NOT LISTED FOR SALE

901 Minns Dr Machesney Park, IL 61115

Estimated Value: $383,332 - $469,000

8 Beds
8 Baths
-- Sq Ft
0.46 Acres

Last Sold January 11, 2019

Last sale price $240,000

Est. 78% increase in value since last sale

Current estimated payment $3,003/month

83 Days on Market

Highlights

  • Contemporary Architecture
  • 4 Car Attached Garage
  • Two Heating Systems
  • Corner Lot

About This Home

As of January 2019

One of the nicest investment properties we have offered for sale in years. Only 13 years old with 2 bedroom, 2 bath units, each with it's own attached garage and separate utilities. Low maintenance vinyl exterior, blacktop drive and parking, central air and professional management in place. This will cash flow from day 1.

Last Agent to Sell the Property

Dick Eckberg

Key Realty License #471005926 Listed on: 09/18/2018

Key Realty

Last Buyer's Agent

John Murray

Key Realty License #471000873

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,276

Year Built

  • Built in 2005

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100.58x164.68x191.58x125.69
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $35,760
  • Net Operating Income $19,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,276

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Year Built: 2005
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 8
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 5

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 257500
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved

Fee Information

  • Other Expenses $: 15910

Schools

  • Middle/Junior School District: 122

Lot Info

  • Lot Size Acres: 0.46
  • Lot Dimensions: 100.58X164.68X191.58X125.69
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 19850
  • GrossIncome: 35760
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 8276
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2018
Closed on
Jan 9, 2019
Sold by
Wind River Properties Llc
Bought by
815 Platinum Properties Llc
Seller's Agent
Dick Eckberg
Key Realty
Buyer's Agent
John Murray
Key Realty
List Price
$257,500
Sold Price
$240,000
Premium/Discount to List
-$17,500
-6.8%
Current Estimated Value
$427,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,083
Avg. Annual Appreciation
8.89%
Original Mortgage
$180,000
Interest Rate
5.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Bought by
Wright Gregory
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
815 Platinum Properties Llc $240,000 Title Underwriters Agency
815 Platinum Properties Llc $240,000 None Listed On Document
Wright Gregory $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 815 Platinum Properties Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2019 01/11/19 Sold $240,000 -6.8% --
12/10/2018 12/10/18 Pending -- -- --
09/18/2018 09/18/18 For Sale $257,500 -- --
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 $9,172 $115,200 $18,595 $96,605
2023 $8,829 $102,309 $16,514 $85,795
2022 $8,773 $93,314 $15,062 $78,252
2021 $8,188 $86,788 $14,009 $72,779
2020 $7,559 $82,671 $13,344 $69,327
2019 $7,816 $79,187 $12,782 $66,405
2018 $8,392 $76,591 $12,363 $64,228
2017 $8,277 $74,490 $12,024 $62,466
2016 $8,171 $73,008 $11,785 $61,223
2015 $4,063 $71,731 $11,579 $60,152
2014 $7,924 $71,731 $11,579 $60,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10086505

Midwest Real Estate Data (MRED)

APN: 08-30-203-011