716 W 3rd St Kewanee, IL 61443
Estimated payment $838/month
Highlights
- Storage Room
- ENERGY STAR Qualified Water Heater
- Level Lot
- Forced Air Heating System
About This Home
Great cash flow in this triplex with 2 - 2bed, 1 bath units and 1 very large unit with 3 bed, 2 bath. Fully rented with strong rental history. New metal roof 2025! Full rehab with new vinyl double hung windows, insulation and siding with full tear-off 2020-2021. New 40 gallon water heater installed 7/2025, comes with 9 year warranty. Apt 1: 2,000 sq ft. Carpets in living room, back bedroom and master bedroom 2018. Laminate flooring 2019 in 3rd bedroom and in hallway and mudroom 2022. Luxury vinyl plank in kitchen and laundry 2019. Electric and gas hook ups in laundry room. New exterior front porch and stairs 2021. New sliding glass door and front picture window 2021. New exterior main door and storm door 2022. Rent $800 but could be higher. Apt 2: Remodeled 2020. New kitchen includes: Cabinets, sink, windows, luxury vinyl plank flooring, & GFCI protected outlets. New electric service panel, furnace, toilet and interior doors 2020. Plumbed for in unit washer and electric dryer- 2024. Large dining, living and bathroom with laminate flooring in living and dining room. New gas furnace 2019. Rent - $650. Apt 3: New carpet in bedrooms and living room 2019. New vinyl plank flooring kitchen and bathroom 2024. Large furnace work completed 2020 and upgraded plumbing 2024. New kitchen faucet, toilet, electric service panel and electric wiring 2019. Kitchen exhaust fan 2021. Rent -$600. $4,100 buyer credit at closing. Owner is licensed real estate agent in IL/IA.
Listing Agent
Ruhl&Ruhl REALTORS Moline License #475.201285/S70784000 Listed on: 04/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $757
Year Built
- Built in 1907
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 56 x 145
- Level Lot
Parking
- Alley Access
Home Design
- Brick Foundation
Interior Spaces
- Storage Room
- Laundry in unit
- Basement Fills Entire Space Under The House
Schools
- Irving Elementary School
- Central Middle School
- Kewanee High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- Burlington View Subdivision
Building Details
- Insurance Expense $1,878
- Maintenance Expense $1,025
- Water Sewer Expense $1,663
- Gross Income $24,600
- Net Operating Income $19,277
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 | $833 | $7,720 | $1,036 | $6,684 |
| 2023 | $757 | $6,832 | $917 | $5,915 |
| 2022 | $700 | $6,216 | $834 | $5,382 |
| 2021 | $669 | $5,755 | $772 | $4,983 |
| 2020 | $658 | $5,628 | $755 | $4,873 |
| 2019 | $669 | $5,873 | $788 | $5,085 |
| 2018 | $691 | $6,017 | $807 | $5,210 |
| 2017 | $680 | $5,940 | $797 | $5,143 |
| 2016 | $2,052 | $17,935 | $805 | $17,130 |
| 2015 | $1,505 | $17,636 | $792 | $16,844 |
| 2013 | $1,505 | $18,086 | $812 | $17,274 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $168,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $17,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $21,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: QC4262286
APN: 20-32-234-017
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