J
Seller's Agent in 2024
Jessica Czaja
Lori Bonarek Realty
(815) 210-6199
1 in this area
7 Total Sales
805 E Baltimore St Wilmington, IL 60481
Wilmington NeighborhoodEstimated Value: $636,235
16
Beds
8
Baths
--
Sq Ft
0.4
Acres
Highlights
- Corner Lot
- Storage Room
- Hot Water Heating System
- L.J. Stevens Intermediate School Rated A-
- Central Heating
About This Home
As of February 2024RARELY AVAILABLE 8 UNIT- in the heart of Wilmington, Illinois. Calling all investors! Great opportunity, don't miss your chance to own this brick exterior investment property! Each unit is 2 Bedroom-1 Bath with good sized bedrooms, living room, and kitchen. Laundry hookup and storage units located in the basement area. Current washer and dryer not included in the sale. Large private parking lot area for tenants behind the building. Location is perfect. Units currently renting for $1,000 per month. Building needs work and is being sold AS IS. Building was part of an Estate. SELLER IS MOTIVATED! CALL TODAY FOR A SHOWING!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,004
Year Built
- Built in 1970
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 132x132
- Property fronts a highway
- Corner Lot
Parking
- 6 to 12 Parking Spaces
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Storage Room
- Partially Finished Basement
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $2,112
- Trash Expense $2,016
- Water Sewer Expense $8,220
- Operating Expense $27,204
- Gross Income $76,800
- Net Operating Income $49,596
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 20, 2024
Sold by
Drafke Robert
Bought by
805 Baltimore Llc
Total Days on Market
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$318,205
Interest Rate
7%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Nov 18, 2023
Closed on
Feb 8, 2024
Sold by
Trust Number 2545
Bought by
Drafke Robert
Seller's Agent
Jessica Czaja
Lori Bonarek Realty
Buyer's Agent
Jessica Czaja
Lori Bonarek Realty
List Price
$700,000
Sold Price
$572,500
Premium/Discount to List
-$127,500
-18.21%
Views
150
Purchase Details
Closed on
Sep 26, 2014
Sold by
Ddc Properties Ll
Bought by
Municipal Trust & Savings Bank
Purchase Details
Closed on
Apr 8, 2014
Sold by
First Midwest Bank
Bought by
Ddc Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.25%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 805 Baltimore Llc | -- | Pro Title Group | |
| Drafke Robert | $572,500 | None Listed On Document | |
| Municipal Trust & Savings Bank | -- | None Available | |
| Ddc Properties Llc | $340,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 805 Baltimore Llc | $400,000 | |
| Previous Owner | Municipal Trust And Saing Bank | $614,321 | |
| Previous Owner | Ddc Properties Llc | $265,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/16/2024 02/16/24 | Sold | $572,500 | -11.9% | -- |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 01/09/2024 01/09/24 | Price Changed | $650,000 | -7.1% | -- |
| 12/12/2023 12/12/23 | For Sale | $700,000 | 0.0% | -- |
| 12/02/2023 12/02/23 | Pending | -- | -- | -- |
| 11/18/2023 11/18/23 | For Sale | $700,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,024 | $116,545 | $25,543 | $91,002 |
| 2022 | $9,024 | $116,545 | $25,543 | $91,002 |
| 2021 | $9,187 | $116,545 | $25,543 | $91,002 |
| 2020 | $9,309 | $116,545 | $25,543 | $91,002 |
| 2019 | $9,395 | $116,545 | $25,543 | $91,002 |
| 2018 | $9,448 | $116,545 | $25,543 | $91,002 |
| 2017 | $9,537 | $116,545 | $25,543 | $91,002 |
| 2016 | $9,494 | $116,545 | $25,543 | $91,002 |
| 2015 | $11,696 | $116,545 | $25,543 | $91,002 |
| 2014 | $11,696 | $116,545 | $25,543 | $91,002 |
| 2013 | $11,696 | $146,545 | $25,543 | $121,002 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Czaja
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11931908
APN: 03-17-25-409-001
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