101 South Center Street

Colfax, IL 61728

$369,000
Price
49
Beds
32
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Located in the heart of Colfax this 7 unit apartment building is an investors dream! Updated roof in 2024 and long time renters! Leases are up at the end of March 2025 and the financials speak for themselves. Do not miss out on this great opportunity and schedule your showing today!Located in the heart of Colfax this 7 unit apartment building is an investors dream! Updated roof in 2024 and long time renters! Leases are up at the end of March 2025 and the financials speak for themselves. Do not miss out on this great opportunity and schedule your showing today!
  1. Listed by Brandon Holtz • RE/MAX Rising

Property Details for 101 South Center Street

Area
Colfax
Township
Martin
Zoning
OTHER
LISTING UPDATED: 10/08/2024 12:07 AM

Property Details for 101 South Center Street

StatusActive
MLS #12161284
Days on Market46
Taxes$1,625 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1874
Lot Size0.15 AC / 6,500 SF
CountyMcLean County

Building Information for 101 South Center Street

Stories2Residences7Year Built1874Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 101 South Center Street

General Information
Location and General Information
  • BNAR Zoning: OTH
  • Information: 24-Hr Notice Required,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 2
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Dryers: 2
  • Num of Baths: 32.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X130
  • Stories: 2
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 4
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $200.00
  • Fuel Expense: $.00
  • Gross Income: $4,400.00
  • Gross Scheduled Income: $52,800.00
  • Insurance Expense: $412.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 3653
  • Net Operating Income: $43,836.00
  • Operating Expense: $8,964.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 3
Unit 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 4
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 5
Unit 7
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 6

Property History for 101 South Center 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 101 South Center Street

Taxable ValueLand$1,387Additions$16,028Total$17,415
Tax Record2023$1,625 ($135 / month)
Home Facts
Total Finished SqFt3,708 SqFtAbove Grade Finished SqFt3,708 SqFtStories1StyleMiscellaneous CommercialYear Built1874CountyMCLEANAPN17-03-283-001

Schools near 101 South Center Street

This home is within Ridgeview Community Unit School District 19.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ridgeview Elementary School
PublicPK to 5

Ridgeview Jr High School
Public6 to 8

Ridgeview 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

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101 South Center Street is a multi-family home for sale in Colfax, IL 61728. This property was listed for sale on October 2, 2024 by RE/MAX Rising, it's currently listed at $369,000. This listing's school district is Ridgeview Community Unit School District 19. Nearby schools include Ridgeview Elementary School, Ridgeview Jr High School and Ridgeview High School. 101 South Center Street is a 49-bed, 32-bath, multi-family home built in 1874.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Rising

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 10/08/2024 12:07 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.