$390,000
SOLD FEB 20, 2025

802 Ritter St Pinckneyville, IL 62274

8 Beds
-- Bath
7,752 Sq Ft
0.6 Acres

Recently Sold

$50 Per Sq Ft

8% Below List Price

77 Days on Market

About This Home

As of February 2025

Great investment opportunity! This large apartment complex has 8 units and is fully rented! Each unit has 2 bedrooms and 1 bathroom. This property comes with its very own parking lot - separate electric and water meters - all electric - good floor plan with utility room and equipped kitchen plus dining area - low vacancy rate

Last Agent to Sell the Property

Beth Miller-Porter

SHAMROCK REAL ESTATE Brokerage Phone: 618-357-5333 License #471019254 Listed on: 10/29/2024

Co-Listed By

Courtney Ridgeway

SHAMROCK REAL ESTATE DQ Brokerage Phone: 618-357-5333 License #475192298

Last Buyer's Agent

Stephen Cannedy

SHAMROCK REAL ESTATE License #475174646

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,794

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 140 x 160
  • Level Lot

Parking

  • 16 Parking Spaces

Home Design

  • 7,752 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Schools

  • Pinckneyville Elementary School
  • District 50 Middle School
  • Pinckneyville High School

Additional Features

  • 8 Bedrooms
  • Electric Water Heater

Community Details

  • Trash Expense $720

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 2-53-1380-370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,794

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1998
  • New Construction: No
  • Structure Type: Apartment Building
  • PricePerSqFt: 50.31
  • Attribution Contact: Phone: 618-357-5333
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Level, Other
  • Road Surface Type: Gravel
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 16

Utilities

  • Heating: Electric, Central Air, Electric Water Heater
  • Laundry Features: Private
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 8
  • NumberOfHeatingUnits: 8
  • NumberOfCentralAirUnits: 8
  • NumberOfGasMeters: 0
  • NumberOfElectricMeters: 8
  • NumberofWaterMeters: 8
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfDishwashers: 8

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 720
  • AdvertisingExpense: 0

Schools

  • Elementary School: Pinckneyville
  • High School: Pinckneyville
  • Middle Or Junior School: District 50

Lot Info

  • Lot Size: 140 x 160
  • Parcel #: 2-53-1380-370

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8794
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 53760
  • Annual Operating Expense: 3720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2024
Closed on
Feb 18, 2025
Sold by
Hwk Land Trust and Kelly Michael G
Bought by
Gassett Properties Llc
Seller's Agent
Beth Miller-Porter
SHAMROCK REAL ESTATE
Buyer's Agent
Stephen Cannedy
SHAMROCK REAL ESTATE
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Views
19
Current Estimated Value
$416,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,500
Original Mortgage
$320,000
Outstanding Balance
$297,340
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2013
Sold by
Goeke Bud A and Goeke Susan M
Bought by
Kelly Michael G and Hwk Land Trust #1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,560
Interest Rate
3.38%
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 Type Sale Price Title Company
Deed $390,000 None Listed On Document
Warranty Deed $302,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 New Conventional
Previous Owner $301,560 Commercial
Previous Owner $228,480 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $390,000 -8.2% $50 / Sq Ft
10/29/2024 10/29/24 For Sale $425,000 -- $55 / Sq Ft
Source: RMLS Alliance

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
2023 $8,794 $102,214 $6,521 $95,693
2022 $8,471 $93,227 $5,948 $87,279
2021 $8,133 $87,439 $5,579 $81,860
2020 $8,212 $80,909 $5,162 $75,747
2019 $8,109 $78,553 $5,012 $73,541
2018 $8,054 $78,553 $5,012 $73,541
2017 $8,177 $79,307 $4,860 $74,447
2016 $7,629 $76,176 $4,668 $71,508
2015 $7,629 $76,176 $4,668 $71,508
2013 $5,426 $56,186 $4,639 $51,547
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: EB455678

RMLS Alliance

APN: 2-53-1380-370