NOT LISTED FOR SALE

940 Mcclaran Ave Unit 942 Aurora, IL 60506

Pine Knoll Neighborhood

Estimated Value: $350,000 - $411,022

4 Beds
2 Baths
-- Sq Ft
0.39 Acres

Last Sold January 26, 2024

Last sale price $365,000

Est. 6% increase in value since last sale

Current estimated payment $2,562/month

2 Days on Market

Highlights

  • Multiple Garages
  • Ranch Style House
  • 2 Car Attached Garage
  • Landscaped Professionally
  • Enclosed patio or porch
  • Forced Air Heating System

About This Home

As of January 2024

An Investor's Gem! This beautifully maintained ranch duplex offers immediate move-in readiness. Comprising two adjacent ranch-style units connected by individual garages, each unit boasts 2 bedrooms, 1 bath, a charming screened porch, and a single-car garage. Inside, spacious living rooms and kitchens grace both units, accompanied by a convenient laundry/mud room that flows seamlessly into the garage. Outside, ample yard space awaits, tucked away on a peaceful dead-end street ensuring utmost privacy. The property's versatility shines through-reside in one unit while generating income from the other. Each unit features several upgrades, including modern HVAC systems and water heaters. Appliances such as washers, dryers, and more are thoughtfully included. Additionally, a walk-up attic accessible from the garage completes this remarkable investment opportunity. This property is located near Aurora University as well.

Last Agent to Sell the Property

Jennifer Strubler

Berkshire Hathaway HomeServices Starck Real Estate License #475164845 Listed on: 01/11/2024

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

Rachel Jenness

john greene, Realtor License #475188894

john greene, Realtor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,641

Year Built

  • Built in 1974

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 140x120.65
  • Landscaped Professionally

Parking

  • 2 Car Attached Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Freeman Elementary School
  • Washington Middle School
  • West Aurora High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Enclosed patio or porch

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,641

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1974
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Room Type: Enclosed Porch
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Screened Patio
  • List Price: 350000
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Schools

  • Elementary School: Freeman Elementary School
  • High School: West Aurora High School
  • Middle/Junior School: Washington Middle School
  • Middle/Junior School District: 129

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.39
  • Lot Dimensions: 140X120.65
  • Zoning: OTHER
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 4641
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Jan 25, 2024
Sold by
Madsen Marc H
Bought by
Anderson Kenneth W
Seller's Agent
Jennifer Strubler
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Rachel Jenness
john greene, Realtor
List Price
$350,000
Sold Price
$365,000
Premium/Discount to List
$15,000
4.29%
Views
54
Current Estimated Value
$387,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,006
Avg. Annual Appreciation
3.90%
Original Mortgage
$352,818
Outstanding Balance
$346,518
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$40,488

Purchase Details

Closed on
Jun 6, 2008
Sold by
Rhoads Pamela J
Bought by
Madsen Marc H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2006
Sold by
Rhoads Ronald
Bought by
Rhoads Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Anderson Kenneth W $365,000 None Listed On Document
Madsen Marc H $250,000 First American Title
Rhoads Pamela J $210,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Kenneth W $352,818
Previous Owner Madsen Marc H $200,000
Previous Owner Rhoads Pamela J $189,000
Previous Owner Rhoads Ronald $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $365,000 +4.3% --
01/14/2024 01/14/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $350,000 -- --
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
2024 $5,098 $77,158 $13,260 $63,898
2023 $4,928 $68,941 $11,848 $57,093
2022 $4,641 $62,902 $10,810 $52,092
2021 $4,452 $58,562 $10,064 $48,498
2020 $4,242 $54,395 $9,348 $45,047
2019 $4,128 $50,398 $8,661 $41,737
2018 $4,073 $48,298 $8,011 $40,287
2017 $3,567 $41,001 $7,381 $33,620
2016 $3,450 $38,245 $6,327 $31,918
2015 -- $33,813 $5,441 $28,372
2014 -- $31,084 $5,233 $25,851
2013 -- $47,629 $5,158 $42,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11953287

Midwest Real Estate Data (MRED)

APN: 15-30-327-004