$290,000
SOLD OCT 25, 2022

824 E Wyman Ave Hoopeston, IL 60942

24 Beds
24 Baths
-- Sq Ft
0.71 Acres

Recently Sold

29% Below List Price

24 Days on Market

Highlights

  • 0.71 Acre Lot
  • Courtyard
  • Heating Available

About This Home

As of June 2025

16 UNIT USDA RENTAL SUBSIDIZED UNITS. THERE ARE 8 1 BEDRM AND 8 2 BEDRM UNITS WITH FULL OCCUPANCY. THIS PROJECT MAY REMAIN IN THE PROGRAM OR BE PURCHASED OUT. ALL UNITS INTERIOR WERE COMPLETLY RENOVATED IN 1998. THERE IS NEED FOR ROOF WORK ON 3 OF THE UNITS AND THE SELLER IS OFFERING A $45,000 BUYER CREDIT UPON PURCHASE FOR SAME. THESE OPORTUNITIES DO NOT COME ALONG OFTEN. CALL AN AGENT TODAY.

Last Agent to Sell the Property

Ron Lenington

Lenington Realty License #471000902 Listed on: 09/23/2021

Last Buyer's Agent

Ron Lenington

Lenington Realty License #471000902 Listed on: 09/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,266

Year Built

  • Built in 1974

Lot Details

  • 0.71 Acre Lot
  • Lot Dimensions are 165 x 185.5

Home Design

  • Mixed Use

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 24 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating Available

Additional Features

  • 2-Story Property
  • Courtyard

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $4,826
  • Insurance Expense $3,970
  • Maintenance Expense $12,010
  • Other Expense $58,602
  • Trash Expense $2,928
  • Water Sewer Expense $8,132
  • Operating Expense $80,782
  • Gross Income $108,960
  • Net Operating Income $25,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,266

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 24
  • Refrigerators: 16
  • Ranges: 16
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 408480

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric

Fee Information

  • Trash Expense: 2928
  • Water Sewer Expenses: 8132
  • Janitor Expense: 15873

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.71
  • Lot Dimensions: 165 X 185.5
  • Zoning: OTHER

Rental Info

  • Tenant Pays: None
  • Board Number: 21

Multi Family

  • Net Operating Income: 25558
  • Insurance Expense: 3970
  • ElectricExpense: 4826
  • GrossIncome: 108960
  • Maintenance Expense: 12010
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 80782
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 8266
  • Tax Year: 2020

Range of Values:

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List Price
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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 Change Sq Ft Price
06/02/2025 06/02/25 Sold $1,150,000 0.0% --
06/02/2025 06/02/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $1,150,000 0.0% --
11/08/2024 11/08/24 Price Changed $649 -7.2% $1 / Sq Ft
09/28/2024 09/28/24 Price Changed $699 +6.7% $1 / Sq Ft
09/17/2024 09/17/24 Price Changed $655 +9.3% $1 / Sq Ft
07/24/2024 07/24/24 Price Changed $599 +13.2% $1 / Sq Ft
06/15/2024 06/15/24 Price Changed $529 -14.7% $1 / Sq Ft
05/24/2024 05/24/24 Price Changed $620 +17.2% $1 / Sq Ft
10/23/2023 10/23/23 Price Changed $529 -11.7% $1 / Sq Ft
10/18/2023 10/18/23 For Rent $599 0.0% --
10/25/2022 10/25/22 Sold $290,000 -29.0% --
10/19/2021 10/19/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $408,480 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11228573

Midwest Real Estate Data (MRED)