310 South East Street

Orangeville, IL 61060

$250,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Summery: 17 studio apartments each equipped with zoned Heat/AC, furnished, kitchenettes, carpet, keyless entry and more. Also 20 brand new centralized private bathrooms with walk-in showers for studios. Building also features a theater room (could easily be studio #18), sauna room, laundry room, game/exercise room, more common bathrooms, wide halls, half court indoor basketball, garage door in gym for owner, forklift, and an additional 10,000 sq ft of building for future conversion (haunted house,...Summery: 17 studio apartments each equipped with zoned Heat/AC, furnished, kitchenettes, carpet, keyless entry and more. Also 20 brand new centralized private bathrooms with walk-in showers for studios. Building also features a theater room (could easily be studio #18), sauna room, laundry room, game/exercise room, more common bathrooms, wide halls, half court indoor basketball, garage door in gym for owner, forklift, and an additional 10,000 sq ft of building for future conversion (haunted house, party space, storage units, more studios, etc...). Sale includes website and new building signage not yet installed. Current unoccupied monthly costs: Electric $200, Wifi Security $200, Grounds Keeping $100, Water $30, Taxes $720 and Dumpster $120 for a total cost of under $1,400 a month.
  1. Listed by Brian Borchardt • A-1 Agency

Sold By A-1 Agency

Property Details for 310 South East Street

Area
Orangeville
Num Of Parking Spaces
36.0
Num of Interior Fireplaces
0

Location

Add your commute
LISTING UPDATED: 09/29/2023 11:42 AM

Property Details for 310 South East Street

StatusClosed
MLS #11799584
Days on Market116
Taxes$7,364 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1940
Lot Size0.33 AC / 14,374 SF
CountyStephenson County

Location

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Building Information for 310 South East Street

Stories-Residences18Year Built1940Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$1,978 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$614

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 310 South East Street

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Zoned
  • # Of Washers: 2
  • Heat/Ventilation: Electric,Separate Per Unit,Zoned,Other
  • # Of Window/Ac: 0
  • # Of Refrigerators: 18
  • # Of Dryers: 2
  • # Of Disposals: 0
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Other
  • Lot Dimensions: 191X234X339X234
  • Stories: 1
  • # Of Ranges: 0
  • Conversion: Y
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-06-05T11:45:37
  • Photos Count: 51
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
Income & Expenses
  • Electric Expense: $21,600.00
  • Fuel Expense: $.00
  • Gross Income: $129,600.00
  • Gross Scheduled Income: $129,600.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $.00
  • Manager Expense: $.00
  • Expense Year: 2021
  • Total Annual Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2021
  • Total Monthly Income: 10800
  • Water Expense Source: Broker Projection
  • Net Operating Income: $956,360.00
  • Operating Expense: $33,964.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,000.00
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 18
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 310 South East Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 310 South East Street

Taxable ValueLand$6,005Additions$70,209Total$76,214
Tax Record2022$8,091 ($674 / month)
Home Facts
Lot Size50,530 SqFtStyleMiscellaneous CommercialCountySTEPHENSONAPN16-03-36-332-017

Schools near 310 South East Street

This home is within Orangeville Community Unit School District 203.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Orangeville Elementary School
PublicPK to 5

Orangeville Jr High School
Public6 to 8

Orangeville 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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of A-1 Agency

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. Based on information submitted to the MLS GRID as of 09/29/2023 11:42 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.