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Off market
  • $153,400

    404 N Merchant St, Effingham, IL 62401

    2beds
    2baths
    882sqft
    MultiFamily
    Built in 1970
    -- sqft lot
    $153,400 Zestimate®
    $174/sqft
    $1,081 Estimated rent

    Home value

    $153,400

    $138,000 - $169,000

    $1,081/mo

    Zestimate® history
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    Owner options

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    $1,081/mo

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    $1,081/mo

    Rent Zestimate®

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    $1,058/mo

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    $1,058/mo

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    What's special

    Great Investment Opportunity! Landlord currently takes $25/mo. off of $450.00 rent rate for tenant to mow lawn. Both units have been 100% occupied and maintenance has been minimal but 5% for each is being used to get net income. Rent on 2nd unit could be raised to $450 also. Current taxes are $2,592 but owner is protesting; therefore using the rate for 2015.**Stove and Refrigerator each side; Washer & Dryer on South Side only; ***Net income based on 5% vacany and 5% maintenance

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 882 sqft

    Property

    Lot
    • Size: 4,791 sqft
    Details
    • Parcel number: 0316018008

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Foundation: Crawl/Raised
    Condition
    • Year built: 1970

    Community & neighborhood

    Location
    • Region: Effingham

    Price history

    DateEventPrice
    6/25/2014Sold$80,000-5.8%$91/sqft
    Source: CIBR #6132654 Report a problem
    5/6/2014Listed for sale$84,900$96/sqft
    Source: RE/MAX KEY ADVANTAGE #6132654 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,748 +9.2%$40,680 +10%
    2023$2,518 +6.5%$36,980 +9%
    2022$2,364 -3%$33,930 +1%
    2021$2,437 $33,600 +2.9%
    2020-- $32,650 +1%
    2019$2,348 +3.4%$32,330 +4%
    2018$2,271 +1.7%$31,080 +2%
    2017$2,232 $30,470 +3%
    2016-- $29,580 +3%
    2015-- $28,720 +3%
    2014-- $27,890 +2%
    2013-- $27,340 -23.9%
    2012-- $35,930
    2010-- $35,930 +1%
    2009-- $35,580

    Find assessor info on the county website

    Neighborhood: 62401

    Nearby schools

    GreatSchools rating
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