NOT LISTED FOR SALE

28184 Bowman Ave Alvin, IL 61811

-- Bed
-- Bath
-- Sq Ft
5.8 Acres

Last Sold April 01, 2024

Last sale price $900,000

64 Days on Market

About This Home

As of April 2024

This apartment complex is more than just a property; it's an opportunity to secure a wise investment. With substantial upgrades and maintenance already in place, this offering is poised for immediate returns. A total of 18 units spread across 5 different buildings, offering a mix of townhome and cottage-style apartments. One unit used as owners workshop/ storage, could easily be turned back into a rentable unit. 2-3 bedrooms, 1-2 bath units. Monthly Rent Roll: $12,620. Highly sought after Bismark- Henning School District. Property has already been appraised, reach out to agent receive the copy of the appraisal.

Last Listed By

Ashley Lamb

Brinkoetter REALTORS® License #475182829 Listed on: 08/23/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,825

Year Built

  • Built in 1975

Lot Details

  • 5.8 Acre Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Oven

Utilities

  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 14-17-400-012

Community Details

Overview

  • 19 Units

Building Details

  • Operating Expense $80,066
  • Net Operating Income $64,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,825

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Co List Office Mls Id: 3850
  • Co List Office Phone: 217-875-0555
  • Lot Size Acres: 5.8
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1975
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Oven, Refrigerator
  • Owner Pays: Other
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Roof: Shingle
  • Waterfront: No

Utilities

  • Cooling: Other
  • Water Source: Well
  • Sewer: Septic Tank

Schools

  • Junior High Dist: Bismarck-Henning Dist. 1

Lot Info

  • Lot Size Sq Ft: 59664.0
  • Parcel #: 14-17-400-012
  • Zoning: Other
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 64113.0
  • Number Of Units Total: 19
  • Annual Operating Expense: 80066.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10824.74

Range of Values:

Collateral Analytics

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $900,000 +3.4% --
10/27/2023 10/27/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $870,000 -- --
Source: Central Illinois Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ashley Lamb

    Seller's Agent in 2024

    Ashley Lamb

    Brinkoetter REALTORS®

    (217) 412-6064

    14 Total Sales

    Ashley Lamb
    Section Image
  • Tony Piraino

    Seller Co-Listing Agent in 2024

    Tony Piraino

    Brinkoetter REALTORS®

    (855) 539-8326

    660 Total Sales

    Tony Piraino
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6228682

Illinois Vermilion County Alvin 61811

28184 Bowman Ave, Alvin, IL

Homes for Sale in Alvin, IL

This home is located at 28184 Bowman Ave, Alvin, IL 61811 since 23 August 2023. This property was built in 1975. 28184 Bowman Ave is a home located in Vermilion County with nearby schools including Bismarck-Henning Elementary School, Bismarck-Henning Junior High School, and Bismarck-Henning Rossville-Alvin Cooperative High School.

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