NOT LISTED FOR SALE

907 3rd St Unit 913 McHenry, IL 60050

Estimated Value: $357,135 - $395,000

6 Beds
4 Baths
-- Sq Ft
8,668 Sq Ft Lot

Last Sold April 30, 2024

Last sale price $357,000

Est. 7% increase in value since last sale

Current estimated payment $2,834/month

4 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Forced Air Heating System
  • Ranch Style House
  • Shed
  • 1-minute walk to Jaycee Park

About This Home

As of April 2024

Here's your chance! Fully Leased 4 Unit Ranch Building in the Heart of Mchenry! Walking distance to Restaurants-The River Walk Area-Schools-Stores-Parks & so so Much More! Electric & Gas Separated on each Unit, on City Water & Sewer., NO Stairs! Immediate Income Producing Building! Not Much Inventory Out There so Come see This One Soon! Great Opportunity for an Investment. Notice Needed for All Showings. Roof 2012, Furnace & Air 2018

Last Listed By

Jay Nalley

Nalley Realty License #471002877 Listed on: 03/28/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,036

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 132x65
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Multiple Water Heaters
  • Cable TV Available

Additional Features

  • Crawl Space
  • Shed
  • Property is near a park

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,036

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 310000
  • Lot Features: Corner Lot
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • OpenParkingSpaces: 4
  • Parking Features: Assigned
  • ParkingTotal: 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

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 15

Lot Info

  • Lot Dimensions: 132X65
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8036.4
  • Tax Year: 2022

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2024
Sold by
Kaplan Michael and Kaplan Matthew
Bought by
Rekap Ventures Llc-I
Total Days on Market
4
Current Estimated Value
$381,034

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 24, 2024
Sold by
Browne Anthony James and Smith Maria Browne
Bought by
Kaplan Michael and Kaplan Matthew
Seller's Agent
Jay Nalley
Nalley Realty
Buyer's Agent
Michael Kaplan
Compass
List Price
$310,000
Sold Price
$357,000
Premium/Discount to List
$47,000
15.16%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$267,750
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2000
Sold by
Gelwicks David W and Gelwicks Sandra J
Bought by
Browne Anthony James and Smith Maria Browne

Purchase Details

Closed on
Dec 28, 1998
Sold by
Bolger William J
Bought by
Gelwicks David W and Gelwicks Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
6.83%
Mortgage Type
Commercial

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
Rekap Ventures Llc-I -- None Listed On Document
Kaplan Michael $357,000 Heritage Title
Browne Anthony James $220,000 --
Gelwicks David W $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaplan Michael $267,750
Previous Owner Gelwicks David W $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $357,000 0.0% --
04/02/2024 04/02/24 Pending -- -- --
03/29/2024 03/29/24 Off Market $357,000 -- --
03/28/2024 03/28/24 For Sale $310,000 -- --
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
2023 $8,424 $91,189 $18,238 $72,951
2022 $8,036 $84,599 $16,920 $67,679
2021 $7,708 $78,785 $15,757 $63,028
2020 $7,477 $75,501 $15,100 $60,401
2019 $7,393 $71,694 $14,339 $57,355
2018 $6,805 $59,379 $15,093 $44,286
2017 $6,578 $55,729 $14,165 $41,564
2016 $6,405 $52,083 $13,238 $38,845
2013 -- $76,767 $13,034 $63,733
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12015408

Midwest Real Estate Data (MRED)

APN: 09-35-130-007