Seller's Agent in 2023
John Armstrong
RE/MAX
(309) 275-9333
223 Total Sales
836 Deerfield Rd Chatham, IL 62629
Estimated Value: $401,450 - $458,000
8
Beds
4
Baths
3,600
Sq Ft
$119/Sq Ft
Est. Value
About This Home
As of October 2023A rare find in Chatham! Calling all investors looking to add to their portfolio. This 4-plex is fully rented. 3 out of the 4 units were renovated in 2023. The 3 units have seen massive upgrades including: life proof vinyl plank flooring, stainless steel appliances, washer+dryers, plumbing fixtures, ceiling fans, paint and doors+trim where needed. The entrance corridor has been revamped with life proof vinyl plank flooring, paint, hardwood stairs and 100% mechanical stainless steel keyless entry pin pads for all units (this is great because you don't have to keep track of keys for all the units). Ample, on site parking for all the units, each unit is provided a parking space and there is also 24/7 street parking. There is a large back and side yard. The lower units have backyard concrete patios and the upper units have access to the large deck that is perfect for over looking the backyard and grilling out. You'll find this property next to desirable new construction homes and just minutes away from Chatham District #5 schools and nearby parks. Investors, this is a true 7.5 cap! The current gross income is $52,200 with room to improve! The 3 updated units rent for $1,200/month and the other unit rents for $750/month. Don't miss out on this opportunity to own a cash flowing property in desirable Chatham, Illinois! 24hr notice and proof of pre approval needed for showings. *Back on the market due to buyer not being able to secure financing* Located in Sangamon County.
Last Agent to Sell the Property
RE/MAX Rising License #471018921 Listed on: 09/21/2023
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,235
Year Built
- Built in 1978
Lot Details
- 0.47
Home Design
- Traditional Architecture
- Vinyl Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Schools
- Glenwood Elementary School
- Glenwood Middle School
- Chatham District #5 High School
Utilities
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
- Walnut Park Subdivision
Building Details
- Gross Income $52,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 8, 2022
Sold by
Blackwolf Ii Llc
Bought by
Verb Real Estate Llc
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
$140,000
Outstanding Balance
$131,424
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$235,221
Purchase Details
Closed on
Dec 28, 2011
Purchase Details
Closed on
Dec 30, 1999
Purchase Details
Closed on
Oct 18, 1993
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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 |
|---|---|---|---|
| Verb Real Estate Llc | $175,000 | Hart Southworth & Witsman | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Verb Real Estate Llc | $140,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2023 10/23/23 | Sold | $425,000 | -1.1% | $118 / Sq Ft |
| 09/23/2023 09/23/23 | Pending | -- | -- | -- |
| 09/21/2023 09/21/23 | For Sale | $429,900 | -- | $119 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $7,153 | $99,093 | $16,592 | $82,501 |
| 2023 | $6,794 | $89,799 | $15,036 | $74,763 |
| 2022 | $6,471 | $83,768 | $14,026 | $69,742 |
| 2021 | $6,197 | $79,552 | $13,320 | $66,232 |
| 2020 | $6,066 | $78,046 | $13,068 | $64,978 |
| 2019 | $5,844 | $76,576 | $12,822 | $63,754 |
| 2018 | $5,730 | $76,599 | $12,826 | $63,773 |
| 2017 | $5,673 | $76,599 | $12,826 | $63,773 |
| 2016 | $5,600 | $75,758 | $12,685 | $63,073 |
| 2015 | $5,511 | $73,523 | $12,311 | $61,212 |
| 2014 | $5,370 | $71,229 | $11,927 | $59,302 |
| 2013 | $5,196 | $69,121 | $11,574 | $57,547 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2023
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11890567
APN: 29-07.0-255-014
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