715 W Broadway St Sparta, IL 62286
Estimated payment $1,225/month
Highlights
- 0.96 Acre Lot
- Attached Garage
- Forced Air Heating and Cooling System
- Deck
- Cooling System Mounted To A Wall/Window
About This Home
HUGE Price Drop! Cash flow opportunity! This fully updated 4-unit property is located on a large parcel with two separate buildings. The property features:
Two 2-bedroom, 1-bath units rented at $900/month (tenant pays gas & electric)
One 1-bedroom, 1-bath unit rented at $900/month (all utilities included)
One studio unit rented at $750/month (all utilities included)
Landlord covers water, trash, and lawn care. With a total monthly income of $3,450, this property offers excellent potential for steady returns. Well-maintained and low-maintenance, it’s the perfect addition to your investment portfolio!
Listing Agent
Prime Real Estate and Property Management License #2024040387 Listed on: 12/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,716
Year Built
- Built in 1978
Lot Details
- 0.96 Acre Lot
- Lot Dimensions are 120x146.5
Home Design
- Duplex
- Brick Exterior Construction
- Aluminum Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- Attached Garage
- Additional Parking
Outdoor Features
- Deck
Schools
- Sparta Dist 140 Elementary And Middle School
- Sparta High School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heating System Powered By Owned Propane
- Propane Water Heater
- Septic Tank
Community Details
- 4 Units
- Net Operating Income $27,444
Listing and Financial Details
- Assessor Parcel Number 06-001-011-00
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,848 | $51,925 | $10,300 | $41,625 |
| 2023 | $3,131 | $48,245 | $9,570 | $38,675 |
| 2022 | $2,858 | $44,560 | $2,885 | $41,675 |
| 2021 | $2,671 | $42,045 | $2,720 | $39,325 |
| 2020 | $2,500 | $43,059 | $2,788 | $40,271 |
| 2019 | $3,309 | $44,500 | $1,130 | $43,370 |
| 2018 | $3,322 | $49,061 | $1,246 | $47,815 |
| 2017 | $2,788 | $44,900 | $1,140 | $43,760 |
| 2016 | $3,038 | $43,270 | $1,100 | $42,170 |
| 2015 | $3,073 | $43,270 | $1,100 | $42,170 |
| 2014 | $3,073 | $44,115 | $1,120 | $42,995 |
| 2013 | $2,942 | $44,675 | $1,135 | $43,540 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/10/2025 08/10/25 | Price Changed | $189,900 | -2.6% | -- | |
| 08/10/2025 08/10/25 | Price Changed | $194,900 | -4.9% | -- | |
| 06/17/2025 06/17/25 | Price Changed | $204,900 | -8.9% | -- | |
| 03/12/2025 03/12/25 | Price Changed | $225,000 | -6.2% | -- | |
| 02/28/2025 02/28/25 | Price Changed | $239,990 | -4.0% | -- | |
| 12/20/2024 12/20/24 | For Sale | $249,900 | 0.0% | -- | |
| 12/20/2024 12/20/24 | Off Market | $249,900 | -- | -- | |
| 12/23/2019 12/23/19 | Sold | $128,000 | -3.0% | $72 / Sq Ft | View Prior Sale |
| 10/31/2019 10/31/19 | For Sale | $132,000 | +3.1% | $75 / Sq Ft | |
| 10/18/2019 10/18/19 | Off Market | $128,000 | -- | -- | |
| 09/10/2019 09/10/19 | For Sale | $132,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $128,000 | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,681 | FHA |
Source: MARIS MLS
MLS Number: MIS24076948
APN: 06-001-011-00
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