NOT LISTED FOR SALE

875 N Birch Dr Lena, IL 61048

Studio
-- Bath
7,152 Sq Ft
1982 Built

Last Sold June 30, 2023

Last sale price $475,000 $66 Per Sq Ft

4 Days on Market

Highlights

  • Balcony
  • Brick or Stone Mason
  • Coin Laundry
  • Lena-Winslow Elementary School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of June 2023

Great investment opportunity, 8 unit apartment building with excellent rental history. All apartments are 2 bedrooms, 1 bathroom. Each unit comes with stove, refrigerator, and wall a/c. New leased laundry system on each floor projected to cover common area utilities and maintenance expense. New upper steel roof 2022. Location, location, location / it's spelled, Lena, Lena, Lena. Excellent schools. Near By: 27 holes of golf, Lake Laquana state park, camping, fishing, boating, hiking: public water park, bowling, miniature golf. antiques, fine dining, Fresh air, country living.

Last Agent to Sell the Property

Kevin Althafer

Wingert Real Estate LLC License #475130779 Listed on: 06/01/2023

Last Buyer's Agent

Tracy Shuman

Re/Max Professional Advantage License #475186887

Re/Max Professional Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,017

Year Built

  • Built in 1982

Parking

  • 16 Car Parking Spaces

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 7,152 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Stove
  • Range

Outdoor Features

  • Balcony

Schools

  • Lewin Elementary And Middle School
  • Lewin High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

Overview

  • 8 Units
  • 2-Story Building

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,017

Year Built

Built in 1982

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3576
  • Front: 100
  • General Features: Balcony, Laundry in Building
  • Legal Description: LOT 83 PARKSIDE SUB PLAT # 1
  • Lvt Date: 06/02/2023
  • Rear: 100
  • Side 1: 185.99
  • Side 2: 185.99
  • Style: 2 Story
  • Type: 5+ Units
  • Maintenance Yr: 2000
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 9
  • Number Of Units In Bldg: 8
  • Utilities Yr: 1812
  • Agent Only_ L A1 User Code: 110352
  • Elementary School: LeWin
  • Estimated Total Finished Sq Ft: 7152
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Great investment opportunity, 8 unit apartment building with excellent rental history. All apartments are 2 bedrooms, 1 bathroom. Each unit comes with stove, refrigerator, and wall a/c. New leased laundry system on each floor projected to cover common area utilities and maintenance expense. New upper steel roof 2022. Location, location, location / it's spelled, Lena, Lena, Lena. Excellent schools. Near By: 27 holes of golf, Lake Laquana state park, camping, fishing, boating, hiking: public water park, bowling, miniature golf. antiques, fine dining, Fresh air, country living.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 7152
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior: Brick/Stone, Wood
  • Roof: Metal, Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 16

Utilities

  • Cooling: Wall Unit, Window Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Building Info

  • Year Built: 1982

Tax Info

  • Year: 2022
  • Taxes: 8017

MLS Schools

  • HighSchool: LeWin
  • School District: LeWin
  • Middle School: LeWin
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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
06/30/2023 06/30/23 Sold $475,000 -5.0% $66 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $500,000 -- $70 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $8,765 $92,585 $8,094 $84,491
2023 $8,801 $83,500 $7,300 $76,200
2022 $8,017 $83,500 $7,300 $76,200
2021 $7,288 $75,897 $7,283 $68,614
2020 $7,381 $75,897 $7,283 $68,614
2019 $7,291 $74,409 $7,140 $67,269
2018 $7,121 $71,893 $6,899 $64,994
2017 $7,160 $71,893 $6,899 $64,994
2016 $7,143 $71,893 $6,899 $64,994
2015 $7,183 $71,181 $6,831 $64,350
2013 $7,528 $72,991 $3,632 $69,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202302947

NorthWest Illinois Alliance of REALTORS®
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