Estimated payment $4,891/month
About This Home
Turn Key Investment opportunity with this 8 unit complex just about as close to campus as you can get! With rents ranging from $725-825, this property rarely has vacancies. 4 (2) bedroom units and 4 (1) bedroom units, laundry and parking on site, coin operated units and parking spots for each tenant in the lot. Tenants pay all utilities and electric and water separately metered. Fully occupied, good investment opportunity. Driveway redone 2023. Well maintained with misc updates being completed upon turn overs. Show with confidence.
Last Listed By
Weichert REALTORS Signature Professionals License #471001655 Listed on: 02/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,793
Year Built
- 1940
Home Design
- Vinyl Siding
Additional Features
- 2-Story Property
- Lot Dimensions are 76x257
- Heating Available
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,400
- Fuel Expense $360
- Insurance Expense $4,805
- Maintenance Expense $900
- Other Expense $940
- Trash Expense $1,116
- Water Sewer Expense $120
- Operating Expense $25,433
- Gross Income $74,500
- Net Operating Income $44,681
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 |
|---|---|---|---|---|
| 2024 | $15,730 | $191,654 | $14,067 | $177,587 |
| 2023 | $15,730 | $167,106 | $12,265 | $154,841 |
| 2022 | $15,418 | $152,567 | $13,997 | $138,570 |
| 2021 | $15,835 | $143,094 | $13,128 | $129,966 |
| 2020 | $16,192 | $140,813 | $12,919 | $127,894 |
| 2019 | $15,875 | $135,280 | $12,411 | $122,869 |
| 2018 | $15,501 | $130,693 | $11,990 | $118,703 |
| 2017 | $15,648 | $125,631 | $11,526 | $114,105 |
| 2016 | $15,475 | $122,459 | $11,235 | $111,224 |
| 2015 | -- | $111,013 | $10,645 | $100,368 |
| 2014 | -- | $112,441 | $10,782 | $101,659 |
| 2013 | -- | $118,111 | $11,326 | $106,785 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | For Sale | $639,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $326,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Future Advance Clause Open End Mortgage | |
| Open | $4,320,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12287768
APN: 08-22-251-004
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 501 College Ave
- 208 John St
- 345 Augusta Ave
- 317 Augusta Ave
- 141 Park Ave
- 336 College Ave
- 325 College Ave
- 230 Augusta Ave
- 305 College Ave
- 208 W Locust St
- 221 Thornbrook Rd
- 135 Thornbrook Rd
- 115 Thornbrook Rd
- 315 E Lincoln Hwy
- 623 Dekalb Ave
- TBD Illinois 23
- 0000 Illinois 23
- 303 Fisk Ave
- 330 Grove St
- 717 N 1st St