$2,450,000
SOLD AUG 29, 2025

731 Illinois Ave NW Huron, SD 57350

-- Bed
-- Bath
-- Sq Ft
2.27 Acres

Recently Sold

23% Below List Price

198 Days on Market

About This Home

As of August 2025

Investment Opportunity at Lampe EstatesLampe Estates offers an exceptional investment opportunity for landlords looking to expand their rental portfolio. Located at the intersection of Seventh Street and Illinois Avenue Northwest, this multi-family apartment complex combines the appeal of country living with easy access to downtown conveniences; an ideal setting for renters seeking both comfort and accessibility.This property includes five meticulously maintained eight-plex apartment buildings, spread across spacious and manicured grounds in a quiet, residential neighborhood. Residents benefit from close proximity to essential amenities such as grocery stores, convenience shops, and a variety of dining options.Each of the 40 units is thoughtfully designed with features that

Last Agent to Sell the Property

Mary Neugebauer

Montgomery Real Estate License #16849 Listed on: 11/05/2024

Co-Listed By

Roger Chase

Action Realty

Last Buyer's Agent

Mary Neugebauer

Montgomery Real Estate License #16849 Listed on: 11/05/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 2008

Interior Spaces

  • 2-Story Property
  • Sliding Windows

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Utilities

  • Central Air

Community Details

  • Insurance Expense $14,563
  • Maintenance Expense $35,827
  • Utility Expense $43,343

Property Details

Home Type

Multi-Family

Year Built

2008

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 2 Story
  • Age: 2008
  • Appliances Systems: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Construction Roads: Paved
  • Directions: Head west on 7th Street NW, until you reach Illinois Ave. There are 5 apartment buildings and a 6th building of garages.
  • Financial1 St Balance: 2,231,200
  • Financial1 St Balance Remarks: as of 11-5-2024
  • Financial Lender: AB&T
  • House Number: 731
  • L B P: No
  • Lending Instution: Farmers & Merchants Bank
  • Realtor C O M Type: Multi Family
  • S P D S: N/A
  • Street Direction Sfx: NW
  • Terms Terms1: Cash
  • Utilities Cooling: Central Air
  • Income: 294523.19
  • Miscellaneous Number Of Units: 40.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2008

Interior Features

  • Windows: Sliders

Exterior Features

  • Siding: Steel

Utilities

  • Utilities Sewer: Public
  • Utilities Heat: Gas Forced Air
  • Water: Public

Condo/Co-op/Association

  • Manager: Huron Housing

Lot Info

  • Lot Size: 200 x 495 and 232 x 440

MLS Schools

  • School: Huron

Matterport 3D Tour

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $2,450,000 -23.4% --
05/21/2025 05/21/25 Pending -- -- --
11/04/2024 11/04/24 For Sale $3,200,000 -- --
Source: Huron Board of REALTORS®

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
2025 -- $0 $0 $0
2024 -- $0 $0 $0
2023 -- $0 $0 $0
2022 -- $0 $0 $0
2021 -- $0 $0 $0
2020 -- $0 $0 $0
2019 -- $0 $0 $0
2018 -- $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Huron Board of REALTORS®

MLS Number: 24-304

Huron Board of REALTORS®

APN: 10390