Estimated payment $1,914/month
Highlights
- Hot Property
- 2 Car Detached Garage
- Ceiling Fan
- Corner Lot
- Forced Air Heating System
- Fenced
About This Home
Positioned for both new and seasoned investors, this well-maintained two-unit property offers strong income potential in a convenient Cortland location. Each unit features 2 bedrooms and 1 bath, with the main level offering flexibility for a possible third bedroom. A full basement provides excellent storage and shared laundry access, while a detached two-car garage and additional parking ensure ample space for tenants. Recent updates include a newer HVAC system (2023), electrical improvements, and a radon mitigation system for added peace of mind. The lower unit has been refreshed with updated appliances, and both units reflect pride of ownership throughout. Enjoy a spacious fenced backyard and easy access to downtown Cortland and the local library. A clean, turnkey opportunity you won't want to miss.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,835
Year Built
- Built in 1960
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 89.70 x 132
- Fenced
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Available
- Garage Door Opener
- Driveway
- Off-Street Parking
- Assigned Parking
Home Design
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- Ceiling Fan
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Gross Income $21,900
Home Values in the Area
Average Home Value in this Area
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 | $4,522 | $73,324 | $20,023 | $53,301 |
| 2024 | $4,835 | $55,138 | $18,824 | $36,314 |
| 2023 | $4,835 | $51,584 | $17,611 | $33,973 |
| 2022 | $4,906 | $49,231 | $16,808 | $32,423 |
| 2021 | $4,966 | $46,873 | $16,003 | $30,870 |
| 2020 | $4,976 | $45,411 | $15,504 | $29,907 |
| 2019 | $4,171 | $43,505 | $14,853 | $28,652 |
| 2018 | $4,023 | $41,144 | $14,047 | $27,097 |
| 2017 | $3,948 | $39,170 | $13,373 | $25,797 |
| 2016 | $3,752 | $36,814 | $12,569 | $24,245 |
| 2015 | -- | $34,570 | $11,803 | $22,767 |
| 2014 | -- | $33,272 | $11,360 | $21,912 |
| 2013 | -- | $34,479 | $11,772 | $22,707 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $285,000 | +29.5% | -- | |
| 11/27/2024 11/27/24 | Sold | $220,000 | 0.0% | -- | View Prior Sale |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- | |
| 09/24/2024 09/24/24 | For Sale | $220,000 | +96.8% | -- | |
| 07/19/2019 07/19/19 | Sold | $111,800 | -13.9% | -- | View Prior Sale |
| 05/22/2019 05/22/19 | Pending | -- | -- | -- | |
| 04/09/2019 04/09/19 | Price Changed | $129,900 | -4.5% | -- | |
| 03/07/2019 03/07/19 | Price Changed | $136,000 | -3.5% | -- | |
| 11/24/2018 11/24/18 | For Sale | $141,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | Home Title Group Of Illinois | |
| Warranty Deed | $220,000 | Home Title Group Of Illinois | |
| Warranty Deed | $112,000 | Chicago Title | |
| Trustee Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $216,015 | FHA | |
| Closed | $216,015 | FHA | |
| Previous Owner | $89,440 | Adjustable Rate Mortgage/ARM |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12620580
APN: 09-29-205-013
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
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