NOT LISTED FOR SALE

902 Railroad Ave Normal, IL 61761

Estimated Value: $221,000 - $281,000

4 Beds
4 Baths
-- Sq Ft
10,454 Sq Ft Lot Lot

Sale Details

Date Sold: January 31, 2023

Last sale price $209,500

Est. 17% increase in value since last sale

Current estimated payment $1,657 / mo

1 Day on Market

Highlights

  • Traditional Architecture
  • Handicap Shower
  • Forced Air Heating System
  • Balcony

About This Home

As of January 2023

Well maintained two-unit multi-family property on a crawl with 4+/- parking spots in an off-street parking lot. All utilities are separated (tenants pay all utilities), owner has one deposit that shall be transferred to the buyer at closing. Current owner is related to one tenant & current leases/contract rent is below market rent (estimated at $875 each per a recent market rent analysis). Current owner has installed both furnaces & the roof in '13+/-, both water heaters in '21+/-, recently replaced the metal siding on the mansard-style roof line/second story & replaced the carpet in Unit #2 in '19+/-. One electric panel has been updated, while the other is fuses. Property being sold "as is" "where is". Both tenants have been renting for 3+/- years. The current owner has informed both tenants that rent would be going up if sold or not in 2023. Gas & electric providers are estimated by the owner. Earnest Money to be held by Seller's Attorney Todd Bugg.

Last Agent to Sell the Property

David Mandros

M F Mandros & Associates License #475123138 Listed on: 12/26/2022

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,723

Year Built

  • Built in 1972

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 79.4 x 137

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Schools

  • Oakdale Elementary School
  • Kingsley Jr High Middle School
  • Normal Community West High Schoo

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Handicap Shower
  • Balcony

Community Details

  • 2 Units
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,723

Year Built

Built in 1972

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Crawl,Slab,None
  • Bathroom Amenities: Handicap Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Range Hood

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Block
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Steel Siding,Brick,Other

Garage/Parking

  • Parking Features: Unassigned, Off Street, Parking Lot
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Oakdale Elementary
  • High School: Normal Community West High Schoo
  • Middle/Junior School: Kingsley Jr High

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 79.4 X 137
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23

Multi Family

  • GrossIncome: 15600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Tax Info

  • Tax Annual Amount: 3723
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2025
Sold by
Ar Real Estate Llc
Bought by
Ar Real Estate Llc-902 Railroad Avenue
Current Estimated Value
$244,718

Purchase Details

Listed on
Dec 26, 2022
Closed on
Jan 31, 2023
Sold by
Brown Robert
Bought by
Ar Real Estate Llc
Seller's Agent
David Mandros
M F Mandros & Associates
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$212,000
Sold Price
$209,500
Premium/Discount to List
-$2,500
-1.18%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$167,600
Interest Rate
5.69%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Ar Real Estate Llc-902 Railroad Avenue -- None Listed On Document
Ar Real Estate Llc $234,833 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ar Real Estate Llc $167,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Sold $209,500 -1.2% --
12/28/2022 12/28/22 Pending -- -- --
12/26/2022 12/26/22 For Sale $212,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $4,307 $57,887 $12,901 $44,986
2024 $3,854 $53,040 $11,821 $41,219
2022 $3,854 $42,907 $9,563 $33,344
2021 $3,723 $40,483 $9,023 $31,460
2020 $3,702 $40,062 $8,929 $31,133
2019 $3,577 $39,847 $8,881 $30,966
2018 $3,538 $39,425 $8,787 $30,638
2017 $3,411 $39,425 $8,787 $30,638
2016 $3,374 $39,425 $8,787 $30,638
2015 $3,283 $38,501 $8,581 $29,920
2014 $3,242 $38,501 $8,581 $29,920
2013 -- $38,501 $8,581 $29,920
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Mandros

    M F Mandros & Associates

    (309) 287-1853

    11 Total Sales

    David Mandros
    Section Image
  • Cindy Eckols

    Buyer's Agent in 2023

    Cindy Eckols

    RE/MAX

    (309) 532-1616

    858 Total Sales

    Cindy Eckols
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11691514

Midwest Real Estate Data (MRED)

APN: 14-32-205-001

Illinois Mclean County Normal 61761

902 Railroad Ave, Normal, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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