Seller's Agent in 2023
Shannon Collins
Green Street Realty
(217) 493-3776
15 in this area
111 Total Sales
101 S Busey Ave Urbana, IL 61801
West Urbana NeighborhoodEstimated Value: $431,000 - $475,809
5
Beds
5
Baths
2,162
Sq Ft
$211/Sq Ft
Est. Value
About This Home
As of May 2023Calling all investors! This converted multi-family home is yours for the taking! It has been converted to include 5 (1) bedroom apartments with each featuring their own kitchen, bathroom, and living/bedroom area. This 5-unit is in a desirable location with just a short distance to the University of Illinois engineering building and downtown Urbana. This complex provides a common a laundry area and parking for each apartment. View it today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,028
Year Built
- Built in 1909
Lot Details
- 7,339 Sq Ft Lot
- Lot Dimensions are 140x52.5
Home Design
- Quadruplex
Interior Spaces
- 2,162 Sq Ft Home
- 2-Story Property
- Finished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $1,772
- Fuel Expense $1,772
- Insurance Expense $879
- Maintenance Expense $1,386
- Other Expense $9,719
- Trash Expense $448
- Water Sewer Expense $732
- Operating Expense $18,264
- Gross Income $36,530
- Net Operating Income $20,174
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2022
Closed on
May 3, 2023
Sold by
Sbm Investments Llc
Bought by
Central Illinois Mosque & Islamic Center
Seller's Agent
Shannon Collins
Green Street Realty
Buyer's Agent
Patty Bash
Heartland Real Estate of Central Illinois, Inc
List Price
$490,000
Sold Price
$442,000
Premium/Discount to List
-$48,000
-9.8%
Total Days on Market
80
Views
114
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,603
Avg. Annual Appreciation
-6.44%
Purchase Details
Closed on
Dec 8, 2021
Sold by
Mhm Properites & Management Llc
Bought by
Sbm Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
2.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 10, 2010
Sold by
Moeinzadeh Manssour H and Moeinzadeh Mariam N
Bought by
Mhm Properties & Management Llc Series B
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Central Illinois Mosque & Islamic Center | $432,000 | None Listed On Document | |
| Sbm Investments Llc | $2,000,000 | Allied Capital Title | |
| Mhm Properties & Management Llc Series B | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sbm Investments Llc | $844,000 | |
| Previous Owner | Sbm Investments Llc | $422,000 | |
| Previous Owner | Sbm Investments Llc | $3,088,000 | |
| Previous Owner | Mhm Properties & Management Llc | $10,612,000 | |
| Previous Owner | Mhm Properties & Management Llc | $1,950,000 | |
| Previous Owner | Mhm Proprties & Management Llc Series I | $839,500 | |
| Previous Owner | Mhm Properties & Management Llc Series F | $1,840,000 | |
| Previous Owner | Moeinzadeh Manssour H | $1,000,000 | |
| Previous Owner | Moeinzadeh Manssour H | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2023 05/17/23 | Sold | $442,000 | -9.8% | $204 / Sq Ft |
| 02/24/2023 02/24/23 | Pending | -- | -- | -- |
| 12/05/2022 12/05/22 | For Sale | $490,000 | -- | $227 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $9,218 | $86,660 | $58,870 | $27,790 |
| 2022 | $8,638 | $79,800 | $54,210 | $25,590 |
| 2021 | $8,028 | $74,370 | $50,520 | $23,850 |
| 2020 | $7,468 | $69,430 | $47,160 | $22,270 |
| 2019 | $7,255 | $69,430 | $47,160 | $22,270 |
| 2018 | $6,069 | $58,750 | $39,900 | $18,850 |
| 2017 | $6,279 | $58,750 | $39,900 | $18,850 |
| 2016 | $6,244 | $58,750 | $39,900 | $18,850 |
| 2015 | $6,013 | $58,750 | $39,900 | $18,850 |
| 2014 | $5,931 | $55,950 | $38,000 | $17,950 |
| 2013 | $5,853 | $55,950 | $38,000 | $17,950 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon Collins
-
Patty Bash
P
Buyer's Agent in 2023
Patty Bash
Heartland Real Estate of Central Illinois, Inc
(217) 202-7484
3 in this area
66 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11683209
APN: 92-21-17-102-011
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