Sold
Last Sold Price
204 N Oak St, Normal, IL 61761
Multi FamilyProperty Type
0.4 acresLot Size
1975Year Built
28 carsParking Spaces

Description

Great Location for Grads , Teachers ,Students , Local Employ's . This building has Great Potential in that it could easily be converted into 2 units made into 1 and charge $450/ each ,turning 2 $600 units being $ 1200 to $1800 / month similar to campus rentals adding 33% to cash flow. Currents rents vary do to longer terms were not raised to newer rates. The extra expenses of $4,480 were for $4,000 for Reserve allowance ,and $480 for lawn & snow (1 exception) $570,000. as is ,at bottom$$$, great...Great Location for Grads , Teachers ,Students , Local Employ's . This building has Great Potential in that it could easily be converted into 2 units made into 1 and charge $450/ each ,turning 2 $600 units being $ 1200 to $1800 / month similar to campus rentals adding 33% to cash flow. Currents rents vary do to longer terms were not raised to newer rates. The extra expenses of $4,480 were for $4,000 for Reserve allowance ,and $480 for lawn & snow (1 exception) $570,000. as is ,at bottom$$$, great deal allows new owner to invest in improvements for total re-model for student rentals

    Sold By Coldwell Banker The Real Estate Group

    • Listed by: Larry 309.824.2700 lfoster@coldwellhomes.com • Coldwell Banker The Real Estate Group
    Listing closed: 02/29/2016 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10209822

    Recent comparable sales

    Median sold price

    $490,000

    Normal, IL

    9 comparable properties found

    1

    $455,000

    Sold 02/20/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    2

    $649,000

    Sold 09/18/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.16
    Acres
    3

    $545,500

    Sold 03/26/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.25
    Acres
    4

    $490,000

    Sold 10/31/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.16
    Acres
    5

    $475,000

    Sold 08/13/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.16
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    6

    $501,500

    Sold 04/24/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.25
    Acres
    7

    $491,000

    Sold 11/07/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.21
    Acres
    8

    $460,000

    Sold 08/21/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.17
    Acres
    9

    $439,500

    Sold 05/23/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.4
    Acres

    Location

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    Principal and Interest

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    Property Taxes

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    Property Information for 204 North Oak Street

    Property Details
    • Taxes: $16,893 / year
    • MLS Type: Multi Family 5+ / Flats
    • Area: Normal
    • Township: DRY GROVE
    • Air Conditioning Type: Wall Sleeve
    • Num of Interior Fireplaces: 0
    Building Information
    • Stories: 2
    • Residences: 16
    • Year Built: 1975
    • Lot Size: 0.40 AC / 17,424 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 19-30 Spaces,Paved
    Location and General Information
    • BNAR Zoning: R3A
    Property Information
    Interior Features
    • Air Conditioning: Wall Sleeve
    • Basement Description: Other, None
    • Heat/Ventilation: Hot Water
    • Misc Inside: Laundry Room,Inside Corridor/s
    • Num of Baths: 0.0
    Utilities / Equipment
    • Utilities: Water-Municipal, Sanitary Sewer
    Property/Lot Information
    • Multi-Family Type: Flats
    • Lot Dimensions: 132 X 132
    • Lot Size Square Feet: 17424.0
    • Stories: 2
    • Exterior Building Type: Brick
    • Building Area Total: 9496
    • Conversion: N
    Property and Assessments
    • Buyer Financing: Conventional
    • Photos Count: 3
    • Deconversion: N
    • Relist: N
    Virtual Tour/Additional Media
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 16
    Income & Expenses
    • Electric Expense: $2,300.00
    • Fuel Expense: $5,100.00
    • Gross Income: $10,428.00
    • Gross Scheduled Income: $72,279.00
    • Insurance Expense: $2,526.00
    • Maintenance Expense: $8,342.00
    • Manager Expense: $6,256.00
    • Net Operating Income: $45,585.00
    • Operating Expense: $62,295.00
    • Other Expense: $6,064.00
    • Water Sewer Expense: $9,600.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • # Of Rooms - Unit 1: 4
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 450
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • # Of Rooms - Unit 2: 5
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 600

    Property History for 204 North Oak Street

    DateEvent & SourcePriceAppreciation
    Feb 29, 2016

    Sold

    MRED #10209822

    $585,000
    Feb 16, 2016

    Sold (Public Record)

    Public Record #1083052711

    $535,000
    Dec 12, 2015

    Pending

    MRED #10209822

    DateEvent & SourcePrice
    02/29/2016

    Sold

    MRED #10209822

    $585,000
    02/16/2016

    Sold (Public Record)

    Public Record #1083052711

    $535,000
    12/12/2015

    Pending

    MRED #10209822

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 204 North Oak Street

    Taxable ValueLand$65,771Additions$149,063Total$214,834
    Tax Record2024$19,481 ($1,623 / month)
    Home Facts
    Total Finished SqFt9,496 SqFtAbove Grade Finished SqFt9,496 SqFtStories2Lot Size17,424 SqFtStyleCommercialYear Built1975Year Renovated1975ZoningR-3ACountyMCLEANAPN14-27-160-001

    Schools near 204 North Oak Street

    This home is within Mclean County Community Unit School District 5.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 12
    Rating
    School
    Distance
    Glenn Elementary School
    PublicK to 5

    Kingsley Jr High School
    Public6 to 8

    Normal Community West High School
    Public9 to 12

    Eugene Field School
    Public12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Coldwell Banker The Real Estate Group

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 06:50 AM. 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.