NOT LISTED FOR SALE

731 W Main St Decatur, IL 62522

Near West Neighborhood

Estimated Value: $70,000 - $157,000

1 Bed
1 Bath
2,740 Sq Ft
$40/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $73,500 $27 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $824/month

60 Days on Market

About This Home

As of August 2018

Nice Victorian property converted to five-unit apartment building in the west end, not far from the Millikin Homestead and university. Roof and furnace are newer and each apartment has been remodeled. Large parking lot in rear with alley access.

Last Agent to Sell the Property

Jim Cleveland

RE/MAX Executives Plus License #471008537 Listed on: 04/20/2018

Last Buyer's Agent

Jim Cleveland

RE/MAX Executives Plus License #471008537 Listed on: 04/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,471

Lot Details

  • 8,207 Sq Ft Lot
  • Lot Dimensions are 57 x 151

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,740 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Enterprise Elementary School
  • Stephen Decatur Middle School
  • Macarthur High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, trash collection, water
  • Assessor Parcel Number 04-12-15-181-004

Community Details

Overview

  • 5 Units
  • Adamson & Prathers Addt Subdivision

Building Details

  • Operating Expense $15,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,471

Lot Details

0

Listing Details

  • Directions: West on main
  • Lot Size Acres: 0.19
  • Lot Size: 57 x 151
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Subdivision Name: Adamson & Prathers Addt
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two and One Half
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Unfinished, Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Owner Pays: Heat, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Enterprise
  • High School: Macarthur
  • Middle Or Junior School: Stephen Decatur
  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 8207.0
  • Parcel #: 04-12-15-181-004
  • Zoning: M-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Operating Expense: 15201.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2471.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2023
Sold by
Too Easy Realty Llc
Bought by
Greysteele Properties Llc
Current Estimated Value
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,897
Outstanding Balance
$144,792
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
-$34,792

Purchase Details

Closed on
Sep 29, 2020
Sold by
Gleeson James
Bought by
Too Easy Realty Llc

Purchase Details

Listed on
Apr 20, 2018
Closed on
Aug 6, 2018
Sold by
Zarndt Rentals Llc
Bought by
Gleeson James
Seller's Agent
Jim Cleveland
RE/MAX Executives Plus
Buyer's Agent
Jim Cleveland
RE/MAX Executives Plus
List Price
$74,897
Sold Price
$73,500
Premium/Discount to List
-$1,397
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Jul 17, 2013
Sold by
Zarndt Steven J
Bought by
Zarndt Rentals Llc

Purchase Details

Closed on
Oct 1, 1985
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Greysteele Properties Llc -- None Listed On Document
Too Easy Realty Llc -- None Available
Gleeson James $73,500 None Available
Zarndt Rentals Llc $8,500 None Available
-- $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greysteele Properties Llc $247,897
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2018 08/10/18 Sold $73,500 -1.9% $27 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $74,897 -- $27 / Sq Ft
Source: Central Illinois 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
2024 $2,938 $30,347 $2,375 $27,972
2023 $2,913 $29,273 $2,291 $26,982
2022 $2,630 $25,716 $2,013 $23,703
2021 $2,471 $24,016 $1,880 $22,136
2020 $2,435 $22,901 $1,793 $21,108
2019 $2,435 $22,901 $1,793 $21,108
2018 $2,414 $22,977 $1,799 $21,178
2017 $2,471 $23,590 $1,847 $21,743
2016 $2,518 $23,831 $1,866 $21,965
2015 $2,393 $23,410 $1,833 $21,577
2014 $2,222 $23,178 $1,815 $21,363
2013 $2,296 $24,048 $1,883 $22,165
Source: Public Records

Agents Affiliated with this Home

  • Jim Cleveland

    Seller's Agent in 2018

    Jim Cleveland

    RE/MAX

    (217) 433-1144

    16 in this area

    531 Total Sales

    Jim Cleveland
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6181621

APN: 04-12-15-181-004

Illinois Macon County Decatur 62522 Near West

731 W Main St, Decatur, IL

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