Sales

    Janelle McCarter
    Section Image
  • Bonnie Lester

    Buyer's Agent in 2019

    Bonnie Lester

    Coldwell Banker Today's

    (815) 228-7565

    347 Total Sales

    Bonnie Lester
    Section Image

  • R

    Buyer Co-Listing Agent in 2019

    Robin Guerrero

    Coldwell Banker Today's

    (815) 252-4816

    49 Total Sales

    Robin Guerrero
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10543911

Midwest Real Estate Data (MRED)

APN: 16-16-229-005

Illinois Bureau County Princeton 61356

715 E Central Ave, Princeton, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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