NOT LISTED FOR SALE

Estimated Value: $926,847

16 Beds
16 Baths
-- Sq Ft
32,365 Sq Ft Lot

Last Sold October 31, 2022

Last sale price $705,000

Est. 31% increase in value since last sale

Current estimated payment $5,967/month

102 Days on Market

About This Home

As of October 2022

Currently managed by Pittsley Realty. New owner may keep the management for an easy turnkey property or change as they see fit.

Last Agent to Sell the Property

Jason Hulst

Charles Rutenberg Realty of IL License #475136862 Listed on: 06/23/2022

Charles Rutenberg Realty of IL

Last Buyer's Agent

Aimee Corbett

Coldwell Banker Real Estate Group License #475174550

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,256

Year Built

  • Built in 1999

Lot Details

  • 0.74

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service

Additional Features

  • 2-Story Property
  • Lot Dimensions are 178x180x178x180

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $453
  • Insurance Expense $2,294
  • Maintenance Expense $5,382
  • Manager Expense $3,157
  • Other Expense $3,635
  • Trash Expense $917
  • Water Sewer Expense $2,924
  • Operating Expense $33,201
  • Gross Income $83,700
  • Net Operating Income $50,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,256

Year Built

Built in 1999

Lot Details

0.74 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1999
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 16
  • Total Bedrooms: 16
  • Basement Description: None
  • Fire Protection: Alarm On Site,Fire Extinguisher/s,Sprinklers-Wet,Sprinklers,Carbon Monoxide Detector(s)
  • Misc Inside: Inside Corridor/s
  • Fireplaces: 8
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 8
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 3157
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 917
  • Water Sewer Expenses: 2924
  • Operating Expense Includes: Advertising,Insurance,Licenses,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Pest Control,Professional Management,Security,Snow Removal,Supplies,Trash,Utilities,Water/Sewer,Electricity,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 178X180X178X180
  • Zoning: MULTI
  • Alternate Phone Number: (815) 766-0704

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 10

Multi Family

  • Net Operating Income: 50499
  • Insurance Expense: 2294
  • ElectricExpense: 453
  • GrossIncome: 83700
  • Maintenance Expense: 5382
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 33201
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12256
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Oct 31, 2022
Sold by
Rushmoore Llc
Bought by
1138 Rushmoore Llc
Seller's Agent
Jason Hulst
Charles Rutenberg Realty of IL
Buyer's Agent
Aimee Corbett
Coldwell Banker Real Estate Group
List Price
$750,000
Sold Price
$705,000
Premium/Discount to List
-$45,000
-6%
Views
24
Current Estimated Value
$926,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,847
Avg. Annual Appreciation
8.33%
Original Mortgage
$564,000
Outstanding Balance
$261,749
Interest Rate
5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$665,098

Purchase Details

Closed on
Jan 6, 2011
Sold by
Hulst Trust
Bought by
Rushmoore Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 2005
Sold by
Hulst Stanley D
Bought by
Hulst Trust
Source: Public Records
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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
1138 Rushmoore Llc $705,000 --
Rushmoore Llc $75,000 --
Hulst Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1138 Rushmoore Llc $564,000
Previous Owner Rushmoore Llc $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $705,000 -6.0% --
10/04/2022 10/04/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $750,000 -- --
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
2024 $12,175 $148,337 $42,381 $105,956
2023 $11,933 $129,338 $36,953 $92,385
2022 $11,933 $118,085 $42,172 $75,913
2021 $12,256 $110,754 $39,554 $71,200
2020 $12,533 $108,988 $38,923 $70,065
2019 $12,287 $104,706 $37,394 $67,312
2018 $14,351 $121,003 $36,126 $84,877
2017 $14,488 $116,316 $34,727 $81,589
2016 $14,328 $113,379 $33,850 $79,529
2015 -- $143,392 $32,073 $111,319
2014 -- $145,237 $32,486 $112,751
2013 -- $152,560 $34,124 $118,436
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11444996

Midwest Real Estate Data (MRED)

APN: 08-15-101-047

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