NOT LISTED FOR SALE

721 E Illinois St Arthur, IL 61911

Estimated Value: $159,000 - $191,000

6 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold May 29, 2020

Last sale price $85,000

Est. 110% increase in value since last sale

Current estimated payment $1,232/month

127 Days on Market

About This Home

As of May 2020

Generate instant income in this unique 3 unit investment property! Converted from a church, this property has the potential of $1800/mo in total rent. Unit 1 is newly remodeled with great space, including low maintenance flooring, large open living room with cathedral ceiling, 2 bedrooms, and 1 bathroom. Units 2 & 3 also offer 2 bedrooms and 1 bathroom. All units include a stove, refrigerator, and washer/dryer hook-ups. Roof, windows, and doors all new in 2012.

Last Agent to Sell the Property

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433 Listed on: 12/09/2019

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,019

Year Built

  • Built in 1952 | Remodeled in 2012

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Schools

  • Arthur Elementary School
  • Arthur Junior High School
  • Arthur High School

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,359
  • Insurance Expense $470
  • Trash Expense $660
  • Water Sewer Expense $1,081

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,019

Year Built

Built in 1952 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1952
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • Legal Description: W H BENNETTS ADDN LOT 1 BLK 1
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Stone

Garage/Parking

  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Trash Expense: 660
  • Water Sewer Expenses: 1081

Schools

  • Elementary School: Arthur Elementary School
  • High School: Arthur High School
  • Middle/Junior School: Arthur Junior High School

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Multi Family

  • Insurance Expense: 470
  • ElectricExpense: 3359
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,2 Story Unit/s,Converted Residence

Tax Info

  • Tax Annual Amount: 3018.64
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Jul 15, 2020
Sold by
Bernardi Construction & Specia
Bought by
Red Bud Drive Properties Llc
Seller's Agent
Ryan Dallas
RYAN DALLAS REAL ESTATE
Buyer's Agent
Non Member
NON MEMBER
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Current Estimated Value
$178,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,391
Avg. Annual Appreciation
14.13%

Purchase Details

Closed on
Jun 8, 2007
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Red Bud Drive Properties Llc $85,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2020 05/29/20 Sold $85,000 -14.9% --
04/15/2020 04/15/20 For Sale $99,900 +17.5% --
04/14/2020 04/14/20 Pending -- -- --
04/07/2020 04/07/20 Off Market $85,000 -- --
03/10/2020 03/10/20 Price Changed $99,900 -13.1% --
12/09/2019 12/09/19 For Sale $115,000 -- --
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 $3,609 $53,011 $3,489 $49,522
2023 $3,048 $41,674 $3,133 $38,541
2022 $3,238 $43,490 $2,686 $40,804
2021 $3,137 $41,459 $2,561 $38,898
2020 $3,131 $40,567 $2,506 $38,061
2019 $3,106 $40,567 $2,506 $38,061
2018 $3,019 $38,786 $2,735 $36,051
2015 $3,220 $35,531 $2,506 $33,025
2014 $3,220 $38,328 $2,506 $35,822
2013 $2,735 $35,864 $1,755 $34,109
2012 $2,735 $34,584 $1,692 $32,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10589570

Midwest Real Estate Data (MRED)

APN: 02-07-30-321-005