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Sold for $290,000
    • $290,000

    401 S Butler St, Lincoln, IL 62656

    8beds
    8baths
    3,942sqft
    Multi Family
    Built in 1977
    -- sqft lot
    $309,300 Zestimate®
    $74/sqft
    $1,011 Estimated rent

    Home value

    $309,300

    Estimated sales range

    Not available

    $1,011/mo

    Zestimate® history
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    What's special

    Two car detached garageCorner lotVarious recent exterior updatesOff-street parking slab
    Two side by side custom constructed duplexes on an 80X150 corner lot just steps from downtown, Lincoln Community High School, and the Lincoln Park District! Each unit boasts two bedrooms and 1.5 baths. Two tenants currently pay $700.00/month -- one tenant currently pays $800.00/month -- fourth tenant currently pays $850.00/month. Butler units have a two car detached garage -- Decatur units have an off-street parking slab. Various recent exterior updates including siding and quality windows. Great investment opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Seth A Goodman 217-737-3742,

    ME Realty

    Bought with:

    Charles L Barnes, 475174037

    The Real Estate Group, Inc.

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1029808MLS LogoOriginating MLS: Capital Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Range, Refrigerator, Water Heater
    • Laundry: Units Hook-Ups
    Features
    • Basement: None
    Interior area
    • Total structure area: 3,942
    • Total interior livable area: 3,942 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Parking Pad
    • Has uncovered spaces: Yes
    Lot
    • Size: 0.28 Acres
    • Dimensions: 80 x 150
    • Features: Corner Lot, Level
    Details
    • Parcel number: 0825529600

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Vinyl Siding
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Lincoln

    Financial & listing details

    • Price per square foot: $74/sqft
    • Tax assessed value: $241,650
    • Annual tax amount: $7,052
    • Date on market: 6/14/2024
    • Cumulative days on market: 243 days
    • Tenant pays: Water

    Price history

    DateEventPrice
    4/29/2025Sold$290,000-3%$74/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1029808 Report a problem
    2/11/2025Pending sale$299,000$76/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1029808 Report a problem
    1/31/2025Price change$299,000-9.1%$76/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1029808 Report a problem
    8/15/2024Price change$329,000-3.2%$83/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1029808 Report a problem
    6/14/2024Listed for sale$340,000+88.9%$86/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1029808 Report a problem
    1/10/2023Sold$180,000$46/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,384 +4.7%$80,550 +8%
    2023$7,053 +2.5%$74,580 +7%
    2022$6,878 +3.8%$69,700 +4.2%
    2021$6,626 +1.3%$66,920 +1.5%
    2020$6,542 +2.2%$65,940 +2%
    2019$6,404 +0.8%$64,650
    2018$6,354 +120.7%$64,650 +2%
    2017$2,880 -49.7%$63,380 +0.1%
    2016$5,725 $63,310 +8.1%
    2015$5,725 $58,550
    2014$5,725 $58,550 +5.3%
    2013$5,725 $55,580 -1.8%
    2012$5,725 +2.1%$56,580 +0.2%
    2011$5,605 +1.5%$56,480 +0.1%
    2010$5,520 $56,430
    Find assessor info on the county website

    Neighborhood: 62656

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Lincoln

    Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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