NOT LISTED FOR SALE

809 E 14th St Georgetown, IL 61846

-- Bed
-- Bath
-- Sq Ft
1.37 Acres

Last Sold May 10, 2023

Last sale price $307,000

165 Days on Market

Highlights

  • 1.37 Acre Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

This rental property is a 6-unit development with a single family 3 bedroom home, a duplex with two rentable units, and a warehouse with three separate apartments built inside and 1200 square feet of space that can be rented or built into additional rental units. The three apartments each have their own 1 stall garage space. The properties are situated on 1.5 acres of land and .5 of that acreage is vacant and buildable. This property is cashflow positive from day one. Duplexes and one apartment have just been updated beautifully. These properties are continually rented and have month to month leases. This is an investors dream.

Last Agent to Sell the Property

Tracy Lockenour-HomeSmart Team

HomeSmart Realty Group Illinois License #475173524 Listed on: 09/30/2022

HomeSmart Realty Group Illinois

Co-Listed By

Brady Lockenour

HomeSmart Realty Group Illinois License #475187959

Last Buyer's Agent

Tracy Lockenour-HomeSmart Team

HomeSmart Realty Group Illinois License #475173524 Listed on: 09/30/2022

HomeSmart Realty Group Illinois

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,891

Year Built

  • Built in 2002

Lot Details

  • 1.37 Acre Lot
  • Lot Dimensions are 226x264

Parking

  • 10 Parking Spaces

Interior Spaces

  • 1-Story Property
  • Laundry Room

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,526
  • Maintenance Expense $7,200
  • Other Expense $4,500
  • Operating Expense $19,618
  • Gross Income $48,120
  • Net Operating Income $29,702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,891

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 1
  • Year Built: 2002
  • Built Before 1978 (Y/N): No
  • New Construction Y/N: No
  • Information: 24-Hr Notice Required
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Inside: Laundry Room
  • Refrigerators: 3
  • Ranges: 6
  • Room: 0

Exterior Features

  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 10
  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Electric: Ameren
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Operating Expense Includes: Legal,Utilities

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.37
  • Lot Dimensions: 226X264
  • Lot Size Sq Ft: 59796
  • Zoning: MULTI
  • Alternate Phone Number: (309) 397-5544

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 23
  • Tenancy Type: Month To Month

Multi Family

  • Net Operating Income: 29702
  • Insurance Expense: 3526
  • GrossIncome: 48120
  • Maintenance Expense: 7200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19618
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 7891
  • Tax Year: 2021
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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
05/10/2023 05/10/23 Sold $307,000 -5.5% --
03/15/2023 03/15/23 Pending -- -- --
09/30/2022 09/30/22 For Sale $325,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $9,057 $101,518 $14,141 $87,377
2023 $9,057 $93,651 $13,045 $80,606
2022 $8,206 $88,811 $12,371 $76,440
2021 $7,891 $84,582 $11,782 $72,800
2020 $7,605 $79,794 $11,115 $68,679
2019 $7,609 $79,429 $11,064 $68,365
2018 $7,501 $76,743 $10,690 $66,053
2015 $6,251 $65,564 $9,133 $56,431
2014 $6,251 $68,034 $9,477 $58,557
2013 $6,251 $68,034 $9,477 $58,557
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11642491

Midwest Real Estate Data (MRED)

APN: 28-29-401-058