NOT LISTED FOR SALE

801 Hollycrest Dr Champaign, IL 61821

Estimated Value: $358,533 - $370,000

8 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold May 30, 2024

Last sale price $350,000

Est. 2% increase in value since last sale

Current estimated payment $2,472/month

15 Days on Market

Highlights

  • Balcony
  • Centennial High School Rated A-
  • Forced Air Heating System

About This Home

As of May 2024

Don't miss out on this incredible investment opportunity! This fully leased 4-plex is a gem waiting for you. Consisting of two first-floor units and two second-floor units, each apartment has undergone recent updates, resulting in increased rental income. Conveniently situated in a central location, this property boasts easy access to multiple bus stops, making transportation a breeze for tenants. Additionally, off-street parking in the rear provides added convenience and peace of mind. The owner takes care of trash and sewer expenses, while tenants are responsible for water, power, and gas bills. Furthermore, this property allows for Airbnb/short-term rentals, offering even greater income potential. With its prime location, updated units, and solid rental history, this 4-plex presents a fantastic opportunity for savvy investors. Don't wait, seize this chance to add a lucrative asset to your portfolio!

Last Agent to Sell the Property

PJ Trautman

Trautman Real Estate Agency & Appraisal LLC License #471018644 Listed on: 03/20/2024

Co-Listed By

Phillip Curry

Trautman Real Estate Agency & Appraisal LLC License #475176510

Last Buyer's Agent

PJ Trautman

Trautman Real Estate Agency & Appraisal LLC License #471018644 Listed on: 03/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,673

Year Built

  • Built in 1971

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 65 x 110

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Champaign Elementary School
  • Champaign Junior High School
  • Champaign High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Balcony

Community Details

Overview

  • 4 Units
  • Stonegate Subdivision

Building Details

  • Insurance Expense $1,800
  • Gross Income $41,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,673

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Stonegate
  • Year Built: 1971
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 19 STONEGATE 7 SUBD
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 350000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 5
  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Other Expenses $: 640
  • Trash Expense Year: 605

Schools

  • Elementary School: Champaign Elementary School
  • High School: Champaign High School
  • Middle/Junior School: Champaign Junior High School
  • Middle/Junior School District: 4

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 65 X 110
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 1800
  • GrossIncome: 41700
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5672.9
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 23, 2024
Sold by
Justin Oliver Inc
Bought by
Rwt Properties Llc
Seller's Agent
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
Buyer's Agent
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
List Price
$350,000
Sold Price
$350,000
Views
94
Current Estimated Value
$355,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,802
Avg. Annual Appreciation
-0.53%
Original Mortgage
$50,000
Interest Rate
7.22%

Purchase Details

Listed on
Aug 2, 2019
Closed on
Nov 13, 2019
Sold by
Philipp Anthony
Bought by
Justin Oliver Inc
Seller's Agent
PJ Trautman
Trautman Real Estate Agency & Appraisal LLC
Buyer's Agent
Justin Oliver
Corcoran Urban Real Estate
List Price
$279,000
Sold Price
$261,000
Premium/Discount to List
-$18,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$56,000
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 4, 2013
Sold by
Todorov Simeon D and Todorov Deirdre
Bought by
Philipp Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2012
Sold by
Allana Rentals 2 Llc
Bought by
Todorov Simeon D and Todorov Deirdre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2005
Sold by
Todorov Simeon D and Todorov Deirdre
Bought by
Allana Rentals 2 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,650
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2004
Sold by
Jeske Leon E
Bought by
Todorov Simeon D and Todorov Deirdre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,650
Interest Rate
5.82%
Mortgage Type
Commercial
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
Rwt Properties Llc $350,000 None Listed On Document
Justin Oliver Inc $261,000 Attorney
Philipp Anthony $162,000 None Available
Todorov Simeon D -- None Available
Allana Rentals 2 Inc -- --
Todorov Simeon D $218,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rwt Properties Llc $50,000
Open Rwt Properties Llc $280,000
Previous Owner Justin Oliver Inc $56,000
Previous Owner Justin Oliver Inc $204,000
Previous Owner Philipp Anthony $121,500
Previous Owner Todorov Simeon D $196,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $350,000 0.0% --
04/05/2024 04/05/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $350,000 +34.1% --
11/19/2019 11/19/19 Sold $261,000 -6.5% --
10/03/2019 10/03/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $279,000 -- --
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 $6,030 $73,420 $11,650 $61,770
2023 $6,030 $66,870 $10,610 $56,260
2022 $5,673 $61,690 $9,790 $51,900
2021 $5,224 $57,060 $9,060 $48,000
2020 $5,232 $57,060 $9,060 $48,000
2019 $5,063 $55,880 $8,870 $47,010
2018 $4,949 $55,000 $8,730 $46,270
2017 $4,970 $55,000 $8,730 $46,270
2016 $4,456 $53,870 $8,550 $45,320
2015 $4,490 $52,920 $8,400 $44,520
2014 $4,452 $52,920 $8,400 $44,520
2013 $4,412 $52,920 $8,400 $44,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12009145

Midwest Real Estate Data (MRED)

APN: 44-20-15-276-019