Sold
Last Sold Price
2,488 sqft$82/sqft
501 E Reeves St, Marion, IL 62959
Multi FamilyProperty Type
0.26 acresLot Size
1993Year Built
$82/sq ftPrice per sq ft

Description

Nice Four-Plex on corner lots, built in 1993. Each unit has two bedrooms, one bath, and two parking spaces. All units are occupied.Nice Four-Plex on corner lots, built in 1993. Each unit has two bedrooms, one bath, and two parking spaces. All units are occupied.
  • Listed by: David Thompson 618.751.9095 dave@davethompsonrealty.net • DAVE THOMPSON REALTY
Listing closed: 10/28/2024 12:00 AM • Source: RMLS ALLIANCE as distributed by MLS GRID, MLS#: EB455089

Recent comparable sales

Median sold price

$179,875

Avg days on market

18

Sale-to-list ratio

93.3%

Marion, IL

9 comparable properties found

$179,875 | 1005 North Whitman Drive, Marion, IL 62959
1/3
1

$179,875

Sold 10/28/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,488
Square Feet
0.24
Acres
$190,000 | 508 East Marion Street, Marion, IL 62959
1/26
2

$190,000

Sold 12/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,048
Square Feet
0.16
Acres
$140,000 | 1101 West Walnut Street, Marion, IL 62959
1/4
3

$140,000

Sold 05/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,408
Square Feet
0.26
Acres
$80,000 | 810 North Van Buren Street, Marion, IL 62959
1/46
4

$80,000

Sold 03/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,297
Square Feet
0.2
Acres
$215,000 | 408 South Van Buren Street, Marion, IL 62959
1/11
5

$215,000

Sold 04/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,700
Square Feet
0.17
Acres
$207,000 | 1005 West Central Street, Unit A&B, Marion, IL 62959
1/21
6

$207,000

Sold 06/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,800
Square Feet
0.32
Acres
$165,000 | 1505 North Glendale Street, Unit A/B, Marion, IL 62959
1/20
7

$165,000

Sold 12/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,302
Square Feet
0.31
Acres
$257,000 | 1010 West Lee Avenue, Unit 14, Marion, IL 62959
1/16
8

$257,000

Sold 05/07/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,120
Square Feet
0.36
Acres
$150,000 | 1304 North Fair Street, Marion, IL 62959
1/18
9

$150,000

Sold 08/14/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,592
Square Feet
0.15
Acres

Location

Listing Courtesy of DAVE THOMPSON REALTY

Sold By PROPERTY WITH TLC, LLC

Add your commute

Payment Calculator

$1,408 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,034

Property Taxes

$373

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 501 East Reeves Street

Property Details
  • Taxes: $4,478 / year
  • MLS Type: Residential Income / Residential Income / Two to Four Units
  • Parking Total: 8.0
  • Subdivision Name: None
Building Information
  • Residences: 4
  • Year Built: 1993
  • Lot Size: 0.26 AC / 11,325 SF
Summary
Location and General Information
  • City: Marion
  • County Or Parish: Williamson
  • Directions: Route 13 east to Garfield then south on Garfield to SE corner of Garfield and Reeves.
  • Latitude: 37.738069
  • Longitude: -88.920751
  • MLSArea Minor: EBOR Area
  • Postal Code: 62959
  • State Or Province: IL
  • Zoning: Residential
Taxes and HOA Information
  • Parcel Number: 07-18-184-016
  • Tax Annual Amount: $4,478
  • Tax Legal Description: North 66' of Lots 3 & 4 Block 5 H.M. Parks 2nd
  • Tax Year: 2022
School Information
  • Elementary School: Marion
  • High School: Marion
  • Middle Or Junior School: Marion
Parking
  • Parking Features: Alley Access, Parking Pad
Property
Lot Information
  • Structure Type: One Story, Quadruplex
  • Building Area Total: 2488.0
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.26
  • Lot Size Dimensions: 66x170
  • Number Of Units Total: 4
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Aerial Photos
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1993
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 4
  • Sewer: Sewer-Public
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: None
  • Heating: Forced Air, Central Air
  • Laundry Features: In Unit
  • Number Of Central Air Units: 4
  • Number Of Heating Units: 4
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Water Heaters: 4
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $29,640
  • Gross Scheduled Income: $29,640
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $24,382
  • Operating Expense: $780
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $780
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Month To Month

Property History for 501 East Reeves Street

DateEvent & SourcePriceAppreciation
Oct 28, 2024

Closed

RMLS ALLIANCE #EB455089

$203,500
Oct 28, 2024

Closed

MRED #455089

$203,500
Sep 15, 2024

Pending

RMLS ALLIANCE #EB455089

DateEvent & SourcePrice
10/28/2024

Closed

RMLS ALLIANCE #EB455089

$203,500
10/28/2024

Closed

MRED #455089

$203,500
09/15/2024

Pending

RMLS ALLIANCE #EB455089

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

Public Records for 501 East Reeves Street

Taxable ValueLand$9,950Additions$58,680Total$68,630
Tax Record2024$5,309 ($442 / month)
Home Facts
Beds0Total Finished SqFt3,328 SqFtAbove Grade Finished SqFt3,328 SqFtStories1StyleSingle Family ResidenceYear Built1987CountyWILLIAMSONAPN07-18-184-016

Schools near 501 East Reeves Street

This home is within Marion Community Unit School District 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Jefferson Elementary School
PublicPK to 5

Marion Jr High School
Public6 to 8

Marion High School
Public9 to 12

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.

Similar Homes

New listings in 62959

$394,900 | 2004 Dew Drop Drive, Marion, IL 62959
1/43

$394,900

4
Bedrooms
2,106
Square Feet
0.33
Acres
$825,000 | 10170 Stilleys Mill Road, Marion, IL 62959
1/73

$825,000

8
Bedrooms
4,828
Square Feet
10
Acres
$159,900 | 708 South Bentley Street, Marion, IL 62959
1/27

$159,900

2
Bedrooms
1,192
Square Feet
0.16
Acres
$424,900 | 1403 Marionna Drive, Marion, IL 62959
1/41

$424,900

3
Bedrooms
2,487
Square Feet
0.74
Acres
$135,000 | 1507 North Russell Street, Marion, IL 62959
1/13

$135,000

2
Bedrooms
1,196
Square Feet
0.29
Acres
a front view of house with yard and green space
1/16

$50,000

3
Bedrooms
1,276
Square Feet
0.09
Acres
a view of a house with backyard
1/33

$235,000

2
Bedrooms
1,524
Square Feet
8
Acres
$156,000 | 819 West Maplewood Street, Marion, IL 62959
1/27
Active Under Contract

$156,000

3
Bedrooms
1,600
Square Feet
0.36
Acres
a front view of house with yard and green space
1/31
Listed By Century 21Contingent

$299,000

4
Bedrooms
1,482
Square Feet
20
Acres

Nearby home values

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 DAVE THOMPSON REALTY

Based on information submitted to the MLS GRID as of 11/16/2024 02:03 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.