NOT LISTED FOR SALE

818 Madison St Lockport, IL 60441

Estimated Value: $433,122

5 Beds
4 Baths
-- Sq Ft
0.33 Acres

Last Sold January 29, 2021

Last sale price $327,000

Est. 32% increase in value since last sale

Current estimated payment $3,111/month

97 Days on Market

Highlights

  • Deck
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Milne Grove Elementary School Rated 9+

About This Home

As of January 2021

Well cared for 4 flat in Lockport's Downtown District. Walk to train, schools and downtown area. Three - 1 bedroom units and one - 2 bedroom unit. All 4 units have a balcony/porch off the kitchen. Basement is finished and shared by all tenants for storage. Shared washer/dryer in basement. Separate gas and electric meters (tenants pay) Main electric (halls) paid by owner. Owner pays water, sewer & garbage. All units are rented-some are long term tenants. Updated electric, newer windows. Driveway has new gravel and pressed stone. School Dist. 91. One bedroom units have galley kitchen, tile floors, stove and refrigerator. Ceramic tile countertops. Large bedroom and large closet. Large living room/dining room combo. First floor (1W) has a decorative fireplace. Hardwood floors in all 4 units. Large closets (hall, linen and bedroom) 2 bedroom unit has galley kitchen, tile floors, stove and refrigerator. Ceramic tile countertop. Large bedroom and large closet. Large living room/dining room combo. 2W has decorative fireplace. Hardwood floors. Large closets (hall, linen and bedroom)

Last Agent to Sell the Property

Jackie Grieshamer

4 Sale Realty, Inc. License #471018458 Listed on: 09/08/2020

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,264

Year Renovated

  • 2015

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 180x60

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Kelvin Grove Elementary School
  • Lockport Township High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,264

Year Renovated

2015

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Deck
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 9
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Schools

  • Elementary School: Kelvin Grove Elementary School
  • High School: Lockport Township High School
  • Middle/Junior School: Kelvin Grove Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.33
  • Lot Dimensions: 180X60
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 9263.76
  • Tax Year: 2019

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Jan 25, 2021
Sold by
Medveskas Kevin J
Bought by
Pima Property Group Llc
Seller's Agent
Jackie Grieshamer
4 Sale Realty, Inc.
Buyer's Agent
Christopher Knollin
Realty Executives Elite
List Price
$349,900
Sold Price
$327,000
Premium/Discount to List
-$22,900
-6.54%
Current Estimated Value
$433,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,122
Avg. Annual Appreciation
6.45%
Original Mortgage
$446,160
Outstanding Balance
$396,500
Interest Rate
2.6%
Mortgage Type
Commercial
Estimated Equity
$48,339

Purchase Details

Closed on
Apr 16, 2007
Sold by
Sowell Jason
Bought by
Medveskas Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2000
Sold by
Ge Capital Mtg Services Inc
Bought by
Sowell Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,950
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2000
Sold by
Delaney Kevin J
Bought by
Ge Capital Mtg Services Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pima Property Group Llc $327,000 None Available
Medveskas Kevin J $290,000 Greater Illinois Title Compa
Sowell Jason $120,000 First American Title
Ge Capital Mtg Services Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pima Property Group Llc $446,160
Previous Owner Medveskas Kevin J $232,000
Previous Owner Sowell Jason $113,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $327,000 -6.5% --
12/14/2020 12/14/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $349,900 -- --
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 $10,174 $118,498 $22,993 $95,505
2023 $10,174 $106,381 $20,642 $85,739
2022 $9,005 $97,821 $18,981 $78,840
2021 $9,117 $97,821 $18,981 $78,840
2020 $9,208 $97,821 $18,981 $78,840
2019 $9,264 $97,821 $18,981 $78,840
2018 $9,003 $92,801 $18,007 $74,794
2017 $9,222 $92,801 $18,007 $74,794
2016 $9,460 $92,801 $18,007 $74,794
2015 -- $92,801 $18,007 $74,794
2014 -- $85,927 $16,673 $69,254
2013 -- $85,927 $16,673 $69,254
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10853868

Midwest Real Estate Data (MRED)

APN: 11-04-23-409-008