NOT LISTED FOR SALE

Estimated Value: $431,000 - $475,809

5 Beds
5 Baths
2,162 Sq Ft
$211/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $442,000 $204 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,306/month

80 Days on Market

About This Home

As of May 2023

Calling 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!

Last Listed By

Shannon Collins

Green Street Realty License #475178418 Listed on: 12/05/2022

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,028

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Four Plus One
  • Stories: 2
  • Year Built: 1909
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 10 JOHNSON'S, JAMES, HEIRS SUB
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 490000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Forced Air,Gas

Fee Information

  • Trash Expense: 448
  • Water Sewer Expenses: 732
  • Janitor Expense: 1556
  • Operating Expense Includes: Cable TV,Insurance,Maintenance,Maintenance Grounds,Professional Management,Snow Removal,Supplies,Trash,Utilities,Water/Sewer,Electricity,Gas,Real Estate Tax,Telephone

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 140X52.5
  • Lot Size Sq Ft: 7339
  • Zoning: MULTI

Building Info

  • BuildingAreaTotal: 2162

Rental Info

  • Board Number: 22
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 20174
  • Fuel Expense: 1772
  • Insurance Expense: 879
  • ElectricExpense: 1772
  • GrossIncome: 36530
  • Maintenance Expense: 1386
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 18264
  • Expense Year: 2022
  • Type Multi-Family: Four Plus One

Tax Info

  • Tax Annual Amount: 8028.18
  • Tax Year: 2021

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
$455,603

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
-6.47%

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

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
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

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
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11683209

Midwest Real Estate Data (MRED)

APN: 92-21-17-102-011